When an unexpected expense shows up, a Texas title loan can offer a fast source of cash. At Texas Car Title and Payday Loan Services, Inc., loan amounts can reach up to $15,000, depending on your vehicle and a few key factors.
If you’re wondering how much you might qualify for, here’s a clear breakdown of what determines your loan amount and how the process works from start to finish.
How Much Can You Get With A Texas Title Loan?
A Texas title loan is a secured loan that uses your lien-free vehicle title as collateral. You keep driving your vehicle as usual throughout the repayment period, which makes this option useful for emergencies where you can’t afford to lose transportation.
What Determines Your Title Loan Amount?
Your loan amount is based mainly on the value and condition of your vehicle. During the inspection, the loan representative checks your car and compares its details to a national pricing guide.
Here are the biggest factors that influence your approved amount:
- Vehicle age
- Make and model
- Mileage
- Overall condition
- Any major cosmetic or mechanical issues
While you can’t control things like age or mileage, you can take steps to improve your vehicle’s condition. Handling any major repairs or simple maintenance before inspection can help you qualify for a higher loan amount.
Smart Ways To Use A Texas Title Loan
Even though you may qualify for a significant amount, title loans are designed for urgent expenses, not everyday spending. Responsible borrowing means using this loan only for situations such as:
- Emergency medical costs
- Behind-schedule utility bills
- Rent or mortgage shortages
- Urgent travel
- Unexpected home or vehicle repairs
Using the loan for these time-sensitive needs can help prevent bigger financial issues down the road.
What Are the Requirements for a Texas Title Loan?
If you’re thinking about applying, here’s what you’ll need:
- A clear (lien-free) vehicle title in your name
- If the title has a lien, the DMV will need to remove it before you apply.
- If you’re still making payments on the vehicle, the title is not eligible.
- A valid driver’s license or state-issued photo ID
- You must be 18 years or older.
- Your vehicle for inspection
- A representative will meet you at a store location or another place you choose.
For a detailed look at all required items, check out this helpful guide on title loans requirments.
Fast, Simple Title Loan Process
Since you might be about ready to apply for your Texas title loan, you should know that the entire process is quick and simple to complete. First, fill out the online application on our website so your information can go to the nearest store location. Once we receive your application, we will give you a call to answer any questions you have, go over the required items list, and set up an appointment with you at a location of your choosing to do the vehicle inspection.
Whether you come to us or we go to your location, you'll present your required items and the vehicle for inspection. Before the meeting is over, you'll know if you're approved and how much we can lend to you. Your loan representative will then go over the loan terms with you and help you finish signing the last of the paperwork. Once you are done with that, the process is complete! All you have to do is drive off and just wait for your loan money to arrive – which, again, could be the same or next day.
Find Out How Much You Can Borrow Now
If you need extra cash and you have your car's title, you can easily find out the loan amount you could get right now. As we’ve said, you can get up to $15,000 by using your vehicle’s lien-free title and the condition of your vehicle. Plus, the inspection is free, so you can easily find out how much you could get and if you stand a chance of getting approved. Just go to our Texas Car Title and Payday Loan Services, Inc. website to fill out the online application now to begin the process as soon as possible.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
