Are you having a hard time making it to payday? When you hit a tight spot financially, it can be stressful and incredibly difficult to get ahead. You might have found yourself dealing with an emergency and you can’t seem to gather all the cash you need. There is help if you find yourself in this frustrating situation. People all over Avondale come to 1 Stop Title Loans when they are in similar shoes.
Now, you might be wondering how do title loans in Avondale work exactly? This question comes up all the time. Let’s take a look at what a title loan is, how you can apply for one and receive cash the very moment you are approved. You do not have to be low on funds any longer!
What Is A Title Loan In Phoenix
A title loan in Avondale is an opportunity to get cash instantly when you find yourself in a financial bind. It is simply a loan that uses the title of your vehicle as collateral. You must own your vehicle outright in order to apply for this type of loan.
The best part about a title loan is that you do not have to give up driving your car in order to take out this loan. You get to keep on driving your vehicle, so long as you are making payments on the title loan.
The loan consultants in a Phoenix location will work with you to make sure you are in a payment plan that is comfortable and works with your budget. We prefer everyone to keep their vehicle so we make sure to help you along the way should you have problems repaying your title loan.
How Do I Apply For A Title Loan In Phoenix?
Applying for a title loan with 1 Stop Title Loans and Motor Vehicle Services in Avondale is easy. You can begin online, by phone or in person. In the end, you will need to be present in person to finish the process and receive your funds.
There are a few things to keep in mind about applying for a 1 Stop Title Loan and Motor Vehicle Services. First, we do not check your credit. Do you have bad credit? That is not a problem. What we do need is a recent pay stub, a valid ID (you must be at least 18 years old), and proof of residence. You can literally walk out with the cash you need in 30 minutes!
Also, keep in mind that you must own your vehicle outright. If you are still making payments on your car, then you still have options. In this case, you can apply for an Arizona registration loan. With a registration loan, the amount you are able to get might be reduced compared to a title loan. However, there is still the ability to get cash on the same day.
How Does Repaying A Title Loan In Phoenix Work?
When you apply for a title loan, you will be given choices on how you would like to repay the loan. The amount you choose to repay each month should fit into your budget. If you start having problems repaying your title loan, you can ask to speak with our loan specialists for further options.
The best part is that there is no fee if you choose to pay back your loan in full, earlier than scheduled. This means there are zero penalties for paying off your loan early. You can also make larger payments each month than the minimum amount you originally agreed to. When you have made your final payment to 1 Stop Title Loans and Motor Vehicle Services, your title will be released back to your vehicle and you will be cleared.
How Does A Title Loan Differ From Other Loans?
It is no secret that title loans have received a bad reputation for having high-interest rates. The truth is, title loans do have high-interest rates, but the ability to be approved for this type of loan is quicker than any other loan. In addition, it is one of a few loans where your credit history is not taken into consideration.
You will find that the interest rates at 1 Stop Title Loans and Motor Vehicle Services in Phoenix are very competitive and manageable for your lifestyle. We understand that not everyone is prepared for an emergency or a paycheck that is smaller than anticipated. It happens to the best of us, but we can get you that cash in hand quickly.
Title loans are a very convenient way to get ahead should you find yourself in a financial bind. They are incredibly easy and simple to apply for with no credit history taken into account. A title loan in Phoenix allows you to relax and breathe a sigh of relief. The application process is quick, and our representatives will be sure that you are taken care of.