4 Things To Check Before You Apply For A Brewton Title Loan
Considering a Brewton title loan? Before you explore your alternative borrowing options, it’s important to ensure you have a good grasp on how a title loan in Brewton, Alabama works. Here’s what you should know.
When you apply for a loan through Alabama Title Loans, Inc., it’s important to have your state-issued ID, lien-free car title, and your car itself for inspection. If a title pawn sounds like the right option for you, then consider applying today!
Understanding a title loan in Brewton, Alabama will put you well on your way to getting one when the situation calls for it. Stay tuned to see the 4 essential checks you need before you get a title pawn.
4 Things To Check Before You Get A Brewton Title Loan
When a life emergency happens, it’s easy to get flustered if you don’t know what financial resources you have. Take a deep breath and consider asking yourself these four questions as ‘checks’ before getting a Brewton title loan.
- Do I need a title loan?
- Do I own my car outright?
- Is my car title in my name?
- Is my car title lien-free?
1. Do I Need A Title Pawn?
The first check to perform can be answered by this question. Knowing when you can avail yourself of this resource is important, since using it frivolously can leave you worse off than when you started. You may consider a Brewton title loan whenever a life emergency arises that you don’t have the resources to manage.
Of course, you can always seek financial relief in the form of a discount, government-assisted programs, or other cashflow solutions, but as a general rule, title pawns are intended for circumstances where nonpayment results in more harm than good.
For some, it’s better to borrow money in the short term to protect your long-term interests. Alabama Title Loans, Inc. customers tend to use these pawns for the following situations:
- Home or auto repairs
- Expensive medical bills
- Business travel
- Rent or utility payments
2. Do I Own My Car Outright?
Another important check to perform is whether you own your car outright. Unfortunately, if you’re still making payments on your car, then that’s a non-starter for most loan companies. Finish making payments on your car before applying for a title pawn, or consider getting a payday loan through Alabama Title Loans, Inc. instead.
3. Is My Car Title In My Name?
It might seem trite to check if your car title is in your name, but you’d be surprised just how often sellers forget to transfer the title. While there’s typically no malice intended in not officially changing the legal owner of the vehicle, it renders the collateral in the car title null and void.
As such, quickly check your paper or electronic title to make sure that the title is in your name. If it isn’t, apply for the name change at your local DMV office.
4. Is My Car Title Lien-Free?
A lien is an outstanding judgment or debt on a car’s title. Dealerships, lenders, local governments, and the federal government can place liens against your title to secure repayment of a debt.
If there’s a lien on your car, then there’s no security by using it as collateral, making it another nonstarter for lenders, which is why this check is so important. To remove a lien, pay off your lienholder and have them remove the lien on your electronic title.
For a paper title, the lienholder needs to send you the appropriate documents, including the lien release form for you to apply for a new, lien-free title at your DMV office.
How You Can Apply With Alabama Title Loans, Inc.
Now that you understand exactly what you need to check before considering a title pawn, you’re all set to walk through the simple loan application process.
First, complete the online loan inquiry form and wait for a representative to call you. During the call, you can schedule a location that works for you to meet with the representative for a brief inspection.
At the meeting, you will need:
- Your driver’s license or state-issued ID
- Your lien-free vehicle title
- Your car itself for inspection
Once the associate has finished conducting the inspection, you’ll go through the final stages of the approval process, including some basic paperwork. If approved, you’ll get the fast cash you need later that day or the next business day.
Get Started Online Today!
Now that you know how to get a title loan in Brewton, Alabama, you’re all set to ensure you can use this resource appropriately and have everything you need to apply. Because your car title carries so much weight in a Brewton title loan, it’s important to do these checks to give you the best shot of getting approved.
If you’re ready to see how much you could qualify for, apply today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.