Car Title Loans in Scottsdale
When you need cash in a hurry, it is important for you to find a lender that is willing to work on your behalf to get you an affordable title loan. At Approved Money, we put our customers over our profits. Our mission is to help you obtain affordable title loans in Scottsdale.
Our company has helped thousands of Arizona residents get an Arizona title loans quote, and we can do the same thing for you. Our knowledgeable title loan representatives work quickly to get the cash from our bank account to your bank account.
If you need money to pay for a major repair or an unexpected bill, Approved Money is your best solution for title loans in Scottsdale. In fact, you can borrow up to the estimated value of your vehicle and use the money for any expense.
Why Choose Approved Money for Title Loans Scottsdale
Our title loan representatives offer loans to our customers at affordable rates with a repayment schedule that works for them.
Another reason to choose our company for your Phoenix title loans is we may get you approved in as little as 24 hours. We know you will be so excited about our rapid title loan services that you will want to share your good news with a friend. After your application is approved, your money will be deposited directly into your bank account.
In addition to fast cash when you need it, we may not conduct credit checks. You do not have to worry about your past mistakes affecting the outcome of your application. Our company understands that good people often make financial mistakes. We will not hold your credit status against you.
Title Loans Scottsdale Explained
A vehicle title may just be a piece of paper, but it is a big deal. Your title establishes you as the owner of your vehicle. A title is also referred to as a pink slip, and it originates at the Department of Motor Vehicles (DMV) in Arizona.
When you use your car as collateral for a loan, this is often referred to as a title loan. At Approved Money, we can give you a cash loan based on the estimated value of your vehicle.
After you sign your title loan contract, we will send this information to the DMV in Arizona. Our company name will be put on your vehicle’s title as the lien holder. Once you have repaid the loan in full, our company name will be released from your title as the lien holder. You will become the sole owner of your vehicle again.
Since you are using your car as security for a loan, it is important for you to repay the loan. Our lien holder status gives us the right to sell the security if there is a default on the loan.
Arizona Title Loans in Scottsdale
Arizona lawmakers have approved legislation to protect title loan customers from predatory lending. As a result, the laws in Arizona place a limit on the amount of interest that can be charged by title lenders.
If you borrow any amount of money under $500, the monthly interest rate on your loan will be capped at 17 percent. If you borrow between $500 and $2,500, your monthly interest rate cannot exceed 15 percent. Loan amounts that are between $2,500 and $5,000 cannot exceed 13 percent for the monthly interest rates. It is illegal for loans over $5,000 to exceed a 10 percent monthly interest rate.
Online Title Loans
As an online lender, our company has to stay within the limits of Arizona law. When you secure a title loan quote with us, you can be sure that you are protected by Arizona’s strict legislation.
Applying for a title loan estimate on our online portal has never been easier or faster. Complete the application by providing personal information such as your name, address and telephone number. You will need to provide accurate information about your vehicle such as the make, model, year and estimated mileage.
After your application has been completed you will be given an instant quote of your vehicle’s value. At this point, you have not been approved for the loan, and you are under no obligation to continue with the application process.
When you proceed with the loan, a title loan representative will call you and finalize the specifics of the loan. After you sign the loan documents and provide the verification, your cash will be deposited into your bank account in one day.
How to Be Successful With Title Loans
You may have heard a few unsettling stories about title loans. However, there are millions of people in the United States who have gotten title loans and repaid them quickly. By following these tips, you can be one of the many title loan success stories.
- Pay your loan on time. This might be a no-brainer, but many people do not realize that title loans do not have a grace period. When your loan is late, it puts your car ownership in jeopardy. To eliminate this financial stress, you must pay your installment on or before the due date.
- Read your contract carefully. It is important for you to know the specifics about your title loan. You need to fully understand the consequences of default, your interest rate, monthly payment and due date.
- Borrow an amount of money that is affordable for your monthly budget. You may qualify for a $10,000 title loan, but that does not mean you should take it. Carefully consider your income, bills and monthly installment payment when you decide how much money to borrow.
Advantages of Online Title Loans
If you have bad credit, a registration loan or title loan, depending on if you own your car title outright or not, may be the best short term loan decision that you can make. These are the reasons a title loan might make sense for you.
- Title loans have lower interest rates than payday loans.
- The title loan application process is quick and easy.
- There are no prepayment fees for paying your loan early.
If you are in the market for a quick and easy loan, we invite you to complete an application with Approved Money today. Our title loan quotes can help you get through your short term financial crisis.