If you’re facing an emergency expense in Arizona, like medical bills or car repairs, and can’t qualify for a payday loan, a registration loan may be an ideal alternative. This guide will help you understand what registration loans are, how they work, and why they’re often a more flexible option than payday loans.

Learn Why A Registration Loan Can Be A Payday Loan Alternative

As many people will probably know, payday loans are loans taken out over a short period, allowing you to borrow small amounts of money to cover unexpected scenarios. They can be an option among bad credit borrowers who might find it challenging to gain approval from traditional financing through credit unions or banks. But this kind of loan is not available here in Arizona. This means you will need to find a payday loan alternative.

What is a Registration Loan?

A registration loan is a loan that uses your vehicle’s registration as collateral to secure the loan, giving you access to quick money when you need it most. When you come to Fast Auto Loans, Inc., you can qualify for anything up to $900. And unlike our title loans, you can still qualify for this loan even if you are still paying off your vehicle. Perhaps the best part is, if you qualify for approval, you can get the money you need on the same day or the next bank business day.

 

 

Why Choose a Registration Loan Over a Payday Loan?

You might be thinking that registration loans require more documents and come with hard-to-meet criteria. But that isn't the case when you come to Fast Auto Loans, Inc. for this type of loan. In fact, the easy requirements are another reason why it's a payday loan alternative when you need fast cash for emergency expenses. In fact, you only need the following things to learn if you qualify for approval for a registration loan from us:

• Your Arizona driver's license or state-issued photo ID.
• An Arizona motor vehicle registration in your name.
• Your Social Security number.
• An active checking account in your name.

Just make sure that your name matches all your documents so you can get through the process without issue. As we said, the primary difference of registration loans is that this loan uses your vehicle registration as collateral. And again, you don't need to own your vehicle outright to get a registration loan from us. Just know that we will have to run a quick credit check before we can tell you if you qualify for approval.

How to Apply for a Registration Loan in Tucson, AZ

Another benefit to using registration loans as a payday loan alternative is we make sure the process is simple and quick to get through. So, if you're one of those people that need quick cash for an emergency situation, understanding the steps you'll need to take to get one is worthwhile. That way, you can make sure you are well-prepared to get through the process and find out if you qualify for approval.

To apply for a registration loan through Fast Auto Loans, Inc., just follow these steps:

1. Fill in our online inquiry form found right on the homepage of our website. Quick note — please ensure you select registration loan when completing the online form because we also provide title loans.
2. Once we receive your request, we will give you a call as quickly as possible. We recommend having your phone nearby once you've submitted the form to ensure the process moves along smoothly and efficiently. During the conversation, we will tell you about the loan in more detail and answer any questions you may have about the process.
3. After that, you need to head to your local Fast Auto Loans, Inc. branch for the in-person portion of the process.
4. When you arrive, we will take a look at the documents (we listed them in an earlier section) to figure out whether you are eligible for a registration loan.
5. If you do gain approval for the loan, your hard work is done. All you need to do is finish the simple paperwork and get the money you qualify for either on the same day or the next bank business day.

 

Benefits of a Registration Loan in Tucson, AZ

Registration loans offer a fast, accessible way to handle emergency expenses. They provide:

• Quick Access to Cash: Same-day or next-day funding.
• No Need for Full Ownership: Unlike title loans, you can apply even if your vehicle isn’t fully paid off.
• A Viable Payday Loan Alternative: Registration loans are ideal for those who don’t qualify for payday loans in Arizona.

Get Started with a Registration Loan Today!

Registration loans can be a viable payday loan alternative if you have a vehicle registration in your name to use as collateral. This money can definitely help you out when you have emergency expenses you can’t handle alone. So, if you need to pay for a time-sensitive situation and have no other avenues to try to get quick cash, go to our website and fill out the online form to get started today!

 

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