Frequently Asked Questions:
What is a title loan?
A title loan is a secured loan based on collateral. You can simply provide us with the clear title of your vehicle and receive cash. No keys are required in the title pawn process, we only hold your title until your loan is paid in full.
How much can I borrow?
With a title loan we base the loan amount on the value of your vehicle. Once you have been approved for the loan you will receive the cash as soon as the loan process is complete.
What personal information is needed to apply for a title loan?
When you apply for a title loan, we will need to see your vehicle for a quick 5-minute inspection. By completing this inspection, we will set the loan amount for the vehicle. We will also need your clear and free title, proof of income with a net monthly income of at least $1,000, and proof of residency. We have a number of programs to allow us to process loans for all circumstances. In the event that you do not meet one of our standard requirements, such as the income restrictions, we still might be able to help you! Call our office now for instant pre-approval!
How much does a title loan cost?
There is no application fee to apply for a title loan. Once you have been approved and accept the loan, you will be charged $25 for every $100 borrowed. We do offer interest free loans** where no finance fee is charged.
** certain restrictions apply
Does a title loan affect my credit?
No credit checks are required when you apply for a title loan. We only use the collateral in your vehicle. In the event of a default on the loan, nothing is reported to credit bureaus, but you may lose possession of the collateral.
[O.C.G.A. Section 44-12-138(b)(3)]
Failure to make your payment as described in this document can result in the loss of your motor vehicle. The pawnbroker can also charge you certain fees if he or she actually repossesses the vehicle.