Can I Get Auto Title Loans Online With Bad Credit?
True or false: it’s hard to get approved for any loan if you have bad credit. The answer is…false! You can get auto title loans online regardless of your credit score. The loan process is actually pretty easy and convenient, and you can get the money on the same day your loan is approved. Learn about how to apply, what the minimum requirements are, how to apply online, and how long it takes to receive you cash!
Getting started is as simple as completing an online form, gathering a few requirements, and meeting with a loan representative to finish the process. In this article, you will find out more about what auto title loans online are and how they can be acquired.
The Basics of Auto Title Loans
Auto title loans are personal loans where you use your vehicle title as collateral. Collateral is like a form of security, or a pledge to pay off a loan.
You can still use the vehicle during the loan. The lender just places a lien on the vehicle title. This is basically a legal claim over that asset in case you default, but if you maintain the payment agreements then this never poses a problem. With this type of loan, you can get emergency cash and keep your car.
Is It Hard To Get Auto Title Loans?
Not at all, especially if you work with Fast Auto Loans, Inc. We offer auto title loans online in Arizona and use a simple request process that eliminates frustration, wait time, and delays.
Anyone Can Apply
Fast Auto Loans, Inc. does not discriminate based on credit score, employment, or income. You can apply for a loan even if you have bad credit or no credit history. You don’t need to present your employment records, bank statements, or pay stubs.
The only requirement for getting auto title loans online is that you are the registered owner of a vehicle with a lien-free title. That means you aren’t using it as collateral for any other loan, and it’s not involved in any kind of court judgment or dispute. In other words, it’s a “clear” title with no other legal claims on it.
Most banks will ask for tons of documents to prove your creditworthiness and financial standing, from employment records to income tax returns and bank account statements. Just gathering those documents can take a lot of time and effort—and you may still be denied.
However, auto title loans online have just three requirements:
- Any government-issued ID with a photo. Most people present a driver’s license or a passport, but you can also use other IDs, like a military ID or a non-driver’s license. If you do not have any of those IDs, ask our loan representative for acceptable alternatives.
- Lien-free vehicle title that is registered under your name. Under laws, only the recognized legal owner of a vehicle can use a title as collateral for a loan. If the title is registered under someone else’s name, then you have to go to the DMV to have it formally transferred to you.
- Your vehicle for inspection. This is conducted in order to determine the market value and the loan amount you qualify for.
How Do I Apply For Auto Title Loans Online?
It’s really easy. Just fill out the online inquiry form. Shortly after, one of our friendly loan representatives will call you to explain more about title loans and the requirements and answer any questions you may have.
When you’re ready, just go to the nearest branch to complete your loan request. We have branches all over Arizona, so you won’t have to travel far. If you’ve got a busy schedule, and your work hours don’t permit going to a branch, you can also ask the loan representative to meet you at a more convenient location.
Either way, be sure to remember to bring your vehicle title, vehicle, and your government-issued ID. The loan representative will need to verify the documents and inspect the vehicle. From there, you just need to sign a few more documents and you’re done.
How Long Does It Take To Get Auto Title Loans Online?
The phone call with the loan representative will only take a few minutes, and the in-branch process is usually completed within half an hour. Once the loan is approved, you receive the money the same day or the following business day.
How Much Can I Borrow From Auto Title Loans Online?
You can borrow between $300 to $15,000 based on your vehicle’s current market value, which is determined by its model, mileage, and overall condition. Fast Auto Loans, Inc. uses industry standards so you are guaranteed a fair evaluation.
Why Should I Go To Fast Auto Loans, Inc. For Auto Title Loans Online?
Fast Auto Loans, Inc. is a trusted lender that is registered to operate in the state of Arizona. We have provided loans to thousands of clients, and are known for our fast response, transparency, and professionalism.
Our online service is the perfect blend of convenience and personalization. You don’t have to deal with chatbots or wait for days for someone to reply to your email. Our loan representatives call you right away and help you through the online title loan process.
Our efficient process also minimizes delays and empowers you to get the money on the same day you apply. If you need emergency money ASAP, Fast Auto Loans, Inc. can help.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.