According to recent studies, about 40% of Americans don’t have $400 set aside in their savings accounts to cover unexpected expenses. This can prove to be problematic if someone is suddenly facing emergency car repairs or surprise medical bills.
If you ever find yourself in this kind of scenario and don’t have the funds to cover the associated expenses, taking out a loan through a Georgia Title Loan company might be your best option. They can be an ideal solution for those who own cars, trucks, SUVs, motorcycles, and other kinds of vehicles.
You may be able to use your vehicle to get access to title loans in Georgia. And in most cases, you can complete your title loan quickly and get your hands on the money you need.
Does this sound like something that might work well for you? Here are the steps you’ll need to take to obtain a title loan.
Begin by Making Sure You Understand What a Title Loan Is
Before you learn about how to take out title loans in Georgia, it’s important for you to know exactly what they are. This will help you decide if taking one out is going to be the right move for you.
A title loan is a type of loan that calls for you to borrow money by using a vehicle that you own as collateral. You’ll need to provide your title loan lender with the clear title for your vehicle prior to them approving you for a loan.
You’re obviously not going to be able to secure a title loan if you don’t own a vehicle outright and have a title in hand. You also might have a tough time securing the level of title loan you’re seeking if your car isn’t worth much.
But generally speaking, title loans can be a great option for someone who needs money fast and has a car they can use as collateral. It’s an excellent way to use your vehicle to your advantage when you’re in a bind.
Look for a Reputable Georgia Title Loan Company
Does taking out a title loan sound like it would be something that could help you? Then it’s time for you to learn how to actually go about doing it.
To start, you’ll need to find a reputable Georgia Title Loan company. You can usually find one by searching for something like “car title loans Atlanta” or “auto pawn Atlanta GA.”
From there, you’ll want to research the different available title loans lenders. It’s always best to find one that has earned a reputation for outstanding customer service.
Start the Title Loan Application Process Online
Once you have selected a Georgia Title Loan company, the next thing you’ll want to do is fill out an application to be considered for a title loan through them. This has never been easier since most companies have made it possible to start the application process online.
It’s worth noting that you will need to meet a number of requirements in order to qualify for a loan. You should make sure you meet them before you invest time in filling out an application. These requirements are:
- You must be at least 18 years of age
- You must have a valid state driver’s license
- You must have a lien-free title for your car
As long as you fulfill these requirements, it shouldn’t take you more than a couple of minutes to initiate your title loan application. You’ll have to provide personal information like your name, the year, make and model of your car, and your contact information.
Visit the Company That Specializes in Title Loans in GA
After filling out your application for a title loan, you’ll then need to arrange to visit your selected Title Loan company location. Be sure to bring your car, your clear title, and your valid state driver’s license.
Many title loan companies have multiple locations for those looking to secure title loans, which allows you to choose the location that’s closest to you.
Find Out Whether You’re Approved for a Title Loan
After you’ve provided the title loan company with everything they need, they’ll review your information, appraise your vehicle, and let you know if you’re approved for a title loan. Most lenders will give you a final decision in 30 minutes or less.
Whereas many of the larger, publicly held title loan companies have limits to the amount of money you can borrow, some privately held companies can lend you much more. Your chosen lender can give you a better idea of how much money you would be eligible to borrow.
Obtain a Title Loan and Start the Process of Paying It Back
If everything checks out and you qualify for a title loan, all that’s left to do is formally agree to the terms. Once you’ve done that, your lender will put cash directly into your pocket in exchange for your car’s title and send you on your way.
The final step, of course, is to pay back your title loan. It’s very important to come up with a plan so that you don’t put your car’s title at risk.
After you’ve repaid your loan in full, you’ll get the title for your vehicle back. It’s really that simple! This makes a title loan one of the simplest ways to get money when you need it most.
Could You Benefit From Taking Out a Title Loan in GA?
Now that you know how to get a loan from a Georgia title loan company, it’s time to decide if taking one out is the best option for you. As you’ve now learned, you can turn the title for your car into cash in a snap!
We would love to speak with you more if you’re interested in securing a title loan. We specialize in providing people with title loans in the Atlanta metro area, and have two convenient locations in Lawrenceville and Norcross.
Contact us today for more information on title loans.