Title Loans Tempe, Arizona
Each year, thousands of people use their car’s title to secure loans in Tempe. These affordable and easy loans provide a way for people to handle life’s financial emergencies and recurring expenses.
If you need to pay for a summer vacation or get enough money to make this month’s rent, title loans in Tempe are your best bet. All you need is a clear title and regular income. With no credit or background checks involved, you can get the money you need fast.
Title Loans Tempe Explained
The concept of a title loan is easy to understand. Instead of using your credit to determine your financial worthiness, a title lender uses your car’s title to secure the loan. As long as you make the monthly payments according to the terms in the contract, you can keep your car for the duration of the loan.
Benefits of Title Loans in Tempe
- You retain your ownership rights while you are repaying the loan.
- The application process does not involve an extensive underwriting process.
- You can be approved for the loan and get your cash in a couple of days.
- Your credit history will not stand in your way of getting the title loan that you deserve.
- Title loans are affordable solutions when they are repaid in a timely manner.
- You can apply for a title loan within the privacy of your home with online lenders such as Platinum Lending.
Online Lending Process
Platinum Lending has helped thousands of people secure affordable title loans throughout the country. With our online title loans, our loan representatives will work with you to secure favorable terms for your loan. You can apply for a loan using our simple 3-step process.
- Complete the application. You will need to provide personal information such as your name, address and telephone number. Your application will also need to include information about your car such as the make, model, year and mileage.
- You will receive an instant free car title loan estimate based on the information that was entered on the online application portal.
- A title loan representative will contact you to complete the process.
Title Loans Laws in Arizona
It is legal for Arizona residents to get title loans for their cars. However, the Arizona title loan industry is heavily regulated. The good news is the legislators for the state of Arizona have placed a limit on the amount of interest that you can be charged. For example, if you secure a loan for $500 or less, you can only be charged 17 percent monthly interest. As the loan amounts increase, the percentage of interest that you can be charged decreases. In Arizona, title loans are one of the most affordable lending options for short-term loans.
Title Loans Best Practices
You may have heard a few unfavorable reports about title loans, but there are far more success stories. You can have a positive experience with title loans if you remember the following guidelines.
- Secure a loan for a monthly amount that you can afford.
- Communicate with the title lending company if you have problems.
- Follow the terms of the contract.
- Make a plan to repay the loan quickly.
Are you ready to apply for title loans in Tempe? Platinum Lending is your online title loan solution.