Late bills can put extra pressure on your budget at any time of year, but they can feel especially stressful when the holidays are approaching.
Before spending money on gifts, travel, or celebrations, it may make sense to deal with overdue necessities first.
Start by figuring out which bills are most urgent, contacting the companies you owe, and seeing whether you can arrange a payment plan or reduce the amount due immediately.
If a genuine financial emergency still leaves a gap after you've reviewed your other options, Southwest Title Loans offers two vehicle-related borrowing options in Arizona:
- A title loan for qualifying borrowers who own their vehicle outright
- A registration loan for qualifying borrowers who may still be making payments on their vehicle
These products work differently, so it helps to understand the requirements, amounts, and repayment obligations before deciding whether either one fits your situation.
Which Loans Can Help Pay Late Bills Before The Holidays?
With the holiday season fast approaching, you might be looking for a financial boost to help you pay your late bills in time. While plenty of options are available on the market, you should consider either getting title loans or getting registration loans to help you out.
These loans are quick and easy to get, which means they could get you the money in as little time as possible. That money can go straight towards your bills so you don’t fall deeper into trouble. Here’s a closer look at each of these loans:
Title Loan
The first option is a title loan. With a title loan, you are using your vehicle’s lien-free title as collateral to secure the money. When you come to Southwest Title Loans, you can get up to $15,000 to help you with your bills.
While we are using your title as collateral, that does not mean we have to keep your vehicle. In fact, even if you are approved, you can leave here with your car. Keep in mind that we do have to inspect the car because that is what we use to determine how much we can lend to you.
We base this on your vehicle’s condition and resale value, so we recommend getting your vehicle in good shape before bringing it in to see us. And when it comes to the vehicle inspection, this can take place either at our nearest store location in Arizona or at another location of your choosing. Either way, we will also need to see your driver’s license or your state-issued photo ID and your lien-free title that is in your name.
Registration Loans
The second loan you can get with us at Southwest Title Loans is a registration loan. In case you are still making car payments, you can consider getting a registration loan instead. This is due to the fact that we are using your car’s registration as collateral and not the title.
You can get up to$2,500 by providing your Arizona driver’s license, an Arizona motor vehicle registration in your name, an active checking account in your name, and a valid social security number.
Unlike title loans where we need to inspect your vehicle, that doesn’t happen with registration loans. Instead, we base how much you can get off of your income and your credit score. This does mean that we will need to do a quick credit check before we can make any decisions. Unlike our title loans where we can meet you at another location to finish the process, you must come to the store to finish the registration loan process.
How Do These Loans Help You Pay Off Your Bills?
Now that you know more or less how each of our loans work, you are probably wondering how this all helps you when it comes to paying off your bills. Well, there are several ways they can help you out.
Whether you choose a title loan or a registration loan, either of them can help with your late bills out of the way in time for the holidays. So, if you are struggling with late bills, here are two ways these two loans can help you out.
1. They Can Get You Cash Quickly
The first way these loans help is by getting you cash quickly. Our process for either a title loan or a registration loan is quick and easy, which means you will find out rather quickly if you are approved. And if you are approved for either loan and you agree with the loan terms, we work hard to make sure you can get the money either later that same day you are approved or by the next bank business day at the latest!
2. The Process Is Easy For Either Loan
As we said above, the process is easy no matter which loan you choose. In fact, you can begin the process for either loan right on our website. Just fill out the online form and one of our representatives from the nearest store will give you a call. Whether you are going for a title loan or a registration loan, they will go over the required items you’ll need and they will set up a meeting for you to meet the representative in person.
Remember, you can finish the process for a title loan at any location you choose. If you are going for a registration loan, you will have to come to the nearest store location to finish the process. Either way, they will assess your items and either inspect your vehicle or run your credit based on the loan you want. If you are approved, they will go over the loan terms and see if you agree with the amount you can get for whichever loan.
Settle Your Bills Now!
When it comes to late bills, it is important to get those taken care of before the holidays officially begin. But as you can see, we here at Southwest Title Loans make it easy! Just come see us for either our title loan or our registration loan to get the help you need. Either of our loans can get you the quick money you need with our simple and fast process. So, once you’ve gone through this article and have chosen the loan you want, just go to our website and fill out the online form to get started!
Frequently Asked Questions
What should I do if I'm behind on bills before the holidays?
Start by identifying your most important bills, contacting creditors or providers, asking about payment arrangements, and reducing discretionary holiday spending. Borrowing may be something to compare only if an urgent financial gap remains.
What is an Arizona title loan?
A title loan is a secured loan that uses a qualifying lien-free vehicle title as collateral. Southwest Title Loans currently offers qualified Arizona borrowers up to $15,000*.
What do I need for a title loan?
Current core required items are a driver's license or state-issued photo ID, a lien-free title in your name, and the vehicle for inspection.
What is an Arizona registration loan?
A registration loan is a financing option available to qualifying Arizona borrowers who may still be making payments on their vehicle. Southwest Title Loans currently advertises registration loans up to $2,500>*.
What do I need for a registration loan?
Current core requirements include a state-issued photo ID, Arizona vehicle registration in your name, and an active checking account. Additional proof of income may also be required depending on the application.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
