Can I Get A Title Loan Without A Job In Arizona?

Getting a title loan without a job may seem far-fetched. Typical bank loans require not only a high credit score, but also a steady form of employment. However, emergencies never wait until you're employed to strike — medical bills, veterinary fees, home repairs, and car breakdowns can happen at any time, whether you're ready or not.

In this guide from Southwest Title Loans, we will discuss how you can get a title loan without a job as long as you have alternative income, such as unemployment, disability, SSI/SSDI benefits, alimony, etc. We will also review title loan requirements and the approval process.

Key Takeaways

• You can get a title loan without a job as long as you have alternative income, such as unemployment, SSI/SSDI benefits, alimony, side hustle income, etc.
• Ensure you can afford repayment before going for a title loan without employment, as failing to repay what you owe can lead to late fees and vehicle repossession.
• To get a title loan in Arizona, you will need a state-issued photo ID that displays your full name and date of birth, a lien-free vehicle title in your name, and your vehicle for an inspection.
• You can get these bad credit personal loans in Arizona because you use high-value collateral to secure the loan, making your credit score less important.
• The approval process requires you to apply online, speak to a loan representative over the phone, get your requirements and vehicle inspected at an Arizona store location, and fill out the loan agreement to receive your emergency funds within one business day.

Can I Get A Loan Without A Job?

Unbeknownst to many, you can get a title loan without proof of income in Arizona. Approval for Arizona title loans is based on you owning your vehicle outright and providing your lien-free vehicle title as collateral. That said, you will need to prove you have income even if you don’t have a job.

You should have sufficient income to meet the repayment terms to avoid late fees and potential vehicle repossession. You don't want to end up accidentally making your financial situation worse after funding the emergency.

The following are some alternative income sources you can use to qualify for a title loan:

• Unemployment — In Arizona, you can receive unemployment benefits for between $236 and $320 weekly for up to 26 weeks, as long as you lost your job through no fault of your own and you are seeking new employment. In this case, a title loan can help you with emergency expenses, but you likely will get approved for less than the maximum of $15,000.
• SSI/SSDI benefits — Supplementary Security Income (SSI) can help people over 65 cover basic costs they cannot afford. Social Security Disability Insurance can help those with a disability that prevents them from working who’ve paid Social Security taxes in the past. You can use SSI/SSDI benefits to prove you have money coming in to afford title loan repayment.
• Alimony — After a separation or divorce, the more well-off financially partner may be required by a court to pay alimony, so the less financially stable partner can still afford their lifestyle. If the couple has children, they may also have to pay child support. These are typically paid on a monthly basis to pay for basic costs like food, utilities, etc., but you can use these payments to prove income for a title loan.
• Side hustle income — When you are between jobs, it may be in your best interests to start working as a freelancer. You can drive for Uber or Lyft, complete writing tasks on platforms like Fiverr or Upwork, work as a remote assistant, do graphic design, manage social media accounts, etc. You can use earnings statements from your side hustle income to prove you can afford the title loan repayment.

What You Need To Get A Title Loan Without Employment

As we have established, you can absolutely secure a title loan without employment. However, you will still need to have income and meet our other requirements. Thankfully, we have simple requirements you can satisfy with just the title loan requirements you should be able to find at home.

Here are the items you can use for title loan approval in Arizona:

• Identification — You will need a valid, state-issued identification to gain approval. This should display your full legal name, date of birth, and photograph. Acceptable documents include your passport, driver's license, student ID card, and military service member's ID card. Keep in mind that you need to be at least 18 years of age to qualify.
• Lien-free title — You must own your vehicle outright without any outstanding liens or judgments. As such, you need to prove this by providing your lien-free title. The title must be in your name. If it isn't, you will need to complete a title transfer at your local Department of Motor Vehicles.
• Vehicle — You will need to bring in the vehicle associated with your vehicle title for an inspection. We accept cars, trucks, and vans. We do not accept motorcycles, boats, tractors, trailers, RVs, ATVs, or other modes of transport. During the in-person portion of the process, we will examine your vehicle to establish how much it's worth.

These bad credit personal loans in Arizona also don't require a good credit score. While many banks require a credit score of at least 580, that isn't the case with title loans. Our loans use your vehicle's value to determine how much you can borrow, meaning we don't have to be strict on our credit requirements.

How Much Can You Borrow With A Title Loan?

You can borrow up to $15,000 with a title loan in Arizona. As we mentioned above, your vehicle’s value will influence how much you can borrow. We will inspect your car: the more it's worth, the more you could potentially borrow.

Here are some of the factors that can influence how much your vehicle is worth:

• Vehicle age — Older cars generally have lower value than newer ones, but this does not apply to classic or vintage vehicles.
• Odometer reading — We evaluate mileage based on your vehicle's age. In the U.S., the typical annual mileage ranges from 10,000 to 12,000 miles. Therefore, a two-year-old car with 40,000 miles is considered high mileage, which can reduce its value.
• Service history — Cars with full service histories tend to have higher value than those with incomplete records. This indicates proper maintenance, reducing the likelihood of major failures in the near future.
• Condition — We evaluate both the cosmetic and mechanical aspects of your vehicle. Issues such as stained interiors, transmission problems, steering column damage, cracked tires, dents, and scratches all reduce its value.
• Modifications —Even if you're proud of modifications such as spoilers, exhausts, custom paint, decals, wraps, lift kits, and more, these enhancements can decrease your vehicle's overall value in the eyes of others.

How To Get A Title Loan In Arizona

The approval process for Arizona title loans only takes a few steps. You can get fast approval title loans in just one day, with the in-person process only taking 30 minutes. If you get approved early enough in the day, you can even get same-day funds to handle your financial emergency swiftly.

With that in mind, let's go over the simple steps:

1. Complete our short online request form with your basic details (name, ZIP code, contact information, and vehicle details)
2. Answer our phone call to discuss requirements, the approval process, repayment, etc.
3. Head to our nearest Arizona store location with your required items for verification
4. Allow our loan representative to inspect your vehicle for its value
5. If approved, sign the loan agreement to finish the process
6. Receive your title loan funds later that day or by the next business day

Get A Title Loan Without A Job From Southwest Title Loans Today!

You can get bad credit personal loans in Arizona without a job at Southwest Title Loans. While you need to be sure you can repay the amount you borrow, you don't have to provide proof of employment to us as part of the process. You can access funds using your car’s equity if you own it outright, and you get to keep your car during repayment. 

Need title loans without employment? Simply complete our online title loan form now! We will call you to discuss everything and guide you through the remaining steps as quickly as we can. 

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