Title Loans in Douglasville Georgia
Do you need money to fix a financial problem? What is your financial problem at this moment? Do you have a medical issue and you had to go to the emergency room because you did not have health insurance and then now, you are facing a high medical bill with no money to pay it? While you can work out a payment plan with the hospital, the bill still has to be paid eventually. So, if you can’t pay it, then your credit will be affected because the hospital has no other recourse, but to report it to the credit bureaus. Therefore, it is time to fix the problem with a title loan. Pay off that hospital bill within the next 24 to 48 hours after your title loan is approved and this will allow you to move on, possibly being able to start an emergency saving fund for other urgent financial situations that may come up in the future.
The City of Douglasville
The city of Douglasville is located in Douglas County, which is the county seat. The population as indicated by the U.S. census department was 30,961 in the year 2010 and 20,065 in the year 2000. The city was known originally as Skint Chestnut, which was derivative of a large tree that the Native Indians used as their landmark. The Native Indians with strip the tree of its bark to become more noticeable. The Georgia General Assembly established this town in 875. Douglasville had specific boundaries with its central location pointing opposite to the court house. Visit the official website for the city to learn more.
Title Loan Laws
In the state of Georgia, title loan lending is considered pawn transactions or title pawns. A title loan lender is known as title pawnbrokers. The law allows the title pawnbroker to charge borrowers 25 percent interest rate and no more. The loan term is thirty days. If the borrower rolls over the loan, extending it to ninety days, then the interest rate cannot exceed 12.5 percent.
The loan process for a title loan is simplified by the fact that the lender makes it easy by requesting minimal documents. More importantly, the lender does not base the loan on your credit. So, if you have no credit or poor credit, you can still qualify for title loans as long as you fully own the vehicle that you will use as the collateral.
The requirements for a title loan are minimal. Of course, in addition to having the title of the vehicle in your name and making sure it has no liens, you also have to prove that you are 18 years old or older. A driver’s license or valid government ID can be used. For income, you can provide a few pay stubs, the existing or previous year’s tax return, retirement income, social security benefits, disability benefits, workers’ compensation or unemployment income.
The lender will also need details about the collateral so as to get the appropriate market value for the vehicle. The lender will be able to do this value assessment after receiving pertinent information from you such as:
- VIN number
- Vehicle registration
- Existing mileage on vehicle
- Make, model and the year that vehicle was manufactured
We serve all areas in Georgia, including Atlanta, Columbus and Smyrna. A loan application is available on the lender’s website. So go directly to the website and start the process by completing the loan application for a free title loan quote. It is that easy. Once you have submitted that loan application, your lender’s rep will call to request the required documents, so make sure that you gather them before. Your loan will then be reviewed, processed and approved. Funding could take place within 24 hours. So, put in your application today!