How To Get A Loan Without Your Car Title
April 9, 2021 | Daniel Dewitt
If you’re in financial trouble, you might’ve already looked into the possibility of getting a title loan. And why wouldn’t you? Title loans are accessible, easy, and fast. In other words – a perfect solution when you’re on a time limit and need to get cash together fast.
There’s just one tiny thing when it comes to title loans – you need to provide the title of the car in question. One that’s in your name and completely lien-free to boot. And usually, that’s not a problem for most people. But there are situations when the borrower may not be able to provide the car title, rendering them unable to apply for the title loan.
Luckily, in Arizona there is an alternative to title loans – you can apply for registration loans instead!
What Are Registration Loans?
Registration loans are short-term fast loans that are only available in Arizona. Like title loans, they’re a secured type of loan that uses your car as collateral. Only unlike title loans when you apply for registration loans in Arizona, you use your car registration as a guarantee instead.
Can You Apply For Registration Loans Arizona If Your Credit Is Bad?
Yes! Registration loans in Arizona are just as accessible as standard title loans – anyone can apply regardless of your credit score. Since qualifying requirements are pretty flexible aside from a couple of documents, the lender will do their best to accommodate your circumstances – so you could possibly get approved not only if your credit is bad, but even if it’s nonexistent altogether!
Will Registration Loans Arizona Influence My Credit History?
If you’re wary that applying for registration loans in Arizona will have a negative impact on your credit, you don’t need to be. The loan will stay entirely between you and Fast Auto Loans, Inc. and won’t get reported to any credit bureaus. This means registration loans in Arizona won’t have any kind of impact on your credit score – either positive or negative.
What Will I Need To Apply For Registration Loans Arizona?
As mentioned above qualifying requirements for registration loans in Arizona are pretty flexible so the lender will do their best to accommodate you – it’s in their interest to put money in your hands, after all.
However, there are a few qualifiers you can’t skip, which include:
- You need to be at least 18 years old;
- You need to be a car owner – and in possession of vehicle’s registration card;
- You need to be able to pay the loan off one way or another.
Let’s break down how to prove to the lender that you qualify.
1. Provide A Valid State-Issued Photo Id
Despite the lender’s flexibility this one they won’t be able to maneuver around even if they want to. You need to be of legal age – and able to prove it.
So before you apply, do make sure you have either a state-issued photo ID or a valid driver’s license that proves you’re at least 18 years old.
2. Provide Your Vehicle’s Registration Card
If you’re unable to find the Arizona registration card – contact your local DMV for assistance. Most states – Arizona among them – require you to fill out a simple registration form and pay a small fee, but the process is generally quite easy.
3. Provide Proof That You Can Pay Off The Loan
Generally, as long as you have some means to pay the registration loan off – the lender will accommodate you.
It’s the easiest when you can provide them with your most recent pay stub as proof of active income, but you can apply for registration loans while unemployed as well.
Apply For Registration Loans Arizona Now – Without Visiting The Store!
As long as you’ve got all the required items, you can apply for a registration loan without much hassle. Just go to the Fast Auto Loans Inc. website and submit the online form. The form will be processed within minutes and soon enough the loan representative will contact you with further information.
They’ll ensure you’ve got all the relevant information – but do ask questions if you have any – and set up an appointment with you.
Take the required items – your state-issued ID, your car, your registration card, your checking account number – to the appointment for the loan representative to assess. They’ll determine if you qualify for the loan and how much cash you should get.
If you’re approved – you’ll get the cash the same day. This entire process typically takes no more than 30-45 minutes.