Who Is Eligible For AZ Registration Loans?

Southwest Title Loans offers quite a few kinds of loans that might appeal to you, but one of the rarer options is AZ registration loans. This kind of loan isn’t often seen, and it serves vehicle owners in a very specific set of circumstances. In order to be eligible for this sort of loan, you must have a vehicle that you are still paying for.

Many people use title loans in a similar situation, but to take out a title loan, you have to own your vehicle outright. This means that you can end up unable to borrow against a vehicle that you own in part, which can limit your financial options. A registration loan offers a solution.

What You Need To Be Eligible For Registration Loans

1. You Must Be An Arizona Resident

These kinds of loans are only available in the state of Arizona, so you must be an Arizonian resident to be eligible for one. If you live outside the state of Arizona, you cannot take out one of these loans. No other states offer them.

You will need some ID that proves this. When you come into the store to apply for your loan, you should bring your identification with you.

Identification that is eligible includes a passport or a driver’s license. You may be able to use other forms of ID, but they must be government issued and contain a valid photograph.

2. You Must Be Over 18 Years Old

You can only take out a registration loan if you are over 18 years of age. If you’re younger than 18, you won’t be eligible for AZ registration loans.

Make sure your ID demonstrates that you are over 18. This is a regulatory requirement.

3. You Must Have Your Vehicle Registration

You also need to be able to show an Arizona motor vehicle registration with your name on the document, demonstrating that you have started the purchasing process.

You should bring this document with you when you come to the store, along with the other documents.

4. You Must Have An Active Checking Account

It’s necessary to have a checking account. This must be your own account (registered in your name).

This is key because it’s where we will transfer your loan money to. It’s also where you can make payments from as you begin paying back the registration loan. Bring proof of your account, such as a bank statement, when you come into the store.

5. You Must Have Your Social Security Number

You’re also going to need your social security number, as this helps to reduce fraud and protects the customer and the lender. Your social security number must be valid.

You should bring a document with your social security number into the store when you come down.

6. Bad Credit Is Okay

One thing that you don’t need for an Arizona registration loan is great credit. You can get one of these loans even if your credit is poor. Taking out this kind of loan does not involve a report to credit bureaus, and also won’t affect your credit going forward.

We work with people with all kinds of credit, even those who have no credit history at all. No matter what your credit looks like, you can apply and you may be eligible for a loan, so reach out to us today.

How To Get A Registration Loan

Now that we’ve established all the things you need for this kind of loan, this is the basic process you should follow:

1. Get in touch via the form on our website, or simply call us at 623-266-9163. You will be contacted by a friendly agent who can help you with any questions you have.
2. Talk to the agent about your needs and go over the documents you have available to make sure everything is in order.
3. Organize a trip to your nearest AZ registration loans store, where a member of staff will help with all the paperwork and check over your vehicle’s condition.
4. Find out whether you have been approved for the loan, and how much you can borrow.
5. Sign the papers, and wait for the money to go into your account!

Get AZ Registration Loans Now

So, as you can see, Southwest Title Loans provides AZ registration loans to people in the state of Arizona, regardless of their credit history. As long as you meet the conditions described and have the paperwork mentioned, you should be eligible. You can check very easily either way: just get in touch and we’ll be glad to help you out.

Registration loans are a solution if you’re in a financial pinch, so may wish to consider one. Remember to do thorough research into the options and ask any questions that you may have before you agree to anything.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.