Have you ever had life just throw a wrench in your plans? You end up short on funds or not able to make it to payday. This happens to the best of us. Before you lose all hope, you should know that you can indeed make it to payday with the help of a loan. Many people who are in this situation are choosing a registration loan or a title loan. However, you might be wondering what these loans are and which one is best for you and your situation.
What Is A Registration Loan In Glendale, Az?
A registration loan in Glendale is a type of loan that uses the registration on your vehicle as collateral for the loan. A registration loan is for people who are still making payments on the car loan. You pay back this loan with the terms you agree to with your lender.
The good news is that if you get a registration loan through 1 Stop Title Loans and Motor Vehicle Services, you get to keep on driving your car while you make the payments on your loan. There is no need to ride your bike or take an Uber during this time.
Another great feature of a registration loan is that you can pay off the balance of your loan early without any penalty or fees. What gets a lot of people excited about a registration loan in Glendale is that your credit history is not taken into consideration. It does not matter if you have bad credit or no credit, you can still apply for a registration loan.
Do I Need A Registration Loan In Glendale, Az?
If you can’t quite make it to payday and you are still making payments on your vehicle, then a registration loan might be what you need. You can begin the application process online, via phone, or in-person at our Glendale location or one of several other locations.
In order to be prepared to apply for a registration loan in Glendale, you will need a few things handy. The following is what you need to have when you apply for a registration loan at 1 Stop Title Loans and Motor Vehicle Services in Glendale:
Current Arizona Registration
A recent bank statement
Account number and a debit card
Proof of income (pay stub, pension statement, etc.)
Proof of residence (i.e. utility bill)
Bring your car
Have a valid ID and be 18 years or older
What Is A Title Loan In Glendale, Az?
You have another option for a loan in Glendale if a registration loan does not suit you. If you happen to own your vehicle outright, you can apply for a title loan in Glendale. The difference is that with a title loan, you own your vehicle outright. The vehicle is then used as collateral for the loan. With a title loan, you are often able to take out a larger loan amount than with a registration loan.
A title loan is similar to a registration loan in that you do not need to have great credit, and you can pay off your loan early without penalty. Also, you can keep on driving your car as you make payments.
Do I Need A Title Loan In Glendale, Az?
If you find yourself short on cash or in need of emergency funds and you own your car outright, then a title loan might be what you need. As with a registration loan, you can begin the application process online, via phone, or in person.
What do you need in order to apply for a title loan at 1 Stop Title Loans and Motor Vehicle Services in Glendale? The following is what you need to have when you apply for a title loan at 1 Stop Title Loans:
A vehicle you own outright.
A clear Arizona title that is in your name.
Proof of residence (utility bill, phone bill, lease papers, etc.)
Proof of income (check stub, pension statement, etc.)
Valid ID (must be 18 years or older to qualify)
Keep in mind, the interest rates for either a registration loan or a title loan in Glendale will be higher than a traditional personal loan. The good news is that you can pay off your loan earlier than your anticipated end date without penalty. Your chance of approval is very high with a registration loan or a title loan from 1 Stop Title Loans.
The truth is, nobody knows when life will throw a wrench in your plans. Taking a hit financially can be very stressful and it can leave you feeling hopeless. Getting a loan in Glendale Arizona with bad credit is not impossible. The good news is that you can get help with your finances by visiting a 1 Stop Title Loans and Motor Vehicle Services at either our 51st Avenue and Cactus Road location or our location at 43rd and Bell Road. We’re here to help you weather the storm.