couple checking title loan eligibility

What Determines Eligibility For Car Title Loans In Cottonwood, AZ?

Car title loans in Cottonwood, AZ are a bit of a mystery to people who don’t understand how they work. You’ll need to have government-issued identification with your photo, your lien free car title, and your car itself for inspection. If you’ve got all three of these important items, then you’re all set to find out if you meet the eligibility requirements for getting one of our loans. Keep reading to learn more about what it takes to get a Cottonwood title loan.

Learn What Makes Someone Eligible For Car Title Loans

When it comes to us at Fast Auto Loans, Inc., a Cottonwood title loan requires you to use your car’s title as a form of collateral, essentially promising to repay the loan to protect your asset. As such, the standards of eligibility are pretty straightforward and easy for anyone to understand. First and foremost, you need to be over 18 to take out a loan with us – or with anyone in Arizona.

Those under 18 years old are not seen as adults in the eyes of the law and cannot be held responsible for any loan agreements they sign, with the notable exception being student loans, of course. As a result, lenders – whether you come see us or go anywhere else – cannot and should not work with minors. The other requirements include the following items that we will go into detail about:

  • Your identification.
  • Your lien free car title.
  • Your car itself.

checklist for Cottonwood title loans

Your Identification

First, you’ll need to make sure you have your identification with you to prove that you’re over 18 and thus legally able to take out a Cottonwood title loan. We also need to confirm your identity before issuing a loan. If you have your driver’s license with you, then you’re all set. Odds are that if you have a car that you’re using for this loan, you also have a driver’s license! If you don’t, then don’t worry. You can still use any other kind of ID that’s government issued and has your picture on it.

Your Lien Free Car Title

Next, you’ll want to ensure your car title is free of liens. A lien is a legal claim of ownership against your car’s title that defers ownership to the lienholder if the debtor does not pay. Dealerships, for example, often place a lien against the car to ensure that you will complete all of your car payments. Naturally, if there’s already a lien against your car, then there’s no point in putting a second one against it.

This is because you as the borrower wouldn’t be incentivized to pay off the second lien at all. Check your paper or electronic title for liens and work with your lienholder to clear them before you apply. You will immediately be ineligible for car title loans in Cottonwood, AZ if your car’s title has a lien against it. If you need to have it removed, you’ll have to go to the DMV before you come see us.

Your Car Itself

While we don’t keep your car while you repay the loan, the value of your Cottonwood title loan is determined by the value of the car itself. Naturally, you’d be more inclined to pay off a loan on a more valuable car, so we will usually entrust you with more money. The condition, model, make, and age of your car all play a role in its value as measured by a nationally recognized pricing scale.

Is Credit Important?

Credit plays a role in most types of loans, but it serves a lesser role in title loans. By offering collateral via your car title, you’re providing assurance aplenty that you’ll keep to the loan terms. Do keep in mind that this doesn’t mean your credit won’t play any role when it comes to car title loans in Cottonwood, AZ. It may still impact your approval, but it’s not in and of itself an eligibility requirement to have great credit, especially with regard to loans that are secured.

woman with title loan money

How Do I Begin The Process?

Now that you know exactly what you need for car title loans in Cottonwood, AZ, it’s time to discuss how you can begin the process. Fast Auto Loans, Inc. offers loans up to $15,000 that you can use for emergencies. First, you’ll fill out the online inquiry form on our website to get us your contact information quickly. If you’d prefer to just call us to begin, you can do that instead.

Once we have your form, wait for a loan representative from the nearest store location to ring you back to schedule a meeting for them to inspect your vehicle. Bring the above-mentioned items to the meeting for inspection, and your loan associate will review them. If you’re qualified and eligible to get the loan, you’ll get your money as soon as that same day or on the following business day.

Get The Cottonwood Title Loan You Need Today!

After reading this article, you should now know what it takes to find out if you are eligible for car title loans in Cottonwood, AZ. Interested in taking advantage of these loan opportunities to tackle your emergency expenses or late bills? The Cottonwood car title loans from Fast Auto Loans, Inc. can help you out! All you need to do is head online to our website and fill out the simple inquiry form to get started!


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

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.

Fast Auto Loans Inc

You will be on your way to our store in no time since the call only takes a few minutes. All you need is the following items:

  • Driver’s License or State Issued I.D.
  • Lien-Free Title to Your Vehicle
  • Your Vehicle for Inspection

We also welcome all credit, so fill out our online request form and get started now!

All you have to do to start the process right now is submit our online request form on this page and one of our friendly store associates will call you right back.

When you’re ready to get the emergency cash you need without all the hassles of a traditional loan, Fast Auto Loans, Inc. has you covered. It doesn't matter what has left you in need of cash, because with a car title pawn you could get up to $15,000 today.

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