Title Loans Douglas, Arizona
Getting a small loan may be necessary for some of us. However, time sensitive bills may affect our credit score when it comes to getting a traditional loan through banks. To solve this problem, get a title loan in Douglas, or neighboring Tucson. Getting a title loan is quick and easy, and you are guaranteed instant approval by our certified lenders. Because running your credit is not a necessary step, we are able to provide free service, and assistance the same day you visit our store! You can even choose to get a registration loan for a maximum of $1,500 in this state. To get the help you need, just apply with us!
Title Loans vs. Registration Loans
There are several differences between these two loans. The first is loan amount. When you get an Arizona title loan, you can get up to $25,000 because you are the undisputed owner of your vehicle. On the other hand, if you do not fully own your car and are still making payments on it, you can get a registration loan. There is a maximum cap at $1,500 for registration loans. Either way, the terms are the same, you are given 30 days to pay the loan back, and are allowed early payments! Either of these loans are not meant to fulfill long-term needs when it comes to your finance. These are more ideal to pay off some monthly bills you have due, or even for some personal means.
How to Get a Title Loan
To get a title loan, you must submit a form with us. You can do so by providing some basic information online or over the phone. The information you provide will involve your name, a phone number to contact you at, your vehicle make, year, model, mileage and style. You will then be contacted by our offices after you submit an application. The loan representative that contacts you will tell you if you are approved or not, the title loan quote you can be approved for, and the lender that can give you that amount in your area. They are also required to inform you of documents and items you have to bring with you to the lender. The items may vary depending on the policies of the lender you are matched up with. Some of these include:
- Photo ID such as a Driver’s License or State ID
- Proof of income like recent pay stubs or bank statements will suffice
- Proof of residence in forms of a utility bill or government mail
- Proof of full coverage insurance may only be applicable for some borrowers; it all depends on your loan and the lender
- Your vehicle must be present at the time that you get the loan. The state requires the lenders to keep a record of your vehicle description and condition. A quick inspection will also be utilized to determine if your loan needs to be adjusted. Internal or external damages to the car can affect your loan.
- Vehicle title
Your Title Loan Contract
You have 30 days to either pay off your title loan or registration loan, also known as the maturity date. If you pay off your loan before the maturity date, the lender cannot charge you any additional interest rates or fees. They will also remove the lien from your vehicle title or registration and mail you back the document.