Title Loan FAQ’s

General Title Loan Questions

A title loan is helpful because it is a short or long-term loan in which your car title will be used as collateral. You must completely own said vehicle before you apply for a title loan. Meaning the title must be owned by you and your name must be on it. In essence, if you do not pay your loan back, you will no longer own your car.

There is a multitude of locations in the Phoenix Metropolitan area of Arizona, both physical and online applications that will offer you a loan depending on your credit. But one of the most important questions you should ask yourself is, “What type of loan is best for me?” This question is answered easily by considering how much money you need at this moment, how much time do you require to pay it off, and how important is the need for the money. Once you have established that, it is now time to start considering who you want to acquire this loan from as there are many title loan institutions that would offer a title loan. 1-Stop Title Loans and Motor Vehicle Services can help you with is and can have cash in your hand today! Find the (closest 1-stop location) to you.

The way a title loan works are simple but you must own the vehicle to obtain one. You offer your car title as collateral and in exchange, you can get cash today. While you are making your scheduled payments, you keep driving your vehicle. Once the loan has been satisfied, the title will be returned to you. While it is easy to obtain a title loan, there is a risk of having your car repossessed if you do not make your scheduled payments

Absolutely! You can apply for a registration loan or a title loan in which you use your car as collateral for the loan. With a registration loan, you are to still make payments on your car while using it as collateral, but with a title loan, you must completely own the vehicle.

The cost will depend on how much you borrow and the length of the loan (a.k.a. loan term). Monthly rates, which must conform to Arizona State Statutes can range from 10% on loans over $5,000, and up to 17% on loans of $500 or less. No matter how much you borrow, or the original loan term, you can always pay off your loan sooner than anticipated without a penalty or hidden fee. This allows you to repay the loan faster if you have the ability to without the penalty like most loaners give.

Yes! It’s actually very easy to get a loan through us even if you do not own a bank account. This would be more of a non-traditional style of loan, which isn’t too common nowadays. To ensure you are aware of your options and how this loan would be processed please contact one of our title loan locations and speak with a Team Member for details.

Title Loan rates, like the rates of many other short-term loans, are higher than other financial products such as a mortgage or a new car loan. However, unlike a typical mortgage or new car loan, you will not be charged a higher interest rate or denied altogether due to your poor credit history. Giving everyone a chance to get a loan in case of emergency.

Yes. While income is required, that income could come from a variety of sources like employment, a pension, or social security. You would need to provide proof of this income, via stubs, checks, mail, statements, etc.

In compliance with Arizona Revised Statutes, 1-Stop Title Loans and Motor Vehicle Services also offers loans to consumers who are still making payments on their vehicles. These are referred to as registration loans. The loans are very similar, however, the amount you are able to borrow may be significantly reduced.

Yes, all of our locations are open Saturday ready to provide you with the cash you need. However, we are 100% closed on Sundays, so we cannot assist you via our locations, however, you can still apply online. Click HERE for store locations and hours.

Title loans come with a higher interest than some other financial products (credit cards, for example) so they should not be taken out on a regular basis and should be paid back as soon as possible. There is also a risk of losing your vehicle if you fail to make your scheduled payments. While this sounds risky, it is like almost every other loan product on the market, as long as you are paying the loan back as scheduled you will never pay more than is called for in your loan agreement and your property is not at risk.

Yes, we are licensed and regulated by the Arizona Department of Financial Institutions. We pride ourselves on our ability to follow all rules and regulations while offering title loan services in Arizona.

You may call 623-748-4105 for more information or stop at one of our many locations throughout the valley.

Most are, due to the risk taken on by the lender, but we want to break the cycle! While some loan lenders seek to give you the highest rate possible, 1 Stop Title Loans and Motor Vehicle Services desire to charge a competitive interest rate to develop a personalized payment plan that gives you the ability to easily manage your lifestyle with your loan. An easier and more manageable lifestyle will cause less stress, and give you the ability to pay back the loan without fear.

Traditional banks often look at your credit history to serve as proof or collateral to determine how much money they will be allowed to lend you. The bad part is that it is very easy for anyone to have bad credit, regardless if they just started their credit, lost their job, or made some incorrect choices recently. At 1-Stop, we can use the title of your car as collateral in the majority of states rather than having to rely on your credit history. Simply put, you give us your car title and we will give you money for it. You pay back the money, we deliver the car title back to you.

A lien-free car title simply means that you fully own the car title. With no outstanding loans, judgments, or other collateral used against or with it. In order to get cash from us with your car and title, you must own a (lien-free) car title. Without this, you would not be able to trade your title for cash, thus making the title loan unavailable to you.

Bankruptcy is a life event that no one wants and can cause a lot of chaos or trouble for you for the rest of your financial future. Foreclosures are just as bad as they deal with losing possession of your home. With the help of an auto or car title loan, motorcycle title loan, or registration loan, you could avoid these events as this would give you the cash you need at the moment to avoid a worse situation. We will do our best to assist you in getting the cash you need and making sure you can reliably pay it back without stress on yourself.

Getting a title loan on your motorcycle or car is a lot easier and faster than trying to get other loans of choice like a signature loan from a bank. With this, it’s you trading the title of your vehicle in exchange for money, which is up to $50,000! The best part is that you get to keep your vehicle and continue to use it day to day. This makes an easier, simple process that is frictionless and helps you in the best way possible!
If you don’t want to do a title loan, personal loans would be another great option for you! We seek to offer a much easier, and more flexible service when granting loans than our competitors. With 1-Stop, you can get a personal loan for up to $2,500 in most states. Of course, you probably make ends meet and are able to get by, but in case of an emergency in which you require immediate funds, a personal loan is a great help. Or if you miscalculated your bills and requirements for the month, and you need some extra money to hold you over until payday, a personal loan will have you covered. Regardless of the case, 1-Stop seeks to assist you in any way possible by providing you with (multiple ways to make money) via a personal loan, registration loan, or title loan.

At 1-Stop, we seek to offer our customers the most cash with an easy, frictionless process while keeping our rates competitive with others. 1-Stop is renowned for working well with its customers and giving them the best rates while understanding their life situations and working with them. 1-Stop understands that no everyone has the greatest credit, everyone makes mistakes, and sometimes you need assistance to get by, we also seek to give you your loan amount as soon as possible. Getting a title loan or registration loan is fast, convenient, and simple with us! Don’t know if you need a Title Loan? Learn all about title loans here.

1-Stop Title Loans and Motor Vehicle Services takes the protection of our clients’ and customers’ personal information very seriously. We seek to help our customers with the utmost respect, speed, along with high regard for security to protect the client along with all of their personal information, to ensure they don’t have any more unforeseen problems along the way.

No matter what situation you are in, disabled, retirement, medical problems, whatever it may be, we seek to assist you in any way you can. As long as you can show some kind of proof of income, in this case, would be a pension or social security income, we can work with you to get you the loan you need and the right one!

Here at 1-Stop, bad credit is not a reason to reject an application, in fact, it is just another opportunity to help a customer get what they need or deserve! At 1-Stop, the value of your vehicle’s title will replace your credit history, good or bad; therefore, we can put the money you need in your hand regardless of how perfect or imperfect your credit score is. Here are some more options and additional information to help you (get money with bad credit).

Bankruptcy causes a great limit on your financial options due to the situation, but that doesn’t mean a loan is unavailable to you. A title loan with 1-Stop may be a great way to mend the financial problems you have and get you back on the right path. We’ve gathered valuable information from our 1-Stop professionals to help and advise you on what your options are and what you can do in your situation.

An appraisal is an exercise conducted upon the vehicle in which you are using as a title transfer for a title loan. The appraisal takes into consideration all the details about the vehicle, such as the mileage, year of make, model, and overall condition. The appraisal is to ensure you get the proper amount of money from this agreement that you should and is an easy process done at 1-Stop.

When applying for a title loan at 1-Stop, you will need to bring the vehicle and important documentation that will help qualify and deem your eligibility for a loan from us. The necessary documentation includes the title of the vehicle which should also have your name on it as the owner. You will also need a valid form of government-issued identification with a photo such as a driver’s license. The name on both the identification and the title should be yours. Additional documentation

Title Loan Process Questions

Absolutely, you can apply for a title loan online however you must meet at one of our locations with the vehicle to finalize the loan! You can also call us in preparation for a visit so that the process can move smoothly and quickly.

Very easily. You simply scroll up or down and find the “Apply Now” button. When you click that you will be taken to a new window in which you will be able to start the process of applying and enter all information required for your new title loan. It will allow you to select the loan you are seeking to apply for and whatever else is required.

We seek to make the title loan lending process as easy and quick as possible with a frictionless system to appease any client. To apply you simply:

  1. Start by selecting the APPLY NOW button at the top or bottom of the screen, or bring your lien-free vehicle title along with you to a physical 1-Stop facility.
  2. Fill out your application form while 1-Stop performs an inspection to ensure the value of your vehicle.
  3. 1-Stop will then take all given information, the value of your car, your credit history, and take into consideration the amount you need to grant you a value fit for you.
  4. Once approved, 1-Stop gives you the money while retaining the title of your vehicle, and you get to drive off with money and the vehicle in possession.
  5. Whenever you pay off your title loan, you will receive the title of your vehicle back into your belonging, making a simple process easier.

1 Stop Title Loans and Motor Vehicle Services seeks to make the process as quick as possible offering you an appraisal in as quick as 30 minutes. To ensure you get the process done as quickly and efficiently as possible, make sure you bring all the required documentation and you’ll have your cash before you know it.

No! While you may wish to visit one of our (many physical store locations) to have a professional 1 Stop employee assist you with the process, you can start applying for a title loan at any time with our online title loan application process. To apply simple click (get started online) for a seamless online application.

We have sought to make applications for car or motorcycle title loans with 1 Stop incredibly simple. We don’t require a lot of fancy title loan requirements some of our competitors may require, and we don’t look for perfect credit. We seek to look at our clients and offer them a quick and easy deal that is perfectly suited for them! Check out (How to Get Car Title Loan) for a more detailed explanation.

In addition to offering title loans, personal loans, and registration loans we offer 3rd Party MVD Motor Vehicle Services where you can get a title or duplicate title for your car, truck, or motorcycle. We offer MVD services at 6 of our locations in the Phoenix Metropolitain area.

Yes, for you to be eligible to use us when acquiring a title loan, the title you are using as collateral must be in your name. If an additional name appears on the title with yours, call your closest 1-Stop location and ask if you would need to both be present to apply or if you coming alone is fine.

We do not require you to have a job to be eligible for approval of a title loan. However, eligibility is limited to if you have a source of income. As a source of income is required, and you must be able to show proof of said income to be eligible for a loan of any kind with us.

After you fill out the online application, then stop by a 1 Stop Title Loan location with the required items for a title secured loan, a Team Member will review and validate all required documentation. A vehicle appraisal will also be required, which will be performed by a Team Member while you are finishing your application. The process can take as little as 30 minutes in-store with all the proper documentation in hand!

We seek to help you regardless of what situation you are in both mentally and financially. This even goes for if you already have a title loan with another loan company. We can simply refinance that loan for you, under our name and company, to ensure you are getting a better deal through us. We will take care of all the little details when you address this issue with us.

The fast answer is no. We allow you to make a prepayment without any kind of penalty. We actually encourage our customers to pay off the loan faster to help their situation and to make sure they can pay off their loan completely without any repercussions. There is no penalty whatsoever for our customers to pre-pay.

1 Stop will hold your vehicle’s title while your account with us is open. Once your account is closed and has been paid off completely, 1-Stop will then release its interest on your title, rendering the title completely lien-free and transferring ownership once again back to you.

Bankruptcy will make any kind of financial aid more difficult to gain and is a harsh struggle for anyone who wants to recover from the said situation, but this does not mean that a loan is not possible for these kinds of situations. In this case, the best type of loan might be a Title-Secured Loan with 1-Stop, because, though we will conduct a review of your credit history and gain credit bureau information, your credit report isn’t the only thing we consider. To get a better understanding of your options and what your next steps should be, visit your nearest 1-Stop location today!

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