Title Pawn Software
Title pawn is simply the act of loaning money to someone who already owns a vehicle that is paid for, holding the title as lien holder, and allowing the customer to continue to use the vehicle.
The interest generated for pawning is governed by the title pawn, title loan or title pledge laws for each state. Federal regulation governs the way interest is disclosed on the contract, sometimes called the pawn ticket or pledge agreement.
Interest rates are typically in the 22-25% per month – that’s 260% to 300% APR!
Wayne Reaves’ Solution
Wayne Reaves Software makes title pawning a profitable venture for you. Your new title pawn program will allow you to take credit applications, track customer’s payments, print pawn contract and other necessary forms. It allows you to track repossessed vehicles and process the sales of them.
Reports are extremely important for any business and with our powerful reporting system your records are a button push away.
Already in the car business, don’t let your paid out customers go somewhere else, remember $10,000 loaned out makes up to $2500 per month.
Call 800-701-8082 today to find out how you can start making 260%-300% on title loans!
FEATURES
- Fill in customer information on the screen
- Figures correct finance charges for your state
- Shows correct annual percentage rate (APR)
- Prints federal privacy forms
- Prints credit application
- Prints pawn contract
- Prints state title application to record your lien
- Calls credit bureau
- Takes payments and prints receipts
- Refinance a title loan in seconds
- Prints past due reports
- Prints cash sheet with money taken in & money paid out
- Prints late and repossession letters
- Keeps up with cars out to be repoed
- Adds repoed cars to inventory
- Prints all forms needed to sell repoed car
- Prints checks for loans & to pay all expenses
- Keeps records that show where you are at all times!