If your credit score isn’t ideal, applying for traditional personal loans can feel impossible. But online title loans, sometimes called online equity loans, offer a more flexible option. At Fast Auto Loans, Inc., you can borrow against the equity in your vehicle, and often get cash fast, even when your credit history is rough.

Here’s how these loans work, why they’re a helpful choice for bad-credit borrowers, and what you should know before applying.

What are Online Equity Loans?

Online equity loans allow you to use your car (or other vehicle) as collateral by tapping into its equity, meaning the portion you fully own. Unlike unsecured loans, the vehicle’s value helps secure the loan, which can make approval possible even if your credit score is low.

Here’s a simplified version of how it works:

1. You apply by submitting your car’s details.
2. A loan agent estimates your vehicle’s equity.
3. If approved, funds are sent to you, and you repay the loan over a short schedule.
4. Because the loan is secured, poor credit does not automatically disqualify you.

The Benefits Of Online Title Loans

Here’s why so many people choose online title loans in Arizona:

1. Widely Accessible: The most important advantage of an online equity loan is that it’s accessible to a wide range of borrowers. That’s because it does not require perfect credit to get one. Regardless of whether you have good or bad credit, you can proceed if you meet the loan’s short list of requirements.
2. Few Requirements: As mentioned above, an online equity loan only has a few requirements. That makes it quite different from other kinds of loans on the market that require many documents and processes to complete. Instead, having a short list of requirements means you won’t need much time to gather the necessary items to qualify.

   • You only need:

• • • A driver’s license or state-issued ID
    • Your vehicle for inspection
    • A lien-free car title in your name
  • No mountains of paperwork required.

3. Fast Processing: Fast processing times are another reason this loan can be helpful, especially in an emergency. For instance, the in-person part of the process can take as little as 30 minutes to complete. That means you won’t have to worry about disrupting your daily schedule too much to urgently get the money you need.
4. Friendly Support: Borrowing money can be overwhelming to many people, no matter how many times they’ve done it. You can expect plenty of friendly support from a helpful representative during the process. They’ll ensure you understand what’s required. Plus, you can ask them questions to continue with total peace of mind.
5. Fast And Easy To Start: Online equity loans suit individuals with bad credit because they’re fast and easy to start. The process begins when you submit your information through the easy online form. That form is available on this website 24/7. That means you can apply outside of regular business hours from the comfort of your mobile device! Soon after you do that, a representative will call you to discuss the loan and your financial needs.

Will Bad Credit Disqualify You?

No. Bad credit isn’t necessarily a barrier to getting an online equity loan. Because these loans are secured by your vehicle’s equity, we focus less on your credit score and more on the value of your car and whether you meet the simple loan requirements.

If improving your credit is also a goal, consider checking out our guide on how to fix your credit report for additional tips.

How Do You Get Started With An Online Title Loan?

Starting is easy. Just follow these steps:

• Submit your info through our online inquiry form.
• A representative will call to confirm your details.
• Bring your vehicle and documents to a meeting spot.
• Get approved and receive your cash, possibly the same day!

Remember to ask the representative questions at any point during the process. They’re there to help, so they’ll be more than happy to clarify anything unclear.

Begin The Online Title Loan Process Today!

Getting an online equity loan is quick and easy, even with bad credit! Contact Fast Auto Loans, Inc. through the easy online form, and a representative will call you soon. In the meantime, please understand your financial needs and prepare the required items. Doing that will help the process move as smoothly as possible!

Looking for a store near you? Visit our locations page to find one close by.

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