How You Can Pawn Your Car And Keep It When You Get A Title Pawn
When applying for a title pawn for the first time, many people are worried about inability to use their vehicles and move around freely, as before. Although this is a valid concern, you shouldn’t worry about it. There are ways that you can get a title pawn and keep your car while paying off your loan.
To learn how to pawn your car and keep it, go on reading. This article fully explains how to pawn your car and keep it throughout the entire repayment process. Scroll down for more.
Can I Keep My Car When I Get A Title Pawn?
Whether or not you get to keep your car after you pawn it depends entirely on you. Ideally, you should be able to pawn your car and keep it throughout the entire process. That way, you still get to drive and use your car as usual even after you have pawned it.
However, there is one instance when you may not be able to keep your car after you have pawned it. If you ignore the terms of the agreement and do not make your title pawn payments as agreed, your vehicle may be subject to confiscation. But those who are responsible individuals and like following rules have nothing to worry about.
Since you only get to keep your car if you follow the payment plan and meet your payments, it’s imperative to keep paying off the loan. If you do this, you will get to keep your car from the moment you first pawn it to the day you finally pay off the loan entirely.
How To Pawn Your Car And Keep It
As you can see from above, the secret for how to pawn your car and keep it is to pay off your loan. As long as you meet the minimum for each payment, you don’t have to worry about your car being taken away from you. Instead, you get to keep your car at home and drive it as usual. Here are some tips to ensure that you pay off your loan so that you get to keep your car after it has been pawned:
1. Create A Budget
It’s important that you factor in your car title pawn payments into your new budget. That way, you are able to pay back the loan one month at a time. This ensures that you aren’t short of money and at risk of your car being taken away.
2. Put Due Dates In Your Agenda
It’s easy to accidentally miss a due date simply by forgetting when it’s due or not realizing what day it is. Make sure to put down all due dates in your agenda. Put the due dates in multiple agendas, such as a physical planner and the calendar on your phone. Set up alerts as well so that you are alerted when the due date is approaching.
3. Set Automatic Payments
Automatic payments are a win-win when it comes to paying off title pawns. By connecting the bank account to your title pawn account, you will allow money to be pulled back directly from your bank account on or before the due, dates which will help you avoid late payment fees.
Some people prefer linking their credit or debit cards (instead of the bank accounts) to the title pawn account. This method of paying off may be risky at times – in case your card is stolen, and you need to deactivate it immediately, your title pawn payment will bounce off, and you may wind up being late with your payment.
What Are The Title Pawn Benefits?
All Credit Welcome
One of the major benefits of getting a title pawn is that all credit types are welcome. Here, at Alabama Title Loans, Inc., everybody is welcome to apply for a title pawn, regardless of their credit score. If you have good credit, bad credit, or no credit at all, you are welcome to apply.
The Process Is Fast
Another benefit of applying for a title pawn is that the process is very fast. In fact, the process can take as little as 30 minutes at Alabama Title Loans, Inc. This allows you to get the money you need quickly.
No Income Requirements
While getting a loan from other financial institutions may require you to meet minimum income requirements, it works differently with title pawns at Alabama Title Loans, Inc. In fact, you won’t event need to provide the proof of income to be eligible – that’s how easy it is to qualify.
Get Your Title Pawn Today!
Now that you know how to pawn your car and keep it, you can apply for a title pawn with Alabama Title Loans, Inc. If you are short on time, you can even begin the process now. By filling out our title pawn online form, you get to kickstart the process right now, allowing you to get the money you need as soon as possible. We look forward to getting your form and we will contact you shortly.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.