Title Loan Requirements

Getting a Platinum VIP Title Loan is designed to be quick, confidential and easy. Having the right documents with you is the single biggest factor in how fast you'll be on your way. Here's what to bring.

Checklist

• Photos of your vehicle for an online review.
• A clear South Carolina vehicle title in your name, without other liens.
• Valid government-issued photo ID (driver's license, state ID or passport) — must be 18 or older.
• Proof of income such as recent pay stubs, benefits letter or bank statements.
• Proof of residence such as a utility bill or lease.
• Current insurance on the vehicle.
• Recent pictures of your car (interior, exterior, odometer and VIN) if you apply online.
• Other documents may also be required, such as a few references.

Title questions

If your title is lost, has an old lien listed that's been paid off, or is in a spouse's name, contact us. Many title issues can be resolved through the SC Department of Motor Vehicles before you apply.

Credit

Your credit history is reviewed, and a lower score does not by itself rule you out, though approval is never guaranteed. See title loans and your credit score.

Ability to repay

We size each loan to your income, not only your car's value. Responsible underwriting is part of what keeps Platinum VIP at 35.99% APR — we want your loan to end with a clear title in your hands.

Title loan requirements explained

Car title loans can be a fast and convenient way to get cash when you’re in a bind! One of the benefits of car title loans is that you don’t need a perfect credit score to secure the financial help you need. While you don’t need a good credit history to get a title loan, you will typically need a car title in your name, along with proof of income and a few other documents to verify your information. Keep reading to learn more about the title loan requirements and how car title loans work.

Proof of income is necessary so that the lender can see that you are capable of making payments for your car title loan! You will be asked to provide recent bank statements or pay stubs. Additionally, you can submit another qualifying document that proves your ability to pay back the loan.

Proof of Residence: As previously mentioned, title loans are not available in every state. You’ll need to submit a recent credit card statement or phone bill during your loan inquiry.

Valid Identification: You can submit a driver’s license, U.S. passport, or permanent resident card to verify your identity and age. Typically, you can use any type of valid, government-issued identification card, including a REAL ID.

Proof of Income: You don’t need a traditional 9-5 job to qualify for a title loan. However, you must provide a qualifying document to verify your ability to handle your future title loan payments. Commonly accepted documents are things like disability income statements, workers’ compensation award letters, retirement income statements, etc. Call if you have more questions!

Instead of searching for a lender and their car title loan requirements on your own, just contact us today! You can easily learn more about the application process and the ins and outs of title loans.

APR disclosure: The Platinum VIP Title Loan carries a maximum Annual Percentage Rate (APR) of 35.99%, which includes the $15 South Carolina lien fee. Your actual APR, finance charge, payment amount and term are disclosed in your written loan agreement before you sign. A title loan is secured by your vehicle; if you do not repay as agreed, your vehicle may be repossessed. Borrow only what you can afford to repay. Loans are made by 1st Capital Finance of South Carolina Inc, the lender, 3420 Hwy 21 Ste B, Fort Mill, SC 29715. 1st Capital Finance of South Carolina Inc is licensed by the South Carolina State Board of Financial Institutions, Consumer Finance Division, as a Supervised Lender (License No. SL-1966027) under S.C. Code § 37-3-503. Loans are available only to South Carolina residents and are originated online. Submitting information on this website does not guarantee loan approval.