Car Title Loans in Mesa
A title loan is a secured loan where borrowers use their vehicle titles as collateral. Once an amount is agreed upon, lenders put a lien on the borrower’s vehicle title and obtain the hard copy of the title. Once the debt is repaid, the lien is removed, and the physical copy of the title is returned to the borrower.
Title loans are a quick way to obtain short-term loans for smaller amounts, usually with a minimum of $1,000, but as low as $100. Because a title loan is secured by collateral, borrowers with poor credit who would otherwise not be able to obtain loans through banks can temporarily get some financial help. With the advent of the internet, it is easier than ever to get a title loan. With a click of a button, you can see how much you are eligible to borrow against your car, truck, or SUV.
Title loans in Mesa are easily obtained without a credit check. We do not ask for a personal history or credit because the loan is secured by collateral. Simply fill in some basic information about your vehicle to get a free estimate and a consultation from one of our representatives. We will try to contact you as soon as possible at a time that is convenient for you. The process should not take more than 48 hours.
How to Apply for a Title Loans Mesa, Arizona
If you need quick cash now, Approved Money can help you today. This streamlined website allows our customers to apply for a title loan estimate in Mesa easily and securely. Because so much of the process is automated and online, you can begin at any time at your own convenience.
Once the online portion of the application is completed, you will receive a free estimate on the approved amount of your loan as well as a consultation with one of your professional loan representatives at your convenience. We like speaking to you in person, and we know how much our customers appreciate a real person at the other end of the line. Our friendly and professional consultants will help you make the best financial decision for your personal situation.
If you decide to accept our loan offer, drive your car, truck, or SUV to a local Approved Money location and drop off your registration. Once your car has been inspected, you should be able to instantly collect your cash and drive off in full possession of your car along with the total amount of your loan.
A title loan is exactly that–we will hold onto your vehicle’s title, but not your vehicle itself. This means you will have full use of the vehicle for work, family, and other activities that require transportation.
Once you are ready to repay the title loan, simply drive back and collect your registration. You will never have to leave your vehicle with us. Lost wages or public transportation will never be an issue while taking out a title loan.
Legal Regulation of Title Loans in Mesa
Title loans in Arizona are subject to state-level and federal regulation.
- Arizona is one of twenty states in which title loans are legal.
- Title loans can only be offered to adults age 18 and up.
- The state of Arizona caps the monthly interest rate on title loans at 17% on loans under $500.
- There is a federally enforced $4,000 limit on title loans.
- Lenders cannot repossess the vehicle unless the borrower completely fails to meet loan repayments.
- Borrowers always have the right to buy back their vehicle if they default on their title loan.
Benefits of a Title Loan
- Title loans are FAST! Title loans can usually be processed and approved in a day or two, meaning that if you have an emergency and need cash as quickly as possible, we can provide it. Sometimes things come up and you need cash within 24 hours. This is not possible with credit checks and processing of long personal histories.
- Phoenix title loans are secured by your vehicle title, so it is not necessary to perform a credit check. This means that if you have a bad or no credit history, you may still qualify for quick cash. Unfortunate events like bankruptcy have no effect on your eligibility for a title loan.
- We do not ask uncomfortable personal questions like banks do. It is your business why you need to borrow cash now, and because our loans are secured, we do not need to ask.
- You can get up to 50% of your car’s value in instant cash to spend as you wish.
- You can access the equity you have built up in your car, truck, or SUV, even if you have not fully paid it off. The value of your car is what determines the amount you can borrow.
- You can keep your vehicle! We only hold on to the title of the vehicle, so you can continue traveling to work and performing all other daily errands that require transportation. It would be unwise to lose wages because of a loss of transportation, so we work hard to ensure you have access to your vehicle.
- Title loans are cheaper than cash advances and payday loans. Interest rates on title loans are much lower–up to 50% lower–because of the security your vehicle provides. We do not need to charge as much interest because we have secured collateral.
- Repayment schedules for title loans are very clear. You will be told upfront how much you will need to repay and when. We will never surprise you with extra fees and charges you were not expecting.
If you are in a situation where you need instant cash, do not hesitate any longer. Click www.approvedmoney.com and find out how much your vehicle can get you today. You do not need to be under financial strain simply because you have bad credit and cannot get approval from a bank. As long as you hold the title to your vehicle, you can retain both your car, truck, or SUV as well as cash to spend today. Get up to $4,000 within 48 hours to pay off medical bills, legal fees, other debts, or other expenses that can pile up quickly.