subject: Auto Pawn Loans Vs. Loans From The Bank [print this page] Need a small, personal loan fast? Dont head to the bank. A cash advance against a credit card is your only option at a bank, and in order to do that, you need to have a credit card with some balance left. Transaction fees must then be factored in. Dont have a credit card, or have bad credit? Forget about it.
You could borrow money from friends, family, or neighbors. Or you could take out an auto pawn loan, also known as a car title loan and get the money you need, without impacting your credit or involving your family.
With auto pawn loans, you use your cars title as collateral. You borrow against the cars title, also known as a pink slip in exchange for the money you need. You get to drive the car while youre paying off the loan.
Getting an auto pawn loan is simple, especially with more and more title loan companies offering services online. Make sure that before you fill out any of your personal information that the online application form is on a secure site. If you are not comfortable with an online application do not hesitate contacting the company directly via a telephone call.
Youll be asked to type in pertinent information about you, your employment status, residence, your car make and model information, car insurance information, and how much youre requesting to borrow.
After submitting the form, youll be contacted either by phone or by email typically within 24 hours, about the status of your loan.
Once contacted by your title lender, make sure to listen very careful to all instructions and information regarding your loan. Its very important to make your payments at the time specified by your loan officer. A reputable, responsible title lending company will help make sure you obtain a loan that you can pay off successfully.
by: Laine McKenna
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