At Jacksonville Title, we know that life can bring unexpected expenses, and sometimes you need quick access to money. While many refer to these transactions as “title loans,” we offer title pawns. This option lets you use your vehicle as collateral to borrow money without the lengthy processes and strict requirements of traditional loans. It’s a fast and convenient way to get the funds you need while keeping your car.
Our office is conveniently located, and we design our services to meet your financial needs. Unlike traditional lenders or credit unions, we don’t conduct traditional credit checks. Even if your credit score isn’t perfect, you can still qualify. Our streamlined process ensures that you get your money lothe same day, helping you address your financial needs quickly.
What Are Title Pawns?
Title pawns are a type of short-term loan where you use your vehicle as collateral. The amount you can receive, often comparable to a loan amount in other financial products, depends on the value of your vehicle. We determine this value through a quick inspection. Title pawns are particularly helpful for those who need quick funds but may not qualify for traditional auto loans due to a low credit score or other financial constraints.
Title pawns offer quick access to funds, but they come with specific terms that you should carefully consider. This type of loan is designed for short-term needs, so make sure the repayment plan fits within your budget.
Ready to get started? Apply now and get the cash you need today!
How Does a Title Pawn Work?
Understanding how a title pawn works with Jacksonville Title is essential for making an informed decision. Here’s a clear breakdown of the process:
Step 1: Apply Online or In-Person
First, you’ll apply either online or by visiting our office. You provide basic information about your vehicle, including the make, model, year, and mileage, along with personal details like proof of income, proof of insurance, and other required documents. It’s important that the vehicle’s title is in your name and free of any liens to ensure a smooth application process. Applying for a title pawn with us is as straightforward as applying for a car title loan.
Don’t wait—apply today and see how much you can receive!
Step 2: Vehicle Inspection
After you submit your application, we conduct a quick 5-minute inspection of your vehicle. This inspection helps us determine your vehicle’s value, which directly influences the amount you can receive. The funds you receive—often referred to as loan amounts in similar services—typically range from 30% to 80% of the vehicle’s appraised value.
Step 3: Receive Cash
Once we approve your title pawn, you’ll receive cash based on your vehicle’s value. One of the key benefits of our service is that you can continue using your vehicle while repaying the pawn, offering both convenience and flexibility.
Step 4: Repayment and Lien Release
Repaying your title pawn is simple and flexible. Each month, you are required to make a payment that covers the interest to extend the transaction for another 30-day period. You also have the option to pay more than your minimum payment to reduce the principal balance. Once the full amount of the pawn transaction is repaid, we will remove the lien from your vehicle, and you will regain full ownership.
What You Need to Apply
To start your title pawn application at Jacksonville Title, make sure you have the following:
- Your Vehicle: We’ll do a quick 5-minute inspection of your vehicle to ensure it qualifies for a title pawn. We’ll check that your vehicle runs properly and assess the mileage to determine its value and the maximum pawn amount we can approve for you.
- Free and Clear Title in Your Name: Your car title, whether physical or electronic, is what we use as collateral for the pawn. The title needs to be in your name and free of any loans or claims from others. If you have an electronic title, your current vehicle registration may be used in this case. We’ll keep your title until you fully pay off the pawn, then we return it to you. As long as you make your payments on time or extend your pawn, you keep your car!
- Proof of Residency: To receive a title pawn from Jacksonville Title, you need to provide proof of residency. This can be something like a phone bill, a utility bill, or a bank statement that shows your name and home address.
- Proof of Income: Although we can approve a title pawn application without proof of income, providing proof of income showing a net of $1,000 or more per month will maximize your approval amount. This proof of can come in the form of a paycheck stub, or, if you receive your paycheck via direct deposit, your bank statement can double as your proof of income as well as your proof of residency.
Need cash fast? Apply now and drive away with the money you need!
Frequently Asked Questions
What Do I Need to Bring to Apply for a Title Pawn?
To apply for a title pawn at Jacksonville Title, you’ll need to bring your car title or registration for electronic titles, proof of income, proof of residency, and a valid ID. If you’re still financing your vehicle, bring your payoff information from your lienholder to determine the equity available for the pawn. We design our process to be as smooth and straightforward as applying for a traditional title loan.
Do I Need to Have Good Credit to Apply for a Title Pawn?
No, your credit score doesn’t affect your eligibility for a title pawn with Jacksonville Title. The amount you receive depends on the value of your car and your ability to repay the transaction, similar to how car title loans are structured but with the flexibility of a pawn transaction.
Can I Still Get a Title Pawn if My Car Isn’t Fully Paid Off?
Yes, you can still get a title pawn if your car isn’t fully paid off, as long as you have enough equity in the car. At Jacksonville Title, we offer a 2nd lienholder program to help you access the equity in your vehicle, which is an option not always available with traditional title lenders.
What If I Can’t Redeem My Vehicle Within 30 Days?
Although title pawns are designed for short-term 30-day repayment, you don’t have to pay back the full amount borrowed plus the accrued interest on the maturity date. We advise our customers that paying the loan in full within the first 30 days is the best and most cost-effective option, but it’s not required. If you can’t pay back your title pawn at the end of the 30-day period, you only need to pay at least the minimum payment, which covers the accrued interest, to extend the pawn transaction for another 30-day period.
Most customers can’t pay back their title pawn within the first 30 days, so if you find yourself in this situation, you’re not alone! We can work with you to keep the account open as long as you need but remember that only paying the minimum payment will cover the accrued interest without reducing the balance you owe. Whenever possible, we recommend paying more than the minimum payment to reduce the balance and lower the interest for the next 30-day period.
Disclaimer
Any transaction with Jacksonville Title is considered a pawn transaction, not a loan. The consumer pledges the property listed above as collateral for this pawn transaction. The consumer isn’t obligated to redeem the collateral. To redeem the collateral, the consumer agrees to pay the total payments on or before the due date, or the extension date, if one is agreed to. Goods not redeemed on or before the due date or extension date become the property of Jacksonville Title.
Additional Considerations
At Jacksonville Title, we strive to provide fast and efficient service, ensuring you get the cash you need without unnecessary delays. Our goal is to make the process as easy as possible. If you have any questions or need assistance, our friendly and professional staff are here to help.
Take control of your finances today—apply for a title pawn and get the cash you need in no time!
If you have any additional questions about the approval process or the documents needed, please call our representatives at (904) 880-2274. We’re happy to assist you with any questions you may have!
Responsible Lending
Jacksonville Title is committed to giving its customers the best experience possible. How does a car title loan work? – 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%*, plus a mail fee of $5.91. Pawn repayment periods can range from 61 to 90 days.
Representative Example
If you choose to pay your pawn within 61 days, then the total repayment for a $100 loan is $100. The customer is also responsible for paying a mail fee of $5.91.
| PAWN AMOUNT (Amount Financed) | PAWN TERM (# of Days) | PAWN FEE (Finance Charge) | CHECK AMOUNT (Total of Payments) | APR |
|---|---|---|---|---|
| $100 | 61 | $0 | $100.00 | 0% |
| Representative Pawn Examples (Changing Terms) | One Time Fee | Total | |||||
|---|---|---|---|---|---|---|---|
| Amount | Term | Rate (APR) | No. of Payments | Monthly Payments | Mail Fee | ||
| $100.00 | 61 days | 0% | 2 | $50.00 | $5.91 | $105.91 | |
* This offer is only provided to customers whose applications 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.
