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Benefits of Getting A Title Loan [Infographic]

Last updated on November 26, 2016

We put together an infographic that goes over some of situations that a title pawn (or as most call it – a title loan) might be beneficial, along with some information about how it works. You may be struggling to find a solution to your financial hardship, or you may need quick cash to cover a purchase or investment, and these are some of the benefits of getting a title loan.

Infographic

Infographic about the benefits of getting a title loan

Want to use this infographic on your website! Go, baby, go! Here’s the embed code:

<a href="https://firstchoicetitlepawn.com/blog/title-loan-benefits"><img src="https://firstchoicetitlepawn.com/wp-content/uploads/2016/11/title-loan-benefits.png" /></a><br>Infographic courtesy of <a href="https://firstchoicetitlepawn.com">First Choice Title</a>.

Title loans

A title pawn, more commonly known as a title loan, is a quick and convenient way to borrow money if you own your car or other collateral with a title. Getting a title loan is simple. Do you have the title to your car, or do you owe a small amount that can be paid off with the loan? Then you’re likely already approved!

Benefits of title loan

Many people with a steady income that own their car could benefit from taking out an auto title loan. Titled collateral such as boats, motorcycles, ATVs, trailers and more often qualify. You can get cash in exchange for handing over your title as collateral. Here are some of the key benefits of title loans to help you decide if this type of borrowing might be right for you:

  • Quick access to cash. You need to complete a title loan application and can have the cash in your hands in as little as 20 minutes.
  • No credit check. Title loan companies do not do a credit check, which is often something that prevents those with a low credit score from getting a loan. Bad credit or bankruptcy is OK.
  • As long as you have a steady income and a clear title, you qualify. Even if you already have a loan with another title pawn lender, they can be bought out – often lowering your payments or getting you more money.
  • Cheaper than a cash advance. Title loans tend to work out cheaper than a payday loan or check loans, as they usually offer lower interest rates. This is because a title loan is secured by your vehicle, using your car title as collateral.
  • Eliminates stress. If you are going through financial hardship, getting quick cash via a title loan can help you get back on your feet.
    Using a title loan to pay off your expenses will help you get through tough times.

How Can First Choice Help You?

We strive to provide you with the best interest rates and highest loan amounts in the business. We lend money on cars, motorcycles, semi-trucks, boats, 4 wheelers, side by sides; and any equipment like tractors or bulldozers, utility trailers, airplanes and mobile homes.

How does a title pawn work?

  • You can start by providing us with your name, vehicle, phone number, and zip code at our website.
  • We’ll use your zip code to figure out which one of our lending offices is closest to you, and a lending expert will call you.
  • We’ll give you an idea of how much money you can borrow, what you need to bring, and what the payment will look like.
  • In order to be approved, you need the title to your vehicle or other collateral.

How to get a title pawn?

  1. Bring your car title
  2. Bring your driver’s license
  3. Bring proof of income (like a paycheck stub)
  4. Bring proof of address (like a utility bill)
  5. Drive your car (or bring your collateral) to your local First Choice office

If you don’t have all of these things, don’t worry! Fill out the quote form, and we’ll give you a call!

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