If you’re in the market for car title loans in Somerton, Arizona, you have a lot of resources to choose from. There are many online car title loan lenders, but how do you know which lender is right for you?
That’s were Max Cash Title Loans can make your life easier. We have a network of thousands of online car title loan lenders across the United States! Borrowers from all credit histories and credit scores can often find a direct lender, without all the hassle of looking for a cash loan.5
Even with bad credit, you can still apply for a car title loan with Max Cash Title Loans! Apply online through our website or give us a call at 855-561-5626. Getting access to fast cash has never been easier!
How do Car Title Loans Work in Somerton, Arizona?
Title loans are a unique type of loan that can allow you to borrow off of the value of your car. Unlike registration loans and personal loans, title loans are secured through collateral. This collateral is the title to your vehicle, and it is the most important part of the loan process!
Since title loans are secured, your credit history is not an important part of the loan process. Unlike traditional bank loans, borrowers with bad credit can still qualify through their vehicle! This is because during the loan approval process, a lender will look at:
- The Value of Your Vehicle
- Your Income
- Your Ability to Repay the Loan and Afford Monthly Payments
Title loans can be short term loans, or long-term loans depending on your lender and your ability to repay the loan.
With Max Cash Title Loans, there are no prepayment penalties to worry about.3 Borrowers in Somerton, Arizona can apply for a title loan online, or over the phone.
Finding out your loan amount is easy! Simply use our online title loan calculator. Your loan amount will be based upon the value of your vehicle, as well as your income to ensure that you can afford that payment.1
Title loans often have flexible repayment plans to make the process easier.4 Secured loans like title loans will often come with more competitive interest rates and optimal loan terms!4
What Documents Will I Need to Apply for an Auto Title Loan in Somerton, Arizona?
Like any other loan, there are documents that will need to be submitted to determine your eligibility. Luckily, these are items that you likely have already handy. Here’s what you can expect:
- Proof of Income: You do not need a traditional 9-5 to qualify for a title loan! Those who are self-employed, retirement benefits, or freelancers will also have proof of income with their statements. Bank statements, retirement account statements, and paystubs can be used for proof of income.
- Proof of Residence: You will need to prove your address to qualify for a loan. Utility bills, rent agreements, or your mortgage bills can be used.
- Proof of ID: Any government issued, or state issued ID will count as proof of identification! Your driver’s license, passport, or even FOID card may count.
- Title to the Vehicle: It must be in your name in order to qualify. If another cosigner is on the title, they will need to be included in the loan.
- Proof of Insurance or Registration to the Vehicle: While not all lenders require this, some may! Your vehicle’s insurance, as well as your vehicle’s registration are documents you would have received from your issuer. If you are missing a copy, you can request it from them directly.
Fortunately, these documents can be submitted online for your convenience!
What is the Approval Process for a Car Title Loan Like in Somerton, Arizona?
Here at Max Cash Title Loans, we have streamlined the title loan approval process for your convenience. But, we can go at your pace!
If you want the process streamlined, you can get your funds in as little as 24 hours.1
If you need time to understand the title loan process, any of our loan agents are happy to help. Give us a call at 855-561-5626 to have your questions answered!
For the application process, you can expect these simple steps:
- Apply directly online through our website, or by giving us a call at 855-561-5626. Depending on your location, you may be able to apply in person! Borrowers can conveniently apply from the comfort of their own home as well.
- Submit the required documents online! Borrowers can either submit, email, or fax their documents in if applicable.
- After submitting your documents, a loan agent will contact you to inform you of your eligibility status, and to help you sign your loan agreement.
- Once you have the agreement signed, the last step is to choose how to get your cash!1 2 Borrowers that choose Max Cash Title Loans can expect to choose between a check in the mail, direct deposit, or any local MoneyGram location.
If you have any questions about the application process or what you might need to apply for a title loan, head onto our website and check out our FAQ page. Or, feel free to give one of our representatives a call at 855-561-5626. Our loan agents are available seven days a week to take your call and offer help when you need it!1
Why Wait to See if You Qualify? Apply for Car Title Loans in Somerton, Arizona Today
If you are in need of financial assistance, Max Cash Title Loans is here to help! Borrowers in Somerton, Arizona can apply today for a title loan in just a few minutes.2 Apply for a title loan in Somerton, Arizona today by visiting our website and filling out a short inquiry form. Or, feel free to give one of our loan representatives a call at 855-561-5626.
Disclaimer: Max Cash Title Loans services this area but this map does not represent an actual location