Car Title Loans in Nogales
Being low on cash is a problem many of us will face at multiple times throughout our lives. Even with proper budgeting and savings, there are times that can arise that call for money we just don’t have. Whether it is repairs to our home after a major storm, a medical bill we never anticipated, or the loss of a job, there are just some things that we can’t plan for.
When these times appear, we need to get the necessary cash as quickly as possible – something that usually isn’t an option when we apply for a loan from the bank.
If you’ve ever applied for a bank loan, you know how much of a hassle to application process can be. To start, you need to fill out a pile of paperwork to even get the process started. This step alone can take hours or even days. After your application has been submitted, you may then need to wait even longer to hear back about your status. For busy banks, this could mean waiting weeks.
In some cases, the application process for a bank loan doesn’t stop there. If you are bordering approval, you may be asked to come in for an interview with a lender – further postponing the process and causing you to take time out of your busy schedule. You may even be required to miss work to make the appointment.
After this entire application process is finally completed, you don’t even have a guarantee that you will be approved for the loan. You could spend days or weeks applying and waiting to hear back, only to find that you do not meet the bank’s qualifications. At this point, your payment due date may be just a few days away and you’re still without the money that you need. Or, you may be past the due date and acquiring late fees, so now you owe more yet still can’t make the payment.
Anyone who has gone through this situation knows what a struggle it can be. But thankfully, there is another loan option that allows you to apply quickly and get approved easily.
What makes title loans Nogales different?
The process for all loans doesn’t necessarily look like the scenario mentioned above. Certain kinds of loans, like title loans in Tucson, were created to make it easy to borrow money, especially when you desperately need it.
A title loan allows you to take a loan out on a vehicle that you own, meaning a car, truck, SUV, motorcycle or boat that does not have liens or loans already attached to it. When you take out a loan on your vehicle, it means your automobile will be used as collateral for the deal – allowing the application and approval process to move quickly.
Unlike a loan you would get from the bank, a title loan doesn’t look at your credit score to determine if you meet their standards. Instead, title loan providers put trust in you that you will repay the money you are given. As security for the deal, you agree that you will forfeit the vehicle used in the pawn to cover any expenses you are unable to repay.
What are the benefits of title loans Nogales?
Ease of application and simple approval process aren’t the only benefits of title loans Nogales, although they are huge bonuses compared to a standard bank loan. Title loans are also beneficial because they do not require you to constantly check in with your loan provider about how the money is being spent.
When getting a loan from the bank, they usually have different loan types designed to help pay for different things. Home loans, student loans, and car loans are all examples of these designated loan types. When you get one of these loans, you are expected to use the money for purchases in that category.
But with a title loan, the money you receive can be spent however you need it. If you need cash to pay off debts or pay rent, your title loan money is available for that. Even if you want to use the money to go on vacation or spoil yourself, your title loan cash is yours to spend.
How do I apply for title loans Nogales?
When you want to get a quote for a title loan in Nogales with Approved Money, you can fill out the online form to get your application started. So that you can be prepared for your title loan application, here is an overview of the application process:
- Complete Online Application
The title loan application process begins when you fill out the online form found right here on the Approved Money webpage. To fill out this online application, you will need to give the make, model, year, and mileage of the vehicle you’re looking to use in the deal. The application will also ask for your name and phone number.
- Receive Title Loan Estimate
Once your application has been received, Approved Money will give you an estimate on how much you may be able to receive from your title loan. Keep this number in mind when moving through the rest of the application.
- Talk With Loan Representative
As soon as one is available, a title loan representative will call you with an offer for how much you can borrow. They will also discuss the process for borrowing with a title loan and answer any questions you may have. Through this conversation, your title loan terms will be determined and you can set up a time to pick up your money.
- Make the Swap
The final step in your title loan application process is to exchange your vehicle’s title for the loan money promised to you. The location and day for the exchange will usually be determined while on the phone with your loan representative. In most situations, it will be the next day or even just a few hours later. Once you have made the exchange, the money is yours to spend however you please.
While the application is complete at this point, you will still be responsible for paying back the money that you borrowed on time.
Approved Money specializes in providing title loans to qualified individuals in the area, but we also have a number of other loans available to those interested. We also offer Phoenix registration loans in Arizona. Contact us to see how we can help.