If you have a poor credit score, you probably know that banks will not lend you money. When an emergency comes up, you may feel too panicked and desperate, wondering where you will get the money you just do not have. The best solution in such a situation is to apply for a Car Loan in AZ. You can qualify for an auto title loan regardless of whether you are bankrupt, have a poor credit history, or even if do not have any credit history. Here are some things you may not have realized about car title loans.
You Probably Qualify
It is actually easy to qualify for auto title loans. The lending company will not even check your credit, therefore a poor credit score will not prevent from qualifying for the loan. To qualify, you must be over eighteen years and own a motor vehicle.
You Can Get More Money
Did you know you can qualify for a bigger loan with a car loan than you could with a pawn loan or a payday loan? This is because the amount you can qualify for is determined by the equity in your vehicle. Many people are surprised when they find out how much the lending company is willing to offer them. However, it is advisable you only borrow what you need to ensure you can afford to repay it.
Decide How You Want to Make Your Repayments
With car title loans you are allowed to decide how you want to pay back the loan. The lender understands your situation, as well as your tight monthly budget, and therefore allows you to decide how you want to make your repayment. However, it is recommendable you pay back within the shortest time possible to avoid paying more.
You Keep Your Car
Most people think that car title loans work just like pawn shop loans, which require handling over your property to secure your loan. The truth is that you continue driving your car while you make your repayment, and your car title is returned to you once you pay off the loan.
When you need money, secure a Car Loan in AZ. Auto title loans offer an efficient and effective way to solve your financial emergencies. For more information on how to apply for an auto title loan, visit us.
