Fast Auto Loans, Inc. Phoenix, AZ — Fast Auto Loans, Inc. offers title loans up to $15,000 and registration loans using vehicle collateral, with same-da...
Data compiled from public sources · Rating from CreditDoc methodology
Fast Auto Loans, Inc. is an Arizona-based title and registration loan lender operating multiple locations including Phoenix, Mesa, and Glendale. The company specializes in vehicle-collateral loans designed to provide emergency cash for unexpected expenses, medical bills, or urgent financial needs. They position themselves as a fast alternative to traditional lenders for consumers who need immediate funds.
The company offers two primary loan products: title loans ranging from $300 to $15,000 for borrowers with lien-free vehicles, and registration loans up to $2,500 for those with financed vehicles. Both loan types require no credit check, allow borrowers to keep and drive their vehicles during repayment, and feature expedited approval processes (often 30 minutes). The application process combines online submission with in-store completion, requiring vehicle inspection and standard documentation (driver's license, vehicle title or registration, and proof of income for registration loans).
Fast Auto Loans differentiates itself through local presence and accessibility—their Baseline Road location in Phoenix is positioned near major retail landmarks (Food City, Family Dollar) and serves South Phoenix communities. They emphasize quick approvals, friendly service from local specialists, and the ability to borrow against vehicles with outstanding loans (registration loans). Their website provides transparent FAQ sections and detailed process breakdowns, suggesting consumer education as a marketing priority.
However, the profile reveals critical limitations typical of title lending. The website does not disclose interest rates, fees, or repayment terms—essential information for consumers evaluating cost. Title loans inherently carry high risk of vehicle repossession if payments are missed, and the lack of rate transparency suggests potentially predatory pricing. Registration loans cap at $900-$2,500, limiting their utility for larger emergencies. No information is provided about APR, which typically ranges 100-300% for such products. The company's silence on rates and terms is the most significant consumer protection concern.
See which lenders actually approve borrowers with bad credit. We compared APRs, fees, minimum scores, and funding speed.
Yes. Fast Auto Loans, Inc. is a registered company, headquartered in Phoenix, AZ.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Fast Auto Loans is best for consumers with vehicle collateral and poor credit who need emergency cash within hours or days and can afford higher-than-standard interest rates. The critical caveat is that interest rates, APR, and fees are not disclosed on the website—prospective borrowers must contact the company directly to understand true cost before borrowing, and should carefully evaluate whether vehicle repossession risk justifies the speed and accessibility of these loans.
Georgia-based title loan lender offering same-day funding on vehicle collateral with no credit checks. Serves borrowers across multiple vehicle types with quick approval.
Best for: Vehicle owners with urgent cash needs and access to one of the two Georgia locations, Borrowers with poor or no credit history who cannot qualify for traditional loans
Omni Military Loans specializes in installment loans ($500-$10,000) for active duty and veteran military members, with terms up to 36 months and a 15-day satisfaction guarantee.
Best for: Active duty military members and veterans with limited credit history or poor credit scores, Service members needing rapid access to $500-$10,000 for emergency or PCS expenses
TitleMax Title Secured Loans Rock Hill, SC — TitleMax provides title-secured loans and personal loans with same-day cash approval at physical locations ...
Best for: Vehicle owners needing emergency cash within 24 hours with poor or no credit history, Consumers who prefer in-person service and staff interaction over online-only lenders
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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