Title pawns are a type of emergency cash loan that allow Alabama drivers to pawn their car titles to receive money to pay for financial emergencies. However, there are requirements Alabama drivers must meet to get approved for a title pawn, and one of those is the title pawn age requirement in Alabama of 18 years old.

In this guide from Alabama Title Loans, Inc., we will explain why 18 is the minimum age for a title pawn and why other title pawn requirements exist. Learn all the requirements you need to meet to get approved for emergency cash through an Alabama title pawn today.

Why Is 18 The Minimum Age For Title Pawns In Alabama?

Alabama regulations have established that 18 is the minimum age for title pawns. This is because 18 is the legal age of the majority, meaning that people over 18 are considered adults who are legally responsible for their actions.

Taking out a title pawn is a major decision and should only be done by someone who can be trusted to handle it responsibly. People over the age of 18 are considered adults who are more mature and responsible in their decision-making, which makes them more likely to handle getting a title pawn well than someone under the age of 18.

What Happens If You Lie About Your Age On A Title Pawn Application?

Some people who cannot get a loan due to age restrictions for title pawns may be tempted to lie about their age on their application. This will not go very far, as loan lenders like Alabama Title Loans, Inc. check borrowers’ driver’s licenses or other IDs. They’ll see their birthday and be able to verify that they are not at least 18.

Lying about your age on a title pawn application can have serious consequences. Your application will be denied, and the loan lender may prevent you from getting a title pawn even when you do meet the age requirements. Lying on a loan application is considered fraud, so you may also receive criminal charges.

Can A Minor Co-Sign On A Title Pawn?

No, minors are legally unable to enter loan agreements. You must be a legal adult to apply for a title pawn or any other type of loan. Even if you have a legal adult to co-sign the title pawn contract, it’s still not allowed in Alabama because failing to repay the loan can affect the minor.

Minors are not allowed to enter loan agreements because they are not viewed as mature enough to handle the potential risks of defaulting on the loan. Even with an adult co-signer, a minor cannot take even partial legal responsibility for a title pawn.

Can You Get Other Emergency Cash Loans Under 18?

Some minors may wonder if they can get other emergency cash loans when they are younger than 18, such as payday loans. The same rules apply for all emergency cash loans in Alabama: you must be at least 18 years old to get approved.

Minors cannot accept legal responsibility for loans in Alabama, so they cannot get approved for title pawns, payday loans, bank loans, or any other type of loan.

What Are The Other Requirements For Alabama Title Pawns?

If you meet the title pawn age requirement in Alabama, you now only have to worry about the required items you need to get approved. At Alabama Title Loans, Inc., we only require borrowers to have a few items to get approved for a title pawn.

Borrowers must have fully paid off their vehicles and have a clear car title without outstanding liens or judgments, as that allows us to place a lien on their title to process the loan. Alabama title pawn borrowers must also be able to prove their identity and have a vehicle that can be assessed to determine title pawn value.

The following are the required items you need for an Alabama title pawn:

• Your driver’s license or other state-issued photo ID
• A lien-free car title in your name
• Your vehicle for a quick inspection

It’s important to note that title pawns do not have a credit requirement. Using your car title as collateral allows you to borrow money through a title pawn without needing to prove your creditworthiness. You can get approved for a title pawn with bad credit or no credit at all at Alabama Title Pawns, Inc.

Practicing Responsible Borrowing With Alabama Title Pawns

One of the reasons there are age restrictions for title pawns is to wait for people to grow more financially responsible before giving out major cash. As a legal adult who can get an Alabama title pawn, you should practice responsible borrowing by only getting a title pawn for a financial emergency.

It would be best if you only borrowed emergency cash through a title pawn when you need it for necessary expenses you cannot afford. You shouldn’t borrow money for luxury purchases, like a new car when you have one that works fine.

The following are some emergency expenses that may require a title pawn:

• Overdue rent
• Unplanned expenses
• Costly home or auto repairs
• Medical bills
• Business travel
• Unexpected veterinarian bills

You can also practice responsible borrowing by only seeking the money you need. Title pawns can provide up to $15,000 in emergency cash, but most don’t need that much. By borrowing only what you need, you can reduce the temptation to use leftover cash for luxuries, and you can make the repayment process easier.

The Process For Getting Approved For An Alabama Title Pawn

Alabama Title Loans Inc. strives to make your application process simple, clear, and concise. Faster approval allows borrowers to get their emergency funds quicker, allowing them to pay for their urgent expenses on time. As long as you are the minimum age for a title pawn, you should have no problem completing the easy steps and getting approved.

Here’s a quick breakdown of what to do to get approved for an Alabama title pawn:

1. Fill out our online form or call us directly - Completing the form gives us some basic info about you and your car that we can use to estimate what you can take out on your loan.
2. Wait for a representative to call – A loan representative will call you to discuss your information and answer any questions you have about title pawns. On the phone, the representative will also schedule an in-person meeting to verify your requirements and inspect your vehicle. This meeting can be at a convenient location for you, such as your home, office, or an Alabama store location.
3. Bring your required items—Bring your necessary items to the in-person meeting, and the associate will verify them. They will also inspect your vehicle to determine your loan value. This process can take less than 30 minutes.
4. Get approval—If you’re approved, you’ll receive your money that day or the next business day. You even get to leave with your car!

Get An Alabama Title Pawn With Alabama Title Loans, Inc. Today!

The minimum age for a title pawn in Alabama is 18. If you face emergency expenses and are above 18, you can get a title pawn with Alabama Title Loans, Inc. to pay for your financial emergency. We help Alabama borrowers by keeping the title pawn approval process fast and simple, allowing you to borrow funds to afford necessary expenses quickly.

Start the process with Alabama Title Loans, Inc. today by filling out our online form with your basic information. A loan agent will receive your information and call you to discuss the next steps in getting an Alabama title pawn.

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