Stay far away from these traps. When you get a car title “loan,” you are most likely pawning your car. IF YOU DEFAULT ON A CAR TITLE PAWN, THE TITLE TO YOUR CAR IS AUTOMATICALLY TRANSFERRED TO THE TITLE PAWN COMPANY. They own your car and they do not even have to repossess it under Georgia law. If you file a Chapter 13, you can save your car, if your case is filed within your “grace period.” However, you should NEVER take out a car title pawn.