What Alternatives Are There For An Auto Cash Title Pawn?

An auto cash title pawn is a way to raise emergency money when you have no other options. However, an auto title pawn 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 we here at Texas Car Title and Payday Loan Services, Inc. offer two other loans when you can’t qualify for our auto title loans. So, read this article to learn about our other loans right now.

Look To These Title Pawn Alternatives

Payday loans

An auto cash title pawn 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 pawn.

Requirements

When it comes to our payday loans, we don’t make you 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 this kind of loan over an auto cash title pawn, there are certain benefits you need to know about. Knowing about these benefits can help your decision be a little bit more clear 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 pawn, 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 emergency situations. That means you should definitely 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 pawns – 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 an auto cash title pawn. With installment loans, you pay the loan amount over a set period of time through smaller, regularly scheduled payments. Through us, you can qualify for anything between $100 to $1,500.

Requirements

Much like our auto title pawn 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 cash title pawn 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 for your emergency 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 in order 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.

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 it for things like overdue bills or medical expenses. And if you really 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 Emergency Money Now

Now that you know about the two 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 pawn, go for either our payday loan or installment loan to help you handle your emergency expenses. So, when you’ve decided which on you want, just go to our website and fill out the online form for either loan.

 

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