Facing a financial emergency but worried about existing debt? If you’re considering a title pawn in Alabama, you’ll be glad to know that your current debt situation doesn’t always disqualify you. A title pawn allows you to borrow between $300 and $15,000, depending on the value of your vehicle, to fund unexpected expenses like medical bills or urgent home repairs.

Even better, you don’t need a good credit score to qualify for a title pawn, and having existing debt won’t necessarily stop you from getting the money you need. However, certain factors can affect your eligibility.

Can You Qualify for an Alabama Title Pawn with Debt?

Yes, you can still qualify for an Alabama title pawn if you already have debt, as long as the debt doesn’t involve your car as collateral. For example, if you already have a title pawn on your vehicle or still owe money on an auto loan, you won’t be able to use that vehicle to get another loan.

What Types of Debt Allow You to Qualify for a Title Pawn in Alabama?

Certain debts, like mortgages, student loans, and personal loans, won’t affect your eligibility for a title pawn. However, you must have a lien-free title to your vehicle, meaning you own the car outright with no outstanding loans on it. Once you qualify, we’ll place a lien on your title, and after you repay the loan, the lien will be removed.

Can I Keep Using My Vehicle While Repaying The Title Pawn?

Yes! You can still use your vehicle while you're repaying the title pawn! We won't ever ask you to impound the car or cease use during the term. As long as you stick to the repayment schedule, you will retain use of your vehicle for the entire time.

What Do You Need To Get An Alabama Title Pawn?

Now you know that you can get a title pawn in your state while having other debts, let's look at the requirements.

At Alabama Title Loans, Inc., you don't need a great credit score; we simply require the three things below:

• State-issued identification — It's probably easier to use your driver's license to settle this part of the requirements. However, feel free to use your passport, passport card, military dependent's ID card, student ID card, or military service-member ID card instead. Anything you use should be in-date and display your name, date of birth, and portrait. After all, we need to match the name to the face and age!
• Lien-free vehicle title — As you already know, we require a lien-free vehicle title to secure your pawn.
• Vehicle — Your car, truck, or van determines the amount of money we can offer you. Please note that we don't accept other types of vehicles like motorcycles, tractors, boats, trailers, or RVs.

It's also worth noting that we don't run hard credit inquiries. So, you won't need to worry about your credit score being affected by taking out a title loan while you already have debt.

How To Get An Alabama Title Pawn

With all that in mind, you'll be pleased to know our process is wonderfully straightforward. Follow the steps below to get an online title pawn from us:

1. Complete the online title pawn inquiry form. It won't take longer than five minutes as we only request essential information. Although, always double-check your answers to ensure complete accuracy.
2. After that, we'll give you a call to discuss everything. Please have your phone handy, as we'll call you quickly upon receiving your initial inquiry. At this stage, we'll ask you to choose a location for your face-to-face meeting. You don't have to come to your local Alabama Title Loans, Inc. store; we're more than happy to go to your home or workplace.
3. Following the telephone conversation, gather everything you need to qualify, so you're ready for the meeting.
4. At the appointment, we will assess your documents and evaluate the worth of your vehicle to establish the amount of money you qualify for.
5. If you are satisfied with the proposed dollar amount, we will request your signature on several forms.
6. The last step is receiving your money! We try to release the funds on the same day as your application. But you can rest assured you'll receive the money on the next business day if the processing doesn't run quite as quickly as hoped.

Get An Alabama Title Pawn Right Away!

You can apply and gain approval for an Alabama title pawn with already-established debt as long as your current loans don't affect your car's, van's, or truck's lien-free status.

If you need to fund an emergency like vet fees, home repairs, or medical bills, complete the online form, and we'll be in touch to guide you through the process.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.