What’s Required To Qualify Fast For A Signature Installment Loan?
Do you need quick approval for a Texas loan to help pay for a financial emergency? A signature installment loan may be one worth considering due to its simple requirements and easy approval process that sets it apart from personal loans and traditional bank loans.
In this guide from Texas Car Title and Payday Loan Services, Inc., learn what a signature installment loan is, what requirements you need to meet to get approved, and what the steps are in the installment loan approval process. Use this guide to determine if a Texas installment loan is the right choice for your borrowing needs.
What Is A Signature Installment Loan?
A signature installment loan is a type of emergency loan in Texas that allows you to borrow fast cash to handle urgent expenses. It is an unsecured loan, meaning you do not need to offer up collateral to secure the loan. You can apply for the loan, provide your signature, and receive a lump sum of money upfront.
It gets its name as an installment loan because borrowers repay this loan in fixed, scheduled installment payments. At Texas Car Title and Payday Loan Services, Inc., we allow borrowers who can get approved for a signature installment loan to receive up to $1,500 in emergency cash.
What Are The Requirements For A Signature Installment Loan?
If you need fast cash for medical bills, expensive repairs, or debt consolidation, you might be looking for the required items for signature installment loans. The good thing is that we here at Texas Car Title and Payday Loan Services, Inc. have kept the list short and simple for you to remember.
The first thing to keep in mind is you need to be at least 18 years old to get approved for a Texas installment loan. As long as you are at least 18, you only have three required items for us to assess so we can tell you if you qualify for approval. During an in-person meeting, one of our loan associates will verify these items to determine if you can get approved for a Texas installment loan.
The following are the three required items you need for signature installment loan approval:
1. Identification
The first thing you’ll need to ensure you can get an installment loan is your photo ID. Aside from confirming the obvious — that you’re over 18 and legally able to take out a loan on your own merit — we require ID to confirm that you are who you say you are.
We usually require you to show your driver’s license to prove your identity. If, for whatever reason, you can’t show us your driver’s license, you can show us your state-issued photo ID instead.
2. A Checking Account Statement In Your Name
The second thing you’ll need to ensure that you bring along is a checking account statement in your name. This helps us by confirming that you have an active bank account, something you’ll need to have to receive the signature installment loan.
If you have access to online banking, you can find your checking account statement on your bank’s app or website to print. You could also go to a local bank location where an associate should be able to print a copy for you.
3. Proof Of Income
The last thing you’ll need to do to determine if you can qualify for a signature installment loan is to prove your income. This helps us assess your ability to stick to your repayment schedule on time.
When we say proof of income, we mean your most recent pay stub. However, not everyone has pay stubs. If you work as a freelancer, you can show us your recent earnings statement to prove you have a stable income.
Good Credit Is Not A Requirement For A Texas Installment Loan
You may be wondering when we’ll touch on your credit as a signature installment loan requirement. While banks require you to have good credit to get approved for their loans, we do not at Texas Car Title and Payday Loan Services, Inc.
You can get approved for a signature installment loan with bad credit or no credit. This is because it is a smaller, shorter-term loan with fixed payments. You do not need to prove your creditworthiness and can borrow money regardless of your credit score. We will also not report your installment loan to credit bureaus, meaning taking out a loan with us will not affect your credit score.
What Is The Process For Getting A Signature Installment Loan?
Now that you know what is required of you to find out if you can get this loan, all that is left is for you to start the process. The good thing is we here at Texas Car Title and Payday Loan Services, Inc. have made the process simple and quick for you to get through. In fact, we make sure to assess you and make a decision as soon as we possibly can. If you are approved, we will get you your emergency cash quickly.
The following are the steps involved in the signature installment loan process
- Complete the online inquiry form provided on our website
- Wait for a representative to call you and set up a meeting convenient meeting location with you
- Gather your required items and bring them to the meeting location
- Sit down with a representative for them to examine your ID and documents
- If approved, sign installment loan documents
- Receive your fast cash the same day or the next business day
Get A Signature Installment Loan In Texas Today!
Now that you know what you need to get approved and what steps are involved in the process, you can get a signature installment loan. At Texas Car Title and Payday Loan Services, Inc., we keep the requirements and process simple to allow those who can get approved to receive fast emergency cash to handle their urgent costs.
Start the installment loan approval process today by filling out our online inquiry form with your basic information. One of our friendly loan agents will call you and set up an in-person meeting at a convenient location, allowing you to get approved for fast cash at your home or office.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.