Can I Get Installment Loans For Bad Credit In Texas?

If you're worried about your bad credit preventing you from getting a loan, there’s good news! Installment loans for bad credit are available in Texas from Texas Title and Payday Loan Services, Inc., with a fast and easy application process. In this post, we’ll cover how these loans work, the requirements, and what you need to know to get approved.

Can You Qualify for an Installment Loan With Bad Credit?

Yes, you can! While credit plays a role, it doesn’t mean automatic denial if you have a low score. As long as you meet other key requirements—such as proof of income, valid ID, and an active checking account—you’ll be considered for an installment loan.

Requirements For Getting Installment Loans With Bad Credit

Getting installment loans for bad credit is a quick and easy process, thanks to the easy requirements and fast processing times we’ve come up with. As long as you meet these requirements, you can continue applying for an installment loan despite having less-than-perfect or bad credit. Here are the requirements you must meet in order to find out if you can qualify for one of these loans with us:

1. Minimum age: First and foremost, you must be at least 18 years old when applying. It doesn’t matter if you’re just shy of that age, as you must be 18 when beginning the process.
2. Valid identification: Next, you’ll also need to provide valid identification. Your driver’s license will do, or you can use another state-issued photo ID instead.
3. Checking account: An active checking account is also required to apply for one of these loans. That account must be registered in your name if you’re going to use it for this reason.
4. Proof of income: Lastly, you must also be able to provide proof of income. More specifically, you must have your most recent pay stub with you to complete your application.

What Role Does Credit Play in Getting Installment Loans?

If you’ve noticed, we’ve said it isn’t “entirely impossible” to get a loan if you have poor credit. This all means that while you might not be automatically denied if you have poor credit, your credit does still play a significant role in the process. What we mean is we have to run a credit check before we can decide if you qualify for approval. This gives us a full picture of your income so we can see how much you can realistically repay if you are approved. So just remember that we will check your credit.

How Do I Apply For An Installment Loan?

Now that you know you can get installment loans for bad credit in Texas, it’s time to explore the easy process you must go through to do that with us. The good thing is we’ve made the process simple and quick for anyone to get through quickly so they can find out their chances of getting approved. In fact, all you have to do is follow a few steps! Here are the simple steps you’ll go through to obtain your installment loan:

• Submit the online form: To apply for an installment loan, the first step you can take is to fill out the online form. That form will request some of your basic details, like your name and contact information. Double-check that your details are accurate, then submit the form. After that, keep your phone nearby and wait for a call that’ll soon come in.
• Talk to a loan representative: Soon after that, you’ll get a call from a loan representative from the nearest Texas store location. They will help you understand what you need to prepare to complete your loan application. Simultaneously, they’ll also help answer any question you might have and clear anything you’re not sure about.
• Meet the loan representative: As part of the application process, you’ll bring the necessary documents and meet the loan representative in person at the store. They’ll go through your documents and ensure everything is in order, and even help you finish some simple paperwork to finalize your application. Again, you can use the face-to-face meeting as an opportunity to clear up anything you’re not sure about.
• Wait for a decision: Once you complete your application, you only need to wait a while before getting your decision. In other words, it won’t take long before you find out whether or not you qualify for the loan and how much you qualify to borrow. With an installment loan, you could qualify to borrow anywhere from $100 to $1,500.
• Get your money!: If you get approved, you can receive your money as early as the same day of your application or by the next business day. Then, you can use the money for whatever you might need to. For example, borrowers use these loans to pay for emergency medical bills, urgent repairs, and so much more.

The Role of Credit in the Loan Process

Even though credit is a factor, having bad credit won’t automatically disqualify you. At Texas Title And Payday Loan Services, Inc., we’ll review your income, which helps determine your loan amount and repayment plan. This way, you can still get approved for a loan even if your credit isn’t perfect.

Frequently Asked Questions About Installment Loans for Bad Credit

• Can I Get Approved with Bad Credit?
  Yes, installment loans are designed for individuals with bad credit, provided you meet the other criteria.

• How Much Can I Borrow?
  Depending on your eligibility, you can borrow anywhere from $100 to $1,500.

• What Can I Use the Loan For?
  You can use the loan for any urgent financial needs, such as medical bills or car repairs.

Get Started With Your Installment Loan Today!

Don’t let bad credit stop you from handling your financial needs. At Texas Title And Payday Loan Services, Inc., we’ve made it simple for you to apply and get approved quickly. Take the first step now by filling out the online form, and one of our loan representatives will guide you through the process.

 

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