If you’re considering car title loans in Phoenix, AZ, it’s hard to know whom to trust. Where can you get the best auto title loan available? As you weigh your options, use the following tips to vet the lender and decide if you should move forward with their car title loan offerings.
Research Their Reputation
How long has the company been in business? How reputable are they? Find out when and where they started and what kind of ratings they have with customers and consumer organizations. If the company has little experience with car title loans in Phoenix, AZ, consider looking at other options. Do the same if you find any red flags in their reputation.
Probe Their Process
What does the lender require to obtain a car title loan in Phoenix, AZ? Some ask for an upfront fee before you even know if you’ll receive the loan. Some offer a complex process that is time-consuming and confusing. Be sure the company spells out their process, their expectations and their terms for the loan. Before you take out a loan, ensure you are clear about payments and penalties.
Find Out About Fees
Prepayment fees are a common extra cost involved in car title loans in Phoenix, AZ. Find out if the lender charges such a fee. This would come into play if you are able to pay off your entire amount earlier than the full term of the loan. Again, be sure you are aware of all fees and potential fees as you go into the agreement. You don’t want any surprises later on.
See About Service
How does the company handle their customer service? If they are an online lender, is someone available to speak with you in person or on the phone? If you have questions, how can you get in touch with the lender? Additionally, how quickly will they return your title once you pay off the car title loan in Phoenix, AZ? It’s important to find out the answers to these questions before you enter into a business transaction with a lender.
Investigate Personal Information
To secure a title loan, you will have to provide some personal information. However, you should investigate to determine if the company will keep your private information secure. Since the company will be using your title as collateral, they should not require as much information as a traditional lender or home mortgage provider. Don’t leave yourself vulnerable to identity theft or other fraudulent practices by giving unnecessary information or providing details over an unsecured website.
Find Out More
Would you like to find out more about your options for car title loans in Phoenix, AZ? At Cash-N-Go Auto Title Loans of Phoenix, we offer competitive rates and quick service. We are a founding member of the Arizona Title Loan Association and a member of the Better Business Bureau, so you can be confident that you are working with an experienced lender. Contact us today for more information or to get started on your loan. No credit required!
Categorised in: Title Loans