Traditional banks can make the loan application process long and tedious, even for people who have everything together before they apply. That's because banks usually want lots of proof to make sure you're not a liability, then they have to underwrite the contract by passing it through several avenues of authority. Luckily, there's an alternative, and it’s called fast title loans.

A title loan application can help save you time by simplifying the borrowing process and making it easier to get the money you need. Best of all, even people with less than perfect credit can get approved for major money. So, how do you fill out an application for a title loan, and are there any tricks to help it go faster? Here's what you need to know.

What You Should Know about a Title Loan Application

What Is a Title Loan Application?

A title loan application is a request for quick cash using your vehicle's title as collateral. Contrary to popular belief, you don't have to give up possession of your car to get one of these loans. Instead, you can keep it for everyday travel as long as the contract remains in good standing. Plus, you'll get more info on the terms of the loan after you submit the request form.

This document is what title loan agents will use to determine your eligibility, so be sure to provide truthful answers to get an offer that meets your needs. Meanwhile, understand that you need to satisfy certain criteria to get approved, even if that means going to the DMV to straighten out your paperwork.

NOTE: You must be at least 18 years old to qualify for title loans in Arizona, and the vehicle title must be registered in your name as well.

What Information Is Required on a Title Loan Application?

Different lenders may need different information for the title loan application. With Fast Auto Loans, Inc., for instance, aside from the typical information like your name and phone number, verifying your ownership of the vehicle is also necessary. That involves checking the registration and matching it to the photo ID you provide. However, the application process is so swift that it's best to have those things ready ahead of time.

How to Fill out a Title Loan Application the Fastest

Filling out a title loan application is easy. You can go to the office in person or get the process started online by filling out an online request form. Just set aside a few minutes in your day to answer some simple questions, and the rest takes care of itself. Both options take about the same amount of time, and you can get paid within 24 hours or less either way.

Your title loan application starts with inquiries about your personal information: name, address, vehicle description, etc. Don't worry if you get confused. There's always time to direct the questions to the agent on charge of your case before signing the contract.

TIP: The application isn't the same thing as the contract. You're not obligated to take any money or repay a loan until you sign on the dotted line, and you'll know exactly when that happens, because you'll be given dates, times, and numbers.

How to Get Fast Title Loans Today

Start this process by filling out a short inquiry form on our website. You can also go straight to the store to begin with in-person assistance. Either way, you'll have to answer the standard questions to find out how much you qualify for. In some cases, applicants get as much as $15,000 by the end of the day.

Meanwhile, understand that this is a legitimate business. So, a Fast Auto Loans, Inc. representative will have to review your request form first before moving to the next step. Then, within minutes, they’ll call you back to discuss the details of your request and schedule a meeting with an agent.

Prepare the following items for your meeting with an agent in advance:

• The vehicle for a quick inspection. Try to clean it up a little bit before they get there.
• Your driver's license or a state-issued photo ID. It must be valid to qualify.
• The lien-free title of the vehicle. Remember, it has to be listed in your name.

The agent will inspect your vehicle to determine its condition and market value and offer an amount of a loan. If the amount meets your expectations, and the terms of agreement are satisfactory to you, sign a few documents and get your loan.

Bring along some basic banking information as well. Something like a blank check from an active account in your name or simple routing/account numbers should suffice. As always, ask your agent for specific information about direct deposits.

Get Your Application Process Started Today!

You can get a loan for your car title in the amount of up to $15,000 by the end of the day if you fill out an application for a title loan and get approved. Get started today by submitting a short intake form on our website!

 

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