Get A Car Title Loan In Yuma AZ
Have you reached a point where you can't get a loan from a traditional lender because of poor credit? Why not consider a title loan that uses the equity in your vehicle as security for a loan? You don't need excellent credit and most applicants can get approved in a few hours if they apply online with Desert Title Loans! As of 2024, you can cash out 50% or more of the equity from your car, motorcycle, or SUV and use that as collateral for a loan of up to $20,000!
Some applicants apply for a title loan online with us but don't know what's required and how much cash they can get for their vehicle. Therefore, we will break down the basics so that anyone applying for a car title loan in Yuma, Arizona, knows what to expect and how quickly they can get their cash.
What Are The Requirements In Yuma To Get A Title Loan?
When you apply with Desert Title Loans, we require your car title, recent pay stubs, and vehicle registration information. Sometimes, we may ask for proof of vehicle insurance and check your credit to look for current bankruptcies or loan defaults. Your credit isn't much of a concern when you apply for a title loan in Arizona, but we still need to confirm your lending profile and verify your identity. Lenders also want to see proof of vehicle insurance and proof the car exists through pictures or videos, and ultimately, they'll need you to add them as lienholders to the car's title. They don't need you to hand over the car itself as collateral for a title loan. Instead, the vehicle's pink slip is held as security for the loan, and you get it back when the loan is fully repaid.
After underwriting the loan, we'll schedule a brief vehicle inspection for you with a local lender in Yuma. This inspection takes less than 20 minutes, and entails a quick checkup of the interior and exterior of the vehicle. The inspection agent will confirm the current mileage, record the VIN and then write up the contract. You'll then sign the loan docs and schedule a time to get the loan proceeds either through direct deposit to your checking or savings account or with a money order that you can pickup at any location in Yuma.
How Are Title Loans Different From Other Unsecured Loans
Car title loans differ from those offered through traditional lenders because we won't ask for a conventional credit check. When you apply for an unsecured loan, it can take weeks to underwrite the application, and you're subject to various credit checks. Title loans, on the other hand, can be approved in less than a day, and most companies in Yuma won't worry about your credit history.
Registration loans differ from title loans as you don't need a lien free car title to qualify. The car's registration docs are the security for the loan amount. Registration loans in Yuma are easier to qualify for as the requirements do not include a paid off vehicle. One drawback, however, is that the loan amounts are smaller, with funding amounts of around $600.
Take advantage of the title loan deals right now in Arizona with Desert Title Loans! Get cash fast to save yourself from financial trouble and be financially secure again. Whether you're struggling to pay medical bills, make ends meet monthly, or need money for another reason, take out a title loan from a registered lender.
Bad Credit Title Loans in Yuma AZ
If you wonder whether a bad credit title loan is right for you, but you have poor credit, then your worry ends here. Desert Title Loans offers access to secured loans for anyone, even people with bad credit.
Our lenders don't look down on someone with a low FICO score as their most important qualification is a paid off vehicle. Apply with us, and there's a good chance we won't check your credit. You should be approved if you can show proof of collateral from your car or truck!
How Fast Can I Get Cash From A Licensed Yuma Title Loan Company
Once approved you can get cash for your car's title in less than an hour when you start an application with Desert Title Loans. Licensed title loan companies will send you the funds directly after the loan is approved and some companies offer in person cash pick up at locations along Interstate 8 in Yuma. The quicker you can submit your documents and sign over the car's title, the quicker you can get your funds so apply online with Desert Title Loans or call 623-526-5001 to get started!
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