If you’re searching for the best title pawns near Panhandle, Florida, you may not know where to start. So, in this guide from Panhandle Title, we’ll discuss a few steps you can take to make sure you get a good rate on your car title pawn, as well as a convenient service.
1. Compare Rates & Pawn Amounts Between Lenders
First, it pays to compare lending rates between title lenders. Depending on the value of your car and your income, you may be able to qualify for a lower rate or a higher loan value, depending on the lender you choose, which may give you more flexibility.
2. Learn More About Pawn Requirements
The requirements for a car title loan are commonly different between lenders, so make sure you’re eligible before you apply. For example, we require the following at Panhandle Title:
- A free and clear car title in your name
- Proof that you make $1,000 or more per month (net income)
- Proof of residency
- Your vehicle for a quick 5-minute inspection at our office in Cottonwood, AL
If you meet these requirements, you can qualify for a car title pawn even if you have bad credit. However, each lender is different, so make sure you consult their website or get in touch to learn more about the different requirements of each lender.
3. Find Out How the Application Process Works
Some lenders may let you apply online, while others may require you to come to a title pawn office. You can usually find out more information about the application process on a lender’s website.
We at Panhandle want the process of obtaining a car title pawn to be as easy as possible for you.
4. See How Fast You Can Get Your Funds
Depending on the title pawn company you choose, you may be able to get money for your car title, or they may write you a check. Some lenders, particularly those that operate online, may even deposit your money directly into your bank account, so be aware of this – you’ll need a checking account that’s in good standing with your bank if you choose a lender that offers direct deposit.
Ideally, your lender should be able to provide you with your money right away – or within 1 business day of your application, at most. Avoid any lender that has a reputation for long waiting times!
5. Avoid Companies That Charge Prepayment Penalties
A prepayment penalty means you’ll be charged additional fees for paying your pawn off early. Avoid any lender who charges these penalties. Paying your pawn off early is a good thing – your title lender shouldn’t punish you for it!
One of our benefits here at Panhandle is that we don’t charge early payment fees.
Need a Title Pawn in the Florida Panhandle? Come to Our Office!
At Panhandle Title, we offer fast title pawns with minimal requirements and same-day pawn payments. If you need emergency funds in the area, don’t wait – Apply today! Got questions? Need help? Give us a call at (850) 785-2274 or contact us online to get assistance.