How Registration Loans Work

If you need help handling your emergency expenses but don’t have your vehicle paid off completely, you may think you are out of options. But the truth is you aren’t! You can get a registration loan from Fast Auto Loans, Inc. to help you out!

But do you know how a registration loan works? Well if you don’t, we are here to help! We here at Fast Auto Loans, Inc. make things easy for our customers to fully understand our Arizona car registration loans. So, if you are wondering how this loan helps you, keep reading this helpful page right now.

What Is A Registration Loan?

When it comes to how a registration loan works, it is easy to understand. But before we explain that, you need to know what this loan is in the first place. A registration loan is a secured loan that uses your vehicle’s registration as collateral to secure a lump sum of cash. While it may seem similar to our title loan, there is quite a difference.

Instead of using your vehicle’s lien-free title as collateral and getting a vehicle inspection, we are using your registration as collateral instead and we don’t have to inspect your vehicle. This means you don’t have to worry about having your vehicle paid off before you get here or worry about what condition your vehicle is currently in.

Can You Get A Registration Loan With The Registration?

As we said, when it comes to Arizona car registration loans, you can get one just by using your vehicle’s registration as collateral! All you have to do is make sure the registration is in your name and from Arizona. If those two things check out, you can use it to see if you qualify for registration loans.

Getting through our Arizona registration loans process is simple as well! Plus, we have locations all throughout Arizona, so you are bound to live by one to quickly give us a visit. And when you do arrive, our friendly and knowledgeable loan representatives will do their best to make sure to get you through the process as quickly as we can.

How Does A Registration Loan Work?

By now, you are probably still wondering how do registration loans work. And to be completely transparent, it is simple to understand. We’ve made the process quick and easy to understand because we want you to be able to find out if you qualify as soon as possible.

We also want to make sure you are as prepared as possible to get your registration loan. This means you need to know the process so you aren’t taken by surprise. So, if you are ready to begin the process for a registration loan in Fast Auto Loans, Inc., follow these steps completely:

Step 1: Gather The Required Items

The first thing you need to do is gather the required items. Getting these items ready before you begin the Arizona registration loans process will ensure that you have everything you need for when we meet in the store. The good thing is you only need four items to find out if you qualify for approval. The four items are:

• Your Arizona driver’s license or government-issued photo ID.
• An Arizona vehicle registration in your name.
• Your valid social security number.
• An active checking account in your name.

Step 2: Fill Out The Online Form

Once you have the items, go to our website and fill out the online form to begin the process. This form will send your basic information to our nearest store so we can give you a call and help you begin the process.

Step 3: Talk To The Representative On The Phone

Once we receive your form, we will give you a call to help things get started. We will go over the required items to make sure you have the right things and answer any questions you may have. If you need to get some questions ready, you can check out our FAQ page for ideas!

Step 4: Meet With The Representative For The Meeting

While we are on the phone, we will also set up a meeting for you to come to the nearest store with your items. Once you arrive, one of our loan representatives will sit down with you to assess your items. They will also run a quick credit check before they tell you if you are approved.

Step 5: Find Out If You Qualify For Approval

After the assessment and credit check, the representative will let you know if you qualify for approval and how much we can lend you. If you do qualify, they will then go over our loan terms and help you finish the remaining paperwork. This is also where you can ask any remaining questions you may have. Once done, you can get the money either later that day or the next bank business day.

What Role Does Credit Play?

When it comes to your credit, you’re probably wondering what role it plays when getting a registration loan. You should know that we will need to do a quick credit check before we can determine if you qualify for approval. While this isn’t an item you need to bring in, it is a part of our list of requirements.

You see, we have to get a full picture of your financial situation, so this means we need to see your credit as well. Now, that doesn’t automatically mean you’ll be disqualified if you have poor credit, we just want you to know that we will check your credit before we can determine anything.

Get Your Registration Loan Today!

Now that you know how it works to get a registration loan, all that’s left to do is begin the process! So don’t wait any longer, fill out the online form on our website and get started on our simple process today!