Getting a title loan can be a great way to get some fast cash to pay off any unexpected bills or to get yourself out of a sticky financial situation. However, you don’t want to get your title loan from just anyone, as there are plenty of disreputable “lenders” out there who would love the opportunity to take your money. This post will teach you how to find the best AZ auto title lenders who can help you out when you’re in need.
Do your research
Our first tip is to do some research—make sure you know everything about title loans and the associated interest rates before you go in to meet with any title lenders. Understand how much interest you’ll pay on your loan and what your monthly payments will look like. Not doing this research can get you in even deeper over your head, which obviously isn’t a good situation.
Know your limits
Going along with the point above, know what you can afford to pay back each month. Never agree to a title loan if the repayment plans are outrageous or out of your price range. Again, agreeing to a title loan if you can’t pay it back could result in harsh fines or even repossession of your car.
Read online reviews
Before speaking to any AZ auto title lenders, we always recommend reading the company’s reviews. See what former customers have to say about the lender, and stay away from any companies with one-star ratings. Chances are, if previous customers had a bad experience, you will too. At Cash-N-Go Auto Title Loans of Phoenix, we’re proud to say that we have an A+ rating from the Better Business Bureau and consistently receive five-star reviews from our clients.
Check the company’s license
You wouldn’t hire an unlicensed contractor to make repairs around your house or an unlicensed mechanic to fix your car, and you should also never work with an unlicensed auto title lender. Unlicensed lenders often run shady operations and charge high interest rates that are often unaffordable. We’re a licensed company and one of the founding members of the Arizona Title Loan Association!
Don’t pay upfront fees
You’ll know you’re speaking with a less-than-reputable lender if they ask you to pay an upfront fee. Don’t let them fool you—this is not a standard practice! As soon as someone asks you to pay a fee, just get up and walk away. This is a rabbit hole that you do not want to find yourself in.
Finally, be sure to stay organized once you’ve received your loan. Hold on to all necessary documents, and be sure to make your payments on time. Getting behind on your payments will cause undue stress and may lead to a worse financial situation than you were already in.
If you need an auto title loan, be sure to get it from Cash-N-Go Auto Title Loans of Phoenix—we’re the best AZ auto title lenders! Applying online is easy and our rates are some of the most competitive in town.
Categorised in: Title Loans