Emergencies have a way of cropping up at the worst time. You could have just lost your job and suffered a car accident, making it difficult to afford rent, pay for auto repairs, and afford medical bills. If you’re in a similar situation, you need money fast.

At Fast Auto Loans, Inc., we offer exactly that – a way to get access to fast cash with the help of a car title loan or a registration loan. Depending on the borrowing option you decide to go for, you might qualify for up to $15,000 in as little as 30 minutes. The best part is that you’ll only need a few items to get started!

What Are The Fastest Ways To Get Extra Cash?

If you’re seeking a quick way to obtain a financial boost during an emergency, you might consider taking out an emergency loan. When working with Fast Auto Loans, Inc., you can get approved for urgent funds on the same day you apply to cover unforeseen expenses. We offer two types of loans: title loans and registration loans.

Learn more about these emergency loans below:

1. Title Loans

A title loan is a secured loan that uses your vehicle’s title as collateral, allowing you to borrow up to $15,000. This loan requires you to have fully paid off your vehicle before getting approved. You must have a lien-free vehicle title, free from any outstanding debts, judgments, or liens. You also must own a car, truck, or van; motorcycles, trailers, boats, and other similar vehicles do not qualify.

Here’s how it works: you bring in your vehicle title along with your car. We inspect your vehicle to determine its value and how much you can borrow. Then, we place a lien on your vehicle title, and you receive cash. Once your loan is paid off, usually within 30 days, we remove the lien. During the repayment period, you get to keep your car.

Approval is easy thanks to our simple title loan required items, including:

• A driver’s license or state-issued ID that verifies your identity and age
• A lien-free vehicle title in your name
• Your vehicle for a quick inspection

2. Registration Loans

While title loans can help you borrow thousands in emergency cash, not everyone has fully paid off their car. If you haven’t but still need quick funds, registration loans can help. These are emergency loans available to car owners who are still paying off their car.

They use your vehicle’s registration as collateral to borrow up to $900. Think of it more as an installment loan for smaller emergencies. Your ability to borrow depends more on your financial situation and ability to repay the loan.

Here are the required items you need for an Arizona registration loan:

• A state-issued photo ID that displays your name and age
• A valid Arizona motor vehicle registration in your name
• An active checking account in your name
• A Social Security number

Which Emergency Loan Should You Choose?

Before deciding which loan is right for you, consider the requirements. Do you have everything you need? Have you fully paid off your car? Can you qualify for both loan types?

If you can, the choice will likely come down to how much you need to borrow.

If you have a more expensive emergency, such as medical bills, auto repairs, or home renovations, a title loan can let you borrow more money. However, a registration loan could work better for smaller emergencies you only need a couple of hundred dollars for, like late rent or unexpected travel costs.

Can You Get Emergency Loans For A 500 Credit Score?

A credit score of 500 is considered low. The fair range begins at 580, which means that individuals with even lower scores may face particular challenges when trying to qualify for a loan. A 500 credit score usually indicates past financial struggles.

Although we believe this number should not prevent anyone from obtaining emergency cash when urgently needed, qualifying for a registration loan with such a score might still be difficult. We will conduct a soft credit check to determine your financial status, so a low credit score may reduce the amount you can borrow.

Those looking for emergency loans for a 500 credit score are better off opting for title loans. The value and condition of your vehicle are the primary factors that lenders will consider. Even if your credit score is bad or non-existent, you might still be able to qualify for a relatively large amount.

Getting Approved For Emergency Loans: A Step-By-Step Guide

No matter what option you decide to go for, the main steps of the process will be pretty much the same. Getting both title loans and registration loans only requires a few easy steps. In fact, you can get approved the same day you apply, and, in some cases, receive loan approval within 30 minutes.

Here is the approval process for Arizona emergency loans:

1. First things first, complete the online inquiry form on this website, and it will be sent over to the nearest store location. You will need to provide your full name, zip code, email address, phone number, and vehicle details.
2. After you fill out the form, a loan representative will soon give you a call. The professional will quickly walk you through all the details and the list of the required items, but if you have any questions, the expert would be happy to answer them. During the call, you’ll also have the opportunity to schedule a meeting with the representative at one of our Arizona store locations.
3. Arrive at the location at the scheduled time with the necessary items. There, a professional will examine your documents and conduct a fast car inspection, in case you’ve decided to take out a title loan. The lender representative will usually need only about half an hour to determine whether you qualify or not, and for how much.
4. If you get approved, you will be asked to sign the loan agreement. You may receive the loan amount on the same day or the next business day.

With Fast Auto Loans, Inc., you can receive your emergency cash in less than one business day. This allows you to resolve your financial emergency as quickly as possible to avoid service disruptions, late fees, lowered credit, and other downsides. Apply online today with our simple inquiry form to get started!

Get Some Extra Cash With Title Loans Or Registration Loans

Taking out a car title loan or a registration loan with Fast Auto Loans Inc can be extremely simple if you have prepared all the required items beforehand. You might qualify even if your credit score is far less than perfect, and you won’t need to show us any proof of income to get approved. Get same-day approval for emergency financing to handle your urgent costs today.

Begin the process today on this website in just a few minutes. Fill out our online inquiry form, and we will call you soon after to explain how to get approved at one of our stores in less than 30 minutes. Apply for a title loan and registration loan online today!

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