• Henriett Hajdu

Why are Interest Rates so high on a Title Pawn?

We are often asked why interest rates are so high on title pawns. It isn’t because car title pawn companies have bad intentions in mind. There are many reasons, but 4 main reasons we give you here why interest rates get so high:

1). High risk loan – this is determined by several factors.

2). Little to no documentation needed for these pawns – when very little documentation is required the pawn companies are taking a lot of risk.

3). No credit check is required – again the risk is on the company that loans you the money.

4). In this particular industry there is a higher rate of default and as a result, the rate to the general borrower is higher.

Ways to Get Better Interest Rates at Tri County Title Pawn:

Tri County Title Pawn offer the lowest rates for our clients in Madison County, GA and in Athens, GA. We reward our customers that are in good standing by lowering their interest rate periodically. We give lower interest rates to our repeat customers. We give out rewards to customers who pay on time. We pay referral fee to people who are our customers and the ones that are not. If you are interested in a car title pawn, Tri County Title Pawn is close by!

Come visit one of our Tri County Title Pawn locations!

Danielsville - (706) 420-0066

Athens - (706) 548-7966

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Customer Notice: A title pawn is a 30-day agreement, meant to be a short-term financial solution. However, borrowers often extend these pawns over a period of 2 to 24 months, which can be expensive. Title pawn customers have the option to extend their agreement at the maturity date, on the condition that finance charges have been satisfied for the period.

DISCLOSURE: This is a solicitation for a pawn transaction. This is not a guaranteed offer and requires approval. Amount subject to vehicle evaluation. Results and actual pawn amounts may vary. Certain limitations apply. Please see our FAQ page for more information.