Fast and easy automobile and motorcycle title loan process
Cash Back Title Loans | How Automobile Title Loan process works
Once you and Cash Back Title Loans have arrived at a loan amount based on the wholesale value of your car, you will sign loan documents prepared in accordance with Arizona regulations governing Arizona Secondary Automobile Finance Transactions (Arizona Statute). The terms of the statute are available here, and a copy of those regulations is available in our office. Whether or not you read the regulations, you should read the loan agreement and have all your questions answered thoroughly before you sign.
During the term of the contract, you must continue to pay auto license fees and maintenance. We also require that you maintain Arizona State minimum liability insurance, and depending on the loan amount, we may require comprehensive insurance as well. Cash Back Title Loans will be named as the policy loss payee. Cash Back Title Loans allows a 3 day "grace period" for payments. If your payment is not received within 3 days of the due date, your account will be in default status. We will add a late fee for payments received more than 10 days after the due date. Statements will be mailed prior to each payment, but if you do not receive one, it is your responsibility to make sure the payment is on time.When the loan documents are completed, you will be given a complete copy of everything you signed. Using one of the Power of Attorney documents you will sign, Cash Back Title Loans will be placed onto the vehicle title as a lien holder. Cash Back Title Loans will retain the lien documents until the loan has been paid off, at which time the documents will be notarized to reflect satisfaction of the lien, and they will be mailed to you.
In order to process your application, Cash Back Title Loans may verify information you have provided us. You will be asked to authorize Cash Back Title Loans and/or its representatives to contact persons listed in that application including, but not limited to personal references, employer, landlord, or mortgage company, and credit reporting companies.
