If you have considered an Alabama title pawn in Montgomery, AL for extra cash, but you just don’t know enough about them, you’ve come to the right place. Alabama Title Loans, Inc. can explain some of the finer points of title pawns, as well as what you’ll need to know in order to get started with your very first loan.

A title pawn is a type of loan that uses your car’s title as collateral. They usually have shorter repayment periods than traditional loans, and they are relatively easy to acquire. Other than that, there are several details that are important to know before you hit submit on your application.

Now that you know some of the most basic information about title pawns, let’s dive into what you need to know before you get one.

What To Know Before You Apply

When applying for a Montgomery title pawn, you will be asked for some general information about yourself and your vehicle, so be prepared to answer some simple questions — don’t worry, you already know the answers!

This preliminary information will be used by a representative who puts together a pawn agreement for you to review later on.

Here are a few other things to know about getting a title pawn:

1. All Your Documents Need To Be Collected Ahead Of Time.

The title pawn application process is very fast, so there’s no sense in getting started unless you are ready to follow through with the entire application. Some customers have their decision within 30 minutes.

All you need to apply for an Alabama title pawn is your driver’s license and the title to your vehicle.

You also need to have access to the car that the title is connected to, because it will need to be inspected before your loan is approved.

2. The Title Must Be In Your Name.

The title should be in your name and not be under a lien. If there is another name on the title, that person also needs to be present when you apply.

You cannot get a title loan for a vehicle that is not in your name, regardless of how often you drive the car or if you bought it outright from someone.

To get the title transferred to your name, you will need to pay a visit to your local DMV.

3. You Can Get A Loan From Home.

A shocking fact for most people is that they can get an Alabama title pawn in Montgomery, AL without visiting one of our stores.

You will start the process by filling out the form at the top of the home page, and the rest of your paperwork can be completed electronically.

Then, if it’s more convenient for you to meet at an off-site location, just let your loan agent know. They can suggest alternative meeting places for your required vehicle inspection.

4. There’s An Alabama Title Loans, Inc. Near You.

If you choose to do your application in person, there is guaranteed to be a location nearby.

With over 20 locations across the state (including Montgomery) you won’t have to travel far to meet with an agent in person to talk about your loan details and ask any questions that you may have before or after processing your application.

5. Title Pawns Are A Fast, Easy Process.

The speed of our title pawn process always surprises new customers. When you apply for a title pawn in Montgomery, AL, you are likely to receive your loan decision in 30 minutes or less. It’s not uncommon for loan applicants to see money in their account the same day or the next.

To apply, you’ll follow these simple steps:

• Fill out the info request form to let us know you’re interested in a Montgomery title pawn
• You’ll get a phone call from an agent who will iron out the details of your application, including the payment plan.
• Make a store visit or electronically process your application.
• Schedule an in-person vehicle inspection. This is when your agent will verify the car’s features, its VIN, and your identity. They will also establish the amount of the loan.

What To Have Before You Apply Today!

The final thing to know about title pawns is what to have on hand.

Fortunately, all you need for an Alabama title pawn in Montgomery, AL is your license and the lien-free title to your vehicle. With these two documents, you can start your application and obtain a loan.

Of course, you will also need to present the vehicle itself for inspection once you are at the appropriate phase of the application.

With just these three things and the knowledge you’re now equipped with, you can get a title pawn for any of life’s unexpected events.

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