HOW A TITLE LOAN WORKS
A title loan is meant to be a short-term loan however, you can keep the account as long as you need to if you make the minimum monthly payment on or before your due date.
Step 1: Apply online or come by our office to get approved for a loan. In order to be approved, please bring all required documents with you.
Step 2: Our title loan staff will complete a quick 5-minute inspection of your vehicle.
Step 3: You are given cash for the value of your vehicle. No keys are required; you get to keep your vehicle.
Step 4: Once you have paid back your title loan in full we will release the lien on your vehicle and will return the title to you.
**Because of the high risk associated with short-term loans, this type of pawn is not intended to be a long-term solution.
Panhandle Title Loan 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)
|Representative Pawn Examples (Changing Terms)
||No. of Payments
* This offer is only provided to customers who application 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.
This privacy notice discloses the privacy practices relating to this website for Panhandle Title Loan (referred to herein as "Panhandle Title"). This privacy notice applies to information collected by phone, email, and/or this web site. The purpose of this privacy notice is to address the following: 1) What personally identifiable information is collected from you through the web site, how it is used and with whom it may be shared; 2) What choices are available to you regarding the use of your data; 3) The security procedures in place to protect the misuse of your information; and 4) How you can correct any inaccuracies in the information.
Collection, Use, and Sharing of Information
Your Access To and Control Over Information
You may opt out of any future contacts from Panhandle Title at any time. To do any of the following, you should contact Panhandle Title via email at [email protected] or by calling (850) 785-2274: 1) See what data Panhandle Title has about you, if any; 2) Change/correct any data Panhandle Title has about you; 3) Have Panhandle Title delete any data it may have about you; and/or 4) Opt out of receiving phone calls relating to, or emails containing, offers or updates regarding your account.
Data Security, Storage, and Employee Limitations
Panhandle Title takes several precautions to protect your information. When you submit sensitive information via this Panhandle Title web site, your information is protected both online and offline. Whenever Panhandle Title collects sensitive information (such as personal data), that information is encrypted and transmitted directly to Panhandle Title's database in a secure way. While Panhandle Title uses encryption to protect sensitive information transmitted online, Panhandle Title also protects your information offline. Only employees who need the information to perform a specific job (for example, customer service) are granted access to personally identifiable information. The computers/servers in which Panhandle Title stores personally identifiable information are kept in a secure environment.
Links To Other Web Sites and Services
Panhandle Title may have links to outside affiliates and/or third-party websites and is not responsible for the content or policies on those sites. Panhandle Title is not responsible for examining or evaluating businesses or individuals or the content of their websites.
We Carefully Limit And Control The Sharing Of Customer Information
We disclose "nonpublic personal information" as permitted or required by a variety of federal or state laws, such as response to a subpoena. We only collect information needed to serve you and conduct our business. This information my come from public records including but not limited to Department of Motor Vehicles, any state agency related to the motor vehicle, its title, or registration status.
All questions or comments regarding the aforementioned policies should be directed to Panhandle Title using the address listed below. All inquiries will be addressed and responded to within a reasonable time period.
Attn: Brooke Brandon
14341 S US Hwy 231, Suite 2
Cottonwood, Alabama 36320
By providing your email address or other personal information to Panhandle Title, or by completing an application with Panhandle Title, you understand and do not dispute the terms outlined in this privacy notice.
GENERAL CODE OF PRACTICE/ POLICY ON RESPONSIBLE LENDING
Panhandle Title we are proud to be a responsible participant in the Title Pawn industry. We strive to provide excellent service to our customers, and therefore adopt the following as representative of our core values:
- We will not encourage customers to engage in a pawn transaction if we do not believe that our service is appropriate for them.
- We will not intentionally market to people who are financially insecure.
We will not encourage people to borrow more than we believe they can afford to repay.
- We will do our best to provide information so our customers have a clear and understanding of the services we provide.
- We will comply with appropriate state and local regulations related to short-term loans.
First, determine whether a pawn transaction is in your best interest. If you do not feel that you will realistically be able to pay it back in a timely manner, understand that you may run the risk of incurring extra charges by allowing the contract to rollover.
We recommend that you not engage in a pawn transaction unless you fully understand, and are comfortable with, the terms and conditions. The finance charge is 25% every 30-calendar days on the principle balance of the pawn transaction. In addition, fee(s) may be charged to register a lien on the title and are only charged in the event that the lien is secured and due at the time that the account is paid in full. Because of the high risk associated with short-term loans, the Annual Percentage Rate (APR) can be as much as 300%.
Panhandle Title facilitates pawn transactions that are conducted in a secure and responsible manner, with appropriate consumer protections. Our principles and core values include, but are not limited to, full disclosure, truthful advertising, and fair collections practices.
We comply with the disclosure requirements of the state in which the title pawn office is located and with federal disclosure requirements including the Federal Truth in Lending Act. Our title pawn contracts with customers fully outline the terms of the transaction. We disclose the cost of the service fee both as a dollar amount and as an annual percentage rate ("APR"). We further ensure full disclosure by making rates clearly identifiable to customers before they enter into the transaction process, unless not permitted by federal, state, or local law.
We comply with all applicable laws. As such, it is our policy to not charge any fees or rates for a pawn transaction that are deemed unauthorized by state or federal law.
Truth In Advertising
We do not advertise the title pawn service in any false, misleading, or deceptive manner, and promote only the responsible use of our title pawn service.
Encouraging Consumer Responsibility
Through this policy on responsible lending, we educate our customers that these loans are meant to provide you with short-term financing to solve immediate cash needs and should not be considered a long-term solution.
Collection Policies and Practices
Our collection agents will collect past due accounts in a professional, fair and lawful manner. Upon Default, the following are examples of things that may occur:
1. Contact with you may be attempted through all provided means including active phone numbers for all account holders, references, letters and emails.
2. Repossession of the collateral at issue in the transaction.
3. Litigation to recover balance in full in which debtor will be responsible for all associated costs and fees including attorneys' fees.
The term of the pawn transaction is up to 120 days. In the event that the redemption premium is not received on the 30th day, the account will automatically renew into another 30-day term acquiring additional fees to automatically accrue on the account until the balance is paid in full. If you are unable to pay the account in full, the minimum payment of the interest accrued can be paid to renew the term and avoid further collection.
Panhandle Title does not report any information about your account to credit bureaus. Late payments, missed payments or default on your account will not be reflected on your credit score. Panhandle Title will repossess any collateral in the event of a default.