On the Fence About a Title Pawn? Here are 3 Reasons to Consider It
May 12, 2020 | Daniel Dewitt
Any kind of loan is a nerve-wracking thing to embark on. By its very nature, you’re making a promise to pay back the money without knowing exactly what your future holds. But while these fears are normal, they shouldn't stop you from getting a loan if you need one. Loans are simply too powerful an economic tool to ignore.
Used correctly, a loan can completely shift your financial future into high gear. Title pawns in Alabama are an especially effective form of that because they’re fast and convenient and are accepting of all forms of credit. They’re able to do this because they use the value of your car to anchor and cover the total amount of your loan.
So why should you take out a title pawn? Why take the plunge? What makes them such an effective tool? That’s what we’re here to answer today.
They’re Accepting of All Kind of Credit
As mentioned before, because you’re putting your car on the line to secure your loan, title pawns in Alabama are able to be more accepting of various types of credit scores than a traditional lending institution.
This is an incredibly useful characteristic because credit scores already rule too much of our life. From credit card rates to mortgages to tinder matches (ok, maybe not that one), a good credit score can either lift your life into an upwards trajectory or conversely shove it down into the mud repeatedly. A title pawn gives you a way of breaking out of that dichotomy and taking control of your own finances and future.
The speed with which you can get a title pawn in Alabama is often underestimated simply because it seems implausible from the outside: often within a half hour of stepping into a title pawn store you can be stepping out with cash in hand.
There’s a few factors that enable this kind of speed. First, the process can be started online (in our case, just fill out the form at the top of the page to receive a quick call from a sales representative). Second, you’ll only need three items to complete the process: a state issued I.D. like a driver’s license, the lien-free title of the car you intend to take the pawn out on, and the car itself. Thirdly, and finally, it’s because of the many, many convenient title pawn stores out there.
The speed with which you can obtain a title pawn is important because in emergency situations they’re an immediate form of financial aid. Most Americans simply don’t have the savings to weather more than a $400 emergency, much less a hospital bill or sudden job loss. When you’re in an emergency you need cash, you need it fast, and you don’t want to have to spend a lot of time thinking and agonizing over how you’re going to get it.
They Prevent Emergencies
Speaking of how debilitating an emergency can be, one of the other strengths of a title pawn is that if used correctly, they can actually prevent and forestall emergencies before they erupt.
How is that possible? Aren’t emergencies, by definition things that are impossible to predict? Well, yes and no. While often when they happen is unexpected, in the greater sine wave of life it is predictable that they will happen at some point. And the truth is that often emergencies erupt from situations that we don’t maintain properly.
A cavity is a good example. If you brush your teeth every day and go in for regular dental cleanings you’re far less likely to develop any than if you never do those things. Another good example is keeping your roof clear of dead leaves and detritus is a good way to ensure that mold and mildew don’t lead to rot that can cost you thousands to repair when it spreads to structural support beams.
Often just a little effort now in preventing problems can save you a massive amount in the future when whatever you didn’t maintain requires repair. Just as often though, we’re simply not equipped with the resources to prevent future emergencies because, as the old adage goes, it takes money to make money. Dental cleanings, to return to our previous example for a moment, aren’t cheap.
This is where title pawns in Alabama come in. They can give you the resources and cash to nip problems in the bud before they cost you thousands of dollars down the road.