• Title Exchange

When Is a Good Time to Look Into a Car Title Loan in Georgia?


Car title loans aren't for all situations. As with any loan, you have to show care and be responsible when you apply for one. There are some situations where a title loan can represent all the relief you need. Here's a look at some of those situations.

1. When Your Credit Prevents You From Borrowing Needed Funds

Many people seek funds for emergencies and other purposes from banks and other financial institutions. Unfortunately, even if you have okay credit, it's sometimes not enough for these institutions.

A car title loan doesn't factor in your credit. All you need is a vehicle and the title of that vehicle. Equally, a car title loan doesn't affect your credit in any way. Since the title loan doesn't require a credit check hit, it can actually protect your credit when you use a title loan service.

2. When You Need a Short-Term Loan Immediately

People face financial emergencies all the time. Often, there are things they can do to postpone or delay the need for immediate funds. However, some situations require money immediately, and there's no other option beyond paying.

For example, it's one thing to make a promise to pay the car note on the vehicle that gets you to and from work. Such promises often postpone collection activity for a week or so until payday. It's another thing when the bank says it will repossess your vehicle in a couple of days if you can't come up with a payment.

This is the type of situation where a title loan can help you the most. You can save your vehicle from repossession and pay back the loan in a short amount of time.

3. When You're Between Jobs

If you find yourself between jobs, a title loan can work for you. They're best if you have a guaranteed job opportunity coming up. They're also helpful when there's a job transition. For example, if you change from one department to another at your current job, you may have to skip a paycheck. A car title loan can do a lot to bridge the gap.

4. When You Want to Keep Your Information Private

Some financial institutions require a tremendous amount of information before they even consider giving you a short-term loan. While this is not true of all institutions, you may just find yourself at the mercy of a place that wants more information than you feel comfortable giving out.

A title loan requires a car, a title, a tag, your ID and a key. That's all you will need. It cuts out the need for a lot of the paperwork and extensive background and financial history investigation.

5. When You Know You Can Pay the Loan Back

A title loan is great for emergencies and one-off cases. They're also ideal for virtually any situation as long as you know paying the loan back will not create an issue.

A good example of this is when a sudden investment opportunity presents itself. You may not have the funds immediately to take advantage of it, but you will definitely have the funds in a week or two. The opportunity can't wait though.

If time is a factor, then taking out a title loan can make all the difference. You can go forward with your investment, and you can use those future funds to pay the loan.

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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.