Car title loans are great for financing holiday expenses. However, there are other types of loans available that you may have heard of. One of these is a personal loan. While some loan companies might try to convince you to pursue this type of financing, 1st Capital Finance wants to tell you why you should consider title loans in Rock Hill, SC and Myrtle Beach, SC instead:

Personal loans are considered unsecured loans, which means that they aren’t secured by some type of asset. Some personal loans might require a credit history check. Usually, you must also provide proof of income in order to get a personal loan. This will be used to show the loan company that you’re earning enough money to be able to pay off the loan. Personal loans aren’t ideal for those looking to get money in a hurry, as they typically have a long approval period – especially at traditional banks.

Considered to be secure loans, title loans are guaranteed by some type of collateral or asset. In the case of car title loans, your vehicle serves as that asset. The only requirement to get a car title loan is your car title itself. Our title loans do not require a credit report. Title loans are also much easier to obtain than personal loans, allowing you to quickly get the cash you need for purchases or emergencies. If you’re looking to get a title loan today, all you have to do is bring a clean title and your vehicle to one of our offices. We’ll walk you through the entire process, and can most likely give you the money you need in around 15 minutes.

Make the most of your spending by giving 1st Capital Finance a call.  Still have questions about title loans? Our friendly, expert staff will help you. We offer title loans in Rock Hill, SC and Myrtle Beach, SC. We look forward to helping you soon!