3 Ways To Borrow Money In Texas
Sometimes, unexpected expenses arise, and you may need fast cash to cover them. If you’re looking for ways to borrow money in Texas, you have several loan options available. If you're wondering about the ways to borrow money in Texas, this guide outlines three fast and accessible options: auto title loans, payday loans, and signature installment loans.
With Texas Car Title and Payday Loan Services, Inc., you can explore the best options for quick loans to address time-sensitive financial challenges.
1. Auto Title Loans in Texas
What Is an Auto Title Loan?
Auto title loans are a secured type of fast loan. Secured loans require a potential borrower to provide a guarantor or collateral when applying. In the case of auto title loans, your car title will act as collateral, not the car itself.
Auto title loans are possibly the most accessible due to this security. At Texas Car Title and Payday Loan Services, Inc., we always do our best to accommodate the borrower’s credit and income situations. That said, auto title loans are easy to get approved for even with bad credit, as the lender’s assets are protected from the get-go.
Auto title loans also usually can give access to larger loan amounts than other loan types (at Texas Car Title and Payday Loan Services, Inc. you could get up to $15,000). This makes them a good choice for those who need access to a lump sum at once to cover an urgent larger expense.
How To Qualify For Auto Title Loans:
Title loans are designated for car owners who are of legal age. The minimum requirements for a title loan at Texas Car Title and Payday Loan Services, Inc. call for you to be at least 18, and outright own your car.
This means that you need to present us with:
- A state-issued ID or driver’s license.
- Your vehicle.
- Your vehicle’s lien-free title in your name.
- Proof of income (this is typically your most recent pay stub, but you should be able to substitute with an alternative if you’re unemployed – ask the loan representative about it)
How to Apply
- Start online – Fill out a quick form here to begin your application.
- Meet with a loan representative – Bring the required documents for verification.
- Get approved & receive cash – If approved, you can get your money the same day!
Looking for auto title loans near you? Find a store location now.
2. Payday Loans in Texas
What Is a Payday Loan?
Payday loans are a type of unsecured short-term fast loans. This means you don’t need to provide any guarantors or collateral to get approved – just the required items that match the lender’s standards.
Typically, a payday loan is the quickest out of all loan types and is designated for smaller emergencies. If you apply for payday loans with Texas Car Title and Payday Loan Services Inc., you can get up to $1,200.
How To Qualify For Payday Loans:
Qualifying for payday loans at Texas Car Title and Payday Loan Services, Inc. is as simple as title loans. You’ll only need a few documents, and we will accommodate any credit situation and income type. It's important to meet the payday loan requirements Texas requires.
Here’s what you’ll need:
- A state-issued ID or driver’s license (again, you must be over 18).
- Your most recent pay stub as proof of your ability to repay the loan.
- A blank check from an active checking account in your name.
Tip: you typically need to be employed to qualify for a payday loan, but you might be able to qualify when unemployed with sufficient proof of alternative payoff means – ask your loan representative about it!
How to Apply
- Apply online – Submit your details through our payday loan application page.
- Get a call – A loan representative will confirm your information.
- Receive your cash – Get approved the same day and access your funds!
Want to learn more? Read our guide on how payday loans work in Texas.
3. Installment Loans in Texas
What Is an Installment Loan?
Like payday loans, signature installment loans are a type of unsecured fast loans. That means you won’t be putting up collateral to get approved.
The main difference between payday loans and signature installment loans is that signature installment loans are meant to last over several installments, hint the name.
They can also be larger than payday loans. At Texas Car Title and Payday Loan Services, Inc. you could get up to $1,500 with a signature installment loan.
How To Qualify For Signature Installment Loans:
To qualify for a signature installment loan with Texas Car Title and Payday Loan Services Inc., you’ll need:
- A state-issued ID or driver’s license (to prove you’re over 18).
- Your most recent pay stub as proof of income (you may be allowed to provide an alternative if unemployed – ask the loan representative about it).
- An active checking account in your name.
How to Apply
- Start online – Fill out our installment loan form.
- Verify your documents – Meet with a loan representative for approval.
- Get funded – If approved, your funds will be deposited by the next business day.
Want to compare your loan options? Check out our guide on installment loans vs. payday loans.
Apply for a Loan in Texas Today!
Submit your online form on Texas Car Title and Payday Loan Services Inc. for either auto title loans, signature installment loans, or payday loans online today and you could have the cash you need in by the end of the same day!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.