Title Loans: How to Get Cash in Texas When There’s Nowhere Else to Go
April 22, 2020 | By Peyton Sawyer
Are you short on cash? Is living from one paycheck to the next taking a toll on your finances? If so, you are like most people living in Texas and across the United States. With the lack of income, whether if it is from an increase in living expenses, an unexpected emergency, insufficient salary, or a job loss, the simple fact is that you need to find a way to adjust. Creating a better financial situation for yourself is imperative. Finding the cash you need, when there is nowhere else to go should be your first step.
Not Qualifying for Traditional Loans
Of course, the first thought and most common one is to apply for a loan at your local banking institution, but that may not be an option, for many reasons. A bank loan or traditional loan has the potential to offer you the best interest rates, but those rates do not apply to everyone. Qualifying for a good interest rate, or a bank loan at all, will require the borrower to have good to excellent credit, a lengthy and good credit history, collateral, and time to wait out the approval process. So many contingencies are associated with bank loan approval. Therefore, approval is difficult, and most often not likely. That’s right. If you are not able to meet the requirements, the bank will consider you high-risk and deny your loan request.
Finding Other Non-Traditional Lending Options
While you may think that you have nowhere else to go to get the cash you so desperately need, you are wrong. The stringent approval process enforced at the traditional level is not the same process at a non-traditional level. What does that mean? Traditional loans are not the only lending option in town. There are several alternative loan options that are available to you, such as; title loans. Getting approved for title loans online in Texas is actually quite simple. Unlike traditional banking institutions, non-traditional or alternative funding from a private lender can be done with ease the very same day you need cash. The requirements are easy, the approval process is quick, and all credit is welcome.
What Are Online Title Loans?
A title loan, also known as a car title loan, is a short-term loan that requires an asset to be used as collateral for approval. For this type of loan, the collateral used to secure cash is a vehicle, such as; a car, truck, SUV and motorcycle. So, if you own a vehicle with a lien-free title, you can use the value of that vehicle to receive immediate title loan cash. The title loans online option can provide the extra cash you need the very same day you need it, in just 30 minutes or less.
Qualifying for Title Loans in Texas
The growing popularity of title loans online is due to their easy approval process. Unlike traditional loans, all credit is welcome for this type of loan and cash can be received the same day you apply. As a bonus, you can also keep driving your vehicle while you make payments on the title loan cash you receive. That’s right! You are not required to turn over your vehicle for cash. Simply supply the Texas Car Title and Payday Loan Services, Inc. representative with your lien-free vehicle title in exchange for the title loan cash amount you are approved to receive.
The requirements needed for title loan approval are; a vehicle, a lien-free title, a valid driver’s license or state-issued ID, and a quick inspection to help determine the value of your vehicle.
How Can You Get Your Online Title Loan Cash?
Using the online option when requesting a title loan in TX provides you with the convenience of completing and submitting your information right from the comfort of your own home. There is no need to visit a Texas Car Title and Payday Loan Services, Inc. store when representatives are willing to come to you. All you need to do to get started is complete the online request form to receive a call back from one of the friendly store representatives. During the call, the representative will confirm the information you have provided, explain the requirements that are needed for approval, and set up a time to meet at a location of your choosing. It’s that simple.
You may also visit a Texas Car Title and Payday Loan Services, Inc. store location to request and complete the title loan process in person. It’s up to you.