getting a vehicle title pawn

Everything to Know About Getting a Vehicle Title Loan

Sometimes, life hands us lemons and we don’t have enough cash flow to make lemonade. If you need cash fast and have a lien-free vehicle, a vehicle title loan – called a vehicle title pawn in Alabama – may be the solution you are looking for.

The Advantages Of A Vehicle Title Loan

There are many advantages to getting a title loan. The first and most important is that you can receive instant cash, ranging from $300 to $15,000. When life sends us emergencies, a title loan may be a great solution if you own a car.

These loans have a low processing time and do not come with many requirements. You can apply in as little as 30 minutes and receive the cash the same day with just your car ownership documents. You do not need a guarantor or a good credit score. Anyone can apply regardless of their financial history. That means whether you have good, bad, or nonexistent credit, your application will be reviewed and considered on equal footing with everyone else.

A common myth is if that you receive a title pawn, your car gets confiscated, but that is not the case at Alabama Title Loans, Inc. You can receive the loan and still retain use of your car.

Most lenders also have a reasonable billing schedule. You can borrow quickly and easily repay the loan, avoiding inconvenience or hassle.

Who Is Eligible For A Title Loan?

To be eligible for a title loan, you must be 18 years or older and provide proof documents that confirm you own your vehicle outright. Your government-issued ID must match the identity on the vehicle validation documents. Some companies also require borrowers to provide proof of income to prove they can repay the loan in full.  

At Alabama Title Loans, Inc., eligibility is easy. You must be 18 years or older, own a vehicle with a clear title, and have a valid photo ID.

man giving thumbs up for title loan eligibility

Why Get A Vehicle Title Pawn?

Sometimes life takes unexpected financial turns. Some great reasons to rely on a vehicle title loan include emergencies such as home and auto repairs, medical bills, or unexpected important travel. These loans can also be used to pay rent, utility bills, and other bills you may struggle to afford during the month.

This loan should not be used for shopping, business reasons, or trivial matters.

How To Get A Title Pawn

Getting a title pawn is quick and easy. If you own a vehicle and have the proper documents, just follow these simple steps.

1.    Fill Out An Application

The first step to getting a title pawn is filling out an application that only requires your basic information. Most companies, such as Alabama Title Loans, Inc., have a simple online form on their website. In some instances, you can call or visit a store in person.

2.    Wait For The Call

Once you have submitted an online form, all you have to do is wait to receive a call from our friendly loan representative located at a location near you.

3.    Gather The Necessary Documents

Make sure you have all the necessary documents. You will need your driver’s license or state-issued ID and the lien-free title to your vehicle.

4.    Meet With A Representative

The next step is to meet with one of our representatives so they can conduct a quick inspection of your vehicle. They will also examine your title and ID to determine if you qualify for a vehicle title loan.

Many lenders will require you to come to their location, but Alabama Title Loans, Inc. puts the customer first and can come to you if it’s easier. During your initial phone call with the representative, you can decide if you would rather come to the store or pick a location of your choosing and have the loan representative meet you there. That means if you only have time for a 15-minute break from work, you can schedule one of our loan representatives to come to visit you at your place of business and inspect the vehicle right in the parking lot. That convenience is a key part of what makes title loans a great choice.

5.    Receive Your Money         

If you receive approval for a vehicle title pawn, you can receive money that same day or the following business day.

At Alabama Title Loans, Inc., the entire process can be completed in only 30 minutes.

woman holding title pawn cash out

Get Your Title Pawn Today!

Don’t let emergencies leave you lost or helpless. If you have a lien-free vehicle title and need emergency cash quickly, apply for help with a vehicle title loan through Alabama Title Loans, Inc. Get started with the online inquiry form on our homepage and receive the assistance you need 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.

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.