Car Title Pawns

Need a loan, but you've maxed out your credit cards, and you're up to debt up to your eye balls? Well, take comfort in knowing that your car might be worth more to you than you think.

About Car Title Pawns

So how exactly does this work? If you're in need of quick cash, you can put your car title up itself for collateral. Simply go to a reputable car pawn agent, along with your car title, and the agent will assess the current blue book value of your vehicle. It is not uncommon to get between $10,000 to $15,000, based on the current blue book value of your vehicle. The benefits of loaning your car title includes not having the need to have your credit background checked. This means, not having to wait an extensive amount of time to get the results of your credit check, nor the need to fill out and pay numerous forms, to go along with the hassle of dealing with agents.

If you have a decent car, and you're ready to put it up for collateral, then the first step is to either visit a car title pawn agent, or fill out a title loan request online. Filling out these forms are quick and painless, and once done, the info is submitted to a reputable agent in your area. Once looked over, an agent will get in touch with you at the specified time and method that you stipulated in your form. The agent will let you know about the other required documents pertaining to your vehicle. When you visit them in person, they will quickly and adeptly look over and inspect your vehicle. This process normally doesn't take anymore than 15 minutes, and if approved, you can walk out with your cash that very day. Depending on the value and condition of your vehicle, it is not uncommon to receive a car title loan between $10,000 and $15,000.

Pawning your car title is similar to loaning your car title, except that pawning the title, allows you to keep driving your car. If you're considering pawning your car title, you should know that paying back your loan works very much like traditional loans. You should also be advised that some of the APR rates for these loans can be a bit costly. They can range between 36% to even 360%. It is imperative that you talk to your agent about an APR rate that works best for you. When signing the loan, you are responsible for paying off the loan. Failure in missing a payment, can result in your car be repossessed.