More and more often these days people are finding themselves in financial situations that demand cash right away. When it comes to picking up some fast cash, two ideas generally come to mind; auto title loans and a trip to the local pawn shop to hock something of value.
Now, pawning valuables may be a popular way to pick up some cash fast, but who wants to part with family heirlooms or other important household items just to get a few extra dollars? An auto title loan, on the other hand, could put fast cash in your pocket in as little as 30 minutes and you don’t have to give up any of your stuff to do it.
Title loans don’t require you to give anything up except the lien-free title to a vehicle you own. This is only used to secure the title loan and is returned when the loan is paid off. The main difference between pawning valuables and taking out an auto title loan is that you keep and use your vehicle while repaying your loan, while with a pawn you do not have access to your items. Knowing this, you would think that most people would prefer to go the route of getting a title loan, but far too many people are still falling into the trap of the pawn shop hustle.
When it comes to pawning your valuables, you never get anywhere near the actual value of the items you pawn. Pawn shop owners will invariably try to get away with giving you pennies on the dollar for something that actually has a lot of value. If you’re not careful, you could get cheated out of a significant amount of cash and not even realize it.
If you’re thinking of going to the pawn shop, you might want to consider posting your items on eBay, Craigslist or an app like OfferUp instead. Find out how much your item is worth and price it within that range. If you don’t mind the added time and effort, getting extra cash this way would be a better option than pawning. But if you need cash right away, you may want to consider other options.
This is where an auto title loan comes into play. Auto title loans provide cash based on the actual value of your vehicle. You don’t have to give up the vehicle itself, only its title. Once your auto title loan is paid back, your title is returned to you. It’s as simple as that. If you’re in a financial bind that requires cash right away, an auto title loan could be the right choice for you.
To get started, simply fill out an online request form and answer the phone when a representative calls you back to explain the approval process, answer any questions you have and help you prepare to visit their store. When you’re ready, grab the required items for your Virginia title loan and drive to their store. In as little as 30 minutes you could be in and out with the cash you need!
While heading to the pawn shop may be a nostalgic notion, it is also a reminder of a time when consumers had fewer options at their disposal when facing a cash emergency. Why risk losing your irreplaceable family heirlooms or going without your flat screen TV every time a financial problem pops up? Next time, drive right past the dusty old pawn shop and into the new era of getting emergency cash with an auto title loan.