Pawn Shop Title Loans Near Me



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▷Popular search {2024-12-11}


▷Latest search {2024-12-11}


▷About pawn shop title loans near me

Find a pawn shop title loans near you today. The pawn shop title loans locations can help with all your needs. Contact a location near you for products or services.

Getting a title loan from a pawn shop is a quick way to get cash when you need it. Here are some commonly asked questions about pawn shop title loans.

What is a title loan?

A title loan is a short-term loan where you use the title (ownership papers) of your vehicle as collateral. You borrow money using your car as security. If you don't repay the loan, the lender can repossess your vehicle.

How much can I borrow?

The amount you can borrow depends on the value of your vehicle. Most lenders will lend up to 50% of your car's value. The average title loan amount is $700-$3,500 with repayment periods of 30 days.

What is the interest rate?

Title loan interest rates are typically high at around 25% per month (300% annual percentage rate). Some states have caps on title loan interest rates to help protect consumers.

How do I get approved?

To qualify for a title loan, you typically need to own your vehicle outright, have a valid driver's license, proof of income and residence. The lender will also inspect your car to evaluate its condition and value before approving the loan.

Can I get my car back if I can't repay?

If you can't repay the loan by the due date, you can extend the loan for additional fees. But if you fail to repay it entirely, the lender can repossess your vehicle and sell it to recover their costs. Be sure you can afford the repayment before taking out a title loan.

▷How to find pawn shop title loans near me

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