HOW DO TITLE LOANS WORK IN COLUMBIA, SOUTH CAROLINA?
A title loan in Columbia, South Carolina, is a secured loan option that allows you to utilize the available equity in your car and access the emergency money you need. With a car title loan, you are pledging your car as collateral for the loan, which makes it a secured loan. Instead of just relying on your credit history to obtain approval for a loan, you could use your car title to secure quick funding through an auto title loan.1
Title lenders will focus primarily on these two items when you apply for auto title loans in Columbia, South Carolina:
- The Value of Your Vehicle
- Your Ability to Repay the Loan
If you qualify for a title loan and sign your loan contract, you can obtain the emergency cash you need to handle unexpected expenses, consolidate debt, or even take a vacation. Once the loan is complete, the title loan lender will place a lien on your title. That lien documents the lender’s legal right to your asset, and if you default on the loan, the lender can repossess your car. However, arranging a vehicle repossession is costly, so most lenders would prefer to work with you to find an alternative payment plan if you are struggling with your standard monthly payments.
Borrowers can still drive their cars during the repayment process while making their scheduled payments on time!
WHAT DO I NEED TO GET CAR TITLE LOANS IN COLUMBIA, SOUTH CAROLINA?
Residents of Columbia, South Carolina, are required to submit a few documents during the title loan underwriting process. These documents are used to verify the applicant’s information and can be conveniently uploaded online through the ChoiceCash website. They can also be sent via email or text message to a ChoiceCash title loan agent.
Below is the list of the required documents:1
WHAT IS THE HIGHEST TITLE LOAN YOU CAN GET IN SOUTH CAROLINA?
The highest loan amount a qualified borrower can receive through an auto title loan in South Carolina will depend on several factors! The value of the applicant’s vehicle and their income will affect their loan amount and eligibility. Eligible borrowers could access up to 50% of their vehicle’s value through a title loan in Columbia, South Carolina. That means a qualified applicant could potentially borrow anywhere from $2,000-$15,000!1
Contact a ChoiceCash title loan agent directly at 855-422-7402 if you have questions about how much cash you can obtain with a title loan.1
WHAT IS THE DOWNSIDE TO A CAR TITLE LOAN IN COLUMBIA, SOUTH CAROLINA?
Every loan has the potential to have disadvantages, and a title loan is no different.
Here are some of the potential drawbacks associated with a car title loan in Columbia, South Carolina:
- Car Repossession: If you default on your title loan, your vehicle could be repossessed by the title lender. Many title lenders prefer to avoid car repossessions because they are challenging and expensive to arrange. Instead, most title loan lenders would prefer to work with you to find an alternative solution. The most important thing you can do is communicate with your lender or loan servicer before you default on the loan.
- Damaged Credit Score: When you sign a loan agreement, you agree to pay the loan back according to the loan terms. If you default on your loan, that can negatively affect your credit score.
These potential disadvantages can be avoided by keeping up with your scheduled loan payments!
WHAT ARE THE ADVANTAGES OF AUTO TITLE LOANS IN COLUMBIA, SOUTH CAROLINA?
Car title loans can be helpful and convenient if you are stuck in a tough financial situation and need quick cash. But, an auto title loan in Columbia, South Carolina, can offer more than just emergency cash.
Take a closer look at the benefits you could take advantage of with a ChoiceCash title loan in Columbia, South Carolina:1
In addition to these benefits, you can expect great customer service when you inquire about ChoiceCash title loans in South Carolina! Title loan agents are available six days a week for extended hours to answer any of your questions and walk you through the application process. Call 855-422-7402 today or visit the FAQ page to learn more.
Find out if your vehicle and income qualify for a ChoiceCash title loan in Columbia, South Carolina! If you qualify, you could choose direct deposit or have the funds added to your debit card to get your money in as little as 24 hours.1 Visit the ChoiceCash website today to get started on your loan application.
HOW CAN I PAY FOR MY CAR TITLE LOAN IN PERSON?
Pay for your car title loan at any MoneyGram location in South 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.
Frequently Asked Questions
Are Title Loans Allowed in Columbia, South Carolina?
Yes! You can apply for a ChoiceCash title loan in South Carolina if you have the title to a qualifying car in your name and can provide the required documents, such as:
- Proof of Income & Address
- A Valid, Government-Issued Photo ID
- A Few Photos of Your Car
What are the Requirements for a Car Title Loan in Columbia, South Carolina?
If you want to qualify for an auto title loan in Columbia, South Carolina, then you will need to meet the following initial requirements:1
- Be 18 Years of Age or Older
- Have a Car Title to a Qualifying Vehicle in Your Name
- Be Able to Provide Proof of Income
Do I Need Good Credit to Qualify for an Auto Title Loan in Columbia, South Carolina?
Not necessarily. The approval process for a ChoiceCash title loan in South Carolina can be flexible and quick – even if your credit history isn’t perfect.1
Will a Title Loan in South Carolina Affect My Credit Score?
If you default on your title loan in Columbia, South Carolina, that can hurt your credit score. If you experience financial difficulties during the repayment process and cannot repay your loan, just contact your lender or loan servicer for assistance and discuss your options.
How Much Money Can I Get for a Car Title Loan in Columbia, South Carolina?
The amount of money you could acquire through a title loan in Columbia, South Carolina, will primarily depend on your vehicle’s value and your income. Generally, you could access anywhere from 25%-50% of the total value of your car.1
Locations near Columbia, South Carolina
ChoiceCash is proud to service residents all over South 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 Columbia:
Featured Locations near Columbia, South Carolina
Nearby States by South Carolina That offer a ChoiceCash Title Loan
Title Loans in Columbia, South Carolina
There are about 342,861 total people living in 29229 Columbia, South Carolina. From those 342,861 people, about 53.1% of them are female, which comes out to approximately 177,891 people. In Columbia about 46.9% of the population is male, which comes out to about 164,970 people.
From the total population of 342,861 people about 262,620 are considered legal adults above the age of 18. From there, about 138,174 of those 262,620 adults are female, which comes out to about 53.59% of the population. For the men, 46.41% are adult males, which is approximately 124,446 people.
|Total People Under 5 Years
|Total People 5-9 Years
|Total People 10-14 Years
|Total People 15-19 Years
|Total People 20-24 Years
|Total People 25-34 Years
|Total People 35-44 Years
|Total People 45-54 Years
|Total People 55-59 Years
|Total People 60-64 Years
|Total People 65-75 Years
|Total People 75-84 Years
|Total People 85 Years and Older
Household Employment Information for Columbia, South Carolina
In the entire city of Columbia, there are approximately 127,907 households. When it comes to unemployment of those 127,907 about 32,650 of them contain residents who are currently out of work. However, 56,880 households contain at ,1 employed individual, 33,097 house 2 employed residents, and there are 5,280 homes with 3 or more residents who are employed.
To learn more about the employment of other types of households in Columbia, take a look at the information below!
|Total Households with 1 Person
|1-Person Households with Unemployed Residents
|1- Person Households with 1 Employed Resident
|Total Households with 2 People
|2-Person Households with Unemployed Residents
|2- Person Households with 1 Employed Resident
|2-Person Households with 2 Employed Residents
|Total Households with 3 People
|3-Person Households with Unemployed Residents
|3- Person Households with 1 Employed Resident
|3-Person Households with 2 Employed Residents
|3-Person Households with 3+ EmployedResidents
|Total Households with 4 People
|4-Person Households with Unemployed Residents
|4- Person Households with 1 Employed Resident
|4-Person Households with 2 Employed Residents
|4-Person Households with 3+ EmployedResidents
Living Information in Columbia, South Carolina
Throughout the whole city of Columbia there are approximately 129,173 occupied households where 59,094 of those households are rented by the residents and 70,079 are owned.
Between the years of 2015-2016 about 20,892 households were occupied by newly moved-in residents. Out of those 20,892 households, 15,818 were being rented while 5,074 were owned during that time. Between the years of 2010-2014 approximately 38,978 households were occupied by residents who just moved in. From those 38,978 households, 26,298 were rented and 12,680 were owned. From 2000-2009, residents of Columbia moved into about 29,996 households, with 23,770 of those households being owned and 6,226 being rented.
Going back before the millennium, between 1990-1999 residents throughout Columbia began occupying about 13,612 households. During this time, about 12,117 of the households were owned and 1,495 were rented during this time period. But even before that, during 1989 and earlier, the people of Columbia moved into approximately 15,616 households throughout the city. During this time, people who were renting moved into about 931 of the those 15,616 households, and people who purchased / owned their homes started occupying about 14,685 households.
Education of People in Columbia, South Carolina
Wondering about education information about the people who live in Columbia, South Carolina? Check out some of the interesting educational statistics about Columbia below:
|Percent of People Who Have Not Graduated High School
|Percent of People Who Have Graduated High School
|Percent of People Who Started College
|Percent of People Who Finished College
|Percent of Homeowners Who Have Not Graduated High School
|Percent of Homeowners Who Have Graduated High School
|Percent of Homeowners Who Started College
|Percent of Homeowners Who Finished College
|Percent of Renters Who Have Not Graduated High School
|Percent of Renters Who Have Graduated High School
|Percent of Renters Who Started College
|Percent of Renters Who Finished College
ChoiceCash Title Loans, Serviced by LoanMart in Columbia
Looking for a way to get the emergency cash you need in Columbia? Good news! ChoiceCash Title Loans, serviced by LoanMart, services loans throughout the state of South Carolina. Call 855-422-7402 or visit ChoiceCash Title Loans online to get started today!