What Alternatives Are There For An Auto Cash Title Loan?

An auto cash title loan is a way to raise emergency money when you have no other options. However, an auto title loan requires you to own a car with a lien-free title to use as collateral. What do you do if you don’t own your car? What are your other emergency loan options?

The good news is that we here at Texas Car Title and Payday Loan Services, Inc., offer two title loan alternatives when you can’t qualify for our car title loans. So, read this article to learn about our other loans right now.

Look To These Title Loan Alternatives

Payday Loans

An auto cash title loan is usually used to borrow larger sums of money for a financial emergency, like medical bills or extensive car or house repairs, because you can get up to $15,000 with us. However, if you just need a few hundred dollars to cover some emergency expenses before your next paycheck, then a payday loan is a good alternative. You can get anything between $100 to $1,200, and the process is just as fast and convenient with us as an auto title loan.

Requirements

When it comes to our cash advance payday loans, we don’t require you to bring in a lot of items for us to tell you if you qualify for approval. In fact, you just have to present your most recent pay stub, which serves as proof of your income and ability to repay the loan if we decide you qualify for approval. You will also need to have a driver’s license or state-issued photo ID and a blank check from a checking account that is under your name.

Benefits

When it comes to getting these quick cash loans over an auto cash title loan, there are certain benefits you need to know about. Knowing about these benefits can help your decision be a little bit clearer for you and your situation. So, when it comes to our cash payday loans, there are the advantages you’ll enjoy at Texas Car Title and Payday Loan Services, Inc. if you get one right now:

• No credit score requirements. You can apply even if you have bad credit or have not been able to establish a long credit history.
• No collateral. Unlike the auto cash title loan, you don’t have to provide security for your loan.
• Fast payout. If we decide you qualify for approval and you fill out all the paperwork, you can get the money either on the same day or the next bank business day.

You Should Only Use This Loan For Certain Situations

As convenient as this loan may sound, this does not mean you should get it for just any situation. You need to remember that this loan was designed to help with emergencies. That means you should not get this loan for frivolous spending. And since all of our loans were designed for emergencies, here are some more specific circumstances that make this loan a good alternative to title loans, or title loans:

• You don’t have a car with a car title to use.
• You would prefer not to use any collateral to get a loan.
• You only need to borrow a small amount of money.

Installment Loans

The thing about a payday loan is it is usually paid in one lump sum when your next paycheck comes in. However, if you prefer to have more time to pay back your loan, then you can consider an installment loan as an alternative to a car title loan. With installment loans, you pay the loan amount over a set period through smaller, regularly scheduled payments. Through us, you can qualify for anything between $100 to $1,500.

Requirements

Much like our auto title loan and our payday loan, there isn’t a long list of required items when you come to Texas Car Title and Payday Loan Services, Inc. for a signature installment loan. In fact, you just need to have proof of income in the form of your most recent pay stub, a valid state-issued photo ID or a driver’s license, and a recent statement from a checking account that is under your name.

Benefits

When it comes to getting this kind of loan over an auto title loan or a payday loan, there are certain benefits you should know. These benefits are what set our installment loans apart from our other two loans. So, when it comes to our cash signature installment loans, here are the advantages you’ll enjoy at Texas Car Title and Payday Loan Services, Inc. if you get one of these emergency cash loans for your urgent expenses:

• Easier payments. The longer repayment schedule gives you time to raise money and plan your budget.
• Flexible credit requirements. While we will check your credit history, rest assured that you don’t have to have a perfect credit score to apply.
• No collateral. You can apply for installment loans even if you don’t have a car or any property that you can use as security.
• We welcome all credit types to apply, so whether you have good credit or bad credit, you can still qualify for one of these emergency cash loans.

You Should Only Use This Loan For Certain Situations

As we said about our payday loans, our installment loans were designed for emergency expenses. So, again, this means you should not get this loan if you plan on using it for things like shopping sprees or to travel while on vacation. Instead, use these emergency cash loans for things like overdue bills or medical expenses. And if you want to get specific, here are a few specific situations that make our installment loans a good alternative to our title loans:

• You want more time to pay back the loan.
• You don’t have a car.
• You don’t need to borrow a large amount of money.

Get Alternative Financing Today For Your Cash Emergency!

Now that you know about the two title loan alternatives we have at Texas Car Title and Payday Loan Services, Inc., all that’s left is for you to make your decision. When you know you can’t qualify for our auto cash title loan, go for either our payday loan or installment loan to help you handle your emergency expenses.

So, when you’ve decided which of the quick cash loans you want, just go to our website and fill out the online form for the alternative financing option that works best for you. Our customer service agents are waiting to call you today! 

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