At first, a title pawn loan appears fast and easy. After all, you need cash and since your car is paid off and since your credit score may not be outstanding, you decide to visit a title pawn loan store. They tell you that the amount you can borrow is based on how much money you need, the value of your vehicle, and your ability to repay the pawn loan.
Car title pawn loan risks
The plan is fairly straight forward. As long as your car is paid off and the title is free and clear, you can get approved because most credit is welcome. Understand, you are signing your car title over to the title loan company. That makes them, in effect, the owner of the car. Then you are forced to pay monthly or weekly or risk losing your car. And, we’ve not even mentioned the high payments and high interest costs you’ll pay.
Considering a title pawn loan? Don’t do it!
Are you trapped in a high interest title pawn loan? We could get you out of it.
Call the friendly people at 1-800-New Rate or book your consumer loan online today. By answering a few questions you can be on your way to solving your title pawn loan dilemma today. Your payment could be considerably less and you could keep your credit intact.
We are a consumer loan company and could be able to decrease your payments and decrease your interest rate!
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