Every now and then, some unexpected bills or financial emergencies may arise in your life that could require you to come up with ways to get some fast cash. One of the options you have available to you is a car title loan.
Here are just a few of the reasons why you might consider Arizona auto title loans when in need of some quick money:
- The process is fast: You won’t find a faster or easier lending process than the use of car title loans. They’re quick and convenient, and the application process takes mere minutes. You’ll generally be accepted and receive your cash on the very same day. There’s a lot less work that goes into this type of loan process than with other types of personal loans.
- No credit checks: You don’t need to worry about your credit score when applying for an auto title loan, as there are no credit checks involved in the process. Instead, the loan uses your vehicle as collateral, which makes it easier for you to secure the cash you need. As long as you have a source of income and the vehicle is worth more than the loan amount, you should have an easy time getting accepted.
- You maintain control over your vehicle: Even though you’re using the vehicle as collateral in the loan, you’ll still be able to use it on an everyday basis to get around to work, school and anywhere else you have to go.
- Cheap option: There are other types of loan options, such as cash advances, that end up being more expensive in the long run. Auto title loans give you lower interest rates than other types of fast loans or payday loans, because they use your vehicle as collateral. That gives a sort of extra layer of protection to the loan that those other types of fast loans do not offer.
- Easy repayment: Car title loans tend to have very easy and efficient options for repayment. You’ll get a schedule right off the bat when applying for the loan, so you’ll know your deadlines. Generally, the repayment period is much shorter for these types of loans, which also helps to cut down on interest and allows you to move forward from the debt very quickly.
- Easy qualification: As we previously mentioned, all it takes is a vehicle and a source of income and you’ll be able to qualify for an auto title loan, so long as that loan is for a value that is less than the value of your vehicle.
- Great for unforeseen circumstances: Because you can get the money so quickly and because the interest rates are lower than for other fast loans and cash advances, this makes auto title loans an ideal solution to unforeseen financial hardships or sudden medical expenses that you were not prepared to handle yourself.
For more information about the various benefits associated with Arizona auto title loans, contact the team at Cash-N-Go Auto Title Loans of Phoenix today with any questions.
Categorised in: Title Loans