If you’re looking for work, you know that finding the right job in today’s job market can be harder than it seems. But when you have financial troubles on top of unemployment, it can sometimes make finding work even more challenging. Here at 1st Capital Finance, we always want to share ways that title loans in Rock Hill, SC can help our clients. Here’s how title loans can benefit those who are unemployed.
Title loans are attainable.
Banks often consider unemployed people as “high-risk” and will often deny loan applications. Lenders fear that if you don’t have a job, you won’t be able to pay back the loan. Banks will always err on the side of caution. But while it’s hard to get a bank loan when you’re out of work, a car title loan doesn’t require proof of employment or a credit check. Unlike a bank, a title loan company will consider your vehicle as collateral in the event that the loan isn’t paid off.
Title loans can supplement your unemployment compensation.
While you might receive some compensation from severance pay or unemployment benefits, this income may not be enough to cover your living expenses or emergencies. You may also need to invest in some items or incur travel expenses as you’re interviewing for new positions. Getting fast cash from title loans in South Carolina is one way you can get back on the right path as you look for a new job.
How do you take the first step?
If you’re unemployed and need cash in a hurry to help make ends meet, 1st Capital Finance may be able to help you. If you have a clean title on your vehicle, bring it to us. We’ll be happy to talk with you about our title loans in Rock Hill, SC and Myrtle Beach, SC.