Got an Emergency? Find a Title Loan Lender Near You in Arizona
June 19, 2020 | By Peyton Sawyer
We have all experienced a financial emergency at one time or another in our lives, but not all of us are able to handle the emergency without a little help. Living on a fixed income, from one paycheck to the next, can make it quite difficult to save for the unexpected. So, an emergency fund is usually out of the question, especially saving the recommended three to six months of expenses. When this happens, and it happens to many of us today, finding a title loan lender near you can be the only solution you have. There are several title loan lenders in the state of Arizona, whether you live in xxx or xxx, finding one is easy when you search for title loans Mesa.
While there are other options such as borrowing money from family or friends, you are faced with the embarrassment of asking or the worry of repaying the loan without causing damaging to your relationship. Traditional loans, such as bank loans, may also be an option for those of us that have good credit, but for those of us who don’t, we will most likely be labeled a high-risk applicant that will eventually result in a denial.
Understanding Credit and Loan Approval
A good credit rating is made up of a few different things that include; length of established credit, a good payment history or history of on-time payments, having enough credit and only using a percentage of that credit. It is recommended to only use 30% of your total credit, anything over that can negatively affect your credit rating. That means, if you have $1000 in total credit, you should only use $300 of that credit to keep a good credit score. For those of us, who are living from paycheck to paycheck that can be a difficult task. Living on such a small budget can often force us to use credit because we lack the available cash, resulting in a higher than recommended debt to credit ratio, and bad credit.
Finding the Right Title Loan Lender
That’s why finding the right title loan lender is so important. At Southwest Title Loans, representatives can help you qualify for the title loan cash you need the same day you need it. The requirements are fairly easy to obtain. If you own a vehicle, with the title in your name, a valid driver’s license, proof of income, as well as proof of residency, then you may qualify for the emergency cash you require in no time at all.
If you can provide the required items, then you should have no problem completing the title loan process. To get started, you can complete and submit the request form online at Southwest Title Loans to have a representative call you back with details, or you can call your desired location in AZ for immediate assistance. If you require title loans Mesa, then simply call that location to contact an associate today. They will help you to get started right away, so that you can handle your financial emergency without delay.
Title Loan Amounts and Repayment
In the past, people have borrowed anywhere from $300, to as much as $15,000 the very same day a title loan request has been submitted. If you are wondering how much you can receive in title loan funds, the loan amounts will vary depending on the requirements that you are able to provide. Remember, before signing for the loan agreement, review the terms and conditions you are presented with to be sure the repayment schedule and terms of the car title loan is acceptable to you and your financial situation. Once you taken the time to review, sign if the terms are acceptable to receive your money.
Repaying your auto title loan will consist of an agreed upon payment schedule. Once it has been paid in full, the final step is having the lien released from your title and returning the title to a free and clear status. With this type of loan, you can continue to drive your vehicle while making payments. The cash you are approved to receive will be made in exchange for your vehicle title. As an added convenience, you can make payments online or in the store.