If you’re dealing with an unexpected expense and need money fast, stressing won’t solve the problem, but knowing your options will. One solution many Texans turn to is secured loans with a car title. These loans let you use your vehicle’s lien-free title as collateral to access cash quickly, even if your credit isn’t perfect.
At Texas Car Title and Payday Loan Services, Inc., we believe secure car title loans should be easy to understand. That’s why we’re transparent about the process and available to answer questions every step of the way. Below, you’ll learn how title loans work in Texas and what you need before getting started.
What To Know About A Texas Secured Title Loan
A secured title loan allows you to borrow money based on your vehicle’s value. Because your car title is used as collateral, approval is often faster than with traditional loans. The amount you may qualify for depends on your vehicle’s condition, resale value, and ownership status.
At Texas Car Title and Payday Loan Services, Inc., approved borrowers may qualify for up to $15,000. To be eligible, you must fully own your vehicle and have a lien-free title in your name.
If you’d like a more detailed breakdown of the process, you can learn more about how title loans work in Texas.
They Are A Fast Way To Borrow Cash
Traditional personal loans can take days, or even weeks, for approval and funding. That’s not ideal during an emergency. Title loans are different.
With a title loan from Texas Car Title and Payday Loan Services, Inc., the inquiry process may take as little as 30 minutes. If approved, you could receive your money the same day or by the next business day, helping you handle urgent expenses without unnecessary delays.
You Do Not Lose Access To Your Vehicle
One common misconception about title loans is that you must give up your vehicle. That’s not the case. As long as you meet the repayment terms, you keep driving your car just like normal.
We place a lien on your vehicle’s title, not the vehicle itself. Once the loan is fully repaid, the lien is removed, and your title is returned to you.
What You Need To Get A Secured Loan With Your Car Title
When you meet with us in person, we keep requirements simple. You’ll only need a few items so we can determine eligibility:
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Valid ID: A driver’s license or state-issued photo ID. The name must match the vehicle title, and applicants must be at least 18 years old.
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Lien-free vehicle title: The title must be clear of any loans or liens and issued in your name.
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Proof of income: This may include employment income or another consistent source, discussed ahead of time.
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Your vehicle: A brief inspection helps determine the loan amount based on condition and value using nationally recognized pricing guides.
You Need To Practice Responsible Borrowing
Secure loans like car title loans are designed for short-term financial needs. Responsible borrowing means using them for genuine emergencies, such as medical bills, urgent repairs, or necessary travel, not for discretionary spending.
Understanding your repayment ability before borrowing helps reduce risk and keeps the loan working in your favor.
Why People Use Texas Car Title And Payday Loan Services, Inc.
Now that you know a few things about our loan, you can move onto the process. As we’ve said throughout the article, this process is simple and quick for you to get through. There are very few steps to the inquiry process, which helps to keep things headache-free. In fact, all you have to do is get through three steps to find out if you qualify for approval. And, we are always here to help you out no matter what step you are on. Here are the steps you will have to go through:
- Fill in the inquiry form on our website so you can speak to one of our title loan representatives on the phone. We will go over the required items and set up a meeting for you to either come to the nearest title loan store or have us come to you.
- Make sure you have the required items ready for the meeting. Wait while we carry out a quick and easy vehicle inspection. We will also assess your title, proof of income, and your ID.
- We will determine if you qualify for approval and how much we can lend to you. If you are approved, we will go over the loan terms and help you finish the final paperwork. Once done, you can receive your money later that same day or the next.
Need To Borrow Cash? Inquire About A Title Loan Today
When unexpected expenses come up, you don’t have to handle them alone. Texas Car Title and Payday Loan Services, Inc. offers secure loans that give Texans access to fast cash using a lien-free vehicle title.
Bad credit isn’t a deal breaker, and the process is designed to be straightforward. If you’re ready to explore title loans near me, start by filling out our online inquiry 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.
