If you’ve ever faced a financial emergency and needed fast cash, title pawning might have crossed your mind. Since more than two million people get title pawns every year, it stands to reason that it's a legitimate solution when you people need quick cash solutions. However, you can't take advantage of something if you don't know how it works.

In this guide from Georgia Auto Pawn, Inc., we will explain what a Georgia car title pawn is, how title pawning works, and how it compares to other emergency loans. We will also go over how you can do online title pawning with us to get this no-credit-check loan.

Title Pawning 101: Everything You Need To Know About Georgia Title Pawns

Before borrowing money through emergency loans, it’s important to know what loan you are borrowing. Title pawns can be a bit confusing to those who have never gotten them. However, learning just a few key details will make you better equipped to determine if it is the right quick cash solution for your financial emergency.

The following are all the details you should know about title pawning in Georgia:

1. What Is A Title Pawn?

A title pawn is a type of secured loan where you use your car's title as collateral to borrow money. Collateral loans are those secured using high-value collateral, meaning your credit score is not relevant to loan approval. In the case of title pawning, you use your lien-free car title to secure the loan.

A lien-free car title is one attached to a vehicle that has been fully paid off. Otherwise known as a clear car title, it is one free of any outstanding liens- debts, or judgments. You can get a title pawn after fully paying off your car.

2. What Are The Title Pawn Requirements In Georgia?

Before getting a title pawn, it’s essential to understand its requirements. It has fewer requirements compared to traditional bank loans, allowing for a simpler approval process. You only need a couple of items to establish your identity, age, lien-free car title, and vehicle value. The requirements are the same no matter where you get a title pawn in Georgia, such as cities like Atlanta, Macon, and Savannah.

The following are the required items for title pawns in Georgia:

• Your driver’s license or state-issued ID that verifies you’re over 18
• A lien-free car title in your name
• Your vehicle for an inspection

You must verify you have these items above before applying for a title pawn. Your lien-free vehicle title must be in your name to get approved. If it is not, you can get a title transfer at a local DMV office by filling out some forms and paying a small fee.

3. What Are The Benefits Of Title Pawning?

Title pawning is just one of the quick cash solutions available to those who need cash when faced with a financial emergency. It has certain benefits that set it apart from other emergency loans. At Georgia Auto Pawn, Inc., the process of getting approved for a wide variety of types of borrowers takes less than a day. You can get approved with no credit check for this loan to get quick emergency cash.

The following are some of the benefits of title pawning:

• Fast approval process: You can get approved for a title pawn in less than a day, with some getting qualified in as little as 30 minutes. We only have a few steps to complete that can lead to you getting your money the same day you apply or the next business day.
• No in-store visit required: We offer online title pawning for those who are too busy to make an in-store visit. You can apply online, and one of our loan representatives will come to you to verify your requirements.
• No credit check required: This is one of the no-credit-check loans available to those with bad credit or nonexistent credit. You can use your car title as collateral rather than subjecting yourself to a credit check.
• Your credit score will not be affected: We do not report our emergency loans to the three major credit bureaus, which means borrowing money through title pawning will not lower your credit score.

4. How Can Title Pawning Help With A Financial Emergency?

A financial emergency is when a surprising expense comes out of nowhere. You likely have no time to pay for it and will be left without many options if you don’t have an emergency fund. Many people turn to emergency loans to help them during a financial crisis.

A title pawn is one quick cash solution you can use to pay for a financial emergency. You can get approved quickly and use the emergency cash to help pay for your urgent expenses before you experience late fees, service disruptions, or lowered credit.

For example, you may have lost your job and can’t afford your rent next week. If you fail to pay your rent, some landlords could threaten you with late fees or eviction if you have a history of missing payments. You can get your emergency ash from title pawning in less than one business day. You can use the cash to pay for your rent and keep your apartment while you look for a new job.

The following are some financial emergencies you can pay for with a Georgia title pawn:

• Overdue bills (rent, mortgage, or utility bills)
• Auto or home repairs
• Medical bills
• Unexpected travel costs
• Veterinarian costs

5. How Does Title Pawning Work?

The process for getting approved for title pawns is easier than you may assume. It can take less than one day, with some getting approved in less than 30 minutes. You can do online title pawning if you don’t have the time to make it to a store location. We keep the process simple at Georgia Auto Pawn, Inc. to help borrowers in need of quick cash solutions to get their funds as soon as possible.

The following are the steps to pawning your car title:

• Submit your information through our online form
• Speak to a loan agent over the phone
• Ask questions and verify your information
• Agree on a meeting place, such as your home, workplace, or Georgia store location
• Bring your required items to the meeting place
• Have your requirements verified and your vehicle inspected for its value
• Sign paperwork to complete the process
• Receive your emergency cash the same day or the next business day

FAQs

What is the difference between title pawns and title loans?

The differences between title loans and title pawns have more to do with legal classifications in Georgia. Unlike other states that offer title loans, Georgia offers title pawns because the state regards lenders as pawn shops more than banking institutions that offer loans. However, they are essentially the same thing, allowing borrowers to use their clear car title as collateral to borrow money.

How much can you borrow with title pawns in Georgia?

The maximum amount you can borrow with title pawns is $15,000. How much you can borrow depends on the value of the vehicle attached to your car title. During an in-person meeting, our loan associate will inspect your vehicle and establish your title pawn’s value based on your car’s age, condition, make, model, and mileage.

What types of vehicles are eligible for title pawning?

Georgia borrowers can use their car, truck, van, or SUV for a title pawn. You will use the vehicle title attached to it as collateral to borrow emergency cash for urgent expenses.

Apply For Title Pawns In Georgia – Get Approved For Up To $15,000 Today!

Title pawning is easy for those who need emergency loans when faced with urgent costs you cannot afford. At Georgia Auto Pawn, Inc., we allow online title pawning for those who cannot make it to a Georgia store location. Borrowers of all credit types are allowed, and you can get same-day cash loans to help you handle your expenses quickly.

Don’t wait when you need fast cash solutions for your financial emergency. Fill out our online inquiry form today and hear soon from one of our loan representatives to learn more about the quick process for getting approved.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.