If you are interested in the cart title loan industry, you should learn many things about it. You cannot just rely on the attractive marketing campaigns of any car title lending companies. Of course, as a wise customer, you have the foreknowledge that they will not put anything unimpressive in their ads. Deciding to dig in deeper to the world of title pawn loans can be very tedious. There are wide array of concepts that you need to take into account. Now that you are reading this article, you are in for a huge learning. This page may not give you all but you will surely find everything in this article worth noting. Without further ado, here are some car title loan essentials you should know:
Agreement Warnings and Notices
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Every agreement for this matter must have the following notices included. It may not be the same exact words but the idea should be the same. Take note of these notices before signing your loan agreement:
- This loan offers a particular interest rate. You may consider other available loan costs with lower interest rates.
- This is a car title loan. Loan proceeds that you will receive are designed to suit your immediate financial needs. This is not designed to suit your long-term cash needs.
- When you use this loan option, you should ask for the smallest amount necessary to suit your immediate cash needs. You must repay your loan in the earliest time possible to lower interest charges.
- You are required to repay the principal as well as the interest on your loan in substantially equal instalments. You must try your best to pay more towards the principal balance every month. This will allow you to save money.
- You are promising your car as your loan collateral. If the event that you fail to comply with the loan repayment agreement, the loan company y has the right to repossess your vehicle.
- You have the opportunity to withdraw your loan without further obligation or cost if you will return the loan amount (in cash or in the original check), on or before the closing of the business day, following the agreement execution.
- You have limited default liability under the loan company that subjects you to the loss of your car, unless you hide or intentionally damaged you vehicle, or impair the security of the lending company by pledging the car to the 3rd party, or pledging a car that is subject to any existing lien.
- If your vehicle is being sold because of your default, you’ll be eligible to any and all surplus gained at such particular sale beyond the agreed loan together with any and all justifiable sale and recovery costs.
How Much Are You Allowed To Borrow?
Your lending company assigns the amount of money that will be granted for your car title pawn loan. It is to your decision whether or not to take the allowable value. As a general rule, your principal loan amount cannot be more than 50% of your vehicle’s total loan value. You cannot blame the car title pawn lending company for this. Giving you a loan that is more than such amount is a defilement of the existing law, and thus, subjecting the lending company to certain legal actions.
There are still a lot of things to know about car title loans. This is a good start for you. Call Atlanta Title Pawn and pair up with the trustworthy car title loan provider.
More ideas in All About Car Title Pawn
Do you need fast money but hindered by a bad credit standing? If this is the case, you might a car title pawn. This is one of the best ways to have fast money on your hands without worrying about your credit score. Why? This is simply because car title pawn does not include checking of your credit reports as well as verification of your income. When you talk about the number one company to pawn car titles throughout Atlanta, you are talking about the Atlanta Title Pawn. But how can you say that this company is truly the best if you do not know anything about the world of car title pawn? Continue reading the next paragraphs and know more about this type of pawn platform.
What is a Car Title Pawn?
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The principle in car title pawn is basically similar to what most pawn shops do – to trade a particular valuable in exchange of money. Unlike such pawn shops, however, there is no valuable required in a car title pawn other than the clear title of a car and a valid I.D. With these minimal requirements, a client may be qualified for an application and eventually be approved and take home the money he/she wishes to borrow. Of course, the amount of cash that one will be granted of will depend on the approval of the title pawn company.
Aside from the main valuable that should be pawned, car title pawn differs from jewellery pawn in terms of after-pawn results. In a jewellery pawn shop, you will be given the money that is worth your jewellery but you will no longer have the privilege to use your item. Your valuable will be under the custody of the pawn shop within agreed duration. You will only get your jewellery once you have paid your loan before the payment duration expires. For example, if you are under a six-month repayment period, you can only claim the item that is in the pawn shop when you have fully paid the money you owed including its interests within six months. Failure to do so will result to forfeiture of your items.
While it is true that there is such a thing as car title forfeiture in a car title pawn, custody of the pawned item is different. In a car title pawn, your car will not be taken by the pawn institution. You will just have to present a clear title of your own car and that may be enough. Once you pass a pawn company’s criteria, you will be given the money as early as possible, plus, enjoy the privilege of still using your car. Yes. You may take both the money and your car after a successful car title pawn transaction. People around you would never think that you are currently experiencing a financial struggle because your valuable is still with you.
How Does a Car Title Pawn Work?
In this type of financial assistance program, a lending company of your choice will assess your car’s price based on its wholesale values. This will be the basis of your loan grant. Basically, if your car is of high market price and is still relatively new, you are more likely to be given higher amount of cash to borrow. This will depend on the evaluation of a company’s professional appraiser. When you have already been granted with your loan, the counting of your payment period will then start rolling. Usually, it starts a day after the release of your loan. The car title pawn company then holds the title of your car (not the car), until you’ve paid your loan.
Who Qualifies in a Car Title Pawn?
Anyone who has a car and a clear title of it can be qualified in this type of loan program. Bear in mind, however, that your car’s title must be “clear”. Having a clear car title means that it should not have any issues under any other entities. For example, if you are a person who is still under an existing car loan, the title of your car is still under the authority of your bank. For this reason, your car title will not be considered clear; therefore, you cannot use that as collateral for a car title pawn. In addition to this, other car title pawn companies require ID’s issued by the government as well as additional identification documents. So, if you are planning to get a car title pawn, make sure that you fulfil these requirements.
Now that you know about car title pawn, the next thing to do is to pair up with the best one. Contact Atlanta Title Pawn today and discover why it’s the best.
Understanding more about title pawn in Important Considerations Before Getting a Car Title Pawn
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Are you in need of instant money or some demanding reasons? Are you considering a car title pawn as a solution to your problem? If your answer to these questions is ‘yes’, you should know more about this type of financial assistance. Why not? After all, a lot of people have already been helped by car title pawn institutions. You too can be one of them. But not too fast there at getting a car title pawn, buddy. Like any other actions, there are certain things that you have to take into consideration before getting such. Having them in mind will allow you to take advantage of what this kind of lending platform has in stored for you. Continue reading.
1. Distinguishing “Need” from “Want”
This is a basic consideration in almost everything. The same idea goes with a plan to get a car title pawn. A choice can make or break a good result. Ask yourself, “do I really need money for a very important purpose, or do I just want it for the purpose of satisfying myself with something that I want to buy?” Whether or not you will agree with this, needs should have greater weight than wants. Remember that you are putting your car’s title on the line. You might be able to purchase a smartphone through the money you borrowed from a car title pawn but end up losing your car once you fail to pay within the agreed period. Be a wise consumer.
2. Be Sure That You Have Money to Pay for Your Loan
Loans are meant to be paid. You may not have the cash to pay at this moment but make sure that you are anticipating money before your payment due expires. This can be in a form of salary, work incentives, pension, or any other sure sources of income. Do not rely on something that has uncertainty such as payment of your officemate’s debt to you or an approval from another loan application. These things might leave you hanging. When the time comes that your car title pawn payment duration ends, you might not be granted for an extension appeal.
3. Conduct Some Research About a Car Title Pawn Loan Provider
There are lots of lending companies out there. Of course, you do not want to end up with the wrong one. There is no better way to find out which one is the best one than to do some digging. Even if you are in a tight financial situation, do not forget to do some necessary research about the kind of car title pawn company you prospect, its reputation in the industry, its terms and conditions, and many other relevant aspects. It is not very difficult to do it nowadays anyway. Aside from asking other people who have experiences from a lending company, online reviews may also help you validate its reliability. Doing this will enable you to pick the right one.
As being mentioned earlier, choosing the best car title pawn group can be very tricky. Do not be deceived. Entrust your car title into the right one. Choose Atlanta Car Title Pawn.
More information in Title Pawn Advantages with Atlanta Title Pawn
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Atlanta Title Pawn is offering a no-credit check vehicle title pawns. Similar to most title loans, you will have to use your vehicle as collateral for a title pawn. Did you just say that you do not have good credit standing or car insurance? There is no need for you to worry about it. Either of them is not a requirement in a title pawn. At Atlanta Title Pawn, your credit will be you vehicle’s title. Instead of digging into your previous years in search of you unpleasant credit history, this company will just use the title of your vehicle as a counterpart for your credit.
This title pawn company understands the fact that you never know what will happen next. A medical emergency, job loss, house repair, etc. may cause you financial trouble. You cannot just do away with these as they are part of life’s journey. Aside from this, the company believes that most of the time, bad credit ratings are caused by the things beyond the control of an individual. Some of those include the cases mentioned earlier. Atlanta Title Pawn believes that it is not fair to use bad credit rating against the client, especially that the company is unaware of the actual struggles of every loaner. This is something you are less likely to experience from other lending companies that offer cash advances or payday loans in exchange of small amount of cash with unreasonable interest rates. Atlanta Title Pawn offers high amount of loans the come with client-friendly interest rates.
All you have to do is to make sure that you have with you your clear vehicle title as well as any ID issued by the government. You need not to make it difficult on your part. Your own driver’s licence will do. You heard that absolutely right. Atlanta Title Pawn will not do a credit check on you. What does that mean? This only means that whether you are a client with an impressive credit score or a customer who was unfortunate to have a bed credit, you have equal chances to be approved. Economic discrimination through credit rating criteria is not part of Atlanta Title Pawn processes. What’s more amazing with it is that you can still drive your car within the duration of the title pawn. In this manner, you will be able to continue with your daily routine without any sort of major disruptions. Thanks to this company vehicle title pawn.
Depending on the vehicle title pawn you have applied for, you will be allowed to utilize your vehicle without worrying that towers from the company will take way your car or boat. There is no problem with that. As long as you are still within the boundary of your title pawn, you will have the peace of mind as if no title pawn had happened. That’s not all the incredible benefits that Atlanta Title Pawn has to offer. Believe it or not, this company may even give you an extended duration for you to use your vehicle. You heard that correctly. If for some valid reasons you would want to ask for a vehicle title pawn extension, it won’t be a difficult decision for you. The company’s friendly representatives will be very glad to discuss flexible payment options that best work for you. This way you will get to enjoy using your car longer. Not only that, you will be given substantial amount of time to fulfil the repayment responsibilities in your vehicle title pawn terms and conditions. It might sound too good to be true but it really how Atlanta Title Pawn makes title pawn treats better than any others.
Now that you are reading this article in the middle of your financial constraints, the best decision that you will make is to get a vehicle title pawn with Atlanta Title Pawn. Do not be discouraged of your current financial condition. This team is here to help you solve such a problem. Atlanta Title Pawn gives you the benefits of trustworthy and considerate title pawn institution. So what are you waiting for? Get started with the online platform of this company and reap all the benefits of their unbelievable title pawn program.
To guide you in this kind of service, just check this out: Helpful Advice from Atlanta Car Title Pawn
These days, more and more people are turning into a car title loan in times financial needs. There is no big deal with that. However, engaging into this refinancing program requires you to be a wise consumer. Like any other ventures, a car title loan both has pros and cons. While this is true, however, it does not necessarily mean that you should always experience its drawbacks. There is something you can do to reduce, if not avoid all, the negative sides that a car title loan also has to offer. It’s only a matter of being wiser. If you are planning to engage in this type of loan, you should be equipped with the necessary idea about it in order to take advantage of its features. Why not take some time reading this article?
How Car Title Pawn Loans Work in Atlanta
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Car title pawn loans are operated by businesses duly licensed by the Atlanta State government. If you are an auto title pawn loaner, you will have to provide your lending company with your vehicle’s clear title, meaning there should be no liens on it. This is important especially that it will serve as your loan collateral. In addition to, you might be required to present your driver’s license, other identification documents, as well as the proof of your income.
Once all the pre-requisites are completed, you and your lender will then proceed to the signing of loan agreement. This stage includes turning over of your vehicle’s title to your lender. The title pawn loan company will hold your car’s title until you have finished paying your loan. The lender will then add their company as a lien holder of your vehicle’s title. After you have paid your loan, the title of your car will be given back to you. You should see to it that your title do not have liens anymore. In the event that you fail to pay your loan according to the agreed payment duration, the lender has the right to repossess your car and then sell it. However, you may ask for payment extension for some valid reasons. You may or may not be granted of an extended payment due depending on the decision of the car title pawn institution.
Are Car Title Pawns Legal in Atlanta?
Car title pawn businesses in Atlanta are legal. There are certain state laws, however, that set rules and regulations pertaining to who can operate a car title lending business, what an aspiring car title lender should do to obtain a license, and what will happen if they will not meet the requirements. Car title pawn lending companies should strictly abide by the laws implemented by the State so that their license will not be revoked. Bottomline, yes, such businesses are legal, however, they are subject to certain limitations in accordance with the law.
With the overwhelming number of car title pawn lending groups, it is difficult to find the right one. Don’t go any farther. Atlanta Car Title Pawn is the most reliable partner.
Know more about the company you should trust for title lawn in Top Reasons Why You Should Pair Up with Atlanta Title Pawn
If you have long been paying your title loan for your vehicle, you have probably realized by now that there is a need for you to pair up with the most reliable one. This will definitely be true especially if you are noticing that your title loan service provider has not been giving you the total convenience and satisfaction you deserve. Have you heard about the Atlanta Title Pawn? If you say you haven’t, you are missing a lot of wonderful things that you could have experienced for having a totally fulfilling service provider. But, don’t you worry. If you are reading this article, you are in for a huge discovery. In just a few moments, you are in for a big change in your vehicle title loan activities. Read on. Here are the top reasons why you should pair up with the best title loan provider in the entire Atlanta State.
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1. No Need for Extra Payment
If you think that it is greatly impossible for a vehicle title loan provider to offer a zero down payment feature, think again. There is really one that provides such. Yes. You heard that absolutely right. This is no other than the Atlanta Title Pawn. This is one of the most essential considerations especially that a lot of people who are under loan payment responsibilities are often in significant financial struggles as well. Of course, if a loan provider would ask for a down payment, it would add up to the struggles of the client. If you are the client, you won’t want that, right. This is why you really have to choose the best. Atlanta Title Pawn does not charge you with extra fees along with your application. As long as you have the legitimate title of your vehicle and other required papers (which are very minimal) you can expect that your title loan application will be granted, thus, truly reducing the difficulties in your finances.
2. No Penalty Prepayment (for eliminating loan payment ahead of the schedule)
While it is true that paying penalties are among the responsibilities of clients, it does not necessarily mean that it should be applied to all. It is a common thinking that clients would want to feel that they are taken care of by their service providers. Prepayment for penalties ahead a particular schedule to eliminate extra charges is one of the things that most clients get rid of. If you are a responsible loaner, for example, you will not find it advantageous on your part. This is because you will not need to pay for penalties due to updated payments. Zero penalty prepayment for such is what the Atlanta Title Pawn is giving you. With this feature, you will definitely find satisfaction on your title loan payment plans.
3. No required minimum credit rating
A lot of title loan providers ensure that before approving a loan application, they should first need to evaluate the credit score of the loaner. This is a common aspect along the process. However, assigning a minimum credit rating for loaners gives more favour to the provider rather than the loaner, which should not be the case. If you are sick and tired of your vehicle title loan partner, switch to the best one. The Atlanta Title Pawn is here for you. Atlanta Title Pawn do not require any minimum credit rating. It only means that you will not have to worry about your previous credit scores. As long as you pass their requirements and complete the necessary documents, you are sure to be assisted by their title loan programs.
See? Borrowing money from a lending institution has not been this client-centered. There might be a lot of title loan providers operating throughout the state. While there are so many of them, however, it is frustrating to land at the wrong one. In Atlanta, the best title loan company is the Atlanta Title Pawn. This company has long been providing top of the line title loan services to hundreds of thousands of clients. You too can be one of them. Dial up the company today and see how you will be helped in times of your financial struggles.
Check out for more information in Car Title Payment Reminders