Quick short term loans are personal loans that are usually used for emergency expenses. Unlike long term loans like mortgages — or any bigger, planned purchases paid off over several years — short term loans are usually made on short notice and paid off within a short time frame. That’s why it can be challenging to find quick short term loans you can trust. You may only have a few days to raise money, and that doesn’t leave a lot of time to find a reputable lender or research on the process.

We can make your life a lot easier when you come to Fast Auto Loans, Inc. for the two types of loans we offer you. In fact, regardless of which loan you choose, we’ve made sure that the process is simple! In this article, you’ll find what you need to know about the two loans we offer you in Arizona, so you can compare options and immediately apply for whichever loan you think is best for you and your specific situation.

Learn About The Two Types Of Quick Short Term Loans

There are two general kinds of loans: unsecured loans which don’t require you to put up anything as collateral, or secured loans where you provide collateral to secure the loan. Secured loans are generally better for people with poor credit. Since you are providing collateral, your financial circumstances and credit history are not as important. That makes it easier to apply for a loan. You don’t have to provide proof of income, employment, or bank statements – just the collateral.

When it comes to us at Fast Auto Loans, Inc., we offer you two types of secured loans for you to choose from. You can either get car title loans and use your vehicle’s lien-free title as collateral, or you can get vehicle registration loans and use your vehicle’s registration as collateral. Keep reading to learn the major differences between these two loans and the process you will have to go through when you make a decision.

Car Title Loans

When it comes to car title loans, you use your vehicle title to secure your loan. During the loan, a lien or legal claim is temporarily placed on the title. You won’t be able to sell your car or use it to get another loan, but you can still drive it whenever you want – especially since we are not keeping your vehicle while you repay the loan. Among all the quick short term loans, car title loans have a high loan limit. You can borrow as much as $15,000 from us.

We determine how much you can get based on your vehicle’s condition and resale value. This means we will inspect your vehicle and look at things like the model, age, mileage, and over all condition. So if you are facing a very large expense, this may be a good option for you. To qualify for car title loans, the title must be in your name and be lien-free, i.e. no other person or organization has any legal claim or court judgment against it.

Because of this, you must already own the vehicle outright and have fully paid off any car loans. Otherwise, the bank still has a lien on the title. If your title meets those requirements, then you are already a good candidate for car title loans. To complete the process, you just need to show your driver’s license or your valid state-issued ID with your photo, your title, and your car for a vehicle inspection to find the loan amount that you can get.

Vehicle Registration Loans

If you are still paying off your car loan, you can get a registration loan instead. This is one of the more unique quick short term loans, and is only available in Arizona. You use your vehicle registration as security instead of your title. You can borrow up to $900, and can keep using your car while you’re paying off the loan. To apply for vehicle registration loans, you have to present an Arizona vehicle registration, a valid ID, and your social security number. You also need to have a personal active checking account.

How To Apply For Either Quick Short Term Loans

Fast Auto Loans, Inc. wants to make sure this is a convenient process for you no matter which loan you choose! We know that your time is valuable, this is why we do not make you wait, and we try to remove any possible cause of delay. For example, you don’t need to call a hotline or go to a store just to ask about quick short term loans or to start the process for either loans. Instead, that happens right on our website!

Just use the inquiry form on our website to request a call from one of our loan representatives. They will promptly reach out to you to personally walk you through the different loans. For car title loans, you can choose between setting an appointment at the store (we have locations all across Arizona) or asking the representative to meet up with you at your chosen place and time. You never have to deal with long lines!

Registration loans must be processed at the store, but rest assured that it will be a fast and simple trip! Plus, we will not have to inspect your vehicle before we can tell you if you qualify for approval. Do keep in mind that we will have to run a quick credit check instead. It takes us around 30 minutes to review your documents for either loan. You’ll be told right away if you’re approved, and how much you can borrow.

Personal customer service

Our loan representatives will personally assist you through every step of the loan process, so you will never be confused about the requirements or the next step. Though we have an online inquiry form, you’re not talking to a chatbot. And when you go to the branch, you will be greeted by a loan representative. And if your loan is approved, you get the money either that day or on the next business day. So if you need quick short term loans, then Fast Auto Loans, Inc. is here for you.

Choose The Loan You Want Right Now!

If you need quick money for emergency expenses, we here at Fast Auto Loans, inc. are here to help you out. Whether you want car title loans or vehicle registration loans, you can get the quick cash you need. So don’t hesitate anymore to choose the loan for you and begin the simple process. It will only take a few minutes to fill out the form. Inquire now and you’ll be on your way to getting your quick short term loans.

 

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