Avoid Taking A Bad Credit Hit Before Your Late Bills Go Into Collections
When unpaid bills are about to go into collections, a title pawn might be the solution you need to protect your credit score. Alabama Title Loans, Inc. offers fast cash through title pawns, allowing you to borrow money against your vehicle's value without impacting your credit. Learn how you can avoid a credit disaster and keep your finances on track with our helpful guide.
How Can a Title Pawn Prevent a Bad Credit Hit?
Bills Get Paid On Time
If you’ve got bills that are due and you don’t pay them, your credit rating will start to suffer. It might not seem very important initially, but your credit rating can significantly impact many of your finances.
If you want to borrow money from a bank, take out a mortgage, or make other significant financial commitments, having a low credit rating can be a nightmare. That means it’s essential to pay your bills on time; ideally, you should have enough money set aside every month.
However, sometimes things get out of hand, and you can’t meet this obligation. It sometimes happens to everybody, so what are your financial options when it does?
A title pawn could answer this issue, allowing you to pay your bills before they are overdue. Being consistent about bill payments and never paying late is a great way to build up good credit, making it easier to get loans if needed. That’s why taking out a title loan now and avoiding a credit hit could be worthwhile.
You Can Manage Emergencies
Even with good planning, an unexpected cost can upset all your carefully managed finances and leave you unable to pay for something. If you get caught by a surprise expenditure, such as an urgent medical bill, a vet fee, or a home repair, you may struggle to deal with the emergency and can’t pay for things.
Again, taking out a title loan can solve this problem because it will let you pay for the unexpected expense before it goes to collections. Depending on the expense, leaving it early could also positively impact your credit, which is essential to avoid.
In some cases, you may be able to put off an emergency bill for a while and pay for it once you’ve got the money. Unfortunately in certain cases, it will need to be paid right away. This is when a title loan becomes useful for preventing credit issues. Get the emergency delivered, and then you can focus on your regular financial commitments.
Why Choose Title Pawns?
Title pawns are a convenient option for those who own a vehicle and need fast cash. Unlike traditional loans, title pawns don’t require perfect credit. Even if your credit score isn’t stellar, you can still qualify for a title pawn if your car has value and you own it outright.
Additionally, you can continue using your vehicle while repaying the loan. This makes title pawns in Alabama a flexible solution for managing financial emergencies without giving up your mode of transportation.
How to Get a Title Pawn
If you’ve decided a title pawn could be right for you and want to learn more, all you need to do is fill in the form on our website. This will funnel you into our system, and we will contact you directly via your phone number. You will quickly get a call back from an agent who can help you.
They will talk you through the process and explain what paperwork you need to get a title loan. Generally, you only need your government-issued photo ID and the lien-free vehicle’s title.
You can then organize to bring your vehicle for a quick inspection to verify its condition. This inspection can take place wherever you choose.
Once we’ve had an opportunity to assess your vehicle and circumstances, our agent will be able to tell you whether you are eligible for the loan. If you are, you will be said at the meeting and given some forms to sign. You will then receive the money for the loan on either the same working day or the next business day, and you can use it to take care of your bills!
Getting a title pawn with Alabama Title Loans, Inc. is easy. Just follow these steps:
- Apply Online: Start by filling out the online form. This form doesn’t commit you to a loan but helps us understand your needs.
- Prepare Your Documents: You’ll need a government-issued ID and the lien-free title to your vehicle.
- Vehicle Inspection: We’ll arrange a quick inspection of your car, either at one of our locations or at a place of your choice.
- Receive Your Cash: If approved, you could receive your money on the same day or the next business day!
Start Your Title Pawn Application Today!
If you’re worried that unpaid bills will soon affect your credit score, Alabama Title Loans, Inc. is here to help. We offer fast and easy title pawns that provide the funds you need to keep your credit intact. Apply online now or give us a call to get started!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.