If purchased by a private seller: Once the original title, bill of sale, and Vehicle Power of Attorney have been received by the title department at iTHINK Financial, all completed paperwork will be sent to the DMV. In the meantime, Please await correspondence via email on the fee breakdown and additional Documents needed to complete the paperwork. You will not be required to go to your local DMV. Once the DMV has completed your paperwork, you will receive registration in the mail.
If purchased from a dealer: the dealer will generally complete the registration and lien placement, and, in most cases, the DMV will forward the title to iTHINK Financial. Should you receive the title after registration and lien placement, forward it to the following address:
iTHINK Financial - Consumer Lending
647 Roswell Street NE
Marietta, GA 30060
Please note: If a temporary tag is needed, please get in touch with your local DMV/Tag agency to obtain one.
LIEN
A lien is the right to take hold or sell property of a debtor as security or payment for the debt. iTHINK Financial requires Members who offer collateral to secure a loan, such as a car loan or personal expense loan, to record iTHINK Financial as the first lien holder on the collateral. This means that if the Member defaults on the loan, iTHINK Financial can take the collateral and sell it to pay off the loan.
VIN REQUIREMENT
When applying for a collateral loan, Members must supply the vehicle identification number (VIN) when using an automobile or motorcycle collateral on a loan or a hull number or serial number when using a boat or other collateral. iTHINK Financial requires this number at the time of application unless the loan is a pre-approval.