If you are looking for an instant cash option to pay any of your bills or deal with emergencies, then you can consider the car title loan. It is considered to be a short-term loan where you have to give the title of the vehicle to the lender and you could get the amount after completing the process. The title loans in az have become so popular because the process is simple and it does not require your credit score, no paperwork involved, you’re able to get the money in less than an hour.
When it comes to choosing a car title loan, you have two options to choose from. One type of loan is a single-payment loan and another one is an installment loan. If you choose the single-payment loan then you have to pay back with the interest rate and it does not allow you to make multiple payments.
If you consider choosing installment loans, then you can choose between three to six months to repay the amount. So, depending on your needs, choose the loan type that is convenient for you to pay.
One of the common misconceptions that people have about getting title loans in az is that they will be not allowed to use their car. But that’s not true. You will be able to use the car and only the title of your car is given to the lender.
If you fail to repay loan amounts only they will take your car. So, you don’t have to worry about anything and you can take the loan to meet your financial requirements.