Car Title Loans in Tempe, Arizona
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Car Title Loans in Tempe, Arizona
When you require a loan fast in the Tempe area, it’s easy to feel as though you have no options and nowhere to go. Fortunately, you may have resources if you own a vehicle.
When you possess a car with a title in your name, you have a possible source of funding to turn to. All you need to do is secure a title loan. Title loans, in case you’re not familiar with this option, are loans offered through financial companies such as LoanCenter that are provided to borrowers who are willing to agree to offer their vehicle titles as loan security, which may make these loans very easier to qualify for.
Is it Hard to Qualify?
Qualifying for a title loan is actually quite simple. At minimum, we ask that you:
- Be at least 18 years of age or older
- Own your vehicle in full
- Have no liens on the vehicle in question
- Have a reliable, verifiable source of income with an ability to repay
We will also conduct a bureau check on you. Here at LoanCenter, we do take a look at your current credit situation and overall credit history. However, if these things are not ideal, there is still a possibility that you could borrow from us. At LoanCenter, we pride ourselves on always considering the “big picture” of a borrower and attempt to offer loans to people with great credit and poor credit.1
Your income, general credit score, and vehicle worth are all considered and will help determine how much you can borrow. If you can meet most of these requirements, it’s possible that you can get approved.
The Role of Your Vehicle
Typically, the more your car is worth, the more money you may be able to qualify for. So, if you have a more modern car or a car that’s otherwise very valuable, the more you may be able to borrow. You may be able to borrow any amount that doesn’t go over the car’s full value.
However, drivers with less desirable cars have the chance to borrow as well. And, sometimes, borrowing smaller amounts with an older vehicle or just not taking the entire amount you’re able to get can be wise. It may make the loan more reasonable and easier to pay back. Ultimately, if you are approved, we’ll inform you of the maximum amount you can borrow; you can decide how much to borrow from there.
Quick and Easy Financing
If you’re like most people who take out a title loan, you are doing it because you need a loan as soon as possible. Luckily, here at LoanCenter, we understand that, for most of our borrowers, time and speed are vital. That’s why we try to process and decision loan applications as quickly as possible.2
Our sense of efficiency begins with the application process. First fill out the basic application form online. From there, we’ll work to help you complete your loan application, provide all of the necessary documentation, and then get approved for your loan.
Here at LoanCenter, we realize and understand that our customers do not have time to waste. That’s why we try to offer speedy approvals and send out funds as quickly as possible.
Bad Credit is No Problem
Have You Been Denied for a Loan in the Past?
You may be worried about your credit score, especially if it has caused you to be denied for other types of financing in the past. Know that title loans are not like other types of loans.
While other loan options may require superior credit for you to even be considered for approval, we are qualified to work with borrowers with all types of situations and with all types of credit histories. And, while decent credit can definitely help you to get the best possible loan terms, it’s not a requirement to get approved. Even with poor credit, it is possible that we will be able to assist you.
It’s possible that if you are approved and have accepted your terms, borrowing from us could potentially boost your credit score.3
How much can I borrow with a vehicle title loan?
The main factor is the value of your automobile, but other factors such as your ability to repay, play a role in determining the total amount you can borrow.
If approved, how much time does it take to obtain the loan money?
While there is no specific time frame, here at LoanCenter, we try to process approved applications as quickly as possible.
Where do I learn more?
Fill out an application online at LoanCenter to see if you pre-qualify for a title loan. If you are approved, one of our Loan Officers will be in touch.
1 This is not a guaranteed offer of credit. Loan approval is subject to meeting lender’s credit criteria, which include demonstration of your ability to repay the loan, providing collateral of acceptable value and equity, and the grant of a first priority lien on your motor vehicle. Due to the Military Lending Act, installment loans secured by the borrower’s motor vehicle are not offered to military members or its dependents.
2 Funding time is based on the time from final approval following receipt and review of all required documents and signing, prior to 3PM PST on a business day.
3 We report to the major credit reporting agencies. A good payment history with us may help raise your credit score and make it easier for you to borrow money in the future.