Auto Money Title Loans provides financial services in the form of auto title loans and title pawns. As a potential customer, it’s crucial to understand the terms and conditions associated with these services. This document outlines the key disclosures, eligibility requirements, and processes involved when considering an auto title loan or title pawn with Auto Money. Please read the following information carefully to make informed decisions about your financial needs.
Understanding Auto Title Loans and Pawns
It’s important to recognize that services offered through Auto Money’s website are solicitations for either an auto title loan or a title pawn. This initial contact does not constitute a guaranteed offer or a unilateral contract. The availability and amount of any title loan or title pawn are contingent upon Auto Money’s approval. This approval process takes into account various underwriting factors. These factors include, but are not limited to, a fully completed loan or pawn application, your current employment status, your consistent monthly income, and a comprehensive evaluation of your vehicle’s value.
State-Specific Disclaimers
Depending on your location, certain disclaimers apply to title loans and title pawns due to varying state regulations:
South Carolina Residents
Please be aware that a title loan in South Carolina is categorized as a high-interest financial product. If you have the option to borrow funds at a lower interest rate from another source, it is strongly recommended that you explore those alternatives. It is critical to understand that with a title loan, your vehicle is placed at significant risk. Should you default on the loan agreement, you could lose your vehicle.
Georgia Residents
In Georgia, a title pawn is also considered a high-interest option. While you have the right to pay off your title pawn earlier than the agreed date, be advised that you are not entitled to any refund of the interest initially charged. Your complete payment obligation is due on or before the specified due date. It is your responsibility to proactively contact Auto Money if you require an extension on your pawn agreement. Failing to pay at least the interest due by your due date may lead to further collection activities. Furthermore, if your title pawn enters a grace period due to non-payment, you may lose eligibility for extending the pawn for an additional thirty-day period.
North Carolina Residents
It is important to note that title loan transactions are legally prohibited within the state of North Carolina. Auto Money does not offer title loans in North Carolina due to these regulations.
Loan and Pawn Amounts and Approval Process
While a loan or pawn amount of up to $20,000 might be advertised as a maximum potential approval, this figure represents the absolute upper limit. The actual amount you may receive is directly determined by a vehicle appraisal conducted by an Auto Money employee. This appraisal assesses the current market value and condition of your vehicle. Furthermore, to even be considered for a title loan or title pawn, you must submit a complete application. This application must be thoroughly reviewed and approved in person by Auto Money. Certain limitations and restrictions do apply to all title loans and title pawns. Ultimately, the issuance of any title loan or title pawn by Auto Money is contingent upon our assessment of the customer’s ability to repay the financial obligation.
Online Application and Website Functionality
It is vital to understand that www.automoneytitle.com operates solely as an informational website and is not an online lender. Applications for title loans or title pawns are not processed or approved online through this website. Instead, any information you submit through this website is securely forwarded to the Auto Money office location that is geographically closest to the ZIP code you provide. This forwarding process is solely for the purpose of initiating contact with you regarding your interest in a title loan or title pawn. Once your submitted information is received and internally processed, you will be contacted directly by an Auto Money representative to discuss your application further. By submitting your application information, you are explicitly agreeing to be contacted by a member of our Auto Money staff.
Important Notice for Current Auto Money Customers
For individuals who are already customers of Auto Money, we kindly request that you refrain from disclosing any of your personal account information through our website or via email communication. For any account-specific inquiries, concerns, or assistance, you will need to directly contact the Auto Money location where you originally obtained your title loan or title pawn. Please call the specific branch and ask to speak with a representative who can assist you with your account-related needs. Auto Money appreciates your cooperation in maintaining the security of your account information.
For contact information for your local Auto Money office, please visit our Find a Location page.
