What is a title loan?

What is a title loan?

A title loan is an easy and hassle-free way to get the money that you need, for whatever you need without the traditional inconveniences that come with a traditional loan. With a title loan, you need just a few documents for your approval, and you receive a short-term loan against the equity that you have in your vehicle, using your vehicle title as the collateral for your loan! We never check your credit, and your credit never plays a factor in your approval for a title loan with Jacksonville Title!

Since title loans are traditionally a short-term loan, your repayment terms for the account with Jacksonville Title are very simple. In Georgia, the title loan is a 30-day pawn transaction and there are no strict end dates for when the loan has to be paid back but like any other financial obligation, the longer that you have an outstanding balance, the more money you will end up paying for that transaction. If you are unable to repay the full payback of the pawn at the end of your 30-days, you will just simply pay the finance charge as indicated on your pawn agreement. At Jacksonville Title, we strongly encourage customers to pay more than the minimum payment to reduce the outstanding principal balance of their title pawn and reduce the finance charge for the additional 30-days.

Title loans are a simple and easy way to gain access to an unconventional line of credit. With Jacksonville Title, your initial application will be approved based upon the equity that you have in your vehicle. Once you establish an account with Jacksonville Title, you are able to increase your borrowing power and your line of credit based upon your payment history. We have a number of programs that allow for our customers to qualify for increased amounts with future accounts that they open with our company.

Vehicles are a common asset that most of America owns and you have equity in your vehicle regardless of the condition. At Jacksonville Title, we make it easy for customers to access the equity that they have in their vehicle by exchanging your title for a short-term title pawn transaction that helps you get the cash that you need easy and pain free. The borrower has the power in the title loan transaction as they are able to decide the length of time that they take to payback the title loan with Jacksonville Title.

Still have questions? We have the answers! Call our friendly team at (904) 880-2274 to help answer any questions you may have regarding applying and getting approved for your title loan today! We look forward to assisting you!