If you’ve ever been in a tight financial situation and needed money fast, then you know that it can be difficult. If you live in Arizona, you’ll be happy to hear that one way to get quick cash with a car title loan. Your car’s title can be your key to cash!
You can put your title to work for you by using it as collateral for a car title loan. Then, without any changes to your daily schedule, you can still keep your car and drive it. If you’re like most consumers, that is an important point, since you need it for work and errands. We don’t want to take your vehicle away from you – we only want to help you with a quick loan!
With 5 Star Car Title Loans in Arizona, you can enjoy the best of both worlds. You can get money quickly to help you through your financial crisis and you can still have your car with you while you are paying off the car title loan. When you need a friend in the business, contact us! We are waiting to help you!
How Do Title Loans in Arizona Work?
One of the ways that consumers can get quick help with an online loan is through secured loans, such as car title loans. There are different types of title loans that use equity, such as those listed below:
- Home equity loans
- Home equity lines of credit
- Car equity loans
At 5 Star Car Title Loans, we provide fast title loans to users who own their own vehicles. If you haven’t quite paid your car off yet, you can still contact us with your inquiry form. We will see how much equity you have in your car, according to how much you still owe. The more equity you have, the higher the loan amount you can get.
In the case of car title loans in Arizona, all that is needed to secure a title loan is the title to your car. That leaves your car available for you to continue driving. By evaluating and using your equity as collateral, you can be quickly approved for a cash loan even if you have a bad credit score. This makes title loans in Arizona an attractive solution for bad credit types, or anyone who has a poor credit history.
Just think – in as little as one day you could use your car’s equity to get cash!
Are There any Requirements for Auto Title Loans in Arizona?
The requirements for sending in your request for online loans in Arizona are simple. To use your vehicle as loan collateral, it needs to belong to you. That means that you’ve made all the payments and you have a clean title in your name. If you still have a few payments left, let us help you.
These are the expected requirements for car title loans in Arizona:
A qualifying vehicle – the car should belong to the borrower and have adequate equity.
Expect to send proof of your monthly income – you can include every source of income.
Have access to your Arizona car title, with the vehicle registered in your name.
These are the basic requirements to get started on your Arizona title loan. You can be on your way in less than 10 minutes, when you complete your inquiry form and submit it to us at 5 Star Car Title Loans.
What if the Title to My Vehicle is Not in My Name?
When you want to get online title loans, your name must be on the title. However, depending on the reason that your title is not in your name, we might be able to help you. By either calling one of our agents or taking the steps below, you should be able to take care of it.
Steps to Take Before Sending in Your Title Loan Request:
Visit your local DMV to arrange the name change: At the Department of Motor Vehicles, they can help you transfer your vehicle’s title into your name. There is a form that you can fill out either online or in their office. Just ask for the Arizona vehicle transfer form.
When you go to the DMV, they will want some proof that you are the owner before the name can be changed on the title. Plan to take the following with you:
An Arizona state-issued ID or your Arizona driver’s license
Your vehicle registration
Some accepted method of paying for the transfer, such as cash
After following these simple steps, the title might be transferred to your name. Once it’s fixed feel free to send in your online inquiry form to 5 Star Car Title Loans in Arizona.
If I Need Money Quickly, How Can I Apply for Online Title Loans?
There are only a few steps you need to take when you’re ready to send in your online request for car title loans in Arizona. Since the steps are online, you have access to them all the time, 24/7. Of course if you want help, you can always reach out to one of our agents.
Begin your loan process with these steps:
You have 2 options for sending in your title loan request, and they are both fast and easy. You can call us for help or go to our website and complete the inquiry form. The online option is very popular with our customers, because it can be done anytime you have a few spare moments – night or day.
Prepare yourself with the necessary documents, which are listed in the requirements above. Once your information and identity has been confirmed, an agent will reach out to you with a lending decision.
If your request is pre-approved, you will get a loan offer to sign. Go over the terms before agreeing to them. If you have questions regarding the payment schedule, feel free to discuss this with your agent. After signing the contract, you can make arrangements to go and get your cash.
From beginning to end, the title loan process is quick and easy. WIth only a few simple documents, you can get pre-approval and be on your way to fast cash!
How Will I Get My Cash Loan?
After you sign your loan contract and your agent notifies you that the money is ready, you can choose from 3 options. Be ready, because this could happen in as little as 24 hours! If you need money quickly, don’t hesitate to begin with the first step in requesting a loan now!
Cash receipt options:
5 Star Car Title Loans can deposit the funds directly into your bank account
One of our agents can put a check in the mail to your place of residence
Borrowers can pick up the money at one of the local MoneyGram locations in Arizona
Can I Still Drive My Car if I Get an Online Title Loan in Arizona?
Even with the public transportation system available in Arizona, most consumers still need to drive their vehicles. Whether it’s to work, to school or to a second job, having a car at your disposal is vital. We understand that, so to use your vehicle to secure your title loan, we only require the title to your car.
Before taking the money, you’ll need to submit your valid vehicle title, which we will keep until your loan payments are finished. When the contract has been fulfilled, we will be happy to present you with a clean and clear car title.
How Do I Send in My Monthly Payments on a Secured Loan?
After you sign the final contract for your online title loan, you’ll need to begin making monthly payments to return the money. This is normally 30 days after the loan contract is signed. Before you even request your personal loan for bad credit, you’re probably wondering how you’ll pay it back. Fortunately, the entire online loan process is super simple – even the payback options!
Here are a few examples of ways you can repay title loans:
Mail your payment in, making sure that it arrives before the due date
Call us and let us help you make the payment over the phone
Go online and arrange the payment electronically through your account
Set up an automatic payment scheme through your bank
The amount of each payment and the due date will be included in the terms of your loan contract. The loan amount depends on how much money you are borrowing and what the rate is. Rates can vary, but they will be written in your contract so there are no surprises or hidden fees.,
The loan term will also be included in your final loan contract. Title loans can sometimes be extended to 3 years, which is considerably longer than a typical short term loan. Normal short term loans might only give the consumer 30 days to repay the money. Take advantage of the longer payback terms by requesting a title loan from 5 Star Car Title Loans in Arizona.
Can I Get a Title Loan if I Have a Bad Credit Score?
If you’ve ever tried to get a traditional type of loan, then you probably realize the complications and difficulties involved. With these types of loans, your credit score and credit background plays a great role, so they are usually off limits to consumers with bad credit. The good news is that title loans are much more lenient when it comes to credit types.
When you request a loan from any institution, the first thing the lender will want to check is your credit history. However, there are different types of credit checks. A traditional lender, such as a bank, will perform a hard credit check.
If you have a poor credit score, it will be hard to get past this point. However, when you apply for an online car title loan for bad credit, you are more likely to be subject to a soft credit check. With this type of credit check, even a poor credit applicant can be accepted.
Here are a few of the factors that go into approval for bad credit loans in Arizona:
Your income: During the loan approval process, one of the most important factors will be how much money you earn each month. You’ll need to provide proof of your income, but be sure to include money coming into your account from every source.
You can and should include child support payments, government programs and your salary. For proof, include recent bank statements, work contracts, government documents and salary stubs.
The value of your car: The loan amount is based partially on the value and condition of your car. Your vehicle doesn’t need to be new or with very few miles on it, but it needs to have equity that you can use as loan security. The factors that go into evaluating its current value are:
The model type and the year it came off the line
The make and particular style
The number of miles it’s been driven
It’s current condition – this may require photos
The final deciding factor regarding loan approval is meeting our credit criteria. In general, online loans go by credit criteria that is more flexible than a standard, traditional loan. That means that even if your credit isn’t great, you might be approved for an online car title loan. To find out quickly if you can be approved for a fast, online loan, send in your online inquiry form today.
How quickly can I get my money?
If you need money urgently, then it’s logical that you are interested in how quickly you can receive loan funding. While we try to turn the loan around quickly, it helps greatly when you have the basic requirements and documents nailed down before you send in your online inquiry form. As soon as you get pre-approval and sign the loan offer, your money will be prepared very quickly..