Why Getting a Title Pawn is Easy in Alabama

May 8, 2020 | Daniel Dewitt

 

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Thinking about taking out a title pawn but worried about the complexity of the process? It’s a concern you share with probably a lot of other Americans caught in sticky financial situations, which is unfortunate because often title pawns are exactly what you, and they, need to help them recover their financial health.

For those not already in the know, title pawns are a type of fast, short term loan that uses the value of your car to secure the amount of your loan. Because of their structure, they’re much more accepting of all types of credit than other institutions and in the state of Alabama may be able to loan you up to $15,000 depending on the condition and value of your car.

You Don’t Need Much

In contrast to traditional loans, title pawns require very little in the way of paperwork or background checks. For your loan you’ll only need three things:

  • A state-issued I.D. This usually takes the form of a driver’s license, but could also be something like a passport (if for some reason you have that more readily available). The statue I.D. is there simply to make sure you are who you say you are.
  • The lien-free title to your vehicle. Lien-free simply means that there are no prior loans on it or that anyone else has any prior claim to it. If the title has a second person on it, that person will have to accompany you and consent to the title pawn.
  • The car you intend to take the title pawn out on. When you arrive a representative will give it a quick check over and determine its overall worth, quality, and value.

They’re Versatile

One of the key advantages title pawns have over traditional loans is that you don’t have to state out your intention of how you plan on spending the money or pledge to use it for a specific cause. This allows you maximum freedom in choosing how and when to use your money in an unfettered and versatile way.

Need to use the title pawn to buy food? Pay off a hospital bill? Pay rent? All are equally valid uses that are entirely within your reach after getting a title pawn. Title pawns put you in the driver’s seat and understand that you are the only person who can fully judge and understand the challenges you face best.

You Can Start the Process Online

While the title pawn process can’t be completed online, it can be started from the convenience of your home, which is another reason getting one is so easy. For example, here at Alabama Title Loans Inc. you simply have to navigate to the top of the page where you’ll find our simple online form. After you fill it out you’ll be quickly contacted by one of our sales representatives who will answer any questions you may have and walk you through what the rest of the title pawn process will look like.

This online availability is a huge upside of a title pawn. More and more of our life is digital, and being able to talk to someone immediately about the pros and cons of title pawns simply can’t be overstated. Getting a title pawn has never been easier.

Why Speed is Important

Now that we’ve seen how easy it can be to get a title pawn, another question rises to mind: why? And it’s a good question. Why are title pawns so fast and convenient? The answer is they’re deliberately designed to be because often speed is of huge importance in dealing with financial emergencies.

In an emergency, a difference of just a few hours can radically alter the outcome for the worse: an emergency room visit put off until the last minute or a car sent to a cheaper mechanic, for example. Think of it like this: would you wait hours to bandage your arm after a serious cut, or would you try to do it immediately? Financial emergencies should be handled the same way, before all the metaphorical blood has been lost.

 

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Often in an emergency convenience is also key because you’ll already be struck by the stress of the situation, and under stress we humans tend to make mistakes. It’s only natural and to be expected, but we should also do all we can to destress a situation before having to make important, long term, and potentially life-altering decisions. A title pawn can alleviate at least a little of that stress and help you make clear-headed decisions.