What You Must Know About Registration Loans In Phoenix, AZ
Southwest Title Loans offers multiple kinds of loans, including registration loans in Phoenix, AZ – which you may not have heard of before. If not, it’s worth finding out more about them, in case they could be of benefit to you. If you’ve hit a financial emergency and you need funds fast, a registration loan might be a viable option. Registration loans are intended for those who are still making car payments. This is a fairly specific situation, so use this guide to learn more about these loans.
What Should You Know About Getting Registration Loans In Phoenix, AZ?
If you are thinking of getting registration loans in Phoenix, AZ, it’s important to do thorough research before you begin. As we said, registration loans are intended for a very specific scenario: a case where you have purchased a car that you are still making payments on, but you would like to borrow money against the value of that car. Normally, borrowing against a car’s value would involve taking out title loans, but you can only take out this kind of loan when you fully own the vehicle.
Since the vehicle doesn't count as yours completely when you are still making payments on it, you can’t take out a title loan – but you can take out a registration loan. These are designed so that you can use the registration as the collateral instead of the title. It’s important to know right from the start that with this loan, we here at Southwest Title Loans will definitely need to check your credit before we can determine if you qualify for approval. However, we won’t have to inspect your vehicle beforehand.
Do Registration Loans In Phoenix AZ Provide Money Quickly?
One of the drawbacks of traditional loans is that many of them take days or weeks to process. You may find that you end up waiting to find out if you have even been approved, and then waiting even longer for the loan money to appear in your account. That isn’t how registration loans work with us here, fortunately. Registration loans in Phoenix, AZ will be dealt with quickly. If you have all your paperwork ready when you apply, you will enjoy a quick and easy process.
What Does The Process Look Like?
First, you will either give us a call at 1-800-514-2274 or go to our website to fill out the online form. Either way, you will talk on the phone with one of our friendly loan representative who will go over the process and the list of required items you’ll need for registration loans in Phoenix, AZ. The good thing is the list is short and easy for you to remember. All you need are the following four items to allow us to determine if you qualify for approval:
- A valid Arizona driver's License or government Issued photo ID.
- An Arizona motor vehicle registration that is in your name.
- An active checking account in your name.
- A valid social security number.
Once you have the items ready and are finished on the phone, you can then come into the nearest registration loan store locations to complete the process. This part can take under an hour, and when you’ve completed it, you’ll know whether you have been approved for the loan or not and how much we can lend you. If your application is successful, you’ll get the money very soon – either that same day or the next bank business day.
That makes registration loans in Phoenix, AZ preferable to a traditional loan if you need the money in a hurry. You know you won’t be waiting weeks to even find out if you’re going to get it, and you also won’t be waiting additional weeks for it to finally show up. Registration loans are useful when you need money fast. Plus, you get to keep your car while you repay the loan. Just make sure to keep up with the repayment schedule, and everything should be just fine.
What Happens If I Miss The Call?
To come into the store and get a loan sorted, you need to speak to the representative over the phone first – which is why we have the online form. Once you submit the form, you’ll get a call back shortly afterward, so keep your phone handy. However, if you do miss this call, don’t panic. Missing the call won’t affect your application at all; you can still get a loan even if you don’t respond for any reason. Just come to the nearest store with your items to get your meeting scheduled with us.
Start Applying For Registration Loans In Phoenix, AZ Today!
If you’re ready to apply for registration loans in Phoenix, AZ, reach out to Southwest Title Loans and speak with one of our professional agents today. We can help with explaining registration loans and we will also offer you any assistance you need. It’s important to do thorough research before taking out any kind of loan. So make sure you understand everything about registration loans and fill out the online form on our website when you are ready.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.