Registration Loans & Title Loans Safford, AZ
For many people title loans offer a way for them to obtain the funding they need quickly.
Since standard bank loans can take several days, title loans Safford, AZ provide funds for those things that just can’t wait.
Introduction to Title Loans in Safford, AZ
Current regulations allow those who live in the southwest part of the country to use their car titles as security for loans. Because fast cash registration title loans are fully secured bad credit is not an issue.
Velocity Cash helps people from many different walks of life with their financial needs while at the same time providing excellent customer service.
They also offer competitive interest rates and the highest loans amounts possible based on the value of the collateral vehicle.
There are many reasons consumers might choose to work with a title loan lender rather than applying for a bank loan that include but may not be limited to the following:
- Fast turn around time (24 hours or less)
- Minimal personal information required
- No employment needed as long as consumer as a regular source of income
Applying for Registration and Title Loans Safford
Applying for a title loan on the Velocity Cash website is a simple process that only requires the potential borrower to fill out the application and provide the following information:
- Year, make and mileage of the collateral vehicle
- The name, phone number and zip code of the potential borrower
- Borrower must have a clear car title in his name
Once the consumer completes the application and fills in the calculator for title loans he will be provided with a loan estimate after-which a loan representative will be in contact with the applicant whenever it is convenient.
Legal Regulations on Title Loans in Safford, Arizona
There are both federal and state laws that regulate title loans in Tucson, Safford, and the entire state of Arizona. The Department of Financial Institutions regulates title loan companies in the state of Arizona. Under state statutes these companies are called secondary motor finance companies.
There is an extensive list of regulations in the state state of Arizona statues to govern the auto title loan industry, but the major statues are as follows:
- Arizona Revised Statutes (A.R.S.) Title 44, Chapter 2.1, Article 1.
- A.R.S., Title 47, Chapter 9, Article 6. (Uniform Commercial Code)
- Regulation Z of the Federal Truth and Lending Act (the main federal regulation by which title loan companies must abide)
Benefits, Features and Perks of Safford, AZ Car Title Loans
Some people have the mistaken idea that the only way to obtain a loan is through standard channels, but the reality is qualifying for a bank loan can be next to impossible even for those with good credit.
In most cases a borrower will need either assets with very high value or co-signors in order to qualify for an ordinary bank loan.
In addition the borrower will need to fill out a lengthy application and wait several days (sometimes even weeks) before receiving the funds he needs.
Some of the benefits of title loans include the following:
- Funds disbursed within 24 hours (sometimes in just a few hours)
- No credit check necessary
- Employment not necessary provided the borrower has a regular source of income
- Minimal personal information required during the application process
- Borrower still able to drive the car after obtaining the necessary cash
- Flexible registration loan terms
- Typically offer high loan to value ratio than standard bank loans
- Competitive interest rates
When a consumer needs cash in a hurry, title loans against cars are there to meet the need in a timely fashion. We can even help start the loan process on a Sunday or apply for an online installment loan.