What Is A Registration Loan?
March 8, 2022 | Daniel Dewitt
If you are looking for short-term financial help, one option you can consider is a registration loan. What is a registration loan? Well, to put it quickly, this is a short-term loan that is designed to help you with emergency expenses. But before you decide to get this loan, you need to know what it is. Here are the details you need about registration loans.
Learn More About What A Registration Loan Is
Again, an Arizona car registration loan from us at Fast Auto Loans, Inc. is a type of short-term loan that uses your car’s registration as collateral. While similar to our title loans, you can still use a registration loan even if you do not own your vehicle outright.
Registration loans are similar in concept to title loans, but there are some major differences. One of these major differences is that when you apply for a registration loan, you do not have to have your vehicle get inspected. Instead, we base your approval on your income and your credit. This does mean that we will have to run your credit when you come in.
And as we mentioned, when you apply for registration loans, you do not have to own your vehicle outright. This is an enormous benefit for anybody who needs a short-term emergency cash loan but is struggling to find one because they are still paying off their car or the title isn’t in their name.
You Can Get Registration Loans at Fast Auto Loans, Inc.
There are a lot of reasons why you might be wondering, "what is a registration loan?". One of the scariest things in life is that emergencies are unavoidable. It does not matter how financially secure you think you are, you never know when you will be hit with an unexpected emergency expense.
Sometimes this can merely be an inconvenience, but sometimes it is much worse. Sometimes you do not have the money to cover this emergency expense. Sometimes it is something that can threaten to throw your finances off the right path if you do not find a way to pay for the emergency expense.
As stressful as it may seem right now, it does not have to be. This is one of the reasons why registration loans exist. You never know what these emergency expenses that you must face are. Whether you find yourself going to the emergency room or you have to pay for expensive medication, this loan can help.
It can also help if you are suddenly faced with an emergency repair to your home or your vehicle after an accident or a storm. Or maybe you even find that you didn’t budget properly and are now short on money for your utility bills, rent or mortgage payments, or even necessary expenses like food.
The point is, it does not matter who you are or how financially secure you think you are. At some point in your life, you will have to deal with an emergency expense that messes with your financial stability. When this happens, keep Fast Auto Loans, Inc. and our registration loan as an option.
How Do Registration Loans Work?
To understand what a registration loan is, you also must understand how registration loans work. You can get started by contacting your nearest fast registration loan store location directly. You can also fill out the easy online inquiry form. This collects your basic information and sends it to your nearest store location.
After you do this, you will quickly receive a call from a loan representative at Fast Auto Loans, Inc. to continue the process. They will confirm your information, answer any questions that you have, and help you set up an appointment. They will also make sure that you have all the required items. To get a registration loan, there are just a few things that you need.
- You need to have an active checking account that is open in your name.
- You need to have the registration to your car or vehicle.
- You need to have your driver’s license or a government-issued photo ID.
- You need to have a valid social security number.
When you arrive for your appointment, your loan representative will evaluate you and run your credit to determine how much cash you qualify for. If you are approved, we will go over the loan terms and have you fill out the paperwork. Once done, you can get the money you need either the same day or the next bank business day.
Get Your Car Registration Loan Today
Wondering what is a registration loan does not have to be confusing for you. With these tips, you can understand this loan and start the simple process. Let this loan help you get your emergency expenses handled. Fill out the online form on our website or give us a call to begin.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.