Many people often find it hard to believe that their credit score is not a factor in the application process for title loans in Phoenix, and the state of Arizona in general. This is usually because they have been repeatedly denied other types of loans. Title loans exist precisely for this reason, they are there to help people who are down on their luck.

Lenders will not check your credit score because they secure the loan by holding on to your vehicle title. If you find that you are short on cash until next payday, and you don’t have a friend or family member to borrow from, you may want to consider a car title loan instead. This is a sure way to get cash quickly for a short period of time. You can pay it back when you get paid the next time. Until then, you will need to supply a valid car title for collateral until you pay back the money. Most people are apprehensive about applying for a short term loan because they do not want to have their credit record checked. The good news is that the title loan lenders do not check your credit.

Your loan amount is based solely on the determined value of your vehicle. Having a low credit score will NOT disqualify you from obtaining a short term loan in Phoenix. Once your vehicle has been appraised for the value of the loan or more, then your money will be issued directly to you.