Are you wondering how a car title loan works with Panhandle Title? We make it easy to get the money you need at our office in Cottonwood, AL. Whether you’re facing unexpected expenses or just need some extra funds, our process is simple and straightforward.
Disclaimer: Any transaction with Panhandle Title is considered a Pawn Transaction, not a loan. The Consumer pledges the property listed above as collateral for this pawn transaction. The Consumer is not obligated to redeem the collateral. To redeem the collateral, the consumer agrees to pay the Total Payments on or before the due date, or the extension date, if one is agreed to. Goods not redeemed on or before the due date or extension date become the property of Panhandle Title.
1. Get an Instant Email Quote Online, or Visit Our Office
If you’re ready to get started with a car title loan, you can get an instant email quote with a car title pawn from Panhandle Title. Just provide some basic details about your car and the amount you need. Our loan officers will handle the rest.
You can also visit our office in Cottonwood, Alabama, conveniently located near the Florida Panhandle. For more information, check out our Title Pawn Requirements and come see us today!
2. Ensure You Meet Our Requirements and Bring the Necessary Documents
Before heading to our office, make sure you meet our simple requirements for a Panhandle Title:
- A Free and Clear Car Title: Your car title must be in your name with no liens. You must own your car outright, as it will be used as collateral. If another lender has a lien on the car, you will not qualify for a title pawn.
- Proof of Residency: Bring a document that proves your current address, such as a bank statement, phone bill, or utility bill with your name and address.
- Proof of Income: Proof of Income is not a requirement for approval, but providing your proof of income could help to maximize your approval amount. This can be demonstrated through a pay stub, bank statement, or other verifiable documents.
For a detailed overview of these requirements, visit our Requirements to get Approved page.
3. Get Your Vehicle Inspected by Our Office
When you arrive at our office to apply for a car title loan, also known as title pawn from Panhandle Title, we’ll inspect your vehicle to verify its mileage, condition, and value. The value of your car will determine the approval amounts you can borrow. Don’t worry – the inspection is quick and easy, and you keep both your car and your keys throughout the process.
4. Sign for Your Agreement and Get Your Check (Keep Your Car!)
After your car passes inspection and your application is approved, you will sign the necessary documents and receive your funds immediately. A lien will be placed on your car title, meaning your vehicle is collateral for the account. However, you keep your car and can continue using it as normal.
5. Repay the Account to Get Your Car Title Back
You’ll keep your car and keys throughout the entire process with Panhandle Title. Once you’ve repaid the pawn according to the agreed-upon terms, you’ll get your car title back, free and clear. If you do not redeem the collateral by paying off the amount you owe by the due date or agreed extension, Panhandle Title will retain ownership of the vehicle, which could result in you losing your vehicle.
Why Choose Panhandle Title?
Panhandle Title is Alabama’s most reputable pawn lending company. With over 10 years of experience and nearly 3,000 satisfied customers, we pride ourselves on providing clear and confident service. When you need a title pawn fast, there’s no better team than Panhandle Title.
Our office, located at 14341 S US Hwy 231 Ste. 2 Cottonwood, AL 36320, offers a variety of title loan programs, including options with no proof of income and the exclusive 30-day interest-free first-time borrower promotion. We make it easy to get the money you need, often in 30 minutes or less, with no traditional credit checks or additional fees.
As one of the leading title loan lenders in the area, we understand that every customer’s situation is unique. That’s why we offer a flexible application process tailored to your needs, ensuring you can secure the funds you need without unnecessary hassle.
For those in the Florida Panhandle area, learn more about Title Pawns for Florida and how we can help you. If you’re located in Dothan, Alabama, we’ve got you covered with our Title Pawns in Dothan, AL services.
Apply Today for a Panhandle Title
At Panhandle Title, we make it easy to get the money you need, conveniently located just near the Florida Panhandle area. Visit our office today at 14341 S US Hwy 231 Ste. 2 Cottonwood, AL 36320, or call us at (850) 785-2274, and see how you can get up to $15,000 in just 20 minutes – with no traditional credit checks required! Learn more about our Fast Money Solutions for Car Title Pawns With No Credit Check.
For more information about our services, visit the Panhandle Title website.
Frequently Asked Questions
What Are the Typical Repayment Terms for a Title Pawn?
Repayment terms for title loans, or a title pawn from us, is 30 days. Extensions or renewals may be available, but always review the terms and conditions of your contract before signing.
What Is the Highest Title Pawn You Can Get?
At Panhandle Title, you can borrow up to $15,000, depending on the value of your vehicle and your ability to repay the account. The exact approval amount is determined during the vehicle inspection.
Do Title Pawns Hurt Your Credit?
Title loans, or a title pawn from Panhandle Title do not typically affect your credit score unless the loan is reported to credit bureaus, which is uncommon. However, failure to repay the loan can result in the lender repossessing your vehicle, which can have serious financial consequences.
What Do You Need for a Title Pawn in Alabama?
To apply for a title loan, or a title pawn in Alabama, you need a free and clear car title in your name, proof of residency, and providing proof of income showing at least $1,000 net monthly can help to increase your approval amount.
Responsible Lending
How do title loans work? Is committed to giving its customers the best experience possible. Car title pawns are secured by the equity in your vehicle. This type of pawn is not intended to be a long-term solution. The max APR for a title pawn is 0%*. Pawn repayment periods can range from 61 to 120 days.
Representative Example: If you choose to pay your pawn within 61 days then the total repayment for a $100 loan is $100.
| PAWN AMOUNT (Amount Financed) | PAWN TERM (# of Days) | PAWN FEE (Finance Charge) | CHECK AMOUNT (Total of Payments) | APR |
|---|---|---|---|---|
| $100 | 61 | $0 | $100.00 | 0% |
| Representative Pawn Examples (Changing Terms) | Total | ||||
|---|---|---|---|---|---|
| Amount | Term | Rate (APR) | No. of Payments | Monthly Payments | |
| $100.00 | 61 days | 0% | 2 | $50.00 | $100.00 |
* This offer is only provided to customers whose applications originated via a paid Google advertisement. Your actual rate depends upon loan amount, loan term, credit usage, and history, and will be agreed upon between you and the lender.