Can I Get A Title Loan With My Truck Title?
July 21, 2021 | Emma Frost
What is a truck title loan? Who is eligible to get one, and what are the requirements to get it?
Title loans are common, with more than 2 million people in the United States using them to get fast money using their vehicle titles every year.
Your vehicle doesn’t have to be a car to qualify for a title loan, since you can also use your truck. So, we will answer these questions and some more in today’s article!
What Is A Truck Title Loan?
A truck title loan is a type of secured loan that uses your truck's ownership document or title to qualify you for a lump sum of quick money that can be used for emergencies. Instead of needing a perfect credit score, high income, tons of liquid collateral, or hefty down payments, A truck title loan keeps things simple by being based on your truck's value and your ability to repay the loan.
The best part is that you get to keep possession of your truck, and at Texas Car Title and Payday Loan Services, Inc., we make sure to stay quick when working with borrowers who are facing an urgent financial issue.
Qualified borrowers can receive as much as $15,000 within 24 hours of being approved. That money can then be used to handle any emergency you’re facing.
Unlike traditional bank loans, title loans don't take as long to process. In fact, borrowers can complete a financing request online or over the phone and then follow up with an agent at their earliest convenience to successfully qualify for a loan in less than 24 hours. A truck title loan is fast and simple and available to all those who qualify.
Who Can Get A Truck Title Loan?
Rule number one: You must be at least 18 years old to apply for a truck title loan in the state of Texas.
You also need to have a few pieces of information with you to qualify for a truck title loan, which we speak about below.
A truck title loan can be an option when you want to protect your credit report from unnecessary hard inquiries that get put there each time you approach a bank for money. This is because Texas Car Title and Payday Loan Services, Inc. doesn’t report its loan information to any credit agency.
Truck or car title loans can be an option for different people, from the person who's struggling to make ends meet this month to the family who really needs to make repairs to their home. At Texas Car Title and Payday Loan Services, Inc. we understand that life is unpredictable, so we offer these easily accessible title loans to people who qualify. But how do you qualify?
How To Qualify For A Truck Title Loan
Qualifying for a truck title loan is rather simple, and quick too. That's because getting one only takes less than a day whether you go directly to the store or start the process from home.
These loans are designed for vehicle owners, whether it’s a car or a truck. This means that you must have your name on your vehicle title, and you also need to outright own your vehicle without any outstanding financial obligations.
FACT: Most people who get approved for truck title loans receive money in their bank accounts on the same day they begin the process.
Where To Get A Truck Title Loan Near Me
It's important to work with a lender that keeps things simple and secure when getting your truck title loan. This is exactly what Texas Car Title and Payday Loan Services, Inc. strives to maintain.
Your private information is never shared with third parties since we always respect your privacy and your time. Our quick and easy qualifying process allows you to start from the comfort of your own home.
Here's how to qualify for a title loan today:
1. Start On The Phone Or Online
Texas Car Title and Payday Loan Services, Inc. provides a short intake form to help you get going as soon as possible. Just fill in the blanks and submit your information.
Soon after, an agent will contact you with further instructions and schedule an appointment with you.
2. Provide The Required Information
When you arrive at our store be sure to have the following items ready for the agent to review:
- Your driver's license or a government-issued photo ID.
- The lien-free title to your truck.
- The truck for a quick inspection.
- Proof of income.
Talk to your agent for more information on acceptable forms of income proof. Once they review everything, they will inform you if you are qualified and how much you qualify for. Remember to go over the details once you’re ready to sign your documents.
Getting A Loan Using Your Truck
Getting a truck title loan is a quick and easy process, one that you can start from your home right now and have the money in your bank account in less than 24 hours. Submit your online form today to get started.