? Table of Contents
- ARE TITLE LOANS LEGAL IN ARIZONA?
- HOW DO TITLE LOANS WORK IN ARIZONA?
- HOW CAN I QUALIFY FOR AN ARIZONA TITLE LOAN?
- HOW MUCH CAN YOU GET FOR A TITLE LOAN IN ARIZONA?
- WHAT CREDIT SCORE DO YOU NEED FOR A TITLE LOAN IN AZ?
- CAN YOU GET CAR TITLE LOANS IN ARIZONA WITH NO CREDIT CHECK?
- REGISTRATION LOANS VS. AUTO TITLE LOANS IN ARIZONA
- APPLY FOR FAST TITLE LOANS IN ARIZONA
- What Locations in Arizona Can I Get a ChoiceCash Title Loan in?
ARE TITLE LOANS LEGAL IN ARIZONA?
You’re allowed to apply for title loans in Arizona as long as your car is paid off or almost paid off and you meet the lender’s requirements. The requirements for funding can vary depending on the lender you decide to work with, but in most cases, to get approved for an Arizona title loan you will need to have a title to a qualifying car in your name and sufficient proof of your ability to make a payment on the loan.1
Ready to apply for emergency cash? Use ChoiceCash’s online calculator to get an instant Arizona title loan quote with zero obligation! Find out how much you are prequalified for through a car title loan today by filling out the short form online. If you are fully approved for funding, you can get your money in as little as 24 hours!1
HOW DO TITLE LOANS WORK IN ARIZONA?
Title loans in Arizona can be fast and convenient when you need cash! To get emergency cash through a loan against your car, you’ll use your car’s title as collateral for the loan.1
When a borrower in Phoenix, Chandler, or another city in Arizona is approved for a loan, a title lender will add a lien to their car’s title once the money is disbursed. The lien is removed after the loan is completely paid off! The best part is that you get to keep using your car throughout the entire repayment process as long as you manage your payments.
HOW CAN I QUALIFY FOR AN ARIZONA TITLE LOAN?
To get approved for an Arizona title loan, you will need to be at least 18 years old and have a title to a qualifying car, sedan, SUV, or truck in your name at the time of your application. Additionally, your title lender will ask you to provide proof of income and other documents during your loan request, such as:1
- Clear Pictures of the Inside and Outside of Your Vehicle (Must be Taken Recently)
- Phone Bills, Credit Card Statements, Utility Bills, or Other Documents to Verify Your Current Address in Arizona
- Arizona Driver’s License, Permanent Resident Card, Matrícula Consular Card, or Another Valid, Government-Issued Photo ID
- A Car or Truck Title (Must be in Your Name and in Your Possession When Applying for an Arizona Title Loan)
One of the many conveniences of applying for a ChoiceCash title loan in Arizona is the document upload portal! When your documents are ready to go, just upload them online or send everything to a ChoiceCash title loan agent through email or text. You have the freedom to choose the right option for you! If you’re ready to apply for a car title loan in Arizona, just call 855-422-7402 or fill out a short online form to instantly find out if you are prequalified for cash.1
HOW MUCH CAN YOU GET FOR A TITLE LOAN IN ARIZONA?
Need fast cash to pay for rent or other personal expenses? Title loans in Arizona can be the answer. Generally, if you’re fully approved, you’ll be able to get half or more of your car’s value by pledging its title as collateral for the loan. If you qualify for a ChoiceCash title loan serviced by LoanMart, accessing up to $15,000 is possible! Best of all, you can use your Arizona title loan money to handle a variety of financial emergencies, including:1
- Rent Payments
- Medical or Dental Bills
- Home Renovations
- Other Large Personal Expenses
You have the freedom to spend your money on any type of personal expense, even if they are not included in the list above! Visit our FAQ page to learn more about how you can use your money if you are approved for a title loan in Arizona.
WHAT CREDIT SCORE DO YOU NEED FOR A TITLE LOAN IN AZ?
The average credit score in Arizona is 703, which is a “good” credit score on the VantageScore score model scale. If your score is currently below average, you may be worried about applying for a loan. With traditional bank loans, you will typically need to have a high credit score to get approved for funding and receive optimal loan terms, such as low interest rates.
Even if you are not confident with your credit score, you can still apply for a title loan in Arizona. One of the biggest benefits of applying for a vehicle-secured loan is that your credit score does not matter as much as your ability to make a payment on the loan and the value of the collateral! If you have a vehicle with a lot of value and proof of your ability to make a payment on the loan, then applying for auto title loans in Arizona can be a breeze.1
CAN YOU GET CAR TITLE LOANS IN ARIZONA WITH NO CREDIT CHECK?
Getting a title loan with bad credit is possible, but that doesn’t mean you can automatically skip a credit check during your application. Credit checks are often an important part of a loan request because they allow the financial institution or lender to take a deep dive into your finances and determine your overall credit risk.
As mentioned above, your car’s value and your income are the primary factors that title lenders will consider during your Arizona title loan request, but that doesn’t mean they won’t review your credit score and do their due diligence as a reputable lender.
REGISTRATION LOANS VS. AUTO TITLE LOANS IN ARIZONA
Registration loans and title loans are convenient loan options available to residents of Arizona. Both loans are secured by a vehicle, but the main difference between them is that title loans are secured by a first lien on the vehicle title whereas registration loans are secured by a second or third lien.
Even if you are still financing your vehicle, you can apply for either loan option and receive emergency cash! If you are approved for a title loan while you are making payments on your vehicle, the lender will typically pay off the remainder of your car loan on your behalf with a portion of your loan proceeds, so you only have to focus on one loan. However, registration loan lenders will not do this for you, so you are responsible for handling both loans simultaneously. Make sure to choose the secured loan that best fits your preferences and financial needs if you are still paying off your car!
APPLY FOR FAST TITLE LOANS IN ARIZONA
Getting the fast funds you need should be as simple as possible. Through ChoiceCash title loans serviced by LoanMart, you can experience a streamlined and convenient application process! Just dial 855-422-7402 to get started or complete a quick questionnaire online at any time of the day or night to get a fast loan quote. If you are fully approved for funding, you can get your money in as little as one business day! Some eligible residents of Arizona can get their money the same day they are approved.1
For the sake of convenience for Arizona customers, below is a map and list of just a few locations in the area, with many more statewide locations found here.
Demographic and Financial Statistics for Arizona
The below table provides some of the key income, loan, and financial statistics for Arizona, which are intended to give you a better understanding of how your financial circumstances compare to other Arizona residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:
| Average credit score (VantageScore®) | 703 |
| Average FICO® score | 713 |
| Average student loan debt | $35,700 |
| Average credit card debt | $6,053 |
| Average monthly car loan payment | $512 (Lease) $576 (Loan) |
| Share of households that rent | 34.7% |
| Average rent | $1,097 |
| Median gross rent | $1,172 |
| Median value of owner-occupied housing units | $265,600 |
| Median monthly owner costs - with a mortgage | $1,545 |
| Median monthly owner costs | $449 |
| Number of bank branches | 985 |
| Median household income | $65,913 |
| Per capita income | $34,644 |
What Locations in Arizona Can I Get a ChoiceCash Title Loan in?
ChoiceCash is proud to service residents all over Arizona including metro areas . Call 855-422-7402 to discuss your options with a loan expert. If you are looking to pay back your title loan in person, check out the city list below to see where your MoneyGram locations near Title Loans Arizona:
