Have you ever been in a tight spot financially? Maybe you can’t make it to your next pay day or your pet needed an emergency surgery. Many people come up short on funds at one point or another. If you find yourself in this situation, would you know what your options are? One option you should know about is a title loan. People all over Avondale swing by 1 Stop Title Loans for just these types of situations.
So, how do title loans work in Avondale? Let’s take a look at what it’s like applying for a title loan and receiving cash instantly when you’re low on funds.
What Is A Title Loan?
Title loans in Avondale will help you if you need cash quickly. This is simply a type of loan that uses the title of your vehicle that you own outright as collateral. That means your credit history is not taken into consideration. In addition, you can continue to drive your vehicle while you make the payments on the loan.
At 1 Stop Title Loans and Motor Vehicle Services in Avondale, loan consultants are on hand to work with to ensure this is the right loan for you. The terms of the payment plan will be discussed so you get into a comfortable plan that works for your budget. The ability for you to repay your loan is a top priority.
How Do I Apply For A Title Loan In Avondale?
Applying for a title loan is easy. The application process can begin online, over the phone, or in person. In order to complete the application, you will eventually need to come to the office in person to receive your cash.
There are a few things to keep in mind when you apply for a title loan. First, your credit score is not even checked. Second, you will need to provide a recent pay stub, 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 are welcome to 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 Do I Repay The Title Loan In Avondale?
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.
A great advantage to a title loan is that you can pay back the loan in full earlier than planned. There are no penalties in doing so. You can also make larger payments back each month if you so choose.
Once your loan is paid in full, 1 Stop Title Loans and Motor Vehicle Services will release the title to your vehicle.
How Does A Title Loan Differ From Other, More Traditional Loans?
The truth is, title loans have gotten a bad reputation over the years. Mainly, people have complained about the high-interest rates. It is true, title loans can have high interest. Keep in mind, however, that the process is quick and easy. Other loans require loads of paperwork, time, and near-perfect credit history. For some people, a title loan in Avondale might be their only option.
When you visit 1 Stop Title Loans and Motor Vehicle Services in Avondale, you will find that the interest rates are competitive among other title loan companies. It is understandable that not everyone is prepared for an emergency and a title loan might be just the ticket to sweet relief. It can happen to the best of us.
The Bottom Line
Title loans in Avondale are very simple and easy to apply for. You can get cash quickly, no matter how bad your credit is or why you need the money. A title loan allows you to relax and breathe a sigh of relief if you find yourself in a tight spot financially. The application process is quick, and our representatives will be sure that you are taken care of.