How To Qualify For A Title Loan In Texas

March 4, 2021 | Louis Tully

tite loan in texas

It's not easy being short on cash, but at least there are some easy-to-get options to help make ends meet. In Texas and the surrounding states, one of the quickest and most convenient choices is called a car title loan. So, what is it and how do you qualify? Let's find out.

What Is A Title Loan In Texas?

A title loan in Texas is the same as a title loan anywhere else, save the minimal differences in state lending regulations. For example, consumers in the state can borrow up to $15,000 with a qualifying car title. The option is such a convenient and useful product that it's depended upon by thousands of residents state-wide.

Why Do People Need A Title Loan In Texas?

Every borrower in the state of TX is different, but that doesn't mean their reasons for needing money are as well. In fact, most people come to Texas Car Title and Payday Loan Services, Inc. for these three things:

  1. For help to pay their rent or mortgage on time.
  2. To cover unexpected expenses without damaging their credit.
  3. For money when their primary source of income runs dry.

Interestingly, many borrowers become repeat customers because of the ease and convenience of this financing option. It helps frugal people cut corners without sacrificing security, and it lets otherwise financially stable people maintain their good credit despite temporary financial hardships.

Who Qualifies For A Title Loan In Texas?

Almost anyone with the right items can qualify for a title loan in Texas. As long as your car title is lien and judgment-free, then you're halfway there. The process is also inherently designed to streamline consumer borrowing and produce the best possible results. However, owning a car isn't the only qualification. You must also be 18 years old or older.

How Do I Qualify For A Title Loan In Texas?

If you meet the initial requirements, then there are only a few more steps to take before your money hits the bank. That's especially true if you apply for a title loan in Texas through a convenient online portal. In most cases, the application process takes under 5 minutes to complete, and you can get approvals in less than an hour.

For even more success when applying for a title loan in Texas, either online or in-store, follow these three simple steps:

STEP ONE: Gather The Appropriate Qualifying Items

The pros at Texas Car Title and Payday Loan Services, Inc. understand that each case is unique. So, the same simple criteria are applied across the board to make it easier for everybody. Usually, this is all you need to get approved for a car pawn loan:

  • A government-issued driver's license or photo ID
  • A recent pay stub or proof of income
  • Your vehicle for a quick inspection
  • The hard copy of your lien-free car title

Remember that you might also need banking information to receive your payment after the deal is done. So, be extra prepared with a blank check or statement from an account in your name.

Texas title loan

STEP TWO: Answer The Phone When Your Loan Agent Calls

This step is crucial if you apply online because it's the next stage in getting approved. When your agent calls on the phone, be sure to answer with a good time to meet up. That's when your vehicle inspection will take place, and you'll also get a chance to ask important questions about the terms of your loan.

TIP: Find out when your first payment will be, and then mark that day on your calendar to ensure you make it on time.

STEP THREE: Sign Your Finalizing Paperwork For Fast Cash

After your questions have been answered, you'll have the opportunity to accept or deny the terms of your loan. If you accept them, then you'll provide your signature on the contract before the agent leaves. Once that's complete, and the paperwork is processed, you'll receive money in the bank for bills and expenses within 24 hours.

Keep in mind that this type of deal is defined as a secured loan. So, you'll be using your vehicle's value as collateral for the money. Thus, it's important to present a car that's in good shape and clean. The more your car is worth, the more cash you can get. Meanwhile, this transaction does not depend on your credit like a traditional secured loan from a bank.

BONUS: Most borrowers can keep possession of their vehicle while their loan is in good standing.

Get a Title Loan in Texas Today!

Qualifying for a car title loan online is supposed to be quick and painless, so keep it that way by being prepared when you ask for money. Understand the main purposes of this funding option and take advantage of the quick and easy application process.

Follow these easy steps to qualify for a Texas title loan with the help of Texas Car Title and Payday Loan Services, Inc. Let us make your life easier.