Can You Apply for Title Loans Online in Winston-Salem?

Yes, you can apply for title loans online as a Winston-Salem resident! With a ChoiceCash title loan serviced by LoanMart, begin your funding inquiry by filling out the pre-approval form or calling 855-422-7402 to speak with a title loan agent.1

The online title loan process in Winston-Salem, can be simple and quick. Qualified borrowers may receive access to money within the same business day as inquiring!1 The process only involves three main steps. You must:

  1. Submit the Pre-approval Form or Call to Speak With a Title Loan Representative
  2. Submit the Correct Documents via Email or Fax
  3. Obtain Approval if You Qualify and Receive Your Cash1

You can begin filling out the pre-qualification form at any time of the day or night. A title loan agent will respond first thing the following morning if you fill out the form in the middle of the night. This option can be convenient for people who are experiencing a financial emergency and need to explore their choices quickly!

Just use your smartphone, tablet, or computer to start your online title loan inquiry. It doesn’t have to be a hassle to find out if you can qualify for financial assistance!

What are the Requirements for an Online Title Loan in Winston-Salem?

There are only a few initial requirements for an online title loan in Winston-Salem. However, you must meet the criteria mentioned to qualify for funding.

Fortunately, the initial requirements can be simple in comparison to other loan options. For example, you may need a good credit score when inquiring about unsecured loan options. With a title loan, perfect or bad credit is optional!

For a title loan, you must:

  • Be an Adult at Least 18 Years of Age or Older
  • Have a Qualifying Vehicle Title in Your Name
  • Have a Qualifying Vehicle With Some Positive Equity
  • Show Proof of a Consistent Income and Ability to Repay the Loan

You can prove your age and identity by providing a valid government or state-issued photo I.D., like a driver’s license or passport. Next, you must have a qualifying vehicle title in your name to apply for a title loan in Winston-Salem.

You can inquire about funding with a financed car as long as the vehicle is close to being paid off or has enough positive equity to qualify as collateral.1 You can contact a ChoiceCash title loan agent if you have questions about your vehicle title circumstances by calling 855-422-7402.

You also must have a qualifying vehicle with some positive equity. Essentially, this means your car is worth more than your remaining loan balance. If you want help determining car equity, you can use this helpful online calculator tool free of obligation to interested ChoiceCash borrowers. You can also head to websites like to receive a car value estimation against the current market value.1

The last initial requirement for a car title loan is providing proof of consistent income. Consistent income doesn’t necessarily mean you must work a traditional 9-5 job, which can make Winston-Salem title loans a more accessible option for people from various financial backgrounds.

Can You Apply for a Title Loan in North Carolina if You’re Unemployed?

You can inquire about a ChoiceCash title loan serviced by LoanMart if you’re unemployed. However, you cannot use government-issued unemployment checks as your income verification during the application. Instead, you can use other forms of steady income to demonstrate your ability to repay the loan.1

Below are examples of consistent income that may be acceptable for a title loan in Winston-Salem:

  • Social Security Benefits
  • Worker’s Compensation
  • Alimony/Child Support Payments
  • Pension Income
  • Settlement Income
  • Some Self-Employment

A steady income is money that you receive in a dependable, consistent way from an outside source. This definition can include traditional pay stubs and other sources mentioned above! Contact a ChoiceCash title loan agent if you have questions about your circumstances during an inquiry by calling 855-422-7402.1

What Other Documents Do You Need for an Auto Title Loan in Winston-Salem?

In order to qualify for an auto title loan in Winston-Salem or nearby communities such as Greensboro and High Point a few documents are required so that your application information can be verified. While the list of required items can slightly differ by state, you can expect to need:1

  • Valid Government or State-Issued Photo I.D.
  • Proof of Residency in North Carolina
  • Proof of Qualifying Vehicle Title in Your Name
  • Proof of Consistent Income
  • Recent Photos of the Vehicle

Gathering all the documents before beginning your title loan inquiry can make the process move quicker! Providing proof of residency is essential because title loans are only available in some states. You can show that you live in North Carolina by using recent mail, like utility bills or bank statements. If you need help replacing a driver’s license or a car title, contact the North Carolina DMV to learn more about the process.

Car inspections are necessary during an online title loan inquiry, but they do not have to be a huge hassle! Just submit a few photos for a virtual review instead of visiting a location in your area. Take clear and direct images to ensure a smooth inquiry process! Blurry pictures may slow things down.

How Do Title Loans Work in Winston-Salem?

So, how do title loans work? Auto title loans can allow a qualified borrower to use their car as collateral for funding. Borrowers can access a percentage of their vehicle’s equity in exchange for money that they repay in installments. This loan option is secured because there is a physical asset for lenders to depend on if the loan is not repaid.

Title loan lenders will place a lien on the car title once the loan agreement is read over and signed. It is removed after the loan is repaid in full. Lenders will still check your credit history during the inquiry process, but the focus is more on these factors instead:

  • How Much Positive Equity Is in Your Vehicle
  • If You Can Demonstrate the Ability to Repay the Loan

Your vehicle’s available equity and income can affect your eligibility for a title loan! These factors will also affect your potential loan amount.

Can I Use My Title Loan Money to Pay for Rent in North Carolina?

Yes, you can use title loan funds to help cover rent in Winston-Salem! It’s no surprise that the cost of living has drastically increased over the past few years. If you’re struggling with your bills, you’re not alone– nearly half of all Americans don’t have more than $1,000 in savings.

For most Americans, rent is one of the most significant expenses a person has to cover monthly. The gross median monthly rent within the U.S. is over the $2,000 threshold, which means finding affordable housing is hard for everyone.

The gross median monthly rent in Winston-Salem, is around $1,200, which is less than the national average. However, that may not be affordable, considering that the minimum wage in North Carolina is a staggeringly low $7.25 per hour. It can be difficult to pay the average rent in North Carolina if you only make minimum wage. If you are an employee that earns minimum wage and only works 40 hours per week, you will only earn $1,160 per month. That is before taxes and other necessary expenses, like groceries and utilities.

Rent isn’t the only cost that families need to consider each month. Utilities and other bills can add up quickly, especially if you live with more than one person! Accessing extra cash through a title loan could provide you with the financial relief you need. Title loans can be used for various expenses, including medical bills, consolidating debt, and even covering the cost of a wedding.

What Kinds of Cars Are Accepted for a Title Loan in North Carolina?

Many different makes, models, and styles of cars can be accepted as collateral during a title loan inquiry!

Title loan lenders will care about your car’s equity during approval. So, during the virtual inspection, they will look at things like:

  • Make, Model, and Style of Your Vehicle
  • Vehicle Manufacture Year
  • Vehicle Mileage on the Odometer
  • Vehicle’s Overall Condition
  • Upgrades and Modifications to the Vehicle

All of these factors can contribute to a car’s value, so it’s essential to consider them when inquiring about funding. Many different vehicles can potentially qualify for Winston-Salem title loans!1

The Ford F-Series are the most popular vehicles driven on the road in North Carolina, but many other types of cars can be used as collateral for a title loan!1

Are There Any Disadvantages to Applying for a Title Loan in Winston-Salem?

You can put yourself at risk when signing any financial agreement. One of the most significant disadvantages of borrowing money is the potential for loan default. If you fail to pay your mortgage, you can lose your house. Losing an asset can be the result of a secured loan option, but it’s usually the last resort any lender wants to take.

The laws surrounding vehicle repossession can vary greatly depending on where you live. In some states, lenders must warn borrowers before repossessing the car and allow time for the borrower to pay the loan off and potentially get the repossessed vehicle back.

Lenders can legally sell the vehicle if you don’t repay your loan. They must give you the surplus if they sell the car for more than what you still owe. If they sell the vehicle for less than what you owe, you are still on the hook to pay them the difference, which is also known as the deficiency balance.

The best way to avoid the risks associated with any loan is to make your monthly payments on time! In general, not paying your bills can result in a bad credit score. Combat this by setting up automatic withdrawals from your bank account! That way, you can worry less about making your payments on time.

What Are the Advantages of a Car Title Loan in North Carolina?

There are many advantages of applying for a car title loan in Winston-Salem. Unlike a traditional bank loan, which can take a long time to obtain approval, title loans can be quick options for people who need instant cash!

With a ChoiceCash title loan serviced by LoanMart, you can expect to take advantage of more than just the money you may qualify for:1

Flexible Inquiry Process:

Title loans can be much more flexible than some traditional options! That’s because people from various careers and financial backgrounds are welcome to apply. You don’t need a perfect credit score to qualify, and many alternative income sources may be accepted during the approval process.1

Convenient Online Portal:

You can inquire about title loan funds online and over the phone, eliminating the hassle of making a store visit in your area! When people are experiencing a financial emergency, they must explore their options quickly. Accessing the online portal for a ChoiceCash title loan serviced by LoanMart could be helpful during a stressful situation!1

Keep Driving Your Vehicle:

You may wonder what happens to your car after you obtain approval for a title loan. The answer is simple– qualified borrowers can continue driving their vehicles during repayment! As long as you make your monthly payments on time, you don’t have to worry about lenders repossessing the car.1

Multiple Ways to Repay Your Title Loan:

It is important to pay your title loan on time each month. Thankfully, qualified borrowers have several repayment options available to them! You can conveniently choose to:

  • Set Up Automatic Withdrawals From Your Bank Account
  • Send a Check in the Mail
  • Pay By Phone with a Card
  • Visit a Participating Money Transfer Location in the Winston-Salem Area

Inquire about a ChoiceCash title loan serviced by LoanMart in Winston-Salem, today! You can fill out this pre-approval form or call 855-422-7402 to speak with a title loan agent. This loan option can be convenient because it doesn’t require a store visit!1 Don’t wait to see if you can qualify for the financial assistance you need.


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 Winston-Salem, 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 Winston-Salem:

    Featured Locations near Winston-Salem, North Carolina

    Nearby States by North Carolina That offer a ChoiceCash Title Loan