Are Vehicle Title Loans Legal in Your State?

People who are in dire need of fast cash may be pulling their hair out, not knowing what to do. If you are one of them, what you may not realize is that there is often a reliable source of cash sitting right in your own driveway. If you own a car, a title loan can be the quickest and safest way for you to get the money you need. If this is legal in your state, title loans are a simple and quick way to help you meet your financial obligations without worry.

Guaranteed Approval

One of the best things about vehicle titles loans is that everyone is approved. Bad credit, no credit or prior bankruptcies will not affect your approval, TitleMasters confirms. The amount you can receive is dependent upon the value of your car, but no one is turned away when they are in need of cash. The title loan company will simply use the vehicle as collateral for the loan, meaning that you will not only get the cash you need, but will also be able to keep your car. This keeps you moving forward and enables you to pay back your loan, worry-free.

No Penalties If Paid Early

Another great aspect to these types of loans is that you are not penalized if you decide to pay back your loan early. All you have to do is produce the payment for the full amount of the loan at any time during the term of the loan, and you will be free and clear of debt. This simple process makes the idea of taking out a title loan much less frustrating and can help you move forward faster than a conventional loan agreement.

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No Credit Check

Many people who have bad credit feel that no one will help them if they come upon financial hardships. Title loans give you the chance to get the money you need without the worry of your past financial history. This means that these types of loans are available to just about anyone who owns a car and is in need of money.

Variety of Locations

There are 16 states that currently allow vehicle title loans, and many others are considering them as people look for ways to get cash in their time of need. If you need a title loan, Atlanta and other cities around the country have many businesses where you can obtain cash quickly. For example, getting an Atlanta title pawn (as it is commonly called in Georgia) is just as easy as it would be in Kansas City, Missouri.

Getting a car title loan is one of the easiest ways to pay bills, buy groceries, or pay for other everyday or unexpected expenses. The easy acceptance process makes them available to everyone, regardless of economic status or credit history. They are safer than some other loans, and save people both time and money. Title loans are a viable option that can be utilized by anyone facing hardships, and wanting to get back on track financially.


Karla M. Somers is a freelance writer, small business owner and Georgia resident. She is a contributing writer for Atlanta area loan experts, TitleMasters.

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