Getting a title pawn with Alabama Title Loans, Inc. is fast and easy in Mobile, Alabama, or the surrounding areas. There are a few simple requirements and steps to follow to be approved for a title pawn.

You may find yourself in a difficult financial situation right now, whether due to the current instability in the post-pandemic economy or because some urgent and unexpected costs have arisen in your life.

If this is the case, one of your options could be finding a title pawn near you in Mobile, Alabama. If so - and if you’re searching for “title pawns Mobile, AL,” looking for title pawns, read on. In this article, we will take you through getting a title pawn and what you need to apply for and hopefully be approved for. 

How Can I Get Title Pawns In Mobile, AL, With Just A Few Requirements?

1. Identification

To begin with, if you're searching "title loans Mobile, AL and looking for car title pawns, one of the most important requirements - so important that, without these, you won’t even be able to apply for a loan - is having the right documents to get a car title pawn. 

These documents are your driver’s license or state-issued photo ID and a lien-free title to your vehicle. Without these documents, you won’t be able to apply for a loan, let alone be considered for approval.

Identification is essential to getting a car title pawn; it shows that you are who you say you are, which lenders need proof of. So, if you have these documents, you’re on your way to getting a title pawn in your area. 

2. A Lien-Free Title

Let’s begin by explaining precisely what a lien-free car title is. This type of car title shows that you own your car without loans, debts, or anything else attached. It is an essential requirement as you must use it as collateral for this type of loan.

When you secure your loan, the company will put a lien on your car title, and they cannot do this if your car title already has a lien on it. As the name suggests, your lien-free car title plays a significant role in car title pawns!

Without a lien-free car title, you can’t get a car title pawn, as this type of loan stipulates that you must use the lien-free title to your car as collateral. It’s important to note that the lien-free car title should be in your name to secure a car title pawn with your lien-free title. Therefore, it’s clear that your lien-free car title plays a significant role in getting a title pawn. 

3. Your Vehicle

The value of your car also plays a big part in your title pawn eligibility; the general rule is that you can borrow between 25 and 50% of your car’s value. If you’re looking to get a car title pawn soon, it may be worth getting your car valued by a few professionals to get an average valuation.

This way, you’ll have realistic expectations for your borrowing power. While your lien-free title secures the loan, your vehicle impacts how much you can borrow. The make, model, and condition significantly affect your loan amount.

Does My Credit Score Play A Significant Role?

It is important to note that, as with most loans and pawns available, with car title pawns, your credit score is still factored into the approval decision, and your chosen title pawn company will still check your credit score.

However, with car title pawns, your credit score doesn’t play as significant a role in the decision process as other loans. This is because you will be using your lien-free car title as collateral, which means you are less of a risk to the lender. 

For this reason, car title pawns can be an option for those with lower credit scores - but it’s always important to check if a company has a minimum credit score required for their title pawn before you apply. 

How Can I Find A Title Pawn Near Me?

Once you’ve understood all this and got everything you need for the title pawn into place, you may still be searching up things like “title loans Mobile, AL” to find a car title pawn near me. 

This is a good way of doing things, as from your online research, you can create a shortlist from which you can weigh up the pros and cons of each pawn and lender, so you can decide which pawn to apply for. 

Alabama Title Loans, Inc.

If you’re in the Alabama area and searching for “title loans Mobile, AL”, it’s time to look at Alabama Title Loans, Inc. for help. With our title pawns, all you need to do is fill out the online form on our website, and a loan representative will call you to discuss the loan and your requirements. You can then arrange to visit the store with your car and documents, or an agent or representative can meet you at your place of choice. 

They’ll then do a quick valuation of your car and look at your documents before they review everything and make a loan decision. If approved, you will receive the money on the same or the next business day. The process is quick and can take as little as 30 minutes.

Get Your Mobile, AL, Title Pawn Today!

So, if you meet the requirements above and are searching for things like “title pawns Mobile, AL” looking for a car title pawn, check out Alabama Title Loans Inc. right now! Our easy and hassle-free title pawn process is fast, with the in-person portion usually taking up to 30 minutes. If you’re facing a financial emergency and need quick cash, fill out our online inquiry form 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.