Payday Loan 
Title Loan 
Personal Loan 
Business Loan What Are Title Loans in Tempe, AZ?
Title loans in Tempe, AZ are short-term loans that use the borrower’s vehicle title as collateral. Rather than the borrower’s credit score, lenders will assess the value of the vehicle to determine loan eligibility. The borrower is then required to provide the lender with the vehicle title and a set of keys, and the loan is typically repaid within 30 days.
Why Take Out Title Loans in Tempe, AZ?
Title loans in Tempe, AZ can be a great option for individuals who are looking for fast access to cash. They are often the best choice for people who have bad credit scores or have been turned down for other types of loans. The amount of money available with a title loan is usually much higher than with a payday loan and is based on the value of the vehicle.
Things to Consider Before Applying for a Title Loan in Tempe, AZ
If you are considering applying for a title loan in Tempe, AZ, it’s important to be aware of the risks and understand the terms of the loan before signing a contract. Here are some things to consider when applying for this type of loan:
- Interest Rates: Title loans in Tempe, AZ can have high interest rates, so it’s important to understand the total cost of the loan before signing a contract. Be sure to compare interest rates from different lenders and make sure you understand the terms of the loan.
- Vehicle Loan Value: The loan amount you can receive is based on the value of your vehicle, so it’s important to make sure you have a fair estimate of the value of your car before applying for the loan.
- Repayment Terms: Most title loan companies require that the loan be repaid within 30 days, but it’s important to understand the specific terms of the loan before signing the contract. Make sure you can comfortably make the monthly payments before taking out a loan.
- Default Risk: If you fail to repay the loan on time, the lender can repossess your vehicle. Be sure to read the fine print of the loan contract and understand the consequences for default before signing.
Where to Find Title Loans in Tempe, AZ
If you’re looking for title loans in Tempe, AZ, there are a few different options available. Here are some of the most common places to find this type of loan:
- Online Lenders: There are many online lenders that offer title loans in Tempe, AZ. These lenders are often more flexible and have competitive interest rates, so it’s worth comparing a few different lenders before making a decision.
- Banks: Many banks in Tempe, AZ offer title loans, though the interest rates may be higher than with online lenders. Be sure to shop around and compare rates from different banks before making a decision.
- Credit Unions: Credit unions in Tempe, AZ often offer lower interest rates than banks and are often more willing to work with borrowers who have bad credit. It’s worth comparing interest rates from different credit unions before taking out a loan.
Frequently Asked Questions
The amount of money you can get with a title loan depends on the value of your vehicle. Generally, the loan amount is based on the Kelly Blue Book value of the vehicle.
No, you do not need good credit to get a title loan. Your loan amount is based on the value of your vehicle, not your credit score.
Title loans can often be approved within one business day. However, the exact time it takes to receive your funds depends on the lender you use.
If you cannot pay back your title loan on time, the lender may repossess your vehicle. Make sure you understand the terms of the loan and can comfortably make the payments before taking out a loan.
Apply Now
If you’re looking for title loans in Tempe, AZ, The Guaranteed Loans can help you find a lender that suits your needs. We make it easy to apply online and our loan specialists will work with you to find the best lender for your situation.
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