When you get any type of loan, you’ll agree to a certain repayment schedule. From the very first payment, you’ll want to make sure you understand these conditions so you can stay on good terms with your lender. One thing you’ll want to ask about is the flexibility of your payments. Can you make changes to when your bill is paid – or how long it takes you to pay off your loan? If this type of flexibility matters to you, you may want to consider car title loans near you. Here’s more information from 1st Capital Finance.
- Can you pay back the loan at your convenience? Unlike traditional loans, title loans in South Carolina allow you to set up a repayment plan that works with your schedule. You may be able to choose a single installment repayment plan or a multi-installment one. You may even be able to set up a one- or two-week repayment plan. It’s a helpful alternative if your cash flow is a concern.
- Are there any prepayment penalties? In many cases, traditional loan terms are strict and nonadjustable. While it makes sense that you’d face penalties for failing to repay your loan, you might not expect to face a penalty for paying it off early. But that’s exactly what can happen with some types of loans. At 1st Capital Finance, you won’t have to worry. You’ll only pay interest for the time you owe a balance.
- Will you be able to get the money you need? Getting approved for a loan isn’t always easy. That’s why we’re happy to tell you that car title loans are one of the easiest ways to get approved for the cash you need.
Need fast cash with flexible payments? Call 1st Capital Finance to learn more about our car title loans near you in Rock Hill, SC and Myrtle Beach, SC.