How Old Do You Have To Be To Apply For Texas Title Loans?

Are you in need of quick cash without dipping into your savings account? Texas title loans might be the right option for you. Before applying, you need to understand the age and legal requirements. You may be surprised to learn that the minimum age requirement for car equity loans in Texas is 18 years old.

If meet the legal age requirement, you can easily apply for a title loan with us at Texas Car Title and Payday Loan Services, Inc., as long as you own a car with a clear title in your name. Title loan eligibility is a straightforward process to determine if you qualify for approval! In this article, we will help you understand the legal requirements, starting with the age requirement.

Learning The Age Requirement For Title Loan Eligibility

In Texas, the minimum age requirement to apply for a title loan is 18 years old. Borrowers must be legally able to enter into a contract, and reputable title loan lenders, like us, are required to verify your age using a driver's license or another government-issued ID, such as a passport. If you’re under 18, you'll need a legal adult to take out these short-term cash loans in their name.

If you are a legal adult, you can proceed with the simple process. However, it’s important to be aware of the responsibilities that come with borrowing money. Carefully consider your options and make an informed decision before taking out any loan. You will also need to provide proof of income and other necessary requirements to determine if you qualify for approval.

Weighing The Pros And Cons Of A Vehicle Collateral Loan

It's important to know that Texas title loans can be a quick way to get cash when you need it, and they may be a good option if you have poor credit or can't get approved for a traditional loan. Additionally, title loans can be useful if you need money for an emergency or unexpected expense. For example, you may need quick cash to fix your car, pay a bill, or travel for an emergency. Title loans can also be a way to help you handle late utility bills or rent payments. 

However, it's important to remember that failure to repay the loan can greatly impact your life. It's essential to know the terms of your loan agreement and to pay the loan back as agreed to avoid any negative outcomes. We make sure to detail the terms in your loan paperwork, so make sure to refer back to those papers if you are unsure of anything. You can also always give us a call or even chat with us right online through our website if you have any questions. Or look at our Texas title loans FAQ page for help.

Know The Auto Title Loan Process

Now that you know you must be 18 or older to get a Texas title loan, you might feel ready to proceed. But before you do, it’s important to understand the process. Knowing the process will help you prepare before visiting us.

You’ll use your vehicle’s title as collateral for the loan, so ensure your title is free of any outstanding liens and in your name before you visit us. Besides your title and your driver’s license or state-issued photo ID, we’ll need to inspect your vehicle to determine how much we can lend you. Once you have these items, you can apply online or directly in the store.

If you decide to apply online, fill out the online form on our website and wait for a title loan professional to call you. When you receive the call, you can schedule your vehicle inspection with the title lender at one of the nearest title loan store locations or another convenient location.

Submit Your Texas Title Loans Inquiry Form Now To Get An Emergency Cash Loan Today!

If you’re over 18 and own a car with the title in your name, you can apply for a vehicle collateral loan in Texas with us quickly and easily. At Texas Car Title and Payday Loan Services, Inc., we pride ourselves on exceptional customer service so you can be sure that you get the assistance you need with your cash emergency.

To get started now, be sure you have the easy personal requirements and you are a legal adult, and we will help you through the auto title loan process. Call 1-800-227-4707 to apply over the phone with a friendly representative or fill out the online application on our website now. 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.