If you’re in the United States, looking for a quick way to get money, and you don’t have a good credit score; or if you are bankrupt and are looking for a loan that is easy to get and that does not involve many complications or paperwork, a possible solution to your problems are the so-called car title loans or pawns.
In general, lenders usually offer you a rate of between 25% to 50% on the value of your vehicle, which generally ranges from US$500 to US$5,500. But it is possible to find loans for amounts of US$10,000 or more. So, if you’re interested, here We will tell you about the best places to pawn your car title and get some quick money to solve your problems.
In which states of the USA is it allowed to pawn the car title?
First of all, you should keep in mind that car title loans They are NOT allowed in all states. Only 22 states offer this service, but in 6 of them (California, Florida, Louisiana, New Hampshire, Oklahoma, and Ohio), lenders take advantage of certain legal loopholes to avoid prohibitions.
Therefore, only 16 states are 100% legal in terms of car title loans, these are: Arizona, Alabama, Delaware, Georgia, Idaho, Illinois, Mississippi, Missouri, Nevada, New Mexico, South Carolina, Tennessee , Texas, Virginia, Utah and Wisconsin.
What requirements do I need to pawn the car title?
In order to opt for this type of service, your car must meet some requirementsBesides, of course, the car must be in good condition. Keep in mind that these requirements will depend on the lender, so you should contact them directly to find out everything you need. In any case, these are usually the following:
- The vehicle must not be very old (usually less than 10 years).
- must be insured
- Have passed the corresponding reviews required by law.
In addition, the requirements that the applicant must meet They are:
- Reside legally in the United States.
- Being of legal age (sometimes even over 21 years old)
- Have an identity document (driver’s license or passport)
- Have a Social Security Number or an ITIN.
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The best places to pawn a car title
If you want to pawn the title of your car, we bring you the best places where you can do it in the United States.
1.OneMain Financial
The first one we recommend is OneMain Financial, a highly regarded lender offering personal and auto loans ranging from $1,500 to $20,000. They have a history of more than 100 years, offering fixed rates and fixed payments, as well as personalized service in approximately 1,400 locations.
2. LoanMart
Next, we have LoanMart, this lender has 1,301 locations in 29 US states and although it has slightly fewer years of experience, being active since 2002 (which is already quite a lot), its numbers speak for themselves, with a rating of 4 .5 stars in Google Rating and 4.6 stars in Trustpilot. They generally offer a percentage of between 25-50% of the value of your vehicle depending on your status and income.
3.Choice Cash
In the third square is Choice Cash, and like the previous ones, offers services in more than 20 states. ChoiceCash Title Loans, is serviced by LoanMart, and was launched in 2019 with the goal of being one of the best title loan/pawn options available to US residents. ChoiceCash does not disqualify people based on history alone financial or credit score.
4. Title Max
Finally, we close the ranking with Title Max, is present in 17 states of the country, and offers auto title loans of up to US$10,000, keeping payments manageable. If you have a clean car title and government-issued identification, you can get a title pawn even if you have bad credit. Something remarkable is that in case of having a pawn with another company, they could reduce the rate of your existing pawn and pay off your current loan.
Other places where you can pawn your car title
In addition to those mentioned above, you can pawn your vehicle through other pages such as GreenDayOnline, AmericanTitleLoans either IneedCashNow, to name a few. Remember that everything you need to know can be found through the pages of each lender or by calling the number provided therein.
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Writing Gossipvehicle