Auto Title Loans In Glendale - How They Work
Get cash in Glendale, AZ, and all it takes is a lien free vehicle and proof of employment to qualify. These car title loans are popular with borrowers who own a vehicle that's paid off but don't have a good credit score. Best of all, you can borrow upwards of $15,000 with a title loan! Most customers will qualify for $1,000 to $3,000 using a lien-free car or truck, and it doesn't take long at all to process your application and get you funded.
Online title loans use the equity in your vehicle as security for a loan. That means your car's value determines the final funding and estimated payment amounts. Some title loan providers in Glendale can offer these equity loans for up to 65% of your vehicle's resale amount, and you have six months to 4 years to repay the loan. You may be wondering about the interest rates with these title loans, and the APR is the biggest drawback. While you may get approved for a bank loan with rates under 30%, a title loan or registration loan in Glendale will likely have internet rates over 45%, with some companies approaching 100% for low value vehicles and customers with no credit history.
Title Loan Restrictions And Requirements In Glendale AZ
There are a few requirements to get a title loan in Glendale. In most cases, you can only qualify for a title loan with a lien free vehicle or one that's nearly paid off. There can't be any other loans or liens attached to the pink slip, and the vehicle must be titled in AZ. You must show proof of income that verifies you can afford the monthly payments. This verification can be from checking account statements or proof of income. Companies may also request proof of vehicle registration and evidence that your car is insured for the total replacement value.
While a paid off title and proof of income are typically the main requirements for a title loan, you may have to bring in the vehicle for an inspection if you want to borrow more than $1,000. That's because your lender wants to know if the car exists and matches the current resale value. Most inspections can be completed in 30 minutes or less and occur in Arrowhead Ranch, Westgate, and Downtown Glendale AZ.
Apply For An Online Title Loan In Glendale
When choosing a title loan lender, you want to start with a company that knows what it takes to get funded in Glendale.
Desert Title Loans has worked with customers in Glendale for nearly a decade, and we can get you matched with a local company in less than an hour.
Start by applying online or call 623-526-5001, and we'll let you know how much you can borrow and what type of interest rate to expect. Our loan offers are based on the value of your vehicle, and you should be able to borrow up to 65% of the current equity value.
Online Title Loans In Glendale, AZ, With Poor Credit
While banks and unsecured lenders often require a good credit score, this isn't the case with no inspection vehicle title loans. Applicants with poor credit are ideal candidates for a car title loan because your loan is underwritten according to the equity in your vehicle, not your FICO score. So why apply for an unsecured personal loan that takes days to underwrite your application and check credit? Desert Title Loans can get you pre-approved for a title loan in AZ, regardless of your credit history.
There may be an initial check of your credit, but we know that most applicants have a FICO score under 600. You should qualify for a bad credit title loan in Glendale as long as there's enough collateral from your vehicle, and your credit will only be a concern if you're bankrupt or facing repossession from another lender.
Apply Online With Desert Title Loans
Desert Title Loans is an excellent resource for quick approval title loans in Glendale. We only work with licensed lenders in AZ, and assuming you meet the necessary vehicle requirements, it should take you less than one business day to get underwritten and funded! There's no risk or obligation to see how much money you can borrow, and some customers can qualify for $3,000 or more based on their vehicle's equity. Call us at 623-526-5001 or apply online today!
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