Do you own a car and need money urgently? Worried that you won’t get a loan from a bank because of bad credit history? Title pawning is the perfect solution to your problem. Non-bank organizations provide an opportunity to get fast money if you leave your car as collateral until the end of the loan repayment.
What is title pawning?
The title pawn loan service in August 2022 gives you the opportunity to get fast money even with a bad credit history, considering that you provide your car as collateral for the loan term. Lender estimates the value of the car and can provide you with an amount equal to 60-80% of the car’s value. The big advantage of title pawning is the fact that you can continue to use the car for the entire term of the loan.
To get a title pawn loan, you only need to follow a few simple requirements. Filling out an online application for a loan takes no more than 10 minutes, and the funds arrive in your account within one business day.
What are the requirements to get a title pawn loan in August 2022?
As of August 2022, there are top 5 basic requirements that you need to follow to get a title pawn online on maggieloans.com:
- ID card issued by the US government
The main document that is needed to obtain a title pawn is an ID that confirms your age and US citizenship.
- US citizenship
As already mentioned, title pawn loans are issued only to citizens and residents of the United States.
- Proof of income
To get a title pawn, you need to provide proof of income for the last few months. Proof of income does not have to be from official employment, as a pension, disability income or other sources of income are also suitable for a lender.
- Valid phone number, email and bank account
Email and phone number are needed to receive the contract, verification and other notifications. A loan is transferred to the bank account and the payment of the installments is withdrawn from the bank account as well.
- Car ownership
In order to get a title pawn loan, you must show that you are the sole owner of the vehicle. A vehicle cannot be owned by more than one person.
Title pawn application process in August 2022
For maximum user convenience, many banks and financial institutions as title pawn on pitriloans.com offer to issue a title pawn online in August 2022. To get a title pawn loan remotely, you must do the following:
- fill out the application remotely;
- receive full information about credit products;
- choose the option you like best – amount, interest rate, term and monthly payments;
- sign the contract online;
- receive money in the account.
By following these simple steps, you can get a title pawn without leaving your home and with no down payment.
So, in order to get a title pawn loan, you need to meet a few simple requirements:
1. Fill out the form on the site or contact the lender by phone. In order to get a title pawn, you first need to find a suitable organization and find out its conditions.
2. Provide all required documents. In order for the lender to make sure that you meet all the criteria for obtaining a loan, you need to provide documents such as ID card and proof of income.
3. Do not forget to pay the title pawn on time. In order not to lose the ownership of the car, pay the installments on time or ask the lender for a repayment delay if needed.