Alabama Title Loans, Inc. strives to help people get emergency title pawns, allowing them to borrow money against the value of their vehicle. We make it easier to avoid taking a bad credit hit by providing cash upfront so you can pay your bills before they go into collections.

It’s challenging to balance your finances, and if you’ve had some problematic bills lately, you might need to borrow money to tide yourself over. A title pawn could be the solution to get yourself sorted out. We review some of your finance options and learn how to avoid a credit disaster with our helpful guide.

How Can A Title Pawn Prevent A Bad Credit Hit?

Bills Get Paid On Time

If you’ve got bills that are due and you don’t pay them, your credit rating will start to suffer. It might not seem very important initially, but your credit rating can significantly impact many of your finances.

If you want to borrow money from a bank, take out a mortgage, or make other significant financial commitments, having a low credit rating can be a nightmare. That means it’s essential to pay your bills on time; ideally, you should have enough money set aside every month.

However, sometimes things get out of hand, and you can’t meet this obligation. It sometimes happens to everybody, so what are your financial options when it does?

A title pawn could answer this issue, allowing you to pay your bills before they are overdue. Being consistent about bill payments and never paying late is a great way to build up good credit, making it easier to get loans if needed. That’s why taking out a title loan now and avoiding a credit hit could be worthwhile.

You Can Manage Emergencies

Even with good planning, an unexpected cost can upset all your carefully managed finances and leave you unable to pay for something. If you get caught by a surprise expenditure, such as an urgent medical bill, a vet fee, or a home repair, you may struggle to deal with the emergency and can’t pay for things.

Again, taking out a title loan can solve this problem because it will let you pay for the unexpected expense before it goes to collections. Depending on the expense, leaving it early could also positively impact your credit, which is essential to avoid.

In some cases, you may be able to put off an emergency bill for a while and pay for it once you’ve got the money. Unfortunately in certain cases it will need to be paid right away. This is when a title loan becomes useful for preventing credit issues. Get the emergency delivered, and then you can focus on your regular financial commitments.

How Do You Get A Title Pawn?

If you’ve decided a title pawn could be right for you and want to learn more, all you need to do is fill in the form on our website. This will funnel you into our system, and we will contact you directly via your phone number. You will quickly get a call back from an agent who can help you.

They will talk you through the process and explain what paperwork you need to get a title loan. Generally, you only need your government-issued photo ID and the lien-free vehicle’s title.

You can then organize to bring your vehicle for a quick inspection to verify its condition. This inspection can take place wherever you choose.

Once we’ve had an opportunity to assess your vehicle and circumstances, our agent will be able to tell you whether you are eligible for the loan. If you are, you will be said at the meeting and given some forms to sign. You will then receive the money for the loan on either the same working day or the next business day, and you can use it to take care of your bills!

Start Your Title Loan Application Today!

If you’re worried that unpaid bills will affect your credit score, Alabama Title Loans, Inc. is well-placed to help. We offer various finance options, including the opportunity to borrow money against the value of your vehicle. Our agents are highly trained and can help you throughout the process.

It’s stressful to have bills not getting paid on time, and if you’ve hit a particularly bad patch, you might be looking for some extra money to tide you over. A title pawn could be the solution that helps you get back on top of your finances.

 

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