What Types Of Loans Do You Offer In Tempe, Arizona?

Emergency loans in Tempe, Arizona can help you recover from financial disaster. If you’re struggling to make ends meet, here are the loan options we have at Southwest Title Loans.

We offer Tempe title loans and Tempe registration loans that you can rely on to cover short-term expenses. Title loans are for those who own their vehicle outright, while registration loans are exclusive to the state of Arizona and allow you to use your vehicle registration as short-term collateral.

Understanding your options is the key to making a smart decision, and our goal is to help you recognize which loan option is best for you. Let’s review these loans, how they work, and how you can apply today.

How Do Title Loans Work?

Tempe title loans use your vehicle’s title as collateral for the loan. The lender then places a lien against your title, securing their interest in lending money to you. The lien will be removed when you’ve finished making payments on the loan, and you’re free to use the vehicle as normal during the interim. When you put up your car as security, you receive a lump sum of money you can use at your discretion.

Of course, we recommend you only take advantage of title loans when you need urgent cash for an expense that you otherwise wouldn’t be able to cover; our loans can be unhelpful when used for starting businesses and for funding expensive lifestyles, so be sure to consider them only as a last resort, regardless of what type you get.

Still, title loans are great if you own your car outright but don’t have good credit, since your car’s title carries the burden of responsibility. Because your title acts as security, lenders are more comfortable issuing money.

How Do Registration Loans Work?

Registration loans in Tempe, Arizona are an alternative to title loans and work similarly, except that they are designed for people who don’t own their car outright. As with your title in a title loan, the registration serves as collateral and offers security for the lender. That means you don’t necessarily have to have great credit to take out a loan, although you should note that we will run your credit before you are approved.

Sometimes, we can roll your last few payments on your car into a title loan, so be sure to lay out your current situation for one of our loan representatives so that they can accommodate you with the best type of loan for your circumstances.

Just like with a title loan, you should only rely on a registration loan in dire circumstances. After all, if you’re still making payments on your car, then you already have financial obligations—no need to add to them if you don’t have to. Still, if you can’t make ends meet and you’ve got a bill or expense that could prove to be financially draining if unpaid, then a registration loan is worth considering.

What You’ll Need To Apply

To take out a Tempe title loan, you will need:

• Your driver’s license or state-issued ID
• Your lien-free vehicle title
• Your vehicle for inspection

For Tempe registration loans, you will need:

• Your Arizona driver’s license or government-issued photo ID
• A motor vehicle registration in your name from the state of Arizona
• An active checking account in your name
• A valid social security number

Our Quick Application Process

To take out a title loan, you will need to follow these simple steps:

1. Fill out the request form.
2. Wait for a representative to call you back and explain the loan process.
3. Set up an in-person meeting with an associate at a location you choose.
4. Attend the meeting with your required items.
5. If approved, receive your money that day or the next day!

For registration loans in Tempe Arizona, the process looks a bit different:

1. Fill out our easy form.
2. Wait for a call, and an associate will review the loan process with you.
3. Once done, head to your nearest Southwest Title Loans store with your required items.
4. Following a brief inspection, a representative will determine if you qualify for approval.
5. If approved, receive your money as soon as the same day!

Find The Right Loan For You Today!

Southwest Title Loans is proud to offer loans in Tempe, Arizona, including registration loans and title loans. Whether you own your car outright or not, there’s a loan option that may be available to you. If you’ve got any further questions, you can call us or use the live chat feature to learn more.

Already know what type of loan you want? Scroll to the top of this page and select your loan type to fill out the quick request form right here on our website today!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.