Auto Title Loan: Frequently Asked Questions

What is an auto title loan? An auto title loan is a secured, short-term loan based on collateral. The collateral you provide is a clear, lien-free car title in your name. You can simply go through our quick and easy application and approval process, provide us with the clear title of your vehicle, and receive cash the same day. No keys are required to receive an auto title loan, and we only hold your title until your loan is paid in full.

How much can I borrow? Our loan amounts vary based on the value of your vehicle and extend up to $5,000. When you visit one of our offices, we give your vehicle a quick 5-minute vehicle inspection to determine its value, and then begin calculating your loan amount. Once your car’s value is verified, and you are approved for the loan, you receive your cash that day. Our loan specialists will do all they can to ensure you get the funding you need

Does a title loan affect my credit? Our car title loans require NO CREDIT CHECK. We understand people get in tight spots, and if you don’t have good credit, you can freeze out of most borrowing opportunities. Rather than basing your approval on the typical qualifications most lenders require, we use your vehicle as collateral. In the event of a default on the loan, nothing is reported to credit bureaus, but you may lose possession of the collateral.

[O.C.G.A. Section 44-12-138(b)(3)]
Failure to make your payment as described in this document can result in the loss of your motor vehicle. The pawnbroker can also charge you certain fees if he or she actually repossesses the vehicle.

How much does a title loan cost? There is no application fee to apply for a car title loan, and we ask for no money until your first payment is due. Once you have been approved and accept the loan, you will be charged $25 per month for every $100 you borrow. We do offer promotional interest-free loans (with certain restrictions) where no finance fee is charged.

What personal information is needed to apply for a title loan? When you apply for a car title loan, we will need to see your vehicle for a quick 5-minute inspection. By completing this inspection, we will set the loan amount for the vehicle based on its value. We will also need your clear and free title, proof of income with a net monthly income of at least $1,000, and proof of residency. Proof of residency can include a phone bill, a utility bill, or a bank statement. The bank statement can also double as your proof of income if your job offers direct deposit; otherwise, you will need check stubs. We have a number of programs to allow us to process loans for all circumstances. In the event that you do not meet one of our standard requirements, such as the income restrictions, we still might be able to help you!

Call our office now for instant pre-approval (904) 880-2274!

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