Car Title Loans in Phoenix
Title loans in Phoenix, Arizona are one of the top options for vehicle owners who are looking for a way to get some access to cash for a short term personal loan. If you are over the age of 18 and own your vehicle outright, then you already make a great candidate for title loans in Arizona. You cannot apply for title loans without a clear title because you have to own your vehicle outright to be able to use it as the security for your title loan. Keep in mind that the main difference from a vehicle registration loan and a title loan is that you must have paid off the full amount of your car to be eligible for a title loan.
Even though you might think from the name of a title loan that you have to give up the title to your car, this simply is not the case. Drivers love title loans in Phoenix because they get to keep driving just like normal even though they have pledged the title to their car or truck as security for a personal loan. The only reason that you would have to give up the title to your car or truck is if you do not pay back the loan as required or are in default under the title loan agreement. As long as you pay your loan back, you get to keep your car and have some peace of mind with some extra cash when you needed it.
The Process of Applying Online for Title Loans Phoenix, Arizona
You may be surprised to know that unlike many other types of personal loans, you can easily apply for title loans online. We try to make the process of applying for a title loan estimate as quick and easy as possible because we know that our customers are looking for access to cash as fast as they can get it.
Here are just some of the reasons why you should not hesitate to apply for a title loan quote today.
- Quick and easy online application process
- Totally free title loan estimates with no commitment required
- Keep driving your vehicle while paying off the loan
- Super fast access to cash in your pocket
- Helpful and responsive customer service representatives
There are countless reasons why having some extra cash in your wallet will make life easier. You may have extra bills to pay or an unexpected emergency that comes up. Rather than going through the headache of dealing with a large bank or the embarrassment of asking friends and family for a personal loan, a title loan has you covered and saves you from having to go through uncomfortable situations. Just by having a free and clear title to your vehicle, you already have the required security to qualify for a title loan estimate from ApprovedMoney.com today.
Regulations and Laws You Should Be Aware of In Arizona on Title Loans
In Arizona, title loans are regulated by the Department of Financial Institutions, which is responsible for licensing title loan companies like ApprovedMoney.com. Under Arizona law, there are caps on the maximum interest rates that can be charged by title loan companies for title loans. The maximum interest rate depends on the total amount of the loan. For title loans of $500 or less, the maximum monthly finance rate is 17 percent. For loans between $500 and $2,500, the maximum monthly finance rate is 15 percent. For loans between $2,500 and $5,000, the maximum monthly finance rate is 13 percent. For loans above $10,000, the maximum monthly finance rate is 10 percent.
In addition to the caps on interest rates for title loans, you should make sure that you understand all of the terms of your specific written loan agreement. The title loan company should give you a copy of the title loan agreement before you sign it. You need to make sure that you make all of the required payments on time so that you do not default on your title loan. If you do default on your title loan, then the title loan company is allowed to take possession of your vehicle. If you have any questions about the specific terms of your title loan agreement, make sure that you ask them before you sign the agreement with the lender.
Why You Should Apply for a Title Loan Right Away
Many of our customers have been turned away from other lending sources because they either have bad credit or do not qualify for the amount of a loan that they need to take out. We try our best to help with your financial situation by requiring only the necessary information in our online application process. Many people are able to get approved for a title loan in only minutes after submitting their online title loan application. We consistently receive great customer feedback on our speedy turnaround for the title loan application process and take great pride in exceeding our customers’ expectations for excellent customer service every time.
We have no problem processing your title loan application for a completely free estimate if you have bad credit or no credit at all. Even though many other lenders will not even give you the time of day if you do not have a great credit score, we welcome the opportunity to serve our customers who need help in a financial pinch.
When you apply for a title loan quote through ApprovedMoney.com, you are not just another number. We make the experience personal and are able to tailor a title loan to your specific needs and circumstances. You will qualify for a title loan based on the value of your vehicle and will know exactly how long you will have to pay off the title loan. We are known for our personal service and attention to each customers’ needs when you apply for a title loan estimate.
Our customer service representatives are accessible and available to answer any questions you may have about applying for and getting approved for a title loan quote. No question is too silly for us because we want to make sure you have all the resources available to make the best decision for your financial needs. Even though the application process for a title loan is done online, you can call our customer service line or visit our location in person to get answers to any of your title loan questions today.
The faster you submit your online application for a title loan estimate from ApprovedMoney.com, the sooner you will have cash in your pocket for whatever you need. There is absolutely no reason to delay in turning the title to your car or truck into a source of some extra cash for you. Do not wait any longer to take a positive step toward securing your finances.