Everything You Need To Know About Title Loans Online

Online title loans can provide financial relief for those facing a financial emergency that they cannot afford. Borrowers can get approved for title loans online without needing an in-store visit, and the title loan process can take less than a day.

In this guide from Southwest Title Loans, learn about some of the most important factors about online title loans, including title loan requirements, the process for getting approved, and who can qualify for this quick cash loan. Follow this guide to decide if an Arizona online title loan is right for you.

The Top 7 Things You Should Know About Online Title Loans

Before beginning the process for getting an online title loan, it’s important to understand what it is, details about this type of loan, and how you can get it. Below, we will explain important factors to consider about online title loans before making your decision. Learn about whether you can qualify and what you need to do to get an Arizona title loan for emergency funds.

The following are seven crucial factors about online title loans in Arizona:

1. A Lien-Free Car Title Is Used As Collateral

Online title loans are short-term loans that will lend you anywhere up to $15,000 using your paid-off, lien-free car title as collateral. Putting your vehicle title up as collateral means you promise to repay the loan on time and, if you don’t, you offer your car as payment to the lender.

A lien-free car title is one that has no outstanding liens or judgments, so you must have fully paid off your car to use it as collaterals for title loans online. It also must be in your name. If it is not, you can visit a local DMV office to process a title transfer to ensure the car title is in your name, allowing you to use it as collateral for online title loans.

2. Online Title Loans Should Be Used for Financial Emergencies

Title loans are not for frivolous spending or irresponsible financial use. They were created for those who have limited financial resources, no savings, and nowhere to turn during a financial crisis. Online title loans are for necessities, not wants. Avoid getting an Arizona title loan for luxuries like a new video game, concert ticket, or vacation.

If you’ve been hit with an urgent bill that appeared out of left field, consider title loans online and you could potentially get your quick cash loan within 24 hours to cover the cost of financial emergencies.

The following are some urgent expenses you can pay with an online title loan:

• Overdue utility bills, rent, or mortgage
• Medical expenses
• Home or auto repairs
• Unexpected travel costs
• Veterinarian bills

3. Online Title Loan Requirements

Qualifying for title loans online is simpler and more convenient than qualifying for almost any other type of loan. You just need a few items that a loan representative will verify during an-person meeting.

The following are the title loan requirements in Arizona:

• Your driver’s license or state-issued ID card
• A lien-free car title in your name
• Your vehicle for a quick inspection

Your I.D. should be from the same state where you’re applying for your loan. It should be valid (not expired) and reflect your current legal name and residence. Your identification proves that you’re above 18 years old, a requirement in Arizona.

Your car’s title needs to be lien-free. Every car title has a section that lists lienholders. The lienholder is someone or a company that has legal access to your vehicle under certain conditions. Ensure your vehicle title is under your name before applying. Finally, the car should be under your name and in your possession at the time you apply.

4. You Can Get Online Title Loans With Bad Credit

Arizona borrowers may worry that they cannot get approved for an online title loan because of their bad credit. Traditional bank loans require borrowers to prove they are creditworthy with a good credit score before someone can get approved.

However, that is not the case with online title loans in Arizona because this type of fast cash loan uses collateral. The loan is secured with your car title, making your credit score less relevant. You can get bad credit title loans is Arizona, and you can also get a title loan with no credit at all.

At Southwest Title Loans, we will not do a hard credit inquiry and will not report your credit score to credit bureaus.

5. No Store Visit Required

One of the great things about online title loans is you can do the whole process from the privacy of your own home. You can start the process on our website or over the phone and never need to make a visit to one of our in-person locations.

When applying for an online title loan, one of our loan representatives will call you. During this phone conversation, you can select a convenient location where they can meet you to verify your required items, such as your home or office.

6. Online Title Loans Are Available Across Arizona

While you can do the process completely online, many borrowers choose to stop in at one of our several Arizona locations to get to know our staff and enjoy the brick-and-mortar experience. In this case, Arizona residents can start by filling out our online inquiry form, but they can finish it in an office in.

The following are some of our Arizona store location you can visit:

• Tempe, AZ
• Glendale, AZ
• Phoenix, AZ
• Avondale, AZ
• Mesa, AZ
• San Tan Valley, AZ

7. The Online Title Loans Process Is Simple

The process for how to get title loans in Arizona is simple when working with Southwest Title Loans. We don’t overcomplicate the approval process, only requiring borrowers to complete a few easy steps that can take less than an afternoon. This is top help them easily get approved and receive their emergency cash.

The following is how to get title loans in Arizona:

• Fill out our online inquiry form
• Speak to a loan representative over the phone
• Ask questions about title loans and confirm essential details
• Determine a location for the in-person meeting
• Gather your required items and head to the in-person meeting
• Have the loan associate verify your required items and inspect your vehicle for its value
• If approved, sign the finishing paperwork
• Receive your emergency cash the same day or the next business day via direct deposit

Apply For Online Title Loans In Arizona – Get Approved For Up To $15,000 Today!

Now that you understand all the necessary details about online title loans, you can easily apply to get the emergency cash you need today. We allow Arizona borrowers to get same-day approval for online title loans in Arizona at Southwest Title Loans.

You can get approved online or in person. No matter which way you choose, you can easily begin the process by filling out our online inquiry form with your basic information. Get approved for up to $15,000 in emergency cash with our online title loans today!

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