Can I get a registration loan with bad credit?

What if I have bad credit, can I still get a registration loan from Cash Time? Yes, bad credit or no credit is OK.

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Accordingly, are registration loans legal in Arizona?

Registration loans are a type of financial instrument unique to the State of Arizona. … The state law allows for a single borrower to have up to five registration loans at any one time.

Considering this, can you get a title loan with the registration? A registration loan is simply a loan you can take out where you use the registration on your car as collateral. … The good news is that if you get a registration loan through 1 Stop Title Loans and Motor Vehicle Services, you get to keep driving your car while you make the payments on your loan.

Correspondingly, how many registration loans can you have in Arizona?

five registration loans

What do I need for a registration loan in Arizona?

To apply for a registration loan in-store in Arizona, you will need the following:

  1. Name.
  2. Address.
  3. Phone number.
  4. Your valid vehicle registration.
  5. Valid, government-issued ID.
  6. Proof of a steady source of recurring income, such as employment, disability, retirement, self-employment, or another income source.

What happens if you default on a registration loan in Arizona?

In Arizona, there is only security on a title. You can’t secure a loan to a car’s registration. Typically, if you default on a Registration loan, the lender will sue you in court in attempt to recoup their money. If the lender obtains a judgment, then they can look at wage garnishment or bank levy.

What’s the difference between a registration loan and a title loan?

The main difference between the two is that a title loan is secured by the borrower’s vehicle title and registration loans are secured by the borrower’s vehicle registration. … If you’ve ever been in a situation where you need a quick sum of money for a short period, a title loan is a fast and convenient solution.

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