A car title loan could be a good option if you are in need of fast cash. If you wonder what a car title loan SC is, it is simply a kind of loan wherein your car title will be used as the collateral, hence the name. Many people prefer this type of loan because of the fast and easy way of loan application and approval. Lenders usually do not consider the borrower’s income level or credit score to approve the loan. In a matter of an hour or even minutes, if all the requirements are met, the loan could already be available. Usually, the borrower needs to present his or her car title, driver’s ID and other state-issued IDs. The borrower also needs to actually present his or her car to the lender. The loan amount is dependent on the resale value of the car, which is usually 50 percent of the actual market resale value.