The holidays can be so stressful. Tons of money is spent between traveling, buying gifts, holiday activities, meal prepping, getting a Christmas tree, etc. - Regardless of what you are doing, the holidays are always expensive.
You can max out your credit cards, put yourself in a lot of debt, live pay check to pay check for a few weeks, OR you can open a title pawn!
If you have never had a title pawn before, it can be a little different - scary even, but there is no need to worry.
Title Pawns are a quick and easy way to get cash, and a lot of it!
Approval takes 5-10 minutes - depending on how much you want to borrow.
Most title pawns get you in and out in under one hour!
Yes you read that right - SAME DAY CASH IN ONE HOUR OR LESS!
It is so much faster & easier than getting a personal loan!
Below are some frequently asked questions. These should help you better understand a title pawn and why it should be an option for quick cash during the holidays!
"What do I need to qualify for a title pawn?"
All you need is a paid off car, truck, RV, motorcycle, or boat, the title to go with it, and your drivers license.
Some title pawns may require additional documents such as
- proof of income
- proof of residency
- proof of insurance
- a spare key
"There are two people on the title, can I still get a title pawn?"
Yes! Just make sure that if there are two people listed on the the title, that they are both present during the original title pawn transaction
"But, what if I can't afford to pay it off in 30 days?"
Title Pawns allow you to make monthly payments by refinancing once a month - So you don't have to worry about rushing to get it paid off. As long as you make your minimum payment, you can take as many months as you need!
"What is refinancing?"
With title pawns, you have to pay monthly interest (which is your minimum payment). If you have to extend it longer than 30 days, then you account must be refinanced, which is adding monthly interest back into your title pawn.
If you have ever had a mortgage, car payment, or personal loan and have thought about refinancing, it's sort of the same idea.
"Can I pay more than my interest payment a month?"
YES! That is how you get your title pawn paid off. If you go in to make a payment and you ask for your minimum payment, that is asking for your interest only payment. You should always try to pay more than that, but you will not get "in trouble" for only paying your interest each month.
"What if I am going to a day or two late with my payment?"
Since you have known about your payment due date for 30 days, we encourage that you come in on or before your due date.
If you have to be late, please communicate. Also remember that you will pay late charges and you might be at risk of repossession.
"Can someone else make my payment for me?"
Most title pawns will allow someone to pay for you, but they will not and cannot share information regarding your account with that person, so if you want to know your pay off after that payment is made, you will have to call or come in yourself.
"So I should get a title pawn for the holidays?"
DUH! YES! It is so easy!
Come in today! A title pawn can help take some of your stress away!
You deserve to have a very merry holiday season!