Title Loans: An Option To Consider When All Other Options Fail
February 20, 2020 | Louis Tully
Whether it is debt you knew about or something completely unexpected, financial burdens can create a lot of stress. A Southwest title loan is an option to help you fix all of your money problems. A title loan is a loan using a vehicle title as collateral. These loans are designed to be a short-term cash flow solution and not designed as a long-term financial solution. When you have an expense, expected or not, and need cash fast, a Southwest title loan can be the perfect option for you.
Benefits of A Southwest Title Loan
You Get to Keep Driving Your Car
We know the thought of losing your car while having money issues is something of a nightmare. The best thing about title loans in Arizona, is being able to keep your car while you are paying off your loan. The loan is based off your car’s title, not your actual car. As long as the title is in your name and is clear of any loans or judgments, you are free to get a title loan.
You Can Pay Off Debts
When you are dealt with unexpected expenses, your loan can come in handy. If you or your loved ones end up in the hospital unexpectedly or a pipe burst in your home suddenly, those bills can be astronomical! With a car title loan from Arizona, you can rest assured you’ll be able to pay those bills in no time!
Any Vehicle You Own Is Eligible
A vehicle title loan doesn’t necessarily mean it has to be a car. At Southwest Title Loans, you have the opportunity to get a loan on any vehicle you own. Whether it be a car, a motorcycle, or a truck. So even if you don’t have a car, you can rest assured you are still eligible for a title loan. Just make sure the title for your vehicle is clear of judgments and you will be able to get your loan.
You Can Repair Your Credit
We all know how important it is to have good credit and how easily we can ruin it. Having bad credit can make us feel like we are drowning in debt and stuck in our poor financial situation. With a loan from Southwest Title Loans, you can finally fix your bad credit. The best part is, it doesn’t matter if you have bad credit or no credit at all—you are still eligible! We all know how bad credit emerges. You have bills and payments that you just cannot make, so the debt starts to rack up. With your title loan, you can finally pay those bills and take the steps you need to get your credit back into shape.
Refinancing Your Loan Is an Option
The best part about your car loan is the ability to refinance it once your financial situation has improved. What does that even mean though? To put it simply, that means you make bigger payments to your loan or even take out another loan to pay for the car title loan you have. Why would you want to do this? Well, the quicker you pay off your loan, the quicker you can get rid of that payment.
You would only refinance your car title loan during certain circumstances. Maybe your financial situation is in better standing and getting your loan taken care of quicker is now possible. Maybe your interest rates have improved even though your financial situation hasn’t improved. Lower interest rates mean paying less in the long term, which can save you hundreds of dollars. Maybe you’ve been really great at keeping on track and your credit score has improved. Since you are at this better place with your credit score, you could find yourself in a position to get better terms for your loan. Or maybe your finances are worse and you need lower monthly payments. Whatever the situation, refinancing your loan is an option to consider.
Everything You Need to Know
Before you can begin the process of getting your SW vehicle title loan in Arizona, there are some things you need to know. In order to even begin the application, you must have a valid driver’s license and the vehicle has to be in your name. If the vehicle isn’t in your name, head on down to your local DMV and make sure they put your name on the title. Your title also has to be clear of any existing loans or judgments, and must be registered in the state of Arizona.
You must also bring proof of income and residency when you show up to one of our locations to complete the process. Southwest must be able to prove that you’ve been a resident of Arizona for at least two years and that you have the financial means to pay back the loan. The amount of your loan depends on the value of your vehicle. When you begin your application, you’ll see that the process includes an inspection of your vehicle. That is so the loan representative knows what amount you can receive from your loan. The maximum amount you can receive is $15,000. And in these times where it feels like none of our information is private online anymore, SW Title Loans is different. Your personal information is kept completely confidential so you can have peace of mind.
Get The Southwest Title Loan Process Started Today!
Now that you’ve seen all the benefits and know everything you need to know about title loans, you are ready to begin the process. The process is simple and quick. In about 30 minutes, you could walk out of Southwest Title Loans with your cash! All you need to do is fill out the online form and a loan representative will call you right back. Then just drive to your preferred Southwest Title Loans location! Again, make sure to bring your driver’s license, your vehicle title, your proof of income, your proof of residency, and your vehicle.