how do Alabama title loans work

How Do Alabama Title Pawns Work?

If while in Alabama, you’ve faced an unexpected money issue requiring immediate out-of-pocket expenses that you simply don’t have, Alabama title pawns may be an option worth looking into. So, let’s consider how Alabama title pawns work and what their benefits are.

Alabama Title Pawns Explained

What to Expect From Title Pawning in Alabama?

The way title pawns work in different states depends on the state regulations as well as on the lender’s standards. With At Home Title Loans, title pawning is very common: you provide the required items (driver’s license, a lien-free title to your vehicle, and the vehicle itself for inspection), leave the title with us for the repayment period, and get it back once the loan is paid in full. The application process is simple and hassle-free, plus, the loan may be granted in as little as 24 hours, which is one of the reasons why more and more people resort to Alabama title pawns in emergencies.

Who Is Eligible for Alabama Title Pawns?

Title pawns aim at a very specific group of people – car owners of legal age. So, to be eligible for Alabama title pawns, at a minimum, you need to be at least 18 years old, outright own a car (it cannot be financed or have any liens placed upon it), and have the documentation that verifies your claims.

What You’ll Need to Provide

If you choose to work with At Home Title Loans, get the following items ready in advance:

  • A state-issued photo ID or driver’s license proving you’re 18+;
  • Your vehicle for inspection (its value will determine the maximum loan amount you qualify for);
  • The vehicle’s lien-free title in your name acts as collateral.

Things That Will Not Affect Your Eligibility

approved for alabama title pawns

Different lenders in Alabama have different qualifying requirements for applicants. So, here we’ll focus on the things that don’t play a major role in issuing a title pawn to you if you apply with At Home Title Loans, and your documents are in place.

1. Your Income

The proof of income is not on the list of At Home Title Loans required items. This means that even if you’re not a full-time employee receiving your paycheck regularly, you can still be eligible for Alabama title pawns. If you are working part-time or freelancing, or even if you get social security checks or unemployment benefits, you can still qualify and use the alternative means of income to make your regular payments.

2. Your Credit

Many people assume that they don’t qualify for any loans because of bad credit, and this is a valid point, but only if you go after traditional bank loans. The good news is that At Home Title Loans welcomes borrowers of all credit types.

If you provide the items that prove your eligibility for the loan, you can get approved for the loan regardless of what your credit looks like – it can be good, it can be bad, or you may have no credit to speak of. It’s not likely to be an issue.

Things You DON’T Need to Worry About When Getting Alabama Title Pawns

1. Your Credit Score Going Down

At Home Title Loans makes sure to keep the information of each client fully confidential, and never reports to any credit agencies. Since without being reported to a credit agency, the loan cannot influence your credit history, you don’t need to worry about your credit getting worse. But do keep in mind neither will it get better – you can’t use Alabama title pawns to build your credit up.

2. Your Car Being Confiscated

The car will stay with you, and you’re free to drive it around the same as before, as long as you keep making timely payments on your loan. It’s only the car title that will stay with the lender for the loan repayment period, and you’ll get it back after paying the loan off in full.

3. Long Waiting Period

Alabama title pawns are super-fast. With At Home Title Loans, you don’t need to worry about waiting for approval decision for days. You’ll get to know if you qualify for a title loan right after you submit a short inquiry and receive a call from our representative. After you’ve gone through the main process, the money will be deposited to your account as soon as the next business day.

4. Driving Around Looking for a Store Location

You start the application process for At Home Title Loans online, from the comfort of your own home. The only time you’ll have to leave the home will be during a short meeting with our verification agent. You can choose any time and place for the meeting, and our agent will drive there to deliver your loan packet and have you sign some paperwork.

How to Get Alabama Title Pawns

man getting an Alabama title pawn

  1. You start the application process for Alabama title pawns online, without having to leave the comfort of your home for an extra store visit – just fill out and submit the inquiry online form on the website.
  2. When the form gets processed, you’ll get a call from a loan specialist, who’ll determine if you qualify for the loan, and what your monthly payments will be, as well as set up a meeting with a verification agent.
  3. The verification agent will meet you at the time and place of your choosing. They will verify the VIN number and if everything checks out, have you sign some forms.
  4. You’ll have to put your e-signature on the documents you’ll get in the email and send them in. The money will be deposited in your bank account on the next bank business day.

Submit Your Inquiry Today!

Now that you know how Alabama title pawns work, you can make the first step towards getting car title loans completely online by submitting a short intake form on our website. Get started today to receive up to $15,000 cash as soon as tomorrow!

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

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.