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Using A Title Loan Can Help During A Financial Emergency

A financial emergency can happen when you least expect it, but getting a title loan from Southwest Title Loans can help you when that happens. You can use the car to get the urgent cash needed to make urgent payments and overcome your hurdles.

In this article, you’ll first learn what a financial emergency is to know when a title loan might be helpful. Then, you’ll discover how this type of loan can be helpful and what steps you’ll take to get one.

What Is The Definition Of A Financial Emergency?

Before diving deeper into how a title loan works, it’s essential to define what an emergency is in the first place. It’s easy for many people to assume every financial hurdle is an emergency.

Unfortunately, doing that can lead to overreactions and unwise decisions about how to manage your money. First, remember that not everything is an emergency. When something occurs, you must assess the situation calmly. You can consider a situation to be a financial emergency if:

  1. You require a significant amount of money to solve the problem.
  2. The cost to solve the problem could be more than what you have set aside.
  3. You must quickly make one or more urgent payments to resolve the issue. These are payments that you cannot delay a moment longer.

A typical example is a medical situation where you fall sick or suffer an injury. That scenario will leave you with a hefty medical bill that must be paid immediately. Ideally, you should have an emergency fund with enough money to solve most financial emergencies.

Still, emergencies are unpredictable and may cost more than what you’ve prepared. In that case, you’ll need a way to borrow money quickly to overcome your financial emergency. A title loan is one option you can consider.

hurt piggy bank in need of title loan

How Does A Title Loan Help In A Financial Emergency?

Title loans are loans that let you borrow money using your car title as collateral. That title must be ‘clear’ or ‘lien-free’, meaning you’re the full owner and are finished paying off the vehicle. This loan can get you up to $15,000 in emergency cash with just a few required items.

The amount you might get depends on your car’s value and condition. The combination of ease and speed makes title loans helpful during your financial emergency. A title loan can help you in a financial emergency by:

  • Saving your effort: You won’t have to gather many documents to get a loan. Instead, you’ll need your driver’s license and lien-free car title to start.
  • Saving you time: The process to get a loan is fast. You can complete the in-person stage in as little as 30 minutes.
  • Providing support: A loan representative will guide you throughout the process so you can continue with peace of mind.
  • Giving you a hefty sum: You can qualify for up to $15,000 when you come to one of our nearest Arizona store locations, enough to solve most financial emergencies.
  • Letting you keep your car: The car stays with you. You only need to provide it briefly for a quick physical inspection, but you can drive it home afterward.

Will Bad Credit Disqualify Me?

Having bad credit will not disqualify you from getting a title loan during a financial emergency when you come to Southwest Title Loans. That’s because having perfect credit is not a strict requirement we need for this type of loan. So, focus on providing your driver’s license and lien-free car title to find out if you can qualify for one of these loans.

That, plus the car for inspection, is what you need to start the process. While we might check your credit, that doesn’t mean a bad score will automatically disqualify you. Just remember that your title must be clear and in your name. If that’s not the case, you must visit your local DMV office first. Once there, have the title transferred to your name to proceed with getting a loan.

How Do I Get Started?

You can get started immediately using the online form when you are ready to begin the process. This information and the inspection later will help the representative assess your car’s value and determine how much you qualify to borrow and if you qualify for approval. The form requires basic information like your name, phone number, and ZIP code so a nearby representative can call you soon after submitting it. You must also provide a few basic details about your car like its:

  • Make.
  • Model.
  • Year of manufacture.

emergency fund and piggy bank help

Cover Your Financial Emergency Now!

You don’t have to wait any longer to cover your financial emergency when you have a title loan to help you out. As you can see throughout this article, you can use this loan to easily help you get through whatever financial emergency you may have and getting through the process isn’t difficult either! Once you’ve read this article and have decided you want to get this loan, just fill out the online form to begin the process.


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

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.

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