When you are in need of some quick cash to pay for an emergency and take out a car equity loan. You can use your vehicle as collateral for the loan, also known as a pink slip loan. To get the cash you need quickly use your vehicle to secure your car equity loan and get the cash you need quickly in South Carolina.
When you finance a new or used car, there is a lien against the pink slip or car title, until the car is paid off. The financer will typically hold onto the car title or pink slip, until the loan is paid off. A pink slip that has a lien against on it, cannot be used as collateral. Should the borrower default on the car loan, it becomes the property of the lien holder, and therefore it cannot be used as collateral for an auto equity loan, once, the vehicle is completely paid off, the car owner will receive the clear title from the lender. Only vehicles that are fully owned, can be used for collateral to back an auto equity loan. Some lenders will approve borrowers if the vehicle is nearly paid off.
Wilshire Consumer Credit is a reputable lender that offers customers quick cash for an auto equity loan, provided there are no other liens against the vehicle. This lender operates in South Carolina, Phoenix, Arizona, California and New Mexico. They approve loans regardless of bad credit, and offer industry-competitive interest rates, rapid turnaround, flexible payment terms and complete confidentiality for personal information.
Apply for your auto equity loan using the form here. A representative will get back to you in a few minutes to let you know if you've been approved.