If you need extra cash fast and are considering title pawn loans in Georgia, great! Along the way of the process, you may run into terms you are unsure of or haven’t seen in a while. Take a moment to familiarize yourself with these top terms before proceeding. The more you know, the faster you can apply for your loan and the better you’ll understand the terms and services.

Common Title Pawn Loan Terms You Should Know

Credit

Credit can mean a few different things, but when it comes to getting a Georgia auto pawn credit refers to your credit history and/or credit score. Your credit history is a record of your credit activity, including your debts and what credit lines you use. Your credit score is used as a prediction of how likely it is that you’ll repay a debt.

While other lenders may require good credit, Georgia Auto Pawn, Inc. doesn’t need a good credit history or score to apply for our title pawn loans. We know our borrowers come from a complex variety of backgrounds and accept applicants with all kinds of credit.

Inquiry Form

When applying for your auto pawn, you’ll start the process by filling out an online inquiry form through Georgia Auto Pawn, Inc. The inquiry form is completed in a few minutes on your computer and asks for your basic contact details. This is used by our trusted and local title pawn loan representative who will call you and walk you through the application process.

Lien

A lien is granted over a property to secure payment for that property. When you buy something on credit the lender has a lien on the item until you pay it off. This allows the lender to take back the item if you stop making the predetermined payments. You can find liens on cars, homes, furniture, and other personal property.

Title

A car title or vehicle title is the certificate that establishes the legal owner of a car. Every car has its own unique title and copies are usually found through the state’s Department of Motor Vehicles (DMV). Liens on a car are posted on the title until they are paid off.

Lienholder

The lienholder is the person or entity that has the lien on a property. They are the legal owner of that property until the lien is satisfied. If you owe car payments to a lender, the lender is the lienholder.

Lien-Free Title

To apply for title pawn loans in Georgia, you’ll need to own a vehicle with a lien-free title. Lien-free titles prove you do not owe any payments on the car and own it outright. If you need a copy of your lien-free title, you’ll have to request it from the state using these guidelines.

If you have recently paid off your lien, you should contact the lender so that they electronically release the title. The DMV will not release the lien until the lienholder completes the Release of Lien or Security Interest document. Once that is done, the lender should mail the released car title to you.

Loan Terms And Conditions

Loan terms are the conditions and details around your loan agreement. This usually includes the amount borrowed, interest rate, any fees, and specified repayment schedule.

Lump-Sum Payment

This is a large payment made one time instead of being paid off in smaller payments.

Installments

When a borrower or customer pays a bill in small amounts over a fixed time.

Pricing Guide

Georgia Auto Pawn, Inc. uses a nationally recognized pricing guide when it comes to estimating how much your car is worth. As part of our quick in-person inspection, we estimate the value of your car and use this to guide your total auto pawn amount of as much as $15,000. We also factor in things like the car’s mileage, brand and model, age, and condition.

How To Apply For Title Pawn Loans

Applying for title pawn loans through Georgia Auto Pawn, Inc. can be done in one easy afternoon. To qualify, be sure you have:

• A state I.D.
• A lien-free title for your car
• Your car for inspection

Once you have all three things handy, fill out the online title pawn loan inquiry form or give us a call to get started. A trusted representative will give you a call shortly after submitting the form and guide you through the application.

You’ll then meet with the rep at a location of your choosing or at one of our many office locations. This is when they’ll review your documents and vehicle in as quickly as 30 minutes. If approved, you could have thousands of dollars in your pocket that day or the very next business day.

Get Your Title Pawn Today!

Title pawn loans in Georgia exist to lend a hand to those who need it most. If you’re facing financial uncertainty and could use cash fast, consider auto pawns from Georgia Auto Pawn, Inc.

You’ve learned the top title pawn terms and are better prepared than most borrowers to start the application process. You know what you should do to get started and now it’s time to take a step of faith for your financial future – contact us to get your title pawn 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.