Can I Get A Title Loan in Arizona with Unemployment Benefits?
May 12, 2020 | By Peyton Sawyer
Experiencing a loss of income due to unemployment is often the most common reason for considering title loans in Arizona. A job loss can be devastating, on so many levels, to your financial health and more, especially if you do not have an emergency fund to supplement your income. Sometimes unemployment benefits are just not enough. When this happens, it can be overwhelming. Often times resulting in the need for quick cash title loans. The question is, can you get a title loan with unemployment benefits?
The answer is yes. You can get a title loan while receiving unemployment benefits, but a title loan like any other loan, requires payment. While you can get a title loan in Arizona if you are unemployed, the biggest issue is having the funds to make repayment. If you have already used title loans in the past, then you know that a title loan is a short-term loan secured by an asset, typically your vehicle, or more specifically your vehicle title. Defaulting on a title loan can result in the loss of your vehicle, so having the means to make payment is essential. Be sure to read through the title loan agreement before making any financial commitment, to be sure the repayment schedule is manageable.
Obtaining Title Loans in Arizona
If you own a vehicle and have proof of ownership (vehicle title under your name), then a title loan in AZ is a great way to get the cash you need. The requirements needed to obtain title loan approval are simple. If you are at least 18 years of age, and have a valid driver’s license, proof of residency, proof of income, and a vehicle title in your name, then you may have what it takes to qualify for cash today.
Requirements for a Car Title Loan
Car title loan requirements include:
- Valid driver’s license
- Proof of income
- Proof of residency
- Vehicle title in your name
If you are concerned about proof of income because of unemployment, don’t be. As long as you can provide all required documents, along with proof of your unemployment benefits, you should not have a problem qualifying.
If you are do not have the credit rating required for a traditional loan, you should know that a title loan from a private lender, such as Southwest Title Loans, does not follow the same approval process. Unlike a traditional bank loan, a title loans welcome all credit.
If you are wondering where you can find a Southwest Title Loans location in Arizona, there are several stores located throughout the state. Finding a convenient location should be no problem.
Getting a Title Loan Without a Job
If you are currently unemployed and receiving unemployment benefits, a title loan may be just what you need to handle a financial shortage. Speaking with a title loan representative may help to answer any questions you have regarding this matter. To contact a representative today, simply complete the online request form to receive a call right away. During the call, the representative will confirm the information you provided on the form, and take the time to address your concerns before you proceed.
How A Title Loan Can Offer Relief During This Time
Dealing with a loss of income can be tough. Knowing that you have options may be the only thing can offer you peace of mind during through all of this. Getting extra cash from a title loan lender in Arizona, can help to get your finances back on track, and so much more. Let’s take a look at what a title loan can provide.
Fast Cash Solution
Car title loans can offer a fast cash solution when your finances are suffering from a job loss. With this option, you can address your expenses, such as rent or mortgage payments, utilities, unexpected expenses, and more.
Quick and Simple Process
One reason title loans have become so popular is the quick and simple approval process. By providing just a few simple requirements, and completing an online request form, you can get the process started almost immediately. This can offer you the peace of mind and quick service at a time when you need it most.