What is a title loan/title pawn?
A title loan/ title pawn is an easy, fast and convenient way to access credit using your car as collateral. People who own their cars without any liens can borrow cash in this way against the title of their car. This allows them to solve temporary cash problems without having to sell their car or any other asset.
What in case of bad credit?
Bad credit is generally not an issue with title transactions. Most Atlanta companies will not even ask you about your credit history. Moreover, when you apply for a title transaction, your credit rating will not be affected by this. In fact, even it comes to be known that you have a history of filing for bankruptcy protection, you can still get short-time cash against a clean title of your car.
How do I know if I am eligible?
You just need to have a free and clear title, without any liens and you are eligible for getting the cash. The companies will appraise your vehicle and will evaluate your repay abilities and will, in a space of 15-20 minutes, let you know how much cash you are fit to borrow.
How much can I borrow?
The cash advance range generally stretches from $100 to $100,000. Again, the amount available will depend on the applicant’s ability to repay and his vehicle appraisal.
How long it will take before I get the cash in hand?
The whole process generally takes very little time. If you bring along all the required items necessary to complete the transaction, the companies are known to finish the transaction within a matter of half an hour. That means, 30 minutes from the time you walk in, you will have the cash in your hand.
Does the title have to be in my name?
The title is only a pledge that you will pay back the borrowed amount. As soon as you pay back the amount due on your account, your title will be handed back to you. This is completely safe, so you do not need to worry about a thing.
When do I get my title back?
A title loan/ title pawn is an easy, fast and convenient way to access credit using your car as collateral. People who own their cars without any liens can borrow cash in this way against the title of their car. This allows them to solve temporary cash problems without having to sell their car or any other asset.
Why get cash from a title pawnbroker?
Since a title transaction is based on collateral and not credit, it allows you to get over your temporary monetary situations without your needing to sell any of your assets. You get the cash against the value of your car which means that you get the required cash and do not need to give up the use of your car either.
For more Title Loans Atlanta FAQ, visit the title pawnbrokers’ company websites.