Many title loan NC residents have trouble securing emergency cash, especially if their credit score or employment status is less than ideal. Fortunately, there are still lending options for those in need of quick funds, like a car title loan. To qualify for this secured financing option, you must have the title to your vehicle in your name and be able to meet other criteria such as income and employment status.

Choosing the Right Title Loan Company in North Carolina

While the equity of a vehicle is typically the primary determining factor, lenders can also look at other factors such as the make and model, mileage, and overall condition. The lender will evaluate your vehicle and determine the maximum amount you could receive for your auto title loan, which you can pay back in monthly installments. You can continue to drive your vehicle during the loan term and use it as you normally would.

When you apply for a car title loan in North Carolina, it’s important to have a full understanding of the process and what to expect. Read on to learn more about what it takes to get approved, how the funding process works, and the benefits of this type of financing solution.

While most lenders in the state have stopped offering title loans, those who do still provide them offer competitive rates. The availability of lenders is limited, though, and you will likely have to apply with a national lender or find a local pawn shop that can offer this type of loan.