Auto Title Loans In Glendale - How They Work
Don't struggle with unpaid bills any longer! Car title loans are an effective option when other conventional lenders won't let you borrow more than a few hundred dollars. You can get cash in Glendale, AZ; 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, and you can get approved without a credit check. Best of all, you can borrow upwards of $15,000 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 the equity in your vehicle as security for a loan and your car's resale value determines the loan amount, interest rate and repayment term. Some title loan providers 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 the biggest drawback with a loan that doesn't require a credit check. While you may get approved for a bank loan with rates under 30%, a title loan or registration loan in Glendale will likely have internet rates over 50%, with some companies approaching 100% for low value vehicles and customers with no credit history.
Title Loan Requirements In Glendale, AZ
There are a few requirements to get a title loan in Glendale. In most cases, you can only qualify for a title loan with a lien free vehicle or one that's nearly paid off. There can't be any other loans or liens attached to the pink slip, and the vehicle must be titled in AZ. You must show proof of income that verifies you can afford the monthly payments. This verification can be done by checking account statements or proof of income. Companies may also request proof of vehicle registration and evidence that your car is insured for the total replacement value.
While a paid off title and proof of income are typically the main requirements for a title loan, you may have to bring in the vehicle for an inspection if you want to borrow more than $1,000. 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 occur in Arrowhead Ranch, Westgate, and Downtown Glendale, AZ.
Apply For An Online Title Loan In Glendale
When choosing a title loan lender, you want to 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 our network of lenders offers the best repayment terms at the most reasonable interest rates. 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 loan.
Start by applying online or call 623-526-5001, and we'll get you a quote for a title loan or registration loan. Our lending offers are based on the value of your vehicle, 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 in Glendale.
Online Title Loans In Glendale, AZ, With Poor Credit
While banks and unsecured lenders often require a credit score of 700 or higher, this isn't the case with no inspection vehicle title loans. 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 cash in hand just hours 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 as long as 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 you're facing a vehicle 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 in hard 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 and how much money you can borrow, 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!
