All You Need To Know To Qualify For A Registration Loan
If you are going through an emergency and need quick cash, you should know that people in Arizona can qualify for a registration loan. A registration loan is a secured loan where you use your vehicle registration as collateral. Why is that important for you to know? Well, even if you are still paying off your car, you can present the registration to borrow up to $900 with us at Fast Auto Loans, Inc. for emergency expenses. Here is more on what you should know to get a registration loan.
Need A Registration Loan? Qualify For One With These Tips
When it comes to finding out if you can qualify for a registration loan with us, there are certain things you should know. Following these tips on what you do and do not need can help you get through the process with ease. And the quicker you can get through the process, the quicker our registration loan representative at Fast Auto Loans, Inc. can tell you if you are approved. So, follow these tips to make sure you are prepared.
You Do Need To Show Your Vehicle Registration
The most important requirement to qualify for a registration loan is an Arizona motor vehicle registration that is under your name. Your registration is what we are using as collateral for this loan, so it is vital that you have it with you. The way this loan works is we will place a lien on your registration while you are repaying the loan. As soon as you are finished paying off the loan, we will remove the lien and your registration will go back to being lien-free.
You Do Need A Checking Account
You can’t find out if you qualify for a registration loan without having an active checking account in your name. This will allow us to look at your financial situation and make sure you are able to make your payments on time – if you are approved, of course. Likewise, we will also need to run a quick credit check to get a full look at your financial needs. These things allow us to determine if you qualify for approval and how much we can lend you.
You Do Need Your Driver’s License And Social Security Number
The last things you need to find out if you can qualify for a registration loan is your driver’s license and your social security number. We need to verify your identity and check your financial situation. This is why require you to show us your driver’s license and your social security number. If you happen to not have your driver’s license at the moment, you can use your state-issued photo ID instead. As long as you can prove you aren’t a minor and can show us your financials, we will work with you.
You Don’t Need To Have A Vehicle Inspection
If you’ve ever gotten a title loan, then you know that we have to inspect your vehicle before we can tell you if you qualify and how much we can lend you. However, when it comes to finding out if you qualify for a registration loan, you don’t have to do that. If you are approved, we will not have to check your vehicle to determine how much we can lend you. This is because we base your approval and how much we can lend you on your financial need and your credit.
You Don’t Have To Show Proof Of Income
The next thing you don’t have to worry about when you want to qualify for a registration loan is providing proof of income. Unlike banks that will ask for your income documents to verify your capacity to pay off a loan, we won’t. So even if you are currently unemployed, you can still qualify for this loan. But while we don’t ask you for proof of your income, you should make sure you have a secure way to stick to the repayment schedule.
You Don’t Have To Provide Employment History
Just like we here at Fast Auto Loans, Inc. don’t ask for proof of income with this loan, that is also the case when it comes to employment history. To find out if you qualify for a registration loan, you don’t have to explain where you work. Again, as long as you have a way to pay off the loan, it doesn’t really matter what kind of job you have, or even if you have non-employment sources of income like alimony.
Learn How To Get Through The Process
Once you know what you do and do not need to qualify for a registration loan, you can now begin the process. The first thing you need to do is fill out the online form on our website so a representative from the nearest Fast Auto Loans, Inc. location can call you. They will go through the required items with you and help you book an appointment to complete the process. Then just grab your items and head over to the store.
One of our registration loan representatives will assess your items and run your credit to determine if you qualify for approval. If you’re approved, the representative will go over the loan terms, help you finish the paperwork, and answer your questions. If you’re okay with the terms, you just have to sign a few forms and you’re good to go. You can get the money either on the same day or the next bank business day.
Find Out If You Qualify For A Registration Loan!
With these tips, you should know by now what you do and do not need to find out if you qualify for a registration loan. If you have emergency expenses that need your immediate attention, don’t handle it alone. Come to Fast Auto Loans, Inc. to find out if you can get a registration loan. Just fill out the form and start the process for getting emergency money. We will be happy to answer your questions and help you with the process.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.