The first thing that you need to do to get a title loan Chandler is to check with your chosen lender for the specific requirements of getting one. Many of them will have a specific section of their website dedicated to what you need to do to apply. This will usually include an online application where you can fill out all the necessary details such as the year, make, and model of your vehicle. You will also need to provide proof of income and a checking account. Some lenders may require additional documentation such as a list of references or an appraisal of your car, but this varies from lender to lender.

Exploring the Pros and Cons of Title Loans in Chandler

Once the requirements are met, the lender will then run a credit check to determine your credit history and whether you can afford the repayments. This step is important because if you fail to meet the terms of your contract, then the lender can seize your vehicle. They can even place a GPS device in your vehicle that will prevent it from starting, which is why McClary suggests you always consider other forms of credit before applying for this type of loan.

Another thing to keep in mind when applying for a title loan is that the lender will take your vehicle as collateral to secure the loan. You will be able to drive your car as normal while you repay the loan, but the lien that is placed on your vehicle will remain in effect until it is paid off.