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Bad credit can result from unavoidable life events, like a sudden illness or death in the family. It can also be cumulative from late payments, bankruptcy, or simply errors in reporting. Regardless of the cause, bad credit can stand in the way of obtaining credit with reasonable interest rates. Getting a title loan in Fort Defiance is a perfect alternative since it does not require a credit check for approval.
A car title loan is a secured loan that uses your vehicle as collateral, which allows you to obtain credit regardless of your FICO score. With a few details about your car, we can pre-approve you for a title loan and set the process in motion to have your vehicle inspected. The inspection will determine the loan amount, and you will receive approval within 24 hours. Fund disbursement can happen within a few minutes (with a deposit to your bank account) to a few business days (if receiving a check).
If you have a title loan in Fort Defiance but are unhappy with the interest rates or even the customer service, Titlelo can find a new lender to refinance your loan. After learning more about your current loan and vehicle, we will connect you with a lender that will offer better rates and a better experience.
When a loan is refinanced, the old debt is paid off by the new lender and a new loan is created to replace the old one. The new lender will then have rights to the vehicle in case of a default on the loan. The lien on the vehicle (rights to possession in the case of a default) is transferred from the old lender to the new one with the new loan.
Refinancing is a great opportunity to shop for new rates and lenders, but it can be difficult to locate a credible company fast enough to satisfy your needs. Titlelo can match you with a new lender in minutes and lower your rates for good.
Making ends meet is hard enough. What happens when you just can't do it? Both unexpected expenses and planned events, like holidays, birthdays, and back-to-school can all throw a budget off just enough to put a bill (or bills) in jeopardy. A short-term loan can provide you with the money you need to keep your bills current while addressing your additional expenses.
When you need cash, but do not want to open a new line of credit, a title loan can be the perfect solution. Your loan amount will depend on the value of your car, which will be determined by an inspection by the lender you choose. Titlelo helps you compare lenders and select the one with the best rate and options for you.
Unless you receive your funds via direct deposit, there will be no reason to process your bank account information. It is not required to process your loan, and we respect that you may not want to share this information. Titlelo protects customer data, but the safest place for it is to remain with you.
To apply, you will need to provide only basic information about yourself and your vehicle to Titlelo. There may be more documentation required by the lender to process the loan and disburse funds, including a valid government-issued ID, the title to the vehicle, and proof of income. Some lenders will request proof of address, proof of registration, or proof of insurance (but not always).
If you have researched title loans before, you know there can be strict requirements for the vehicle: mileage, equity, and age. Many lenders will not consider a car that is more than ten years old, but cars retain value for most of their lives. Titlelo works hard to select quality lenders near Fort Defiance that have different requirements and loan processes for this very reason. Even if you have an older model, we can still match you with a lender that offers competitive rates without disqualifying your vehicle for age.
Lenders in Arizona may also require additional documentation, such as the title of the vehicle, proof of registration and proof of insurance (but not always). The loan amount will be based on the actual value of the car as determined by the lender's inspection.
Applying for car title loans online shouldn't be difficult. Complete our simple online application and enter basic information about yourself and your vehicle. Once you're pre-approved, one of our friendly experts will contact you.
Titlelo will assess your needs and match you with the best lender in your area. Once you've accepted the terms and conditions of your lender, we'll help you gather everything you need to make the process simple and swift.
Visit your local title lender and bring your title, ID, and any other required documents. Review and sign your loan documents and get the cash you need instantly. Drive away with your car and get back to what matters in your life.
In the State of Arizona, the maximum monthly rate for a title loan below $500 is 17%. If the borrower’s title advance ranges from $500 to $2500, the monthly interest rate is usually set at 15%. Anything between $2500 and $5000 would get a maximum interest rate of 13%. For any loan amount that exceeds $5000, the monthly rate would be set at a maximum of 10%.
Late payments mean additional charges and interest, but this should be clearly disclosed in the contract. Arizona laws state that penalties should not exceed 5% of the remaining balance.
The minimum requirement for a car title loan in Fort Defiance, AZ is a government-issued ID and proof of monthly income (banking records are accepted).
Although the title of the vehicle showing the borrower as the owner is required by some lenders, some lenders may still provide a loan by basing it on the vehicle’s equity. For loans with a higher amount, lenders may also require proof of insurance. Some lenders may also require personal references.
Arizona laws are flexible when it comes to loan extensions. Many lenders allow extensions especially if there are urgent circumstances that explain the delay in payments.
On an average, borrowers roll over their title loans up to 8 times. This means that a $500 loan could end up ballooning to $1500 considering the 17% rate cap. A $1000 loan, with its 15% cap, will end up costing $1150 after the 8th extension.
In Fort Defiance, lenders may repossess a vehicle when the borrower defaults on the loan. Arizona laws state that borrowers have up to 11 days after the due date to pay their balance. Some title loan companies are more flexible, so it is possible to arrive at a compromise in the event of an extension in case there are unexpected setbacks on the borrower’s part.