car title loan payday loan alternative

Searching For A Payday Loan Alternative? Try A Title Pawn

A payday loan allows you to borrow small dollar amounts to fund emergencies. Whereas a title pawn, allows you to borrow much larger amounts to cover bigger emergencies. 

In this article, we are exploring the ins and outs of a payday loan alternative so you can decide whether it's the right solution for you and your circumstances. 

title pawn cash and car title

A title pawn is a payday loan alternative that allows you to borrow much larger sums of money than other lending types.

Like payday loans, you don't need to worry about your credit score when getting title pawns. Instead, we use the value of your vehicle to establish how much money we can offer you. 

Depending on your vehicle's worth, you can borrow between $300 and $15,000 to fund emergencies like:

  • Home repairs, including leaky roofs, broken front doors, and burst pipes
  • Other vehicle repairs like transmission replacements and tire changes
  • Medical bills that were mostly or entirely unexpected 
  • Health insurance or other insurance deductibles
  • Out-of-hours veterinary fees for your furry friends
  • Urgent travel costs like same-day flights back home to deal with a family crisis

We assess the value of your vehicle by considering the following factors:

  • Age — The older your car, the less it's worth. Of course, this doesn't apply to classic vehicles, which can be worth more than their modern friends. 
  • Odometer reading — Generally speaking, the higher your mileage, the less your vehicle is worth. But we consider the odometer reading in line with the car's age to decide whether it has high mileage. Average mileage is between 10,000 and 12,000 miles per year.
  • Make and model — Premium makes and models come with higher price tags and, therefore, are worth more than run-of-the-mill vehicles. 
  • Condition — We pay close attention to your car's mechanical and cosmetic condition. Bumps, scrapes, and even stained interiors can impact its worth. 
  • Modifications — While you may adore the spoiler, custom paint job, and decals, others probably won't. The best way to ensure maximum value is to remove customizations before attempting to get a title pawn. 

What Do You Need To Get This Payday Loan Alternative?

To get a title pawn from us at Alabama Title Loans, Inc., you only need these three things:

  • Identification — We suggest using your driver's license. However, you can use your passport, military and military dependent's ID card, or another type of identification that displays your date of birth, full name, and a portrait photograph.
  • Lien-free title — We can only accept lien-free titles because we place a lien on your title to secure the title pawn, and we can't do that if there's already a lien in place. 
  • Vehicle — We accept cars, trucks, or vans only. Please don't try to get a title pawn with a motorcycle, RV, trailer, tractor, or boat. 

How To Get Title Pawns From Alabama Title Loans, Inc. 

girl getting fast title pawn cash

Once you have gathered the documents above, all you need to do is follow the steps below to get your hands on this simple payday loan alternative:

  1. Complete the online form found on this website. It should only take you five minutes since we only ask for your basic information. 
  2. We will give you a call as soon as we receive your information to discuss our title pawns in depth to ensure you understand everything. Don't be afraid to ask us any questions; our representatives know the loans inside and out. At this stage, you'll also set a meeting location. While you can come to your local branch, we can also visit you at your home or workplace. 
  3. Wherever you decide to meet us, make sure you have all the requirements ready to go. 
  4. We will look at your documents and assess the value of your vehicle to establish the amount of money you can qualify for with this payday loan alternative. 
  5. If you are satisfied with the amount, sign the documents in the correct places (we'll show you where to sign). 
  6. Finally, we release the funds, and you receive the money you need within 24 hours. Mostly, we endeavor to release the money on the same day as you apply, but this really depends on the time of day. 

Get Your Payday Loan Alternative Today!

Title pawns are a payday loan alternative that allows you to borrow larger dollar amounts, depending on the value of your vehicle. How is this done? As stated earlier, we assess its worth by considering the vehicle’s age, make and model, mileage, condition, and modifications. 

If you need to fund an emergency like medical bills, veterinary fees, or home repairs, complete our online form right now, and you can borrow between $300 and $15,000 in less than 24 hours!

Get started now, and one of our representatives will give you a call as soon as they receive your information. 

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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.