Online Title Loans & Registration Loans in Arizona State
It’s pretty easy to get confused in today’s world concerning the various types of loans that are available to the general public. You’ll see the words “cash advance”, “payday advance”, “payday loan”, “title loan” and more when you browse the Internet to find the loan that fits your specific needs.
Not to mention the loans in Arizona that you may get from your local bank or credit union.
Many people don’t quite understand exactly what they are getting into when they apply for a title loan online and can get into even more monetary trouble. So it’s vastly important to completely understand what a title loan is and what it can be used for before you jump into the application process.
You’ll feel safer knowing exactly what you are getting into.
Before you sign on the dotted line, read up on what title loans are, why they can help, and how to apply online for one at Velocity Cash.
Online Arizona Title Loans – Do I Have the Right Asset to Apply?
Our customers choose title loans in Arizona because they already have the number one asset needed to apply- their car. So many people don’t realize that the car or truck they own can actually be used as collateral for a registration loan online. The only stipulation is that you must actually own it. You can’t owe anything to a bank or car company. We need to hold the title to the vehicle during your loan term so you must have that first to apply for a cash advance with us. However, that’s basically the only requirement that we ask for. As long as you have the title, you are pretty much-guaranteed hundreds of dollars for the vehicle.
Do I Turn the Vehicle Over to You?
The answer is a definite NO! You never have to turn over the vehicle to us for title loans Arizona. This is another huge misconception that you might have about our Arizona title loans. We only need the title to the vehicle. You keep the actual car during your loan period. Once you completely have the loan paid off you will be given the title back. You are basically getting a loan for handing over a simple piece of paper.
What if I Don’t Have a Job?
Since we only need the title of the vehicle to process your loan, you don’t have to provide anything other than your contact information.
That means that we don’t ask for your employer’s name or any past pay stubs, so even those who are unemployed can get title loans and registration loans in the state of Arizona when they need them. If you are in-between jobs or collecting unemployment, you will still be eligible for a loan.
You may be waiting on your disability to kick in or maybe a settlement from an accident you were involved in and need some cash to tide you over until the money hits your account. Title loans are a great choice because you already have the asset; you just need some cash while you are waiting.
My Credit History is Terrible! What Can I Do?
With title loans in Arizona, you never have to fret about the mistakes you have made in the past. It doesn’t matter how bad your credit score is because we don’t require a credit check as part of our application process. Many of our customers have poor credit because they bounced checks in the past or because of late payments on credit card bills. Whatever the case may be, you don’t have to let us know what happened or what your score is.
I’m Ready to Apply! What’s Next?
Our online application was developed to be as easy and streamlined as possible in order to get you cash in a hurry. We understand that you don’t always have a lot of time to wait for a loan to go through, so we get you the cash you need in 24 hours or less.
We have a type of title loan payment calculator to determine the value of your vehicle that you are using for a loan. This title loan calculator helps us to better figure how much your vehicle is worth so that you can get the most money for it.
You’ll need to supply us with the following for a loan:
- Zip code
- Make and model of the car
- Mileage on the car
We also use a title loan calculator to determine the interest rate of the loan. We strive to keep it as low as possible for our customers, as we know it can be tough to repay a loan that has higher interest rates.
After you fill out the application you will receive a free quote within just minutes of submitting the form. We will give you a call at your earliest convenience to help you finalize the loan process. If you are concerned about anything and wish to ask questions, now is a great the time to do so. However, you may always contact us with any questions you have during the loan term.
Arizona Title Loans and the Law
All Arizona state title loan companies must adhere to the laws set forth by the Motor Vehicle Time Sales Disclosure Act. These include, but are not limited to, the following:
- There is no limit to the amount a lender may allow a customer to borrow
- No one under the age of 18 may take out a loan
- All loan agreements must be in writing
- All interest rates must be disclosed up front
- All payments due must be disclosed up front
- Interest rates will vary according to the amount loaned and may be anywhere from 10% to 17%
- All vehicles except for motor homes serving as a primary residence may be used as collateral for a loan
- An extension may be granted if the borrower cannot pay the loan back in time
I’ve Been Approved! Now What?
Once your application is approved and you have spoken to a representative you will simply have to wait for the cash to be deposited into your account. This usually takes 24 hours or less. With Arizona title loans, you can apply any time of the day or night, so you can have cash when you need it the most. Once the money is deposited into your account you can either spend it by withdrawing the cash, writing a check or by using your debit card.
Why Should I Choose this Type of Arizona Loan?
Many think it’s better to get a payday advance or a loan from a bank instead of a title loan. However, a payday advance requires more in the way of paperwork, as most companies demand that you have a form of employment and make a certain amount of money before they will lend you money. You have to show proof of employment, such as pay stubs, and you will be required to fill out a ton of paperwork. A bank loan is even harder to receive. You’ll not only be asked to come into the bank and meet face-to-face with a manager, you will have to bring all types of forms and ID, go through a background check and supply a credit report, and then wait for days to see if you are approved.
A title loan is fast and simple and we also offer complete anonymity. No one but you needs to know why you are requesting a loan from us.
What to Use the Arizona Title Loan Money For
Title loans may be used for a number of different reasons. If you are already living paycheck to paycheck then you know how difficult it can be to set aside money for an emergency or even just as savings.
You may be having trouble paying your bills to begin with, so an added expense can throw your budget into a tailspin. For example, you may develop a nasty case of the flu and have to take time off of work.
But your boss wants a doctor’s note so you end up at a local Med-Express to see a doctor. Your insurance doesn’t cover the visit and it’s over a hundred dollars, plus now you need to pay for a prescription to get better.
All of a sudden you are hundreds of dollars behind because of lost wages and other expenses, all because of the flu! A title loan can help get you back on track by giving you the money to make up for what you lost.
Arizona State Residents
You can also use the money for other bills, such as rent or utility payments, school loans, funeral expenses and more. Some customers even take out a loan because they need extra money to go on a much-needed vacation or wish to redecorate a room in their home.
You can use the money for Christmas presents or for airfare to visit family during the holidays. Whatever the reason, we are here for you at Velocity Cash, 24/7. Apply today and have cash right in your account by tomorrow with a quick registration loan!