To get a title loan, you need to meet some basic requirements. These requirements may vary by lender and state, but generally, you need to be at least 18 years old and own a vehicle with valid documentation to confirm this. Your government-issued ID should match the name given on the document. You also need to provide proof of income to show that you can borrow money and repay the loan.
Some lenders may require additional documentation, such as proof of residency, current vehicle registration, proof of vehicle insurance, recent pay stubs or other proof of ability to repay the loan, and names, phone numbers, and addresses of at least two valid references.
Title loans are a type of secured loan where borrowers can use their vehicle title as collateral to get a loan. In Gilbert, Arizona, there are several title loan companies that offer this service to residents. Some of the top title loan companies in Gilbert include Maximum Title Loans1 and TitleMax Title Loans2. These companies offer fast and easy access to cash for borrowers who need it.
Title loans can be a good option for people who need quick access to cash and have a clear vehicle title. The application process is usually simple and can be completed in as little as 15 to 45 minutes. However, it’s important to carefully consider the terms of the loan and make sure you can repay it on time to avoid losing your vehicle.
Title loans are a type of secured loan where the borrower uses their vehicle title as collateral. In Gilbert, Arizona, there are several companies that offer title loans, including Maximum Title Loans and TitleMax Title Loans12. These companies offer short-term loans to people who may not have good credit or a bank account, using their car as collateral.
The interest rates for title loans can be high, and there may be additional fees and costs associated with the loan. For example, Maximum Title Loans offers rates as low as 1/3rd the legal rate1. It is important to carefully read the terms of the loan and understand the repayment schedule before agreeing to a title loan.
If a borrower is unable to make their agreed-upon payments, the loan company may offer to refinance the loan. However, this may result in additional fees and costs. If the borrower stops paying, the loan company may continue to apply the high interest rate to the amount owed until it is paid off or until they get a judgment from a court. If the lender did not keep the borrower’s title or did not repossess their car, the borrower may be sued for the amount owed on the loan plus interest3.
It is important to carefully consider all options before taking out a title loan. There may be other alternatives available, such as personal loans or borrowing from friends or family. It is also a good idea to seek advice from a financial advisor or credit counselor before making any decisions.
There are several title loan providers in Gilbert, Arizona. Here are some details about a few of them:
Maximum Title Loans: This is an Arizona owned and family operated loan agency and financial consultant located at 1555 S Gilbert Rd, Mesa, AZ, 852041. They offer 50% off your first month’s interest and rates as low as 1/3rd the legal rate1.
TitleMax Title Loans: This store provides residents of the Gilbert area with title loans and personal loans. It is located at the southwest corner of Gilbert and Guadalupe next to a Carl’s Jr. and across the street from Bank of America2. You can stop by the N. Gilbert Road TitleMax store or call them at (480) 448-6200 to get approved for a title loan or personal loan fast2.