How Disability Loans Are Helping Disabled Veterans

March 3, 2022 | Peyton Sawyer

disability loans help veterans

Disabled veterans in Texas and the entire nation are getting help with disability loans. Surprisingly, these loans are helping out the veterans in more ways than initially anticipated.

These loans can come in different forms and sizes, but their usage is usually targeted at things veterans need to maintain their way of life. Two of these loans that are available in Texas are online car title loans and payday loans.

What Are Disability Loans?

A disability loan is a type of personal loan. Veterans in Texas can use this loan to pay for any necessary expenses, including mortgage payments, bills, and groceries. What makes disability loans different from other loan types is that a person can apply for the loan, even if their injury renders them unable to work.

Wounded veterans can still even qualify for disability benefits, meaning veterans can get the help they need from a disability loan without taking away their benefits.

How Disability Loans Help Disabled Veterans In Texas?

Because of the nature of the disability loans, they're helping disabled veterans pay for necessary expenses, even if they have no employment and they qualify for disability.

For example, many disabled veterans are unable to have a job and qualify for disability instead. Although this may be enough to cover living expenses in some circumstances, these veterans can find themselves unable to pay their mortgage, rent, utilities, grocery bills, or even medical bills if another emergency or unforeseen situation pops up.

When this happens, veterans may, unfortunately, be unable to qualify for traditional bank loans, since banks often require extensive documentation of income and credit to grant a loan for the emergency situation or the necessary expenses impacted by the situation.

Luckily, disability loans do not require proof of income in order to qualify. In fact, some of them do not even consider credit scores, and you can qualify without impacting your disability. This means that veterans can get access to these loans when a need.

Hence, disability loans are helping disabled veterans pay for food, housing, emergency expenses, medical expenses, and other emergency situations.

what loan options to consider

What Disability Loans Could Be Considered?

Because disability loans are personal loans, there are different loan types that can technically count as disability loans. For example, Texas car title loans and payday loans are two options that don't depend on regular employment.

Between these two loan types, title loans can be used by disabled veterans to potentially get a larger sum of money. The reason for this is that the loan amount is dependent on your vehicle's value, and you only have to have some proof of income. In most cases, disability counts.

Another major reason why disabled veterans may choose title loans is that they can apply for these loan types online. For many disabled individuals, it can be difficult to get to and from storefront locations to get the items they need. Because of the ability to apply online when getting title loans in Texas, title loans can be very convenient for veterans.

If approved for title loans, individuals can get up to $15,000, based on the value of their vehicle. They can even get the money quickly. The in-person process can take as little as 30 minutes to finish, and they can get their money as soon as the same day or the next business day.

Is It Safe To Apply For Car Title Loans Online?

Yes. It is safe to apply for title loans online. In order for a lender such as Texas Car Title and Payday Loan Services, Inc. to offer this service, we are required by law to protect our site with top encryption technology to ensure confidential information is protected from leaks or hackers. So, you don't have anything to worry about concerning safety when applying for car title loans online.

How Do I Get My Vehicle Evaluated?

Because the amount of your loan is dependent on the value of your vehicle, your vehicle must be evaluated. For convenience, Texas Car Title and Payday Loan Services, Inc. allows you to determine where this evaluation takes place.

What this means is that you can come to one of our locations, or we can come to a location of your choice. This feature is convenient for disabled veterans because it means that they can get their vehicle evaluated from their homes. This further increases the convenience of title loans for disabled veterans or those on disability.

title loans in texas

How To Apply For Online Car Title Loans

In order to start the process for online car title loans from Texas Car Title and Payday Loan Services, Inc., simply fill out and submit the form for title loans in Texas. After you send in this inquiry form, a representative will call you to walk you through the rest of the process and set up an evaluation time for your vehicle.

Qualify For An Online Car Title Loan Today!

Disability loans are helping disabled veterans pay for necessary bills and expenses. If a disability loan sounds like an option you’d like to use, you can get started by filling out and submitting the online form. We look forward to speaking with you shortly to help you get the disability loan you need 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.