Auto Title Loans In Glendale - How They Work
Car title loans are a practical way to get cash when other conventional lenders won't let you borrow more than a few hundred dollars. You can get a title loan in Glendale, and the underwriting process is easier than ever! All it takes is a vehicle worth $3,000 or more and proof of employment to qualify. A title loan uses your vehicle as collateral, so your credit history does not matter much when determining a loan amount and repayment terms. Best of all, you can borrow upwards of $20,000 with a title loan! Most customers will qualify for $1,000 to $3,000 using a lien-free car or truck, and it doesn't take long to process your application and get you funded.
Title loans use a lien free vehicle as security for a loan and your car's resale value determines the funding amount, interest rate, and repayment term. Some lenders in Glendale can offer these equity loans for up to 65% of your vehicle's resale amount, and you have up to 4 years to repay the loan. You may be wondering about the interest rates with these title loans, and the APR is often the biggest drawback for anyone applying for a title loan in Glendale. While you may get approved for a bank loan with rates under 30%, a title loan in Glendale will likely have internet rates over 50%, with some companies approaching 100% for low value vehicles or if you have no credit history.
Requirements For A Car Title Loan In Glendale, Arizona
A paid vehicle that's registered and titled in your name. You must show proof of a certified car title from the Arizona DMV and proof of registration.
Proof of vehicle insurance coverage. You need comprehensive insurance coverage on your car covering any damage or loss if the vehicle is stolen.
Proof of income. You don't need a full time job. You only have to show income from a job or government benefits.
While a paid off title and proof of income are the most important requirements for a title loan in Glendale, you may have to bring in the vehicle for an inspection if you want a loan of $1,000 or more. That's because your lender wants to check the car's condition and match it to the current resale value. Most inspections can be completed in 30 minutes or less and there are inspection locations in Arrowhead Ranch, Westgate, and Downtown Glendale.
Process To Get A Title Loan In Glendale With Desert Title Loans
When choosing a title loan lender, start with a company that knows what it takes to get approved, underwritten, and funded in less than one business day. Desert Title Loans has worked with customers in Glendale for nearly a decade, and local lenders offer the lowest APR and best repayment terms. There's no need to apply with a local company that can only get you one estimate for your vehicle's equity. With Desert Title Loans, we offer multiple funding options, and most applicants will have several ways to repay their loans.
Apply online or call 623-526-5001, and we'll get you a title loan quote using only your vehicle's information and desired loan amount. Our lending offers are based on the value of your car, and you should be able to borrow up to 65% of the current equity value.
Are you interested in learning more about refinancing an existing car title loan? If you took out a title loan from another lender in Glendale over the past 12 to 24 months, we may be able to reduce your interest rate. Some applicants who only apply with one lender are stuck with an APR of 70% or more with a title loan in AZ, which can be incredibly difficult to repay. Call us at 623-526-5001 for a quick quote to refinance your title loan. We'll tell you how much money you can save and how quickly your loan can be repaid with a title loan refinance or buyout!
Online Title Loans In Glendale, Arizona, With Poor Credit
While banks often require good credit for a personal loan, that's never the case with a no inspection title loan. Applicants with poor credit are ideal candidates for a car title loan because your loan is underwritten according to the equity in your vehicle, not your FICO score. So why apply for an unsecured personal loan that takes days to underwrite? Desert Title Loans can get you pre-approved for a title loan in AZ, regardless of your credit history, and most lenders in Arizona offer immediate funding after you've signed over the car's title.
Your credit may be checked initially, but we know that most applicants have a FICO score under 600, and really, there's no need to worry about getting rejected because you missed a few credit card payments over the past year. You should qualify for a bad credit title loan in Glendale if there's enough collateral from your vehicle. Your credit will only be a concern if you're bankrupt or facing repossession from another lender. Even when facing a repossession, we may help you get new terms with a bad credit title loan buyout where the first lienholder on your car's title is bought out. With this type of loan, you can avoid losing your vehicle, and some customers can see a quicker payoff time because of a lower monthly payment.
Apply Online With Desert Title Loans
Desert Title Loans is an excellent resource for quick approval car title loans in Glendale. We only work with licensed lenders in AZ, and assuming you meet the necessary vehicle requirements, it should take you less than one business day to get underwritten and funded! Do you need money in less than one business day? Some companies offer cash disbursement immediately after you're approved, and if you're willing to meet with them in person, you can get your money that same day.
There's no risk or obligation to see how much your vehicle is worth with Desert Title Loans, and some customers can qualify for $3,000 or more based on their vehicle's equity. Call us at 623-526-5001 or apply online today!
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