What Do You Need for Bad Credit Auto Title Loans in Texas?

In times of urgent financial need, an auto title loan can provide fast access to cash. At Texas Title and Payday Loan Services, Inc., we offer bad credit auto title loans up to $15,000. These loans are designed for those with less-than-perfect credit scores and can help you cover emergencies like high energy bills, missed mortgage or rent payments, and medical expenses. Here’s what you need to qualify for a bad credit auto title loan in Texas.

The Necessary Items For Acquiring Bad Credit Auto Title Loans In Texas

Before reading about the requirements, consider whether you truly need a title loan. Knowing your reason for borrowing and the exact amount you need can help you avoid unnecessary debt. 

There's no point paying back a large figure if borrowing the excess wasn't needed to fund your urgent scenario. If you don't know how much money you need to cover your emergency, spend the extra time calculating it. Once you know the exact figure, you can consider whether applying for this loan will actually help you or not. Here are the four essential items required:

1. Your Identification

This requirement is no different than loans from traditional lending institutions like banks or credit unions. You simply can't borrow money without supplying a valid (in other words, in date) form of state-issued identification. Whichever document you decide to use, it needs to show your full name (as it's written on your birth certificate), date of birth (to prove that you're over 18 years old), and your photo (so we can put a face to the name). You can use your driver’s license or another form of ID.

2. Your Proof Of Income

You should know that you don't need to have a good credit score to get a title loan in Texas. After all, they're designed for borrowers without completely positive financial backgrounds. However, we said earlier that you still need to prove you can repay it — and having proof of your income is how you do it. Typically, your proof of income will be your most recent pay stub. That said, you can still qualify if you don't have that. You might be able to supply the following documents to satisfy this requirement:

• Social Security benefits
• Inheritance money
• Trust funds
• Workers compensation
• Severance payments
• Court-ordered monetary settlement

Notice how we said “might be able”, this is because we recommend you give us a call before you decide to bring in one of these other documents. While you can supply other forms of income if you don’t have your most recent pay stub, you should still call us and let us go over your other options. We would hate for you to make it all the way to the in-person vehicle inspection, just to have the process end because you brought the wrong proof for bad credit auto title loans in Texas.

3. Your Vehicle Title

Getting bad credit auto title loans in Texas requires you to use your lien-free vehicle title as collateral to secure the money. In this case, we only work with lien-free vehicle titles, so check to make sure your title is free of any outstanding liens or judgments before beginning the process. Lien-free titles confirm that you don't have anything left to pay relating to your vehicle. Therefore, we can insert a lien on to it without setbacks to secure your loan. 

4. Your Vehicle

Finally, you must allow us to look at your vehicle. We use this to establish how much we can lend you — which can be anything up to $15,000. Please keep in mind that we only accept pickup trucks, cars, or vans; other modes of transportation aren't permitted. Unbeknownst to what you may think, we won't ask to keep your vehicle while you repay the loan. We just need to assess its value to figure out how much we can lend you. We calculate the value based on a myriad of factors, including:

• Its age
• Its odometer reading
• Its make and model
• Its service history
• Its condition

Get Bad Credit Auto Title Loans In Texas Right Here, Right Now!

You only need these four items to acquire bad credit auto title loans in Texas from Texas Title and Payday Loan Services, Inc. With this information, you’re well-prepared for the in-person vehicle inspection. Start the process by filling out our online form, and we'll be in touch to help with the rest.

 

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