Brenner Car Title Loans

Title Loans in Birmingham, Alabama

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Do you need money today to pay off urgent expenses? It’s a situation that plenty of people have found themselves in, and fortunately, they’ve been able to get quick cash with title loans Birmingham. A title loan is a simple, convenient way to get money using your car’s value, and you don’t need good credit to be approved for the loan.

Here at Brenner Car Title Loans, we wanted to make the process of obtaining a title loan even easier. We did that by developing our own quick online title loans Birmingham application, and you can apply right here on our site. It only requires some basic information and should take well under a minute to complete. Start the application by going to the form and filling in the following info regarding the car that you’ll be using as collateral on your title loan:

  • Year
  • Make
  • Model
  • Approximate Mileage

To finish the form, you’ll just need to enter this basic contact info:

  • Full Name
  • Phone Number
  • Email Address

After you’ve submitted that information to us, we can calculate your car’s current market value, which we use to come up with a title loan estimate and get you preapproved for your loan. We’ll also tell one of our helpful Brenner Car Title Loans representatives get in touch with you at their earliest convenience to answer any of your questions and set up a time for you to come get your loan.

If you’re wondering what items you need to get your loan, it’s much less than what's required when getting a loan through a bank. All you need is your government-issued ID, your car title and your car. We look at your ID to check your birth date and make sure you’re 18 years or age or older, which is the minimum to get a title loan. We’ll check out your car during a brief vehicle inspection, and we need to keep the title to it during your loan's repayment period. After you pay off your loan, you’ll get your title back.


About Car Title Loans

Birmingham

We know it’s frustrating when you’re looking for title loans Birmingham and you end up with listings from title loan companies that aren't even near the city. If time is of the essence, it's inconvenient to drive 30 minutes or more just to get your money. That isn’t a concern with Brenner Car Title Loans, because we’ve chosen a location right here in Birmingham for our office. You’ll find it easy to drive over here whether you take surface streets or the freeway, and there’s plenty of convenient parking available nearby.

One of our representatives can assist you and get you started on the paperwork for your loan when you arrive. Don’t forget to let them know if you already filled out the online application and were preapproved. After you finish up the paperwork, we’ll look up your car in a car value guide before performing that brief inspection to verify its value. The last thing we need to do is get your car title from you so we can issue your loan. The entire process typically doesn’t even take an hour, and when you leave, you’ll have money in your wallet.

How It Works

Your title loan is a type of secured loan, and secured loans are loans with collateral attached to them. Your car secures the loan, but the lender doesn’t keep your car over the term of the loan, only the car title. You’ll still be able to use your car just like you normally would. Federal law requires all title loan borrowers are 18 or older, but other than that, the federal government allows states to set up their own title loan laws. Alabama’s regulations govern Birmingham title loans.

The state hasn't set limits on the amount you can borrow with a title loan, which means it depends entirely on the value of your car and what the lender is willing to loan you. Lenders will almost always lend you a portion of your car’s current market value, such as 30 to 50 percent. Alabama limits title loan interest rates to 25 percent per month.

The limit on title loan terms in Alabama is between 10 and 31 days. Most title loan companies go with one month, as this is the standard title loan term length across most of the United States. If it's the end of the term and you don't have the cash to pay back your title loan, the alternative is to roll over the loan, which is a term for extending the loan for another term. You can do this by paying your interest on the loan. The new term will have any unpaid loan principal and another interest charge.It costs you a little more, but it’s a convenient way to go if you’re short on cash.

Failing to make any sort of payment on a title loan means that you’ve defaulted on your loan. Alabama requires that the lender gives you a 30 day right to cure, during which time you can catch up on your missed payment to avoid repossession. If you don’t catch up on your payments, then the lender has the legal right to repossess and sell your car.

Keep in mind that repossession is rare and it’s a situation that lenders would always rather avoid. Not only does it result in a negative customer experience, but it’s also inconvenient for a lender to come get your car. That’s why if you are having payment issues, your best course of action is contacting your lender and letting them know about it. It’s likely that your lender can find a resolution with you, such as letting you extend the loan for a lower payment amount on your upcoming due date.

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