Has COVID-19 left you out of work — and out of cash? If so, a car title loan in Atlanta might be the financial boost you need.
When you’re unemployed, many lenders aren’t willing to loan you money because you don’t have a reliable way to pay them back. But that’s not the case with a car title loan.
Here’s what you need to know to get the funds you need while you’re on the hunt for a new job:
What Is a Car Title Loan?
If you own a car, you could be eligible for a car title loan.
A car title loan is a common loan option that offers you quick cash in exchange for your car title. These are short-term loans, usually as little as 30 days, designed to help you get through tough financial times while you look for employment.
Georgia Title Loans charges a small fee with each loan that allows you to borrow the money. Once you repay the loan and fee in full, we’ll return the car title to you.
How Car Title Loans Work
Your car title serves as collateral, which is why you don’t need to provide proof of income to get approved for the loan.
The process is usually quick and simple to get you much-needed funds almost immediately. This is one reason why car title loans are so popular for unemployed individuals or individuals with bad credit or no credit.
At Georgia Title Loan, we base your loan amount on the equity in your vehicle. For this reason, your loan limit could vary.
While you’re completing the car title loan application, we’ll inspect your vehicle to determine how much cash you qualify for.
Our loan amounts range from $200 up to $50,000, and everything in between.
Best of all, you get to continue using your vehicle with a car title loan in Atlanta. We do not take the car, only the paperwork that goes with your car.
Once you’re approved for your title loan, you can walk out of our office with cash in hand. We’ll go over the loan terms and repayment expectations with you so you know what to expect.
The Benefits of a Car Title Loan
Individuals choose car title loans for a variety of reasons, even when they have several loan options to choose from.
For starters, car title loans offer quick approval for the borrower, even when you are unemployed. Because it uses the car’s value as collateral, you don’t have to furnish a paycheck stub or proof of employment to receive your funds.
There also aren’t a lot of steps involved in approving a car title loan. This simply isn’t the case with traditional bank loans, which require a mountain of paperwork and several days of processing.
Car title lenders like Georgia Title Loans do not require a good credit history or guarantor on your behalf. This is because we use your car title as good faith that you will repay the loan.
Last but not least, we pride ourselves on working with each of our borrowers to set up convenient repayment terms. We can offer a variety of repayment plans, including installment payments that allow you to repay the loan over time.
There’s also no penalty for repaying the loan early. This is especially good news for those who land a job faster than they expected and want to become debt-free as soon as possible.
The Process of Getting a Car Title Loan in Atlanta
At Georgia Title Loan, we know that if you’re coming to us for cash, you’ve already been inconvenienced. Maybe the COVID-19 pandemic has shut down your workplace and you’re not able to earn a paycheck. Or maybe you were the victim of a surprise layoff and have no way to pay your bills.
Whatever the case, we’re here to make getting cash in your hand as quick and easy as possible. Here’s what our car title loan process looks like and what you can expect:
Car Title Loan Requirements
When you apply for a traditional loan from a bank or credit union, the process can take hours and require several pieces of documentation. You could even spend several days waiting for a response!
This isn’t the case for a car title loan in Atlanta. We have very few requirements to get you approved and on your way.
To apply for a car title loan, you’ll need to meet the following requirements:
- Be at least 18 years of age
- Have a valid state driver’s license
- Have a vehicle with a lien-free title
At Georgia Title Loan, we do not perform credit checks or request employment information. This is one thing that makes us different from banks and credit unions.
As long as you meet the above requirements, you can apply for a car title loan in Atlanta online or at one of our locations.
Applying for the Loan
Once you have all the right documentation, you can apply for a car title loan in Atlanta. We’ve made it easy for you by allowing you to start the process on our website.
Or, you can visit one of our locations in Atlanta, Conyers, Norcross, or Lawrenceville to apply in person.
If you choose to start the process online, you will still need to visit one of our branches in person to collect your cash and complete the application.
The application process should take about 30 minutes or less from start to finish. Our goal is to put cash in your hand as quickly as possible so you can take care of business.
Where to Get a Car Title Loan in Atlanta
When you need cash fast, there’s no simpler solution than a car title loan.
At Georgia Title Loan, we’ve made it as easy as possible to get a car title loan in Atlanta. Choose from one of our locations or start your application process online!