Title Pawns vs Title Loans

Posted on December 23, 2021 | by titlepawn

Title Pawns vs Title Loans: What is the difference?

Are you tired of being swindled by unreliable lenders? These lenders can make it difficult for you to complete the required paperwork, then charge you hidden fees and obligations. Finally, you may not be approved for a loan. This madness must stop!

Title Pawns are option for you. In as little as three business days, you can get the money that you need. Because we value your time, our process is efficient and quick.

It is vital to be aware of all options. You may be familiar with title loans and title-pawns. But do you know the differences? They are almost identical, so don’t be surprised if you don’t know the difference. You should also be aware that there are some important variations that can greatly affect your final decision.

What are title pawns?

A title pawn allows you to borrow money by using your vehicle’s title. A title pawn does not require you to have a credit check. Your vehicle’s title will be used as collateral. If you’re willing to let go of your vehicle, a title pawn might be an option.

What is a title loan?
You can also use your vehicle’s title as collateral to get a title loan. Title Pawn lenders offers title loans that are similar to a title-pawn. You don’t have to have perfect credit to get approved for one. Title Pawn lenders will still examine your credit score when you apply for online title loans. However, this is to ensure you have not filed for bankruptcy or are currently in credit counseling. Title pawn lenders cares more about your ability to repay the loan and the equity in your vehicle than your credit score.

You might find it difficult to understand the different titles of title loans. You can also refer to title loans as:

Auto title loan
Auto title loan
Loan for pink slip
Auto equity loan
Bad credit title loan
Auto title loan
Car equity loan
Car title loan fast cash
Auto collateral loan

Benefits of borrowing money with a title loan.

If you’re looking for a title loan, our Title Pawn lenders is the right choice! We are glad to assist people all over the United States who need reliable financial assistance. We are here to help you realize your dreams!

Here are just a few of the reasons our Title Pawn lenders is a top lender in the industry

Title Pawns offers efficient service. We won’t make you wait for the loan process to progress. Our team works quickly and efficiently to make sure you get your money as soon as possible. A Title Pawns lender representative will contact you within 24 hours if you submit your initial information request before the office opens. You can also fill out the form after hours and be contacted immediately when we open for business.

Our Title Pawn lenders offer quality customer assistance. We are here to assist you at every step of your money borrowing process. Our qualified Title Pawn agents are available to assist you seven days a week, with extended hours. Title Pawns understands that Saturday and Sunday doesn’t mean life is over. We won’t close you down because it’s the weekend.

High approval rates are common: Many people are reluctant to apply for loans because they don’t have great credit scores. TitlePawns understands that you are much more than a number. Our Title Pawn lenders consider other factors, such as your vehicle’s equity and your ability to repay the loan.

TitlePawns.com will not penalize you for having money. We won’t make you pay balloon payments or other unreasonable requirements. Our Title Pawn lenders will not make you fail by requiring you to pay a large balloon payment at the end your loan term. If you are looking to get ahead of the curve and pay your loan on time, then go ahead!

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Title Pawn Statistics and Facts

Posted on January 29, 2020 | by titlepawn

Title loans can be expensive the interest is usually around 24.6% a month which comes out to ~ 300% APR a year.
The max interest rate on a loan including a Georgia title pawn is 16% on loans from $2,999 – $249,999 says the Georgia Department of Banking and Finance laws.
In GA you can go to jail if you attempt to hide your vehicle from a car repossession see law O.C.G.A. 16-9-51.
Believe it or not but yes you can pawn a salvage title vehicle in Georgia as long there is enough equity
Repossessions get reported to credit bureaus and lower your credit score for 7 years
A rebuilt title vehicle loses 19% – 39% of the Blue Book® Value so a rebuilt titled vehicle will get less cash for a title pawn or car title loan
Vehicle repossession is a private matter and cannot involve police officers by law.
The Georgia Department of Revenue’s DMV does not record title pawn statistics or facts between lenders
A title pawn is the same as a title loan in theory but can only be done in the state of Georgia
The average borrower extends the payback of title loans 8 times (often called payoffs, buyouts or refinancing)

How To Refinance a Title Pawn Loan

Posted on October 15, 2019 | by titlepawn

Refinancing a Title Pawn

In the field of banking, refinancing is an often-used term. As often as it’s used, refinancing can also be a distressing event to those unfamiliar with the process. With a refinancing, there are often common misinterpretations. It’s crucial to understand the basics of how the refinancing process works in order to minimize stress or concerns.

To explain briefly, when a client decides to refinance, it satisfies the remaining title pawn. Once the current loan is satisfied, a new loan is created to cover any additional account balance. If someone were to pay to refinance their title loan, there would be a few reasons why. Lowering payments, switching payment due dates and changing loan types are just a few of those reasons. Vehicle registration or (title) loans are loans that can be refinanced from another lender.

These loan types are beneficial due to lower interest rates among the competition.

With minimal interest rates, you will be reducing your lowest payment. This allows you to pay less back in the long run. Refinancing your loan also allows you to make lower monthly payments. One of the central ideas of refinancing is to minimize frequent payments, and your remaining balance determines your new loan amount. If you have paid a considerable amount down on your current loan, your minimum payments will reflect lesser amounts.

Having no early payoff fees is one of the benefits of calculating car title loans and payments. You’ll have the option to pay off at your convenience and not become liable for another loan. Changing the due date of your loan is another benefit of refinancing.

At Title Pawn, you can expect to make a payment 30 days from the time your loan is dispersed. If your schedule, pay date or job changes, your initial due date may no longer work for your circumstances. TitlePawns.org desires to provide loans that are as suitable as possible. This allows you to refinance your loan around a schedule that benefits you. So, your new due date will coincide with your financial situation.

If you still have questions about the benefits of refinancing, give us a call. Our friendly customer service agents will help guide you through the process!