Who Can Get Title Pawns In Thomasville, AL?
Borrowing money is always an option during rough financial times, but you might be wondering who can feasibly get title pawns in Thomasville, AL. Here’s how Thomasville title pawns work and who can get them.
Title pawns are intended for those who own their car outright, with no liens or judgments against the title. As such, if you have full legal ownership of your car, as well as your government-issued photo ID, then you’re all set to apply for a pawn.
Now that you know who’s able to get title pawns in Thomasville, AL, let’s take a closer look at how the loan process works when you might want to use one, and how you can get started online today!
What Are Title Pawns?
Much like other lending options, title pawns in Thomasville, AL offer you a lump sum of money to be used how you see fit. We recommend you use it for emergencies, of course. Unlike other types of loans, title pawns in Thomasville, AL are secured, meaning that you need to put up collateral in order to take out one of these pawns.
In this case, the security in the loan is your car title, which the lender will keep for the duration of the pawn, returning it to you once it’s paid off in full. You can continue driving as you would normally and use your car during this time.
Who Are Title Pawns Meant For?
Title pawns are available to anyone who meets the qualification requirements. In general, if you have a lien-free car title, you’re eligible to apply for a pawn. Of course, that doesn’t mean everyone should get a title pawn. They are situational financial resources that are meant to provide short-term relief for those struggling with a financial emergency.
For example, if you have urgent home repairs to conduct, it’s probably not wise to tempt fate and leave the repairs unattended for long.
If you don’t have the money to cover expensive repairs, then you might consider taking out a title pawn to cover those costs. In this sense, title pawns in Thomasville, AL are intended for those who need large sums of urgent cash for major repairs, bills, or expenses.
How Do Title Pawns Differ From Other Loan Options?
Title pawns in Thomasville, AL differ from other types of loans in that they are generally used by people who need larger amounts of cash. The security in the pawn via your car title is important here, since it mitigates a lot of risks undertaken by the lender, allowing them to issue larger borrow amounts—dependent on the value of your car, that is.
Installment loans, by comparison, are generally issued in smaller amounts because there’s no collateral, and they need to be paid off in installments. Payday loans are for very short-term bills and only go up to around $500.
All that to say, title pawns are a valuable resource if you need a large amount of urgent money. Our customers tend to use them for the following:
- Urgent medical expenses
- Business travel costs
- Costly home or auto repairs
- Other major expenses
What Do I Need To Get Title Pawns?
Title pawns are accessible to anyone who is approved by Alabama Title Loans, Inc. To meet the approval standards, you will need to make sure you have the following simple title pawn requirements:
- Driver’s license or state-issued ID
- Lien-free car title
- Your vehicle for inspection
Of these three, it’s important to recognize the importance of a lien-free car title. Remember, your title serves as collateral for the pawn, and if there’s a lien—a legal claim against your title—it doesn’t hold any weight when used as security. As such, a car title with a lien on it is a nonstarter for lending money.
The Simple Application Process
To see if you qualify, follow these simple steps to get started:
- Fill out the online form provided via the website.
- Wait for a loan associate to contact you; during the call, you can schedule an appointment at a location you choose.
- Meet with the representative, bringing along your necessary items.
- If approved, leave with your money that same day or the subsequent business day.
Fill Out The Online Form Today!
It’s easy to get caught up wondering who can get title pawns in Thomasville, AL, but the bottom line is that if you have a lien-free title and ID, you’re ready to get started. Thomasville title pawns are directed toward people who are experiencing a financial emergency and need additional resources to help them get back on track.
If that sounds like the right option to you, then all you need to do to see if you qualify is complete the online form and get in touch with an Alabama Title Loans, Inc. associate 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.