Short Term APR
The Annual Percentage Rate will be based on the amount of the loan.
As per Arizona 1Stop Titles Loans will not exceed that allowable APR, the allowable range is from 120%-204% APR (or 10%-17% Monthly Percentage Rate.)
Non-payment implications: 1Stop enters contractual short term loan agreements with their customers.
Financial implications: A late fee of 5% or $10.00 (whichever is less) is assessed to loans that are past due ten (10) days.
Collection Practices: it is 1Stop Title Loans objective to provide a loan that works within your financial needs. If for some unforeseen reason you are not able to make you payment, 1Stop will work with you to get back in good standings. We also work within the guidelines of the FDCPA.
Potential Credit Score Impact: 1Stop Title Loans does not currently report non-payment to the three credit agencies. However, if we are not able to get the loan repaid, and we file a suite in civil court and a judgment is obtained, this will become part of your credit history.
Renewal Policy Information: Short term loans are automatically renewed if not paid in full on the loan due date. transaction fee may be accessed
1Stop Title Loans offer short term loans design specifically to help consumers pay their loan off at their own pace.
1Stop always suggest paying even the slightest amount toward principle to help lower your loan amount.
At any time you can pay-off your entire loan with no pre-payment penalties.
Title Loans and Personal Registration Loans are only intended to meet short-term financial needs.
When compared to long-term interest rates which may be available to you by other lenders, these extremely high rates should caution you to not borrow for longer than what is absolutely necessary, and do not borrow more than you can afford to repay on your due day.