Getting registration loans in Apache Junction, AZ isn’t always easy, but Fast Auto Loans, Inc. aims to make this process as painless as possible for its customers. A registration loan serves an important purpose for anybody who would like a title loan, but does not yet fully own their vehicle. Since this loan can be a good option if you need emergency cash but don’t qualify for a title loan, it is important you know what items we will need to see before we can give you any answers.

What Documents Do You Have To Show When You Apply For A Registration Loan?

If you’ve decided that a registration loan could be right for you, you’re probably wondering what sort of required items you’ll need. Some kinds of loans require stacks of documentation, multiple signatures, several forms of identification, and a whole pile more – but that’s not the case with our registration loans. We’ve kept things as simple as possible. Of course, you do still need some required items for registration loans, in order to keep everyone safe while undertaking this process.

When you come in for an appointment in the store, you’ll need to bring your social security number, your identification, a vehicle registration in your name, and proof that you have an open checking account. If you’ve got any questions about the items you need, it’s worth checking with one of our representatives before you head to the store. You don’t want to make the trip and then discover that some part of your paperwork isn’t valid, as this wastes your time, energy, and gas.

1. Driver’s License Or State-Issued Photo ID

The first item you’ll need to find out if you can qualify for a registration loan in Apache Junction, AZ is your ID. To be slightly more specific, the identification must be photo identification, so make sure you have something available. Usually we ask for a driver’s license, but if you can’t produce that for any reason, you can use a state-issued ID as long as it shows your age, name, and photo. This is so that we can verify that you are not a minor and that you are who you say you are.

2. Arizona Vehicle Registration

The next item you’ll need is your vehicle registration. Note too that the vehicle registration must be in Arizona. If your vehicle is not yet registered in Arizona, you will need to fix that before you come in. This registration is what we use as collateral to secure the money. Remember, it isn’t important if you are still paying off your vehicle when it comes to registration loans. We also won’t keep your vehicle while you repay the loan.

3. Valid Social Security Number

The third item you’ll need is a valid social security number. In order for us to determine if you qualify for this loan, we have to get a good sense of your financial situation. Having access to your social security number allows us to get a full view of your finances. This will then help us determine if you do or do not qualify for a registration loan in Apache Junction, AZ. Without this, we won’t be able to help you move through the process.

4. Proof Of Checking Account

The final item you will need to get a registration loan is an active checking account in your name. Like your social security number, this allows us to look at your financial situation and determine if you have a solid and secure way of paying back the loan. Remember, with a paycheck advance, you will pay it back by your next paycheck – which is usually in two weeks. This means that we need to make sure you have a legitimate way to do that on time.

Do You Need Good Credit To Get A Registration Loan?

Now that you know what you need for a registration loan in Apache Junction, AZ, you need to know about credit. It’s important to be aware that we will check your credit when you come in. Your credit will have an effect on whether you are approved for the loan, and how much money we can lend you. However, having poor credit won’t necessarily disqualify you automatically, so it’s worth applying even if your credit is poor.

Can You Get A Registration Loan Even If You Own Your Vehicle?

Registration loans are intended for people who do not yet fully own their vehicles, and are still paying them off. If you own your vehicle outright, you don’t need to apply for a registration loan, as you will have other options. A title loan would be a viable alternative if you want cash quickly but your vehicle is fully in your name. Title loans are similar to registration loans in some ways, but they can only be taken out on vehicles that have no existing liens against them.

You can’t get a title loan if your vehicle hasn’t been fully paid off yet, but as soon as it is, a title loan becomes an option. If you aren’t sure where you stand, you can get in touch with one of our loan representatives in the nearest store location. They will be able to offer you guidance on what loan options are available to you, so you can assess all the choices and decide how to move forward.

Apply For Your Registration Loan In Apache Junction, AZ Now!

If you’re ready to start your loan process, get in touch with Fast Auto Loans, Inc. today, and you’ll soon have everything underway. There are multiple benefits to getting a registration loan in Apache Junction, AZ, especially if you don’t fully own your vehicle. You can get in touch with us quickly and easily if you’re an Arizona resident. Use the form online or give us a call, and you’ll soon be getting the help you need.

 

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