Can I Really Get Loans For Credit Score Under 500 In Texas?
If you’re wondering whether you can get loans with a credit score under 500, the good news is that options are available, even in today’s tough economic climate. Whether it’s emergency home repairs, unexpected medical bills, or other urgent expenses, loans for bad credit in TX can provide much-needed relief.
At Texas Car Title and Payday Loan Services, Inc., we offer three types of loans that may suit your needs, including title loans, payday loans, and installment loans. Read on to learn more about these options and how you can start the process today.
Explore These Loans in Texas for Credit Scores Under 500
As we said, we here at Texas Car Title and Payday Loan Services Inc. are fully equipped to help you find loans for credit score under 500. We have three different options of loans you can choose from including title loans, payday loans, and installment loans. The type you apply for depends on your situation and how much money you need. And, of course, each of these loans comes with its own loan terms that you need to know. Here is more information about each of the loans.
Auto Title Loans
The first option when you are looking at loans for credit score under 500 is a title loan. With this loan from us, you can get a maximum of $15,000 by using your vehicle’s lien-free title as collateral. How it works is we place a lien on your vehicle’s title until you pay it off fully. This doesn’t mean, however, that we will take possession of your vehicle. We are using the title as collateral, not the vehicle itself. This means you can keep driving while you repay the loan.
Find out how auto title loans work.
Payday Loans
The next loan we offer is a payday loan. With this loan, you can qualify for anything between $100 to $1,200. This loan acts as a way to bridge the gap between pay periods when you have an emergency that can’t wait for your next paycheck. Instead of using anything as collateral, we base whether you qualify for approval on your financial situation and your income. This means you need to show proof of your income when you come in.
Installment Loans
The last kind of loan on the list of loans for credit score under 500 is a signature installment loan. With this loan, you can qualify for anything between $100 to $1,500. Like our payday loans, this loan does not require you to show us any kind of collateral. Instead, we use your creditworthiness and your financial situation to determine if you qualify for approval. This does mean that we have to run a quick credit check before we can make any decisions.
How to Apply for Loans for Credit Scores Under 500
Getting started with any of these loans is straightforward:
- Fill Out the Online Form: Choose the loan type and submit your basic information on the online form on our website.
- Talk to a Loan Representative: A representative will contact you to set up an appointment.
- Meet and Submit Documents: Bring the required items to a nearby store or meet us at a location you’re comfortable with.
- Complete the Process: After reviewing your documents and eligibility, you’ll receive your funds the same day or the next business day.
Why Choose Texas Car Title and Payday Loan Services, Inc.?
We understand the challenges of securing loans with poor credit, which is why we strive to make the process as simple and fast as possible. Here’s what sets us apart:
- Fast Approval: Receive funds in as little as 30 minutes.
- No Collateral Needed (Payday and Installment Loans): Only title loans require collateral.
- Flexibility: Choose from multiple loan types to suit your needs.
Take Action Today
You don't have to continue to worry about the unexpected expense you have and where you are going to get the money to pay for them. We here at Texas Car Title and Payday Loan Services, Inc. have options for you. You just need to decide which of the loans for credit score under 500 will suit your needs. Filling out the online form doesn't obligate you to a loan, but it could be the beginning of finding out how much you qualify for if you are approved. So don’t hesitate and start 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.