New Loans  623.266.9163
Payments  623.266.9163
Make a Payment

A Complete Overview Of Online Title Loans For First Time Borrowers

November 5, 2021 | Emma Frost

online title loans

 

If you’re looking for a comprehensive guide about online title loans then you’ve come to the right place. Here is what you need to know about what online title loans are, how they work, what you need to qualify, and how to get one yourself in under an hour. By the end, you will be ready to get the emergency help you need.

Important Information To Know About Getting Your First Title Loan

What Is A Title Loan?

A car title loan is a type of short-term secured loan. A secured loan requires you to put up a property of yours as collateral for the duration of the loan repayment period to protect the lender’s assets. In the case of title loans, that collateral is a title of your vehicle – either a car, a truck, or a van.

While in the repayment period there’s a lien placed on your vehicle title. Once the loan is fully paid, the lien will be released. What makes it possible to get them online is the simpleness of qualifying requirements. You can provide us here at Southwest Title Loans with the information we need through an online form, then we can give you a call to set up the rest of the process.

Who Can Qualify For Online Title Loans?

Title loans are designated for people of legal age who outright own their vehicles. When it comes to us at Southwest Title Loans, we require that you’re over 18, have a vehicle that is fully paid off, and have a title that is in your name and free of outstanding liens or judgments. Here is a list of items to bring in:

  • A valid state-issued photo ID or driver’s license;
  • The vehicle for a quick inspection to determine how much you could qualify for;
  • The vehicle’s lien-free title in your name to use as collateral.

What If The Vehicle Title Isn’t In My Name?

If the title isn’t in your name, you won’t be able to use it as collateral for a title loan, even with written permission from the person whose name is on the title. This, however, is easily fixable. Just transfer the title to your name at the local DMV and you can get started.

How Much Can I Get With Online Title Loans In Arizona?

The maximum loan amount for a title loan at Southwest Title Loans is $15,000. The maximum amount you qualify for will be based upon the vehicle model’s price – as determined by a nationally recognized pricing guide – and the vehicle’s state. This is determined by the inspection we conduct during the meeting.

Can I Qualify For Online Title Loans With Bad Credit?

While there might be a quick credit check performed, bad credit is generally not going to render you ineligible for a title loan as long as the required items you provide satisfy our requirements. As a matter of fact, we do not report to credit agencies at all about your loan.

What Should My Income Be?

When it comes to your income for a title loan, there’s no predetermined amount. Since title loans are secured by the collateral you provide, your income plays next to no part in determining your loan eligibility. You likely won’t even have to provide proof of income, as the loan amount is determined by your car. Any means you choose to repay the loan can be further discussed during the meeting.

Will I Need To Give Up My Car For The Repayment Period?

Title loans are secured with the car title, so it’s the title that stays with us for the duration of the loan payoff. This means you are free to use your vehicle as long as you want, however you want during the loan repayment period. Just make sure to keep up with the repayment schedule.

 

title loan cash

 

Getting Online Title Loans Is Easy! Here’s What You Do

Getting online title loans should be a smooth and quick process, as long as you’ve got all the required items in order and ready to go. All it takes to get started is filling out and submitting an online form you’ll easily find on the website. As soon as it gets processed you’ll get a call from the loan representative in charge of your case.

You will have to take the required items to the meeting the loan representative arranges for you at the nearest car title loan locations in Arizona. The loan representative will assess everything to determine if you qualify and for how much. If they approve you, you’ll finish the paperwork with their assistance and get the cash on the next bank business day at the latest.

Get The Help You Need Today With A Title Loan!

When it comes to needing help with emergency expenses, get the help you need with a title loan. You now know what you need to about our title loans and how to get them. When you are ready fill out the online form to get started.

Arizona Title Loan Association Logo Go-Daddy Logo

Avondale Store
1485 N Dysart Rd, Ste 101
Avondale, AZ 85323

Mesa Store
1025 S Power Rd, Ste 108
Mesa, AZ 85206

Glendale Store
9284 W Northern Ave, Ste 104
Glendale, AZ 85305

Tempe Store
937 E Broadway Rd, Ste 3
Tempe, AZ 85282

San Tan Valley/Queen Creek Store
530 E Hunt Hwy, Ste 105
San Tan Valley, AZ 85143

North Phoenix/Scottsdale Store
3510 E Bell Rd, Ste 1 & 1A
Phoenix, AZ 85032