How Do Registration Loans Work?

Daniel Joelson

Daniel Joelson

Total Posts: 508

Published Date: February 4, 2023

Daniel Joelson has been in the consumer finance space since 1994, he has helped to develop underwriting manuals for the financial sector. With a vast amount of Knowledge in consumer finance, he has been writing articles for all types of loans. With his knowledge, he is able to help many people to answer different financial problems.

In Arizona, many people wonder how registration loans work, and whether are they different from title loans, here at TFC Title Loans, we will explain the differences, and what you can expect from them. Also, what are the differences between registration loans and title loans?

With a registration loan, you are able to use the title of your vehicle to get the money that you need to pay for your emergency expense, or whatever you want to use the money for. With registration loans you will only need to provide us with the basic requirements for you to qualify.

If you are wondering how registration loans work, we are here to help you through the process, we will also help you to get the most money, and the low monthly payment that you need, so you will be able to make your monthly payments.

Every state has its own laws regarding how consumer finance works in their state, here is some additional information for you to get familiar with the finance lending laws in Arizona.

Registration Loans vs Title Loans

Registration loans and title loans are both available in Arizona. They might sound like the same thing as you are getting money on your car title, but actually, they are quite different.

Registration Loans

Registration loans and title loans, both require that the title of your vehicle is in your name, but the difference between them is that in a registration loan, your name only needs to be on the registration. So if you are still financing the vehicle, you will still be able to get a loan on it.

Registration loans do not require you to own the vehicle outright. So if you are still making payments on it, you will be able to get a registration loan.

When you get a registration loan it is not secured with any collateral as the lender can’t go on the title as the lienholder, they are unsecured loans.

Registration loans replaced payday loans in Arizona since payday loans were banned. Registration loans are an unsecured loan option for people in Arizona.

How do registration loans work
How do registration loans work in Az

Title Loans

A title loan is when you use the equity that you have in your vehicle, to get a loan on your clear title. The title must have no other lien holders.

The title is used as collateral to secure the title loan. Here at TFC Title Loans, we have the largest referral network, so we can help you where ever you live, we will be able to get you a local title loan today.

All of our referral partners are in compliance with the CFPB, so you know you will be getting a title loan company that you can trust.

As long as you have enough equity in your vehicle, we will be able to get you a title loan that will fit into your monthly budget. Contact us to see how we can help you.

Registration Loans And Title Loans

A registration loan, is an unsecured loan, as you do not have full ownership of your vehicle. Registration loans are not secured with the title of your vehicle.

For the lender, it is riskier, as there is no collateral securing the loan. They cannot repossess the vehicle if the borrower defaults. So they have to use collection services to collect if the client does not pay.

Registration loans will rely on credit checks with their underwriting. So the approval time can take longer as the underwriting process has no collateral to secure the loan.

With title loans, the underwriting process is fast, as the loan is secure with the title of the vehicle. With the title loans that we can provide, you will be able to get more money up to $50,000.

Our repayment terms can go up to 48 months, but on average it is 24 months. So you will have longer to repay the loan, so the payments will fit into your budget.

Title loans that we can help you with, have no prepayment penalties. So you can pay them off at any time, and they can give you flexibility.

With all of the registration loan lenders that we partner with , they are in compliance with the registration loan laws.

Getting A Title Loan

If you are in need of some fast money, getting a title loan will give you more money than a registration loan. Also, the interest rate will be lower, and you will have longer to repay it.

If you are interested in getting a title loan you can contact us with our online Arizona title loans application, or you can call us, one of our experienced loan officers will help you.

The items that you will need;

A vehicle that has enough equity in it, with a clear title, and in your name.

Your driver’s license

Proof of income.

Your proof of residence.

5 personal references.

Photos of the Vehicle

Here at TFC Title Loans, we have been helping people get the money that they need by using the equity that they have in their vehicles since 1994.

Contact us today we are here to help you if you are considering getting a registration loan. Your vehicle is paid off, you will get better terms with a car title loan. If your vehicle is not paid off and you do not have the required equity in it, a registration loan might be the better fit for you.

Agents car registration loans Arizona
Get you registration loan in Arizona

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DISCLAIMER: As our policy to make sure you know what we do and what are our limitations, we offer you these disclaimers. We are NOT A LENDER and we do not make short term cash loans or credit decisions. We are a referral service and work only with licensed lenders/brokers.

We may act as the broker for the loan and may not be the direct lender. Loan proceeds are intended primarily for personal, family and household purposes. We do not offer or service student loans.

*Loan amounts by the lenders vary based on your vehicle and your ability to repay the loan.

*Since we do not lend money directly we cannot offer you a solicitation for a loan, except in the state of California. In all other serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans and Auto Title Loans are not available in all states and all areas.

*Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan.

*All lenders are responsible for their own interest rates and payment terms. TFC Title Loans has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

*The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you.Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically larger loans or higher risk loans use a GPS.

*In some circumstances faxing may be required. Use of your cell phone to receive updates is optional.

*Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

*Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

*Trading Financial Credit, LLC dba TFC Title Loans, Car Title Loans California, Dineromax. If you are using a screen reader and are having problems using this website, please give us a call at 1-844-242-3543 for immediate assistance.

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