What Is An Easy And Fast Payday Loan Alternative?

If you’ve ever looked into a payday loan, you’ll notice that it is designed for smaller emergencies. This means when you have a bigger emergency, you’ll need to find a payday loan alternative. And when you come to Texas Car Title and Payday Loan Services, Inc., you can get a car title loan to help you out. If you are going through things like medical bills or something more, this can be a good option.

The good thing is we make it easy to understand this loan and the process you have to go through to get one. On top of that, we also have locations all throughout Texas and our representatives are just waiting to help you get through the process and find out if you qualify for approval. So, if you have a lien-free title and a vehicle in your name, the rest of this guide will go over this alternative we offer.

Use A Title Loan As A Payday Loan Alternative

What Is A Title Loan?

A title loan is a secured loan that uses your car title as collateral. With that in mind, title loans have larger amounts and longer repayment periods. In fact, when you come to Texas Car Title and Payday Loan Services, Inc., you can qualify for anything up to $15,000. This means you can consider vehicle title loans as an option when you have a bigger emergency. It differs from our payday loan, which can get you up to $1,200 and has to be repaid by your next paycheck.

easy payday loan alternative

Why You Should Choose A Title Loan

When it comes to why you should get a title loan, as we’ve said above, it is designed for bigger emergencies that’ll cost more than our payday loan offers. As a payday loan alternative, a title loan lets you recover from larger financial stresses. A payday loan isn’t going to cover a larger bill, while a title loan can offer you enough to get by. In addition, we usually require you to pay back your payday loan by your next paycheck, which can be a little too quick for some people.

When You Should Choose A Title Loan

You’ll want to consider a title loan when you have an emergency that you just don’t have the resources to pay for on your own. Title loans are designed to be short-term help, not a financial solution. They can tide you over for a while so that you can focus on recuperating from an expensive bill or payment. Avoid using title loans to fund a large purchase. Doing so isn’t a good financial strategy. You might consider a title loan as a payday loan alternative for the following:

  • Emergency travel expenses
  • Late rent or utility bills
  • Veterinary bills
  • Medical bills
  • Emergency home repairs

How To Get A Title Loan With Us

When it comes to getting vehicle title loans as a payday loan alternative, we here at Texas Car Title and Payday Loan Services, Inc. make the process simple. To get started, fill out our online form and wait for a representative from the nearest Texas loan location to get in touch with you. Once they do, they’ll go over the basics of the title loan and schedule an appointment for you. When you meet with the representative, you’ll need to have the following items on hand:

  • Your driver’s license or state-issued photo ID.
  • Your lien-free car title.
  • The car that matches the title.
  • Proof of income.

With these required items on hand, you’re all good to go for your appointment – which can either be at the store or at another location. The representative will inspect your required items and quickly inspect your vehicle to determine how much you could qualify for if you are approved. Should you be approved, they will then go over the loan terms and help you finish the paperwork. This is where you can ask any remaining questions as well.

You can get the fast cash you need on the same day or the following business day once the papers are signed. Keep in mind you can complete this application completely online, but you’ll still be obligated to meet with a representative at some point for the vehicle inspection. Also, don’t be afraid to apply even if you have bad credit. While we may still have to check your credit quickly, we won’t automatically turn you down if you have poor credit.

title loan as payday loan alternative

Apply Online Today!

Payday loans can be useful, but they aren’t for everyone. If you’re after a payday loan alternative, then vehicle title loans might be a resource to consider. Remember, Texas Car Title and Payday Loan Services, Inc. offers title loans up to $15,000, giving you access to the fast cash you need in a quick and stress-free application process. So, if you need money to tide you over, then consider filling out our secure online application form 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.

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.