| Q: What is a title loan or Title pawn? |
| A: A title loan or pawn is a quick and convenient way for people who own their car to get cash using the car as collateral. It allows consumers to use their car to solve short-term cash flow problems. Without title lending, many consumers would be forced to sell their vehicle in a time of need. |
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| Q: What is a lien-free title? |
| A: A lien-free title means that you own your car outright with no outstanding loans or judgments against it. |
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| Q: What if I have bad credit? |
| A: Don't worry! Barnett Title Cash will make you a loan regardless of your credit. Your credit history is not a factor in the title transaction approval process. Even if you are currently in bankruptcy, we can help you. |
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| Q: What is required to be approved for a title transaction?* |
| A: To be approved for a title transaction you must be at least 18 years old (19 years old in Alabama), have a car in good condition, a drivers license, a lien free title in your name, proof of income and proof of residence, and a bank account in good standing. |
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| Q: Does the car title have to be in my name? |
| A: Yes. The car title must have you listed as the legal owner of the vehicle. |
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| Q: How do I know if I will be approved? |
| A: Just fill out the application, click submit and Barnett representative will call you within 30 minutes (valid during working hours and during the work week). If after hours, you will be called by 10AM the following morning. |
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| Q: How much can I get? |
| A: Amounts range from $500 up to $1000 for new customers. Previous customers may borrow up to $5000 depending upon the vehicles book value and your ability to repay. |
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| Q: How long does it take to complete a deal? |
| A: The application takes less than 5 minutes. Once we receive the title and copy of your drivers license, your funds are transferred immediately. |
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| Q: How do I get my title back? |
| A: Barnett will return your title immediately after paying the amount due on your account or Barnett can store you title in our fireproof vault for future loans. |
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| Q: Why choose Barnett Title Cash? |
- Barnett charges up to 50% less than most competitors.
- Barnett allows you to get a loan from the convenience of you home or office
- You get fast approval with no credit checks.
- You can get approved 24 hours per day 7 days a week
- Our loans are 100% confidential.
- Barnett will help you rebuild your credit.
- We can help you even if you are in Bankruptcy.
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| Q: How do I Qualify? |
| A: To qualify for a Barnett Title Cash loan, you must own a car with a wholesale value of at least $3,000 or more, have a steady, stable source of income, and be able to afford the monthly payments on your account. If your vehicle qualifies and we determine that you have the financial means to make the monthly payments on time, we should be able to approve your request for credit. |
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| Q: How do you determine my credit limit? |
| A: The minimum amount of credit we issue is $500. The maximum credit limit you may be eligible for is based upon the wholesale value of your vehicle. |
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| Q: Will the car stay in my name, or do I have to sign it over to you? |
| A: The car will stay in your name. You do not have to sell or sign the car over to us. We simply add our name to the title as lienholder, just as any other bank or finance company will do when making an auto loan. Since we do not transfer ownership of the car into our name, you will continue to be the registered owner of the vehicle. |
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| Q: I am concerned about the personal information I give you, will this information be kept safe and confidential? |
| A: Yes, it will. We go to great lengths to secure your personal information on our web site and in our database and take a number of precautions to protect access to them from unauthorized users. Please see our policies on Privacy and Security for more information. |
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| Q: How will I know when my Credit Application is approved? |
| A: Once you complete and submit the Credit Application, a Barnett Title Cash credit expert will notify you by phone or email usually within 30 minutes during normal business hours. |
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| Q: How do I make my payments? |
| A: Barnet can accept payments via Western Union Quick Collect, credit or debit card, Money order, certified cashiers check, or cash. Barnett does not accept personal checks. Please do not send cash in the mail. |
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| Q: After I pay off my loan, can I get another loan for more money? |
| A: Yes, we generally will allow a significant increase in the amount you may barrow after you have established a relationship with Barnett. |
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| If you have a question that is not answered here, please contact us at: customerservice@barnettfinance.com. |
