No Savings? Get A Title Loan in Arizona
May 4, 2020 | By Peyton Sawyer
Have you been hit with an unexpected emergency, but have no savings to handle the situation? You are not alone. This is a common issue for many of us. Most Americans are struggling with their finances, living from one paycheck to the next, without access to an emergency fund to help when times get tough. Financial health can be very hard to secure, especially if you are dealing with job loss, insufficient wages, unhealthy spending habits, student loans, and so much more. This is why more and more people are looking for title loan places that can help them handle their unexpected emergency.
Why Most People Do Not Have A Savings
When establishing an emergency fund, it is recommended that you save at least three to six months of standard monthly expenses. That means, if your bills are $2,000 each month, you should have an amount from $6,000 to $12,000 in your bank account at all times. Let’s be real, that is not an easy task to accomplish. For an average person, making an average income, saving anything is difficult, let alone saving an amount such as this. Consider the average family. You may be living on minimum wage, or you may have a family to support and a home to pay for, not to mention all of the other bills that are associated with owning or renting a home. Creating a savings account may be the last thing on your list after paying your monthly expenses, even though it should be one of your first.
Accessing Title Loan Cash Today
So, what do you do when you do not have any savings, but you need cash? Getting a title loan in Arizona is a great option when you need money quickly. There are several title loan places, where you can access the title loan cash you need today.
With the help of Southwest Title Loans, you can access the title loan funds you need in AZ the very same day you need it. All you need to get started on the title loan process are just a few simple requirements.
Requirements for Southwest Title Loans in Arizona:
- Valid drivers license
- Proof of income
- Proof of residency
- Vehicle title in your name
By providing these requirements, completing the easy title loan request form, and visiting one of the title loan places in your area, you can get the title loan approval process started in no time at all. All credit is welcome, so do not worry if you are dealing with bad credit or no credit, you may still have what you need to qualify.
Not Sure How A Title Loans Work
If you have never received a car title loan, and not quite sure how it works, you need some information before getting started. A title loan is a short-term loan that requires an asset as collateral to secure the cash you are requesting. With this type of loan, the collateral required is a vehicle that you own. That vehicle title must be under your name as well as being free of any liens. Qualifying for title loans is often easier than a traditional bank loan since all credit is welcome to apply. If approved for a title loan, you will be asked to provide the lender with your vehicle title in exchange for a cash amount. You will not be asked to hand over your vehicle, which means you will still have access to your vehicle while repaying your loan.
Wondering How Much You Can Receive
Receiving emergency title loan cash from a Southwest Title Loans location in Arizona is less complicated than requesting a loan from a traditional banking institution. If you are wondering how much cash you can qualify for, well, that will depend on the requirements that you provide, as well as the vehicle that you are using as collateral. When determining eligibility and title loan amounts, all requirements are considered. While title loan amounts will vary, up to $15,000 in same-day funds are available.
Establishing A Manageable Repayment Plan
If you qualify, the representatives at Southwest Title Loans will work with you to establish a manageable repayment plan that can provide the comfort you need during this stressful time. Having the cash to handle your financial emergency is the main goal, but be sure that repayment is possible to avoid any further financial complications.