We often hear from borrowers that are looking for title loans online in Flagstaff. Northern Arizona contains a large amount of land, but there are very few direct lenders outside of Flagstaff that offer same day cash for your vehicle title. That means you can apply online and then wrap up the vehicle inspection and lien transfer at a direct lending location in Flagstaff. You will keep driving the vehicle, but the lender holds the pink slip as security for the loan amount
More than half of our clients that apply for car title loans in AZ live outside the metro Phoenix area. This includes Northern Arizona cities like Flagstaff and Williams. A city like Flagstaff is going to have a good amount of retail companies that you can meet in person. But there’s still a large population of applicants who live at least an hour away from a big city lender. People in this situation don’t need to worry about what it’s going to take to get them fast cash from a title loan service. Most online title loan companies are set up to cater to people who can’t come into an office or shop to apply in person. Here’s what to expect if you live near Coconino County and want to apply for some type of short term financing.
Title Loans For Borrowers In Flagstaff, AZ
Let’s say you’re interested in applying for a loan and you have Flagstaff, AZ. You always have the option of driving an hour or two south to Phoenix and submitting an app with a local lender. We know of dozens of vehicle equity services in Norther AZ and there are no citywide restrictions or regulations on secured lending. But the easier thing to do is to apply online with any number of the direct lenders who are licensed to provide pink slip funding in AZ. Take a few minutes and use our online application to apply for a car title loan in Arizona. Nearly all these companies couldn’t care less if you don’t live in a big city. You will submit your application and other documents online. This information includes personal details and financing information. At this point, the car title loan company will review and underwrite your file to ensure accuracy.
Other lending options in Flagstaff include vehicle registration loans. With this loan offer you use your current registration as security for up to $1,000. You don’t need a paid off title and the lender doesn’t require you even hand over the car’s title as security. Get your updated registration info and qualify for a vehicle registration loan at the Flagstaff ADOT location.
What’s Required For A Title Loan in Flagstaff
Some services may require you to fax or email in bank documents, proof of employment, and proof of a checking account. It often takes an hour or less for a company to issue a confirmation on whether you can get approved for a car title loan. Once you get notice of acceptance, you will need to set a time to meet with a representative of the company. Most services in Arizona make it convenient for the customer as they will come to you. We know of several title loan companies in Mesa that have locations where you can meet with them. Others in smaller cities like Flagstaff will arrange a time to come to your house.
A lender will often send a notary to have you sign the paperwork and collect the pink slip as collateral and this is especially helpful in Flagstaff where many areas are rural and hard to reach. They will also want to check the vehicle’s condition and make sure it corresponds to the information on the title. Cash is often sent out in the form of a check. Many large vehicle equity lenders in Flagstaff or Prescott will send the money by within one business day, but it depends on what you would like.
How To Get A Cash Loan in Arizona With Bad Credit Scores
When you have a bad credit rating, it can seem impossible to get a loan. Fortunately, there are options for those with poor credit in Arizona. Check out our tips below for help in getting a cash loan in Arizona with bad credit scores:
1. Consider auto title loans as an alternative to payday advances: Payday loans are designed for borrowers with bad FICO scores who have no chance of qualifying for personal loans. They are typically small, short term unsecured loans that have to be repaid within two weeks to one month. The APR on these types of loans are high, but they can be a good option for those in a bind and you can borrow more money with a title loan in Flagstaff.
2. Look into vehicle equity: Title loans use your car as collateral and most lenders in Flagstaff will offer 40-50% of the car’s value as equity. Title loan companies won’t check your credit score and some will even look beyond a past bankruptcy. The car’s title is what you gets you qualified for the loan!
What Are The Fees And Rates With Flagstaff Title Loans
The fees and rates with Flagstaff title loans will vary depending on the lender. However, in general, most title loan companies will charge a flat rate for their services. This rate is generally around $25 per $100 borrowed. In addition to this flat fee, you will also be responsible for paying interest on the loan. The interest rate on title loans is typically much higher than traditional loans from banks or credit unions. However, because the amount borrowed is often secured by your car, the lender is at less risk if you default on the loan. As a result, the interest rate may be lower than what you would pay for an unsecured loan in Flagstaff AZ with bad credit.