Hereof, are title loans legal in Arizona?
The auto title loan industry is regulated by state and federal laws. These types of loans are perfectly legal in Arizona, and the state agency that licenses auto title loan companies is the Department of Financial Institutions.
Then, can you have more than one registration loan?
Because you can take out multiple registration loans at once, if circumstances merit it, you can receive multiple lines of funding, too. While registration loans offer convenience to borrowers because they are easily obtained, as with any loan, you should only apply for them when and if it’s necessary.
How do title loans work in Arizona?
Getting a title loan is very simple in Arizona. It is a requirement that you own your vehicle fully and have a clear lien-free title. You can choose to use your title as collateral to get the cash you need from 1 Stop Title Loans and Motor Vehicle Services.
Is it illegal to sell a car with a title loan?
If you’re trying to sell your car, but you still have a car title loan with a lender, you might be wondering if you can sell a car with a title loan on it. The answer is yes, but you have to make sure the car title loan is paid off before you will be able to transfer the title to the new owner.
Will Title Max repo your car?
Do you know that 20% of title loans result in the repossession of a borrower’s vehicle? Yes, that means 1 in 5 people who get title loans loses their car because they are unable to repay the debt owed. A lot of times, many car owners who take out title loans do it because it’s the easiest way to get fast cash.