What You Know About Title Pawning Is Probably Wrong! Here’s Why
October 7, 2021 | Daniel Dewitt
There is a surprising amount of bad information out there about title pawning. A lot of people have bought into a lot of the myths floating around auto title pawns. So, we figured that we would correct the record somewhat. In this post, we want to dispel the most common myths related to title pawning.
Here Are Common Misconceptions About Title Pawning
You Will Lose Access To Your Vehicle
This is probably one of the biggest myths about title pawning. Many people seem to believe that they are going to lose access to their vehicles until the loan has been paid back. In reality, you can pawn your car title and keep it.
When you take out a title pawn, you will leave the title to your vehicle in the possession of the lender. It will be kept for the duration of the loan. As long as you meet the repayments on your loan on time, you can keep driving your vehicle as usual.
You Will Not Be Able To Find A Legit Title Pawning Company
Again. Untrue. Title pawning has an unfair reputation for being a shady form of lending. It isn't. That's not to say that there aren't companies out there trying to scam you. However, the same will apply to any other forms of borrowing. You just need to look for the companies that are legally allowed to operate in Georgia, such as Georgia Auto Pawn, Inc.
You Need Good Credit To Qualify For A Title Pawn
With most traditional loans, you do need to have good credit, and many believe that it’s also required for title pawns. However, it really isn't the case.
Title pawning is a secured form of lending. This means that the title to your vehicle acts as collateral. Due to this, there is less risk on the part of the lender. That’s why lenders, like Georgia Auto Pawn, Inc. accepts applications from people with all types of credit. So, you have chances to qualify even with poor credit.
Title Pawning Is A Hassle, Just Like Any Other Loan Type
Again. Not true. With Georgia Auto Pawn, Inc., the entire process can take as little as 30 minutes from the moment you meet with a representative for a vehicle inspection. Of course, you’ll need to consider the amount of time it takes to get to the nearest storefront.
The Repayment Process Is Difficult
Again, no. Making the repayments on your loan is easy, and you can get it done without any store visits. The online payment feature on our website allows you to make your monthly payments without ever leaving your house. All you need is to know your account number.
You Need To Be Employed To Get A Title Pawn
One of the best news about obtaining a title pawn is that you do not need to prove your income. Once again, this is because title pawning is a secured type of loan which means it could be an option for those with a limited income. It could also be an option for those who are unemployed or on disability benefits. While other lenders may turn you down, a title pawn lender may not necessarily do the same.
What’s The Truth?
Title Pawning Is A Legit Option For Those Who Need Cash ASAP
Title pawning is an option worth considering if you need cash on short notice. You just need to ensure that you choose the right lender.
Georgia Auto Pawn, Inc. is a provider of car title pawns in Georgia. We have multiple locations throughout the state which helps our customers avoid long distance traveling to get the services they need. To get started, follow the guidelines below:
- Fill in a short inquiry form on our website
- Speak to one of our agents on the phone who will call the number you mentioned in the form.
- Head to one of our locations for a vehicle inspection. Take your driver’s license, your lien-free title, and the car in question.
- Sign a few forms
- Receive your cash either the very same or next day
Considering Title Pawning? Get Started Today!
Many of the things that you have heard about title pawning are untrue. Getting a title pawn from a legitimate company, like Georgia Auto Pawn, Inc. is perfectly safe. And you can make sure for yourself. Call us at 800-514-2274 or fill out an inquiry form to get your questions answered today!