Car Title Loans In Prescott, Arizona
Getting cash quickly doesn’t have to be difficult. In fact, when you borrow using a car title loan, it can be exceptionally easy. All you need is a clear car title with no liens against it to get started, and you could have a loan in minutes that puts money in your account in a matter of a few hours.
This is because title loans don’t require a lengthy application process or background check. Instead, they allow you to use your vehicle’s title as collateral for the amount you borrow. Your lender hangs onto your title while you pay down your loan, and once the loan is paid in full the title comes right back to you. In the meantime, you still keep the car itself and you get a quick and easy loan.
It is worth noting that title loans are short term loans. They won’t function in the same way a long term loan does. Instead, with a title loan most borrowers generally get between a few hundred and a few thousand, and between one and a few months to pay everything off. The idea is to help you take care of immediate or unforeseen financial needs now while you make longer term plans for later.
Getting Your Car Ready
Even though your lender only needs the title to get you a loan, it helps keep everything running smooth to make sure that you have all your car’s paperwork up to date in advance. The Motor Vehicles Department can help you out there. Using their online services, you can:
- Get a copy of or replacement for your vehicle title
- Renew your car’s registration
- Renew your driver’s license
- Update your address
- Pay any outstanding fees you may have against your vehicle
If you need a service that cannot be completed online, or if you simply prefer to work with a representative in person, you can always visit their office at:
Understanding Title Loans In Arizona
When you get a Phoenix car title loan, you should make sure you know what you are getting well in advance of committing to your loan. That way, you know that you are working with a lender you can trust, and you know what is expected of you as a borrower.
Always start by checking to see if your lender is properly licensed in Arizona. Licensed lenders are generally easier to monitor than unlicensed, and are making a conscious effort to be compliant with state regulations. An unlicensed lender, on the other hand, could abuse your information or your borrowing rights.
You also want to check to make sure that you understand what is being detailed as a part of your loan. Take a look at a written loan agreement before you ever commit to a loan. It should detail all of your loan terms including how much the loan will be for, what interest rate will be charged, and when repayment is due. Any lender that is not willing to provide loan terms upfront should be reported immediately to the Consumer Financial Protection Bureau.
To get help finding a loan, or to get clarification on your rights as a borrower, you can always call our office. Prescott title loans are our business, and we can quickly and easily get you the loan you need from a trustworthy, reliable lender. All you have to do is give our team a call and we will match you with your perfect title loan. You don’t need to do any hard work, and you can still have your title cash quickly.