Use Your Car to Get Cash with Title Loans in Texas
May 11, 2020 | By Peyton Sawyer
Did you ever think about using the value of your vehicle to get a title loan in Texas? You may have not known that was even an option, but it is, and the requirements are fairly simple. Like any loan you request you should understand exactly how it works before entering into any financial agreement, so let’s get started with the facts.
What Are Title Loans?
A title loan is a short-term loan that requires an asset to secure funding. If you own a vehicle with a lien-free title, then you can use its value to receive the emergency cash you need the very same day you need it. Qualifying for this type of loan is often easier than a traditional loan regardless of your credit. While you are asked to provide the lender with your vehicle for a quick inspection, your vehicle is not needed to receive cash. Your vehicle title is used in exchange for a cash amount, which means you can still drive the while making payments.
How to Find the Right Title Loan Lender for Your Cash Needs
Picking the right title loan lender for your fast cash needs is an important step. You’ll want to make sure you’re working with a reliable and problem-free company to secure your loan.
Each lender will request different requirements to qualify. Therefore, it’s important to make sure you are able to provide the requirements for your selected lender before beginning the borrowing process.
Another factor to consider when choosing a lender are the interest rates that will be charged on the money you borrow. Interest rates can vary greatly from one lender to the next, so be sure to read the fine print before signing any financial agreement.
If you’re looking for a company you can trust, with representatives that care about your situation, then Texas Car Title and Payday Loan Services, Inc. may be the lender for you. With competitive rates and fast service, you can handle your financial emergency in no time at all.
What Requirements Are Needed to Qualify?
When requesting a title loan from Texas Car Title and Payday Loan Services, Inc. you will be asked to provide a few simple items. These items include:
- A vehicle
- A lien-free title to that vehicle
- A valid government-issued ID (driver’s license or state-issued ID)
- A quick vehicle inspection to determine the vehicle’s value
Once you have gathered those items, take a few moments to complete the online request form to receive a call from one of our friendly representatives. During that call, the representative will conform the information you have provided and direct you to a location in your area. If you cannot make time to visit one of the convenient store locations, one of our representatives can come to you.
Whether you visit a Texas Car Title and Payday Loan Services, Inc. store or have a representative come to you, upon meeting you will be asked to provide the documents required, as well as undergo a quick vehicle inspection to determine the value of the vehicle being used as collateral to secure title loan funds.
How Much Cash Are You Eligible For?
The amount you can receive is determined by the requirements that you provide, and a quick inspection of your vehicle. The vehicle inspection allows the lender a chance to look at the make, model, year, and condition of your vehicle to determine its value. Once that has been done, you will be offered an amount that you are eligible to receive based on your vehicle’s worth and the amount you can afford to repay. While title loan amounts will vary, up to $15,000 is available to anyone that qualifies.
What Can You Spend Title Loan Cash On?
There are no spending restrictions on the title loan cash you receive in TX. Pay a bill, handle an unexpected expense, make a repair or a purchase, it is up to you.
Repaying Your Texas Title Loan?
There is no need to stress over repayment of your auto title loan with Texas Car Title and Payday Loan Services, Inc. Our representatives will work to establish a manageable repayment schedule that you can handle.
If you have extra money and would like to pay off your title loan early to avoid any additional interest charges, you can do so without penalty. If you have experienced any financial setbacks and having difficulty keeping to your repayment schedule, be sure to contact a representative for assistance. We are here to help.