Those seeking a title loan in Arizona may be asking the question "what documents do I need for a title loan?" to be prepared. They want the loan process to go smoothly, which means getting prepared is important. The good thing is that the list of items you will need when you come see us at Fast Auto Loans, Inc. is short. So if you are ready to dive into the title loan process, keep reading this guide to learn what items we will need to see to determine if you qualify for approval.

What Items Are Required For A Title Loan?

Your Lien-Free Vehicle Title

The first thing we require is, of course, your vehicle title. This is what we are holding as security – or collateral – for the title loan. Holding your title allows you to keep your vehicle and continue to drive it during repayment. The title must always be clean, also called a clear or lien-free title to the vehicle. This means that there aren't any others laying claim to the vehicle and that you own it outright. This also means you have to be finished paying off your vehicle to be eligible for this loan.

Your Driver’s License Or State-Issued Photo ID

If you are asking the question “what documents do I need for a title loan?”, your driver’s license or state-issued photo ID are a part of that list. To get this loan from us, we have to be sure that you are at least 18 years of age or older. You see, a minor can’t legally obtain this kind of loan from us, so verifying your age is important. You can use your license, but if you don’t have it available to show us, just make sure the ID you use is issued by the state of Arizona and has your photo on it.

Your Vehicle For Inspection

The last item we need to see is your vehicle. We said in the beginning that we wouldn’t keep your car if you were approved for this loan. While that is still true, that doesn’t mean we don’t have to look at your car ever. You see, in order to determine how much we can lend to you, we base it on your car’s value and condition. This means we have to inspect your car prior to letting you know if you qualify for approval. It is a good idea to prepare your vehicle as best as you can before you come in.

The Process Starts Online

By now, you shouldn’t be asking the question “what documents do I need for a title loan?” because we’ve answered this plain and simply. Now you are ready to begin the process – which is easy and quick! It begins with filling out an online inquiry form that is right on our homepage. You should know that this is a basic form asking for information and isn't an application. The online form is then sent to a nearest Fast Auto Loans, Inc. location so a loan representative can contact you. 

The loan representative will talk to you about the items required for a title loan, answer any questions you have, and make an appointment for you to meet to submit an application and do the inspection of your vehicle. That can be done at a store of your choice, but also can be scheduled at an alternate location of your choice that may be more convenient for you. This means you never have to come to one of our stores if you’d rather not. 

Once you meet with the loan representative either at the store or somewhere else, they will verify your documents and perform a quick inspection of your vehicle to determine how much we can lend to you. The loan representative will tell you if you qualify for approval and the amount you qualify to borrow. If you are approved, you will learn the loan terms and go on to sign the paperwork. Once done, you will get the money either the same day or the following business day. 

Applying With Bad Credit

If you are asking the question “what documents do I need for a title loan?” and are going through this guide, you’ll see that we haven’t mentioned credit. That is because one of the advantages of applying for a title loan with us is that you can apply even if you have bad credit. While there is a chance we’ll need to check your credit – especially if you’ve been approved for a high amount – that doesn’t mean that you’ll get automatically disqualified if you have poor credit.

Begin The Process Today

If you are asking the question “what documents do I need for a title loan?” then this guide should let you know exactly what we require of you. You now know what you need to do to make sure you are prepared for our simple and quick title loan process. All that is left for you to do is just begin! Submit your inquiry form today to see if a car title loan from Fast Auto Loans, Inc. is something right for your situation. Fill out the online form today and we will be glad to help you out!

 

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