What Are The Differences Between Title Loans & Registration Loans?
Title Loans vs Registration Loans: How Do You Know Which One Is Best For You?
Almost everyone has had to deal with unexpected emergencies or changes in plans that leave them short of cash or unable to make it to payday. When these unfortunate events happen, what options do you have? One of the best solutions is a registration or title loan. Application is fast and easy, and you’ll have cash in hand in as little as half an hour!
But what are the differences between title loans and registration loans, and how do you know which one is best for you?
What Is a Registration Loan?
A registration loan is a type of loan that you can get from your Henderson title loan center that uses your vehicle’s registration as collateral. While a title loan is for people who own their vehicle outright, registration loans are for people who are making payments on their vehicle loan.
While you have a registration loan on your vehicle, you can keep driving it while you’re making payments. You’ll be able to choose from a variety of flexible repayment options and can even pay off the loan early without the risk of penalties or added fees. Plus, there is no credit check required, so even if you have bad credit, you can still apply for a registration loan from your Paradise title loan company.
The application process for a registration loan in Nevada can be done online or over the phone. It’s quick and easy. If you’re approved, you’ll have cash in hand right away!
How Do I Apply For a Registration Loan?
To apply for a registration loan, you’ll need some basic paperwork:
- Current registration documents for your vehicle, issued in the state of Nevada
- A recent bank statement
- Proof of income, such as a recent pay stub, Social Security statement, or pension statement
- Valid photo ID
- Proof of Nevada residencies, such as a utility bill or lease agreement
To apply for a registration loan in Nevada, you must be at least 18 years of age. You’ll need to provide photos of your vehicle as requested by the title loan representative or bring it in for an inspection to verify its condition. Once you’re approved, you can get cash immediately and will be able to keep driving your vehicle.
What Is a Title Loan?
If a registration loan isn’t what you’re looking for, a Summerlin auto title loan might be just right. Title loans are a better choice for people who own their vehicle outright. Because your vehicle is the collateral on the loan, you’ll often qualify for a higher loan amount than you would with a registration loan.
Like a registration loan, there is no credit check involved with a title loan, making it a great option for people who don’t have perfect credit. You can keep using your vehicle while you make the payments on the loan, and will be able to choose affordable repayment options without any penalties for early repayment.
What Do I Need When I Apply For a Title Loan?
The requirements for applying for a title loan are similar to a registration loan. You’ll need to provide:
- The current title for the vehicle, issued in the state of Nevada and your name
- Proof of income
- Valid photo ID
- Proof of Nevada residency
You must be at least 18 years of age to apply and will need to own your vehicle to qualify for a Henderson online title loan. Your loan representative will request specific pictures of your vehicle or ask you to bring it in for an inspection.
Is a Registration Loan Or a Title Loan Right For Me?
If you’re facing an unexpected situation that requires extra cash and you can’t make it to your next payday, registration or title loans can provide the solution needed. Both types of loans have similar terms and requirements, although you’ll probably be able to get more cash with a title loan.
If you are making payments on your vehicle, consider a registration loan. If you own your vehicle outright, a title loan may be a better choice. Either type of loan can help you make ends meet when life throws a wrench into your plans and you need cash right away.
Apply For The Best Title Loan In Las Vegas
If you have a vehicle in your name and are wondering how to get fast cash even without good credit, apply for a registration or title loan through Title Loans 365. We have some of the best loan terms in Nevada and offer a convenient online application that will give you a response within minutes! We are here to help you get through a tough situation. Get in touch with our friendly representatives today!
TITLE LOANS 365
1810 E Sahara Ave #391
Las Vegas, NV 89104
5550 Painted Mirage Rd #320-A19
Las Vegas, NV 89149