A 500 credit score will not stop you from getting an emergency loan, especially when working with Fast Auto Loans, Inc. Instead, you can enjoy access to emergency loans when you need them the most, like when you have urgent costs to cover.

Read this guide to discover how to get an emergency loan even with a 500 credit score. You’ll learn the options for getting fast cash that does not require high credit scores, such as title loans and registration loans.

Can You Get An Emergency Loan With Bad Credit?

Many people who need fast cash to handle a financial emergency, such as late bills, medical expenses, or auto or home repairs, may fear their low credit score may affect their ability to get approved. While banks and traditional financial institutions will require high credit for loan approval, other loan lenders can allow you to get approved with any credit type.

Rest assured that there are finance options that you can qualify for regardless of if your credit score is 500 or lower. Instead, the amount of money you can borrow will depend on other factors, like the collateral you can provide to secure those funds.

What Emergency Loans Can I Get With A 500 Credit Score?

Title loans and registration loans are two examples of emergency loans that you can get even with a 500 credit score or lower. Not only are these loans accessible to borrowers regardless of their credit, but they also offer fast processing times and quick payouts if approved.

In other words, these options might be helpful when you need emergency money but have little energy or time to waste. Loan lenders may do a soft credit check, but your credit score will not factor into your ability to get approved.

Here’s what you need to know about each of these loan options:

1. Title Loan

A title loan is a secured loan you can access even with bad credit if you own your car outright. This means you do not have to make any more payments on it, and you must have a lien-free car title registered in your name with no outstanding liens or judgments against it.

When you pursue this option, you could qualify for loan amounts between $300 and $15,000. The exact amount you might get will depend on your car’s value, which a representative will assess as part of the process.

Here’s what you need to qualify for a title loan:

• Minimum age: You must be at least 18 to qualify
• Identification: A driver’s license or another state-issued ID
• Lien-free car title: A lien-free or ‘clear’ car title registered in your name, free from any outstanding loans or judgments
• Vehicle for inspection: The car must also be available for a quick inspection.

As you can see, perfect credit is not a requirement for a title loan. Once you have these items ready, you can begin immediately. You can get approved for an Arizona car title loan with a 500 credit score as long as you meet the requirements.

2. Registration Loan

Another option is a registration loan. This is another type of secured loan that uses your car’s registration as collateral rather than its car title.

Unlike a title loan, you don’t need a lien-free title to qualify for this option. That means it’s a potential alternative if you don’t own your car but still need an emergency loan. A registration loan could help you get as much as $900 quickly.

Of course, you don’t need perfect credit to qualify. Instead, here’s what you’ll need:

• Minimum age: You must be at least 18 to qualify
• Identification: You’ll need an Arizona driver’s license or photo ID
• Registration: You’ll also need to provide your Arizona motor vehicle registration
• Social Security: A valid Social Security Number is also required
• Checking account: Lastly, you must have an active checking account in your name.

What Is The Process For Getting An Arizona Emergency Loan With A 500 Credit Score?

Suppose you’ve considered your options and decided to get one of the abovementioned loans. At Fast Auto Loans, Inc., we have a simple and easy process for you to follow to see if you can get approved for quick cash through a car title loan or car registration loan. Follow the steps below to put yourself in a position to receive emergency money today.

Here’s the process for seeking an emergency loan:

Step 1: Submit Your Information

You can start the process anytime by filling out and submitting the easy online form with your information. What information is required will depend on what emergency loan you want to get approved for.

Some of the basic information you must provide includes your full name, phone number, e-mail address, zip code, and the year, make, and model of your vehicle. After submitting this information, a loan representative at one of our Arizona locations near you will receive your form and call you to discuss the next steps.

Step 2: Speak To A Loan Associate Over The Phone

When our representative calls you, they’ll discuss every step of the process to help you continue with total peace of mind. During this call, they will verify your basic information. You can also ask any questions you have about Arizona title loans or registration loans to ensure this loan is right for you.

This phone consultation is also important because you will set up the location for the in-person meeting. Fast Auto Loans, Inc. does not require you to visit one of our Arizona store locations. We will meet you at a location convenient for you, such as your home, workplace, or office.

Step 3: Bring Your Required Items To The In-Person Meeting

After the phone consultation, gather your required items and head to the in-person meeting. A loan representative will meet you there to verify the required items mentioned above. Make sure you have the items necessary for the loan you’re seeking.

If you want a car title loan, the loan associate will inspect your vehicle to determine its value. They will consider the car’s year, make, model, and exterior and interior condition.

Step 4: Sign The Loan Documents And Receive Your Money

If you get approved for the loan, the representative will present loan documents for you to sign. This simple paperwork grants you access to your emergency money as long as you promise to repay the loan amount. After signing these documents, you can receive your fast cash the same day or the next business day to handle your urgent expenses.

Get A Loan With 500 Credit With Fast Auto Loans, Inc. Today

Don’t let your 500 credit score stop you from getting the emergency loan you need. As you’ve read in this article, you can still consider many options, such as car title and registration loans. Your credit score will not affect your approval, and you can receive fast cash regardless of your credit score.

Let Fast Auto Loans, Inc. help you get the money you need. Submit your information through the online form on this website, and one of our friendly representatives will call you back soon.

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