Car title loans can be helpful for people who need to get cash quickly without having to worry about a credit check. But what if you have a lien on your car? Are you still eligible to get a title loan? Before you apply for title loans in Rock Hill, SC, 1st Capital Finance wants you to understand the following about title loans in South Carolina.

  • What is a lien? When the buyer of a vehicle gives temporary ownership to another party as collateral, a lien is placed on that vehicle. For example, if you took out a loan to cover the cost of buying your car and you haven’t paid it off yet, then you most likely have a lien on your car. Your car serves as security for the other party so they can make sure they get their money. The lien will be removed after you pay off the loan.
  • If I have a lien, can I still get a car title loan in South Carolina? In most cases, you need to have a car title that is yours and yours alone. If the vehicle has a lien on it, you won’t be able to get cash for your car title since it’s technically not owned outright by you. However, there are unique circumstances that could apply to your situation. Come in and talk to our staff to see what we can do for you.
  • How can I find out about my options? The best way to make a decision is to talk to our title loan experts. We’ll examine all of your options and help you find a loan that best suits your needs.

If you need title loans in Rock Hill, SC or Myrtle Beach, SC, call 1st Capital Finance. We’re here to help you get the cash you need!