How does our product works?
At Lake Title, we know that life can bring unexpected expenses, and sometimes you need quick access to money.
We offer a financial product that may be exactly what you are looking for In Georgia, title pawns allow you to use your vehicle as collateral to borrow money quickly and conveniently, without the lengthy procedures and stringent requirements associated with traditional financial services This means you can access the funds you need while retaining full use of your car.
Our office is conveniently located for customers within a 2-hour drive, allowing you to visit us in person for fast and friendly service. If you are outside our service area, don’t worry – we offer a fully online process to meet your needs available only to our Georgia customers.
Unlike traditional lenders or credit unions, we don’t rely on traditional credit checks, so even if your credit score isn’t perfect, you may still qualify. Our streamlined process ensures you receive your funds quickly─often on the same day─ so you can address your financial needs without delay.
What Are Title Pawns?
Title pawns provide a short-term financial solution by using your vehicle as collateral. The amount you can borrow is based on your vehicle’s value, which we determine through a quick and simple inspection. This option is especially helpful for individuals who may not qualify for traditional financing due to a low credit score or other financial challenges.
We offer quick access to get the funds you may need, but it’s important to review the specific terms involved. These are designed for your short-term financial needs, so ensure that the repayment requirements fit comfortably within your budget.
Ready to get started? Apply now and get the funds you need today!
How Does a Title Pawn Work?
Understanding how a title pawn works with Lake Title is essential for making an informed decision. Here’s a clear breakdown of the process:
Step 1: Apply Online
To ensure a smooth process, the vehicle’s title must be in your name and free of any liens.
Getting started is easy! Provide basic information about your vehicle, including the make, model, year, and mileage, along with your contact and financial details, such as your income, residence, and insurance. To complete your application, you’ll also need to submit proof of address, income, insurance, and any other required documentation.”
Our streamlined system is designed to be quick and hassle-free, allowing you to get the amount you need without delay. Once you submit your application, you can upload your documents to your customer portal or email them to our office at [email protected].
Don’t wait—apply today and see how much you can receive!
Step 2: Vehicle Inspection
This inspection helps us determine your vehicle’s value, which directly influences the amount you can receive. The funds you receive typically range from 30% to 80% of the vehicle’s appraised value.
Step 3: Receive funds
Once we approve your title pawn, you’ll receive your funds based on your vehicle’s value. One of the key benefits of our service is that you can continue using your vehicle while repaying the pawn, offering both convenience and flexibility.
Step 4: Repayment and Lien Release
Repaying your title pawn is simple, and we offer flexible options to fit your needs. Title pawns are designed as 30-day transactions. However, if you’re unable to repay the full amount within 30 days, you can make the required minimum payment to extend your pawn for another 30-day period. You also have the option to pay more than the minimum to reduce your principal balance faster.
Once the full amount of your pawn transaction is repaid, we will remove the lien from your vehicle, and you will regain full ownership.
What You Need to Apply
To start your title pawn application, you will need the following:
In office:
- Your Vehicle: Bring your vehicle in for a quick 5-minute inspection. We’ll check that it runs properaly and assess the mileage.
- Title in Your Name: Y our Georgia or Florida car title—whether physical or electronic—serves as your collateral. If you have an electronic title, your current vehicle registration may be used instead. We’ll hold your title until the pawn is fully repaid, then return it to you. As long as you make payments on time or extend your pawn, you keep your car!
Online – Georgia applicants who are outside of our 2 hour service area
- Your Vehicle: Upload clear images of your vehicle
We required photos of:
1. Full front and back, including a clear view of the license plate.
2. Both sides of the vehicle.
3. Free and Clear Title in Your Name: Your Georgia car title, whether physical or electronic, serves as your collateral. The title must be in your name and free of any liens. A lien will be placed on your title and released, with the title returned to you once you have paid off your account with us in full. As long as you make your payments on time or extend your pawn, you keep your car!
Required for both In-Office and Online Applications:
- Proof of Residency: You must provide proof of residency with documents that include your name and home address. Acceptable documents include:
1. Your recent utility or phone bill
2. Your recent bank statement - Proof of Income: While we can approve your application without proof of income, it is required for online applications.
Providing proof of income showing a net monthly income of $1,000 or more can maximize your approval amount.
Acceptable documents include:
1. A recent paycheck stub
2. If you receive income via direct deposit, your most recent bank statement can serve as proof of both income and residency.
Need funds fast? Apply now and drive away with the money you need!
Frequently Asked Questions
What Do I Need to Bring to the office to when I’m pre-approved with Lake Title
When finalizing your application with Lake Title and receiving your funds, you’ll need to bring the following:
– Your car title or, for electronic titles, your current vehicle registration
– Current proof of income
– Current proof of residency
– A valid Florida or Georgia Driver’s License or State ID
If you are still financing your vehicle, bring your payoff information from your lienholder so we can determine the equity available for the pawn. If your title has a co-signer, they will need to accompany you as well and present their proof of ID and income as needed.
Our process is designed to be smooth and straightforward, ensuring you receive your funds quickly and hassle-free.
Do I Need to Have Good Credit to Apply for a Title Pawn?
No, your credit score doesn’t affect your eligibility for our product with Lake Title. The amount you receive depends on the value of your car and your ability to repay the transaction.
Can I Still Qualify if My Car Isn’t Fully Paid Off?
Yes! You may still qualify as long as you are within our service area and drive to our office. At this time, we do not offer a secondary lienholder option for our online lending.
To qualify for our online product, your vehicle must be titled in Georgiai and , you must drive it to our office while bringing your title and other required documents Your vehicle can not have any outstanding payments against it, and must be a 2011 model or newer.
What If I Can’t Redeem My Vehicle Within 30 Days?
Although our product is designed as a short-term solution, you can make your minimum payment by the due date and extend your account every 30 days for as long as needed. While we advise our customers that repaying within the first 30 days is the best and most cost-effective option, it is not required.
Disclaimer
Use of Lake Title products involves pledging your property as collateral. The consumer pledges the listed property as security for the agreement but is not obligated to reclaim it. To do so, the total amount due must be paid on or before the due date or any agreed-upon extension date. If the balance is not paid by the due date or extension, the property will become the possession of Lake Title.
Additional Considerations
At Lake Title, we strive to provide fast and efficient service, ensuring you get the funds you need without unnecessary delays. Our goal is to make the process as easy as possible. If you have any questions or need assistance, our friendly and professional staff are here to help.
Take control of your finances today—apply for a title pawn and get the funds you need in no time!
If you have any additional questions about the approval process or the documents needed, please call our representatives at (352) 692-2274. We’re happy to assist you with any questions you may have!
Responsible Lending
Lake Title is committed to giving its customers the best experience possible. Our product is secured by the equity in your vehicle. This type of pawn is not intended to be a long-term solution. The max APR for a title pawn is 0%*, plus a mail fee of $5.91. Pawn repayment periods can range from 61 to 90 days.
Representative Example
If you choose to pay your pawn within 61 days, then the total repayment for a $100 pawn is $100. The customer is also responsible for paying a mail fee of $5.91.
| PAWN AMOUNT (Amount Financed) | PAWN TERM (# of Days) | PAWN FEE (Finance Charge) | CHECK AMOUNT (Total of Payments) | APR |
|---|---|---|---|---|
| $100 | 61 | $0 | $100.00 | 0% |
| Representative Pawn Examples (Changing Terms) | One Time Fee | Total | |||||
|---|---|---|---|---|---|---|---|
| Amount | Term | Rate (APR) | No. of Payments | Monthly Payments | Mail Fee | ||
| $100.00 | 61 days | 0% | 2 | $50.00 | $5.91 | $105.91 | |
This exclusive offer is available only to customers who initiated their applications through a paid Google advertisement. To qualify for this promotion, applicants must mention the code #GoogleAdsPawn during the application process.
The actual rate will vary based on factors such as pawn amount, pawn term, credit usage, and credit history. Final terms will be determined in agreement between you and the lender.