What Exactly Are Texas Title Loans And Why Should I Get One?
If you need fast cash for an emergency, a Texas title loan can help. But what exactly is a title loan, and how does it work?
A title loan allows you to use your lien-free vehicle title as collateral to get a quick loan. The best part? You keep driving your car while repaying the loan!
In this guide, we’ll explain:
- What a title loan is and how it works
- When to consider getting a title loan
- The title loan application process
- How to get a cash advance online same day
Let’s get started!
Learn These Facts About Title Loans From Texas
The Definition Of Title Loans in Texas
Title loans Texas use your vehicle’s lien-free title as collateral for the money. This means that we here at Texas Car Title and Payday Loan Services, Inc. will place a lien on your title while you repay the loan. The good thing is this doesn’t mean you give up your vehicle. We are using your title as collateral, not the vehicle itself. This means that you can keep driving the vehicle while you are making the repayments to us – which can be done right online through our website.
The Purpose Of Title Loans
The essence of a title loan is to cover an emergency expense that you can’t handle on your own. It is up to the customer to decide what their specific emergency expense is for title loans in Texas. While we won’t ask what you plan on using the loan for, we do emphasize that these loans are not meant for trivial or unnecessary purchases. If you are trying to decide if your emergency constitutes this loan, there are many reasons why you’d choose to get a title loan. Some reasons include:
- Overdue rent or mortgage payments.
- Doctor’s bills or medical procedures.
- Home repairs (especially due to natural disasters or accidents).
- Urgent replacement of home appliances (water heater, HVAC system, etc.).
- Emergency travel to care for ill relatives or attend a funeral.
The Benefits Of Title Loans
There are a few benefits of title loans in Texas that you should know. To start, we here at Texas Car Title and Payday Loan Services, Inc. work to make sure the process is as simple as possible. And if you are approved, we can give title loans in any amount up to $15,000. We decide how much we can lend you through your vehicle’s condition and resale value. This means we will have to inspect your vehicle prior to letting you know if you qualify for approval.
During a brief car inspection, we’ll assess your vehicle’s mileage, make, model, age, and overall condition. To find out if you qualify for title loans, you just need your driver’s license or your state-issued photo ID, your car, and the car’s lien-free title. We don’t need to verify your income or your bank account, which can be a relief for some. Finally, you can complete the entire process – including the car inspection – without having to come to one of our Texas stores.
The Process For Title Loans in Texas
With us at Texas Car Title and Payday Loan Services, Inc., we’ve made it so that getting through the process for title loans in Texas can be done in a few simple steps. We want to make sure you get through our process quickly so you can find out soon if you qualify for approval. We don’t want to make you wait too long or go through a process that is too confusing. Instead, all you have to do is follow this list to find out if you qualify for approval:
- First, fill out your information on our homepage through our online form. This form gives you the chance to apply online instead of having to come all the way to one of our stores to get started. Don’t worry about your private information because we keep it confidential.
- One of our loan representatives from the nearest Texas title loan location will call you in a few minutes. This reputable agent will answer your questions, explain the title loan process, and walk you through the next steps. We’ll also make sure the agent is local, as we have offices across Texas. If you’re curious you can check out your nearest office on our locations page.
- You’ll then meet with the agent either at one of our offices or at another location you prefer. We make it as easy as possible by letting the customer choose the day, time, and location of the meeting and vehicle inspection. This entire process can last a minimum of 30 minutes.
- During the meeting, your documents and vehicle will be inspected. This is when you’ll receive your loan decision and the amount you qualify for if you are approved. If you are, you can finalize the paperwork and learn more about our loan terms. Once you’re done, you’ll receive your loan amount that same day or the following bank business day.
Get Your Texas Title Loan Today!
The next time you need help, come to Texas Car Title and Payday Loan Services, Inc. for title loans in Texas. If you’re 18+ with a lien-free vehicle and need extra cash for a financial emergency, you know what it takes to see if you qualify for approval. Contact us on our homepage at Texas Car Title & Payday Loan Services, Inc., to start your application and see how much you could get. Skip the long and complicated procedures and let us lend a hand instead!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.