What is a Title Loan in Wilmington, North Carolina?
A title loan, otherwise known as a car title loan, is a secured loan option that allows you to utilize the available equity in your vehicle and turn it into funding you can use. Instead of just relying on your credit history for loan approval, you could use your car’s title to secure funding with an auto title loan in Wilmington, North Carolina.1
When you use your vehicle as collateral to acquire funds, the loan then becomes secure. A few things will happen to your car title during that process. A title loan lender will place a lien on it for the entirety of the loan. However, the lender will remove the lien once you have repaid your loan in full! You can still drive your car while you make timely payments each month.
Be aware that your car must have enough positive equity to qualify for a title loan in Wilmington. That, alongside your income, can determine the loan amount you’d potentially receive. It’s okay if you don’t know your car’s current equity! Just use the online calculator tool available for ChoiceCash title loan borrowers to quickly find an estimate of their vehicle’s current equity and value.1
With a ChoiceCash title loan serviced by LoanMart, you can apply online from the comfort of your home! If you qualify for Wilmington title loans, you may receive the money in as little as one business day! Dial 855-422-7402 if you have any title loan questions or concerns.1
What Do You Need to Get a Title Loan in Wilmington, North Carolina?
What you will need to get a title loan in Wilmington, North Carolina, is straightforward and simple! There are some specific documents you must send as part of the initial requirements for online title loans in Wilmington, North Carolina.
While you must meet additional requirements to apply for a title loan, you can expect to hand in the following necessary documents when you inquire about a car title loan in your city:1
- A Car Title in Your Name
- Proof of Steady Income or Alternative Income
- Proof of Address in Wilmington, North Carolina
- Some Professional or Personal Contacts
- Proof of Valid, Government-Issued Identification
- Recent and Clear Pictures of Your Car
Once you submit each document online, you could finally access the funds you need for an emergency. Since you can send each document online, you could receive a quick approval status!1
What are the Requirements for Auto Title Loans in Wilmington, North Carolina?
In addition to submitting documentation, there are other initial requirements that you must meet. To get approval for Wilmington car title loans, you would only need to meet the following criteria:
- Have a Clear Car Title in Your Name
- Provide the Ability to Pay Off Auto Title Loans in North Carolina
- Possess Enough Positive Equity in Your Vehicle
- Be at Least 18 Years of Age or Older to Qualify
It takes no time to determine if you can acquire a title loan in Wilmington, North Carolina! If you satisfy the initial qualifications, you could receive quick funding in as little as 24 hours!1
Can I Get a Car Title Loan Against My Car in North Carolina if I am Still Financing it?
Yes! If you are still financing your vehicle, you could be eligible for an auto title loan in Wilmington, North Carolina! Online title loans allow you to use your vehicle’s title as collateral to secure the loan. The loan amount you can secure depends on the positive equity in your car, not just the number of payments left on it. You could still retrieve emergency cash through a title loan if your vehicle has enough positive equity!1
Before you get a title loan on a financed car, one thing to consider is how it could influence the total amount you would owe. When you’re trying to get a car title loan while still paying off your car, the remaining balance you owe on the vehicle will be part of the title loan’s principal amount. However, the money you’d receive from a title loan will be lower than anticipated. But don’t worry! Your car may have enough equity to help cover your bills or expenses without breaking the bank.1
How Old Can a Car Be to Get Wilmington Title Loans?
The age of a car, which means the year your car was manufactured, can contribute to its value in a few different ways. For example, if you have a newer car, it will likely have less mileage on the odometer and less wear, which increases its value. But having an older vehicle doesn’t mean you can’t qualify for North Carolina title loans.1
No matter the car’s age, it could have enough value to qualify for a car title loan if you maintain it in good condition. In some cases, if the vehicle is a classic car, a luxury car, or comes from a popular make, it may hold more value than some newer cars! Don’t forget to use the online calculator tool to determine if your vehicle has enough value to qualify for a car title loan in your city! Or, contact a ChoiceCash title loan representative at 855-422-7402 for more assistance.
Can You Sell a Vehicle in North Carolina with an Auto Title Loan On It?
Although you may have gotten a car title loan to repay an emergency expense, you may need more cash to cover other bills! Since the cost of living in Wilmington is above the national average, it makes sense that you want to sell your vehicle. Yet, if you have a car title loan on your vehicle, you cannot sell it until you pay off the loan.
Remember, a title loan lender will place a lien on your car title during the title loan process. That means the title loan lender is the vehicle’s legal owner; therefore, the car is not yours to sell. Once you’ve paid off the title loan, you’ll be able to sell your car without any concerns about the lien.
Are There Any Advantages of Getting a Title Loan in North Carolina?
A borrower in Wilmington, North Carolina, could take advantage of several benefits with a ChoiceCash title loan. Not only could you retrieve quick funding if you qualify, but other exclusive benefits could add to your overall loan experience:1
- A Flexible and Convenient Inquiry Process1
- No Hidden Fees or Prepayment Penalties
- Competitive Interest Rates1
- Bad Credit Isn’t Always an Issue!1
- Payments That May Decrease2
- Excellent Customer Service for Wilmington Residents
- Keep Driving Your Car While You Pay Off the Auto Title Loan in Wilmington, North Carolina
- Borrowers Can Access an Online Portal to Keep Track of their Loan Information
Find out if you can reap the advantages of car title loans by starting the inquiry process today!1
What is the Approval Process for Wilmington Car Title Loans?
Ready to see if your car can qualify for North Carolina title loans? You could get the emergency cash you need by completing a simple online approval process.1
If you are a Wilmington resident that needs to fix your financial situation, you can take advantage of the three-step process:
- Submit a Short Title Loan Inquiry Online, or Over the Phone with a ChoiceCash title loan agent at 855-422-7402
- Send in Your Required Documents
- Get Your Money if You Qualify for a Car Title Loan in Wilmington, North Carolina
If you qualify for funding, you could choose to get your money deposited directly into your debit card, through a direct deposit to your bank account, a check sent to your Wilmington address, or simply pick up your cash at any participating money transfer location near you.
Go online or dial 855-422-7402 to start the approval process for a ChoiceCash title loan in Wilmington, North Carolina! Qualified borrowers could acquire the funds they need in as little as 24 hours!1
HOW CAN I PAY FOR MY CAR TITLE LOAN IN PERSON?
Pay for your car title loan at any MoneyGram location in North Carolina. MoneyGram is often located in convenient public stores such as Wal-Mart, Kroger, or CVS. Call 855-422-7402 to discuss your options with a loan expert, or see the map and location list below to see where your nearest MoneyGram is located:
Addresses shown display closest MoneyGram locations. Map displays all MoneyGram locations in general vicinity.
Locations near Wilmington, North Carolina
ChoiceCash is proud to service residents all over North Carolina including metro areas . Call 855-422-7402 to discuss your options with a loan expert, or see the city list below to see where your MoneyGram locations near Wilmington: