Money Now Title Loans In Mesa Arizona Is Under New Management

MESA, Ariz. - July 19, 2013 - PRLog -- In fact, Money Now and its new owners realize that the economy continues to be tough on many working families. While some economic experts say that the economy is improving, regular working people now that prices for housing, groceries, utilities, and other necessities remain extremely high. Many people’s paychecks no longer cover the basics. When they need extra cash in their bank accounts, Money Now can provide financing to help people buy what they need to survive and have an extra financial cushion in their checking or savings accounts. http://moneynowtitleloans.com/auto-title-loans-arizona/ (http://www.google.com/url?q=http://moneynowtitleloans.com/auto-title-loans-arizona/&usd=2&usg=ALhdy2_WAHfmHGVaivUO514-IydNc1Qz6w)

Being approved for financing from this business is easy. Using the title to their car, truck, quad vehicle, RV, or other vehicle that has a title to it, clients can apply for a loan and be approved in minutes. This option helps out people who cannot take out an equity loan on their houses or qualify for a loan through a bank or credit union. In fact, as the economy struggles to improve, many homeowners find themselves owing more money on their mortgages than what their houses are actually worth. Their negative equity bars them from taking out a loan or refinancing their homes. Likewise, banks and credit unions have significantly tightened their approval standards for traditional lending. Even people with stellar credit are turned down for bank loans if they do not have enough liquid assets or collateral. Rather than deal with the hassle of applying for a bank loan, only to be turned down because of these tightened standards, people can get the money they need by taking out a title loan on one of their vehicles. http://moneynowtitleloans.com/helpful-information-auto-ti... (http://www.google.com/url?q=http://moneynowtitleloans.com...)

While this process is easy, fast, and convenient, people should be aware that there are a few guidelines they must meet in order to qualify. For example, they should have either a clear title or enough equity in their vehicle to borrow against before they can take out a loan. A clear title means that they do not owe any money on the vehicle to a bank or finance company. If they do owe money on their vehicle loan, they should have at least $1000 in equity in that vehicle to borrow against for the title loan. People with equity to borrow against will take out a loan for the amount of the vehicle, with the remainder of the original auto loan being paid off by Money Now. Clients will then resume payments to Money Now instead of their original vehicle financier. Once the loan is paid in full, clients will have a free and clear title to their car, truck, or other vehicle.

During the term of the loan, a person does not have to relinquish the vehicle to the business. That person can drive his or her car as usual every day without having to leave it with Money Now or worry about restrictions put on the car’s use. However, clients do have to leave a second set of keys with Money Now, as well as provide some basic information about their vehicles, such as the make, model, year, and VIN.

Along with the vehicle’s information, a client will be expected to provide other details about himself or herself. When a person comes to the business to apply for a loan, he or she will be asked to provide a government issued ID, such as a driver’s license or state identification card. The person will also need to bring the title to the vehicle, as well as a second set of keys, proof of income and residence, proof of insurance, and the names and addresses of four references.

The approval process takes about 20 minutes; however, once a person is approved, he or she will be issued a check drawn on a local bank for the loan’s amount, or be issued a money card with that amount deposited on it. A client can choose which payment method that works best for him or her. A client also has a choice in how he or she would like to make payments on the loan. Money Now can accept money orders, personal checks, debit and credit card payments, and of course cash payments.

With a title loan from Money Now, under the leadership of Southwest Title Loans, people in Mesa Arizona can get the cash they need quickly. They can take advantage of this simple, fast, and convenient method of borrowing money they need to provide for their families and add cash to their budgets. http://moneynowtitleloans.com/mesa-title-loans/ (http://www.google.com/url?q=http://moneynowtitleloans.com...)