Unexpected expenses can appear at the worst times, a car repair, medical bill, or overdue utility payment. If you don’t have savings, an Arizona title loan can be a quick way to get cash using your vehicle’s title as collateral. At Fast Auto Loans, Inc., you can borrow $300 to $15,000 while keeping your car and staying on the road.

But not all lenders are the same. Choosing the right Arizona title loan company is important for getting fair terms and a process that works for your needs.

When to Consider an Arizona Car Title Loan

Title loans are best for urgent expenses you can’t delay, like fixing a broken water heater, paying rent to avoid eviction, or covering emergency travel costs.

They are not a good choice for non-essentials like vacations, luxury shopping, or dining out.

If you’re considering a title loan, ask yourself:

• Is this expense urgent and necessary?
• Can I realistically repay the loan on time?

If the answer is yes, an Arizona car title loan could help you avoid late fees, service shut-offs, or damage to your credit score.

6 Tips for Choosing an Arizona Title Loan Lender

If you determine that you need a car title loan to handle a financial emergency, the next step is determining what title loan lenders in Arizona can best help with your financial situation. You must do your research on Arizona title loan rules and regulations and title loan companies to determine which loan lender can provide the best service for your AZ car title loan.

The following are six tips to follow when looking for a title loan lender in Arizona:

1. Read Customer Reviews

The first step in choosing your Arizona title loan company is to consider the feedback they’re receiving from their customers. A reliable indicator of this is their Google My Business page. At Fast Auto Loans, Inc., we proudly display every review we receive, empowering you with the information you need to make an informed decision.

Be careful about what reviews you look at. Some companies can fake their reviews on testimonial pages or have people write positive reviews. The more detailed, longer reviews usually tend to be authentic. If you can, try to either find some who has worked with the Arizona title loan company you’ve been eyeing or to get in touch with a customer that has left a recent review to find out about more.

2. Understand All Loan Terms

When determining what title loan lender to borrow from, it’s crucial to understand what their title loan terms are. These are details that can affect how much you can receive, whether the loan has a high-interest rate, and how they expect repayment. Many of these details should be on their website, but other terms may require you to speak with a loan representative over the phone.

If a loan representative is reluctant to provide comprehensive details of the title loan agreement and pressures you to sign quickly, it's a red flag. A trustworthy Arizona title loan company will ensure you fully understand the terms before proceeding. Every licensed vendor needs to put every single cent they’re charging you in the agreement – no matter what service they’re charging you for.

At Fast Auto Loans, Inc., we take the time to go over every charge before you sign any papers, ensuring you feel confident and reassured in your financial decisions.

The following are some terms you should know before borrowing money from a title loan lender in Arizona:

• How much money can you borrow
• The interest rate of the loan
• Car title loan repayment schedule
• Late payment fees
• The process for vehicle repossession after defaulting on payments
• Pre-payment penalties

3. Ask About Credit Requirements

This typically isn’t a problem with most lenders, as you’ll likely find that your bad or nonexistent credit may not be a big factor in whether you are approved or not. Still, it never hurts to check to see if a credit score matters with whatever Arizona title loan company you are researching.

Here at Fast Auto Loans, Inc. for example, we are open to borrowers with all types of credit – including no credit at all. Most Arizona loan lenders will do a credit check to determine your creditworthiness and establish a value for your loan but will not deny your approval because of poor credit.

However, it’s always good to know beforehand. Research their website and determine what credit types they allow to borrow money.

4. Check Income Requirements

A big upside of getting a title loan over a traditional bank loan is that qualifying requirements for your income situation tend to be less complicated. Since you are using your Arizona vehicle title as collateral for the loan, your income should not have much of an effect on approval.

Remember that you may run into some title loan companies that require you to be employed and show proof of your stable income. If you cannot do that, you must choose an Arizona title loan company that does not require that. Search through an Arizona title loan company’s website to see if they have income requirements for their title loans.

At Fast Auto Loans, Inc., employment is not a requirement. Just remember that this is a loan, and like with any kind of loan, you must pay back the money. If you feel you can handle that regardless of unemployment or an unstable income, then you can seek to borrow emergency money. 

5. Review Qualification Criteria

Each Arizona title loan lender will likely have different requirements. While most will be similar, some title loan lenders will require different documents to approve you for your loan. Before selecting a loan lender, look for their title loan requirements on their website.

The more qualifying requirements a lender has, the more likely it is to have a complicated process for borrowers. At Fast Auto Loans, Inc., we have a simple process that only requires three items to get approved and use your emergency money for financial emergencies.

Here’s what you’ll need to have to qualify for a title loan at Fast Auto Loans, Inc.:

• A state-issued ID or driver’s license proving you’re over 18
• Your car for a quick inspection to determine how much you could qualify for
• Your lien-free car title in your name to act as collateral

6. Look for a Fast, Simple Process

You need to research how each company does its title loan process. If you need money fast, you don’t want to go with a loan lending company with a long and complicated process. You should not have to go through a complicated process that takes multiple days or weeks to receive your emergency money.

The process should be straightforward enough that you learn if you’ve been approved and for how much on the same day you apply. Research each local Arizona loan lending company’s process. It’s best if you find a title loan company that gives you the money you need on the same day or the next bank business day.

At Fast Auto Loans, Inc. in Arizona, we have made our process quick and convenient. You don’t even have to come to the store if you’d rather not; the loan representative will come to your home or office. Meeting the loan representative should last around 30 minutes and can end with you getting approved to receive your loan money the same day or the next business day.

Reputable Arizona Title Loan Companies

Now that you know what to look for in a title loan company, you should begin your process of researching them and deciding which is the best fit for you. Look at the websites and Google reviews for multiple Arizona title loan companies to decide who is reputable and who you can trust to borrow money from.

The following are some reputable title loan companies in Arizona you can look to for a car title loan:

• At Home Title Loans: This is a national brand that can connect you with a loan representative in Arizona. You can begin the process online, speak with a verification agent, and receive your money after signing loan documents.
• Auto Cash USA: This is another national brand with Arizona locations in Yuma, Flagstaff, Tucson, Phoenix, etc. They allow poor credit borrowers to receive money without an in-store visit.
• Title and Payday Loans: Arizona borrowers can turn to this company for a fast and easy process to receive emergency money using your car title as collateral. Borrowers can also seek a payday loan for smaller expenses.
• Southwest Title Loans: This trusted Arizona title loan lender is best for those who live close to one of its six locations: Tempe, Tolleson, Glendale, Scottsdale, Mesa, and Queen Creek.
• Fast Auto Loans, Inc.: We do not require good credit or income verification, allowing borrowers to receive their money and still keep their car while making repayments.

How to Get a Title Loan from Fast Auto Loans, Inc.

If you decide to work with us at Fast Auto Loans, Inc., it’s quite easy to get started. All you need to do is submit the online form on the website to send your information to the nearest title loan store location.

Soon after, a loan representative will call you to provide further information about the title loans, answer your questions, and set up a meeting with you. The meeting can occur at the store or another convenient location if you don’t wish to visit the store.

Take the required items – the state-issued ID or driver’s license, your car, and the car’s lien-free title in your name – to the meeting location. The loan representative will assess everything and determine how much you could get and if you qualify for approval.

If they decide to approve you, they will go over our loan terms and help you finish the paperwork. Once that is complete, you will get the cash on the next bank business day at the latest. It takes less than a day to get up to $15,000.

• Submit the online form to send your info to the nearest store.
• Get a call from a representative to review details and arrange a meeting.
• Bring your ID, lien-free title, and vehicle for inspection.
• Sign the agreement and receive your cash as soon as the same day.

FAQs About Arizona Title Loans

Can I get an Arizona title loan with bad credit?

Yes. Many Arizona title loan lenders, including Fast Auto Loans, Inc., work with borrowers who have bad credit or no credit history. Your vehicle’s title is used as collateral, so credit score is not the main approval factor.

How much can I borrow with an Arizona title loan?

Loan amounts vary based on your vehicle’s value and the lender’s policies. At Fast Auto Loans, Inc., you may qualify for up to $15,000.

How quickly can I get emergency funds with a title loan?

If approved, you may receive your emergency loan the same day or by the next business day.

Find The Right Arizona Title Loan Company For Emergency Money Today!

Doing your research is important when it comes to getting a title loan. When you face a financial emergency, you need to know you are getting emergency money from a title loan company you can trust. Search each Arizona loan company’s website for information on past customer experiences, loan terms, accepted credit types, requirements, and the title loan process.

Visit Fast Auto Loans, Inc. for a reliable Arizona title loan company. We will help you through our straightforward process and let you know if you qualify. Fill out the online form today and receive a call from one of our friendly representatives to guide you through the car title loan approval 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.