Can You Get a Payday Loan When You Already Have a Title Loan in Texas?
May 29, 2020 | By Peyton Sawyer
Life can be unpredictable. Anticipating an unexpected expense at one point or another should be a general rule of thumb. The trick is being prepared for the emergency before it happens. Being prepared can be difficult, not knowing when or how the emergency will hit, we are still advised to be ready. While you may have started an emergency fund, you will never really know how much it should consist of. Financial experts have recommended three to six months of expenses, but is that enough? If not, you may have used a title loan to grab the extra cash you needed, but was it enough? Or do you still need help with another fast loans option, such as a payday loan. The question is…can you get a payday when you already have a title loan?
First let’s define your fast loans lending options before moving on. It’s important to understand the options before entering into any financial agreement.
Considering Your Lending Options
There are several lending options available that can help you handle your cash emergency. The lending option that is the right for you will depend on the type of emergency that you are experiencing. Whether you are considering a title loan or payday loan, taking the time to know how they work, what they offer, and if you can have both loans at the same time is important.
What is a Title Loan?
A title loan is a short-term loan option that requires collateral, in the form of a motor vehicle. This type of loan can be used as an alternative to a traditional loan from your banking institution. Title loans have become increasingly more popular because they welcome all credit for approval and can provide the cash you need the same day you need it, without a stringent process.
At Texas Car Title and Payday Loan Services, Inc., you can get a quick cash title loan for any reason, just by providing a few simple requirements. Those requirements include; an owned vehicle, a lien-free title to that vehicle, a valid driver’s license or state issued ID, and a quick vehicle inspection to determine the vehicle’s value.
Title Loan Requirements in Texas
- Driver's License or State Issued I.D.
- Lien-Free Title to Your Vehicle
- Proof of Income
- Your Vehicle for Inspection
How a Title Loan Works
You can receive a Texas title loan one of two ways. The first, is to visit a Texas Car Title and Payday Loan Services, Inc. store location in your area to complete the title loan process. The second, is by requesting a representative to come to you. That’s right! You can request that a representative come to you to complete the application process. Either way, complete and submit the easy online request form to get the process started from the comfort of your home.
What is A Payday loan?
A payday loan is a short-term loan that can help you cover immediate cash needs until you get your next paycheck. Qualifying for a payday loan can be a great way to address a cash emergency, and so much more.
Payday Loan Requirements in Texas
- Most Recent Pay stub and proof of ability to repay the loan
- Driver's License or State Issued I.D.
- A Blank Check from the Active Checking Account in your name
How A Payday Loan Works
Bridging the gap between paychecks is easy with the help of a payday loan. You can get this type of loan at Texas Car Title and Payday Loan Services, Inc. with the over the phone approval process in as little as 30 minutes. This process allows you access to the speedy cash you need without the stress of a traditional bank loan. If you are worried about bad credit, it is no problem! You can still get a payday loan.
Getting a Payday Loan When You Are Still Paying Your Title Loan
In most cases, you cannot access payday loan cash when you already have a title loan, but you should contact your lender for more information. With the extensive network of convenient locations, you should not have a problem contacting a Texas Car Title and Payday Loan Services, Inc. representative offering services near you.