Financial emergencies can be stressful, especially when your credit history makes traditional borrowing more difficult.
If you're rebuilding your credit, have limited credit history, or simply don't have a perfect score, you may still have borrowing options to review.
At Southwest Title Loans, Arizona residents can explore two vehicle-related loan options:
These aren't the same as traditional unsecured personal loans. Instead, your vehicle ownership or registration information plays an important role in the application process.
Qualified borrowers may receive:
- Up to $15,000* with an Arizona title loan
- Up to $2,500* with an Arizona registration loan
Having bad credit doesn't automatically prevent you from applying, but approval is not guaranteed. Your ability to repay, required documentation, vehicle information, credit when applicable, and other application details may still be reviewed.
Here's how the two options work.
Key Takeaways
- Southwest Title Loans offers title loans and registration loans in Arizona.
- Applicants with different credit histories may apply.
- A title loan requires you to fully own your qualifying vehicle.
- A registration loan may be available while you're still financing your vehicle.
- Title loans currently offer up to $15,000*.
- Registration loans currently offer up to $2,500*.
- Credit may still be reviewed depending on the loan product.
- All loans are subject to ability to repay and a complete, approved application.
- You can start online, but the current process is completed in person.
What Are Bad Credit Loans in Arizona?
Bad credit loans are loan options that may be available to applicants with less-than-perfect credit. Approval may depend on more than a credit score, including income, vehicle ownership, registration information, collateral, ability to repay, and other application details.
At Southwest Title Loans, Arizona borrowers may be able to review title loans or registration loans. These loans are designed for short-term financial needs and should be reviewed carefully before borrowing.
Approval, loan amounts, and funding times are not guaranteed.
Two Types Of Bad Credit Loans In Arizona
While many fast personal loan types exist, Southwest Title Loans offers two: title loans and registration loans. You can get these instant approval bad credit loans without needing to prove your creditworthiness. Loan approval has different eligibility requirements than traditional bank loans, so you’ll be able to get approved with bad credit or no credit at all.
The following are the Arizona bad credit loans offered by Southwest Title Loans:
1. Title Loans In Arizona
Car title loans in Arizona allow you to borrow up to $15,000, depending on the value of your vehicle. However, you'll need to own your vehicle outright to qualify because we need to place a lien on your car title to process the loan.
How much you can borrow with title loans in Arizona depends on your car’s value. We will assess your vehicle’s age, make, model, modifications, mileage, condition, and service history when determining how much you can borrow.
You can get car title loans in Arizona for bad credit because you use collateral in the form of your car title to secure the loan. The loan lender has protection through the collateral in case you cannot repay the loan, so you do not need to prove your creditworthiness.
We only have a few eligibility requirements for Arizona title loans:
- State-issued identification — We accept driver's licenses, passports, student IDs, and other documentation, provided it showcases your name, date of birth, and photograph. You must be at least 18 years old to get approved for a title loan.
- Lien-free vehicle title — Your lien-free vehicle title proves you do not have any outstanding judgments or liens attached to your car. We place a lien on your title to secure the loan, but we can't do that if one is already in place.
- Vehicle — We need to inspect your vehicle in person to decide whether you qualify for car title loans Arizona.
2. Arizona Registration Loans
Arizona registration loans are an option if you don't own your vehicle outright. They allow borrowers with a vehicle registration to borrow between $200 and $1,500 for a financial emergency. Unlike with title loans, you don’t need to own your car outright and can borrow money with outstanding liens, debt, or judgments.
You can borrow bad credit registration loans because they are short-term, low-value loans. Unlike a traditional bank loan that could be thousands of dollars, you may only borrow a couple hundred dollars with an Arizona registration loan. This means you do not need to prove you have great credit. However, there are a couple of requirements you must meet to get approved for registration loans.
The following are the required items for an Arizona registration loan:
- State-issued identification — Borrowers can prove their identity and age using their driver’s license or another state-issued identification card, such as their state ID, passport, or military card.
- Motor vehicle registration — You must have a valid Arizona car registration in your name to get approved. You cannot use someone else’s registration to borrow money.
- Active checking account — Arizona borrowers need to have an active checking account to get a registration loan. The checking account must be opened in your name.
- Valid social security number — We use this to gain an accurate picture of your financial situation. While your credit score will not prevent you from getting a registration loan, we will check your credit score to determine loan value.
Comparing Title Loans And Registration Loans: What Are The Differences?
Arizona title loans and registration loans have many similarities, including same-day approval for cash, an easy application process, and the ability to get started online. While you can receive your emergency cash from both in less than one day, there are slight differences that can affect which one is right for your financial situation.
The following are the differences between title loans and registration loans:
- Loan amounts — Title loans allow borrowers to receive up to $15,000, while registration loans only for up to $1,500. That makes a title loan better for a more expensive financial emergency, such as medical bills or home repairs. In contrast, registration loans can help with smaller, short-term emergencies like missing rent.
- Whether you need your car paid off — Arizona title loans require borrowers to have fully paid off their vehicle before they can apply for emergency cash. That is not the case for registration loans, which you can get while still paying off car loans. That makes registration loans more easily available to those still needing to make car payments.
- Credit score impact — Registration loans in Arizona require soft credit checks, meaning we will check your credit score without notifying the credit bureaus. The value of your registration loan will depend on your credit score. This is not the case for title loans, which are not affected by your credit score.
The Approval Process For Bad Credit Loans In Arizona
While there are some differences between title loans and registration loans, the approval process is similar. At Southwest Title Loans, we keep the process as simple as possible to allow borrowers to get approved for emergency cash quickly.
Our approval process outlined below should take less than 30 minutes. You can start online, speak to a loan representative over the phone, and get approved in person.
The following is the process for getting bad credit loans in Arizona:
- Submit your name, zip code, and contact information through our online inquiry form
- Speak to a loan representative about bad credit loan details over the phone
- Bring your required items to the Arizona store location nearest to you
- Have a loan associate verify your required items
- If you are getting a title loan, let the loan rep inspect your vehicle for its value
- If approved, sign loan documents to finalize the process
- Receive your fast emergency cash the same day or the next business day
Get A Title Loan Or Registration Loan From Southwest Title Loans Today!
Getting instant approval for bad credit loans is simple when you know how. Whether you own a vehicle outright or have partly paid it off, you can get access to registration or title loans in Arizona from us at Southwest Title Loans. Getting approved takes less than a day and can happen in as little as 30 minutes. A fast personal loan with us allows you to quickly resolve your financial emergency.
You can get bad credit loans with us today after following the simple approval process mentioned above. Want to get approved for Arizona title loans or registration loans today? Begin the process by filling out our online loan form or call us directly to discuss bad credit loan terms with a friendly associate.
Frequently Asked Questions
Can I get bad credit loans in Arizona?
Applicants with poor or limited credit may still be able to apply for title loans or registration loans through Southwest Title Loans. Approval depends on the complete application, ability to repay, and other applicable requirements.
Does Southwest Title Loans offer personal loans?
Southwest Title Loans offers Arizona title loans and registration loans. These vehicle-related products are different from traditional unsecured personal loans.
How much can I get with a title loan?
Qualified Arizona borrowers may receive up to $15,000*. Actual amounts depend on vehicle evaluation and approval.
How much can I get with a registration loan?
Southwest Title Loans currently advertises registration loans of up to $2,500*.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
