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Car Title Loans in Texas
We’ve all found ourselves face-to-face with money problems at one point or another. In fact, many people have trouble keeping their head above water on a regular basis when it comes to their finances. When this is a problem, Texas car title loans are often the best solution. That’s because if you own your vehicle outright, you have an asset you can work with when times are tough.
Many Texas residents have heard the phrase “car title loan”. You may have heard it yourself, but you are still unsure of what they really are. Plus, the process may sound difficult to navigate. But Texas car title loans are a simple way to quickly get the money you need in an emergency. Read on to learn more about why these loans are so useful when you need money as fast as possible.
Texas Title Loans Completely Online
You likely already know what collateral is. Title loans are a similar concept. You may currently own the house that you are living in, which means that you can put it up for collateral if you need a loan from the bank. This is the same concept when it comes to Texas title loans. Collateral is a physical insurance to a lender that their business will get paid somehow for the loan they give out. With a car title loan, the lender will put a lien on your title during the duration of the loan. When you repay the loan, the lender will then remove the lien on your vehicle. You will get your title back and go on like before. Using our car title loans will allow you to put the equity of your vehicle to use so that you will receive fast cash for your emergency.
Of course, borrowers should be aware of what can and will happen if they are not able to repay their loan. If you cannot pay off the loan, the lender can take over ownership of your vehicle. Many lenders will then sell the car or truck to recover some or all of the cash that they loaned out.
Using Your Vehicle Registration as Collateral
One big question concerning car title loans is this- do you get to drive the vehicle while the lien is on the registration title? The answer is YES. You will retain full use of your car or truck while you are repaying the title loan even though the lender holds the title. You can also put up different makes and models as collateral for a loan. The amount of your loan will be based on what your vehicle is worth. The only requirement concerning the vehicle is that you have to own it. If you have any type of loan out on the car, you will not be able to apply.
If your vehicle is a newer model and in good shape, you will likely get more for it from a lender. However, never expect to walk in and receive the full value of the vehicle. If you do not repay the loan and the lender ends up with the vehicle, they will want to re-sell it for at least the same amount as they offered you. That way, they will not lose any money trying to sell the vehicle at a higher cost.
Most lenders will carefully evaluate the condition of the vehicle. They will then lend you between 40 to 50 percent of what the vehicle is worth. Some lenders will install a GPS tracker on the vehicle, especially if the loan is for a higher amount. That way, they can track down the vehicle if you do not repay the loan and then try to hide the car from them. A lender will want to make sure that they are either repaid or that they take over possession of the car.
How Title Loans Work
A Texas car title loan is considered a short-term loan. The lender will provide you with a certain period of time to repay the loan after you receive the money. Depending on the amount of the loan, you may have 30 to 90 days to pay the cash back before the lender takes over possession of the vehicle.
However, lenders may allow you to “roll-over” the loan if you inform them that you cannot repay it in the original time frame. If this is an option, the lender will give you additional time to come up with the rest of the loan payment. You will still keep possession of your vehicle during this time. Just remember, the lender will add on a new loan fee every time you have to extend it.
Most borrowers are able to pay off the loan in time. You will only lose the car if you can’t repay the loan. If this does happen, the lender will collect the vehicle from you and likely sell it to get back what they put into it.
How to Get a Texas Car Title Loan
There are hundreds of logical reasons as to why you may need fast access to extra cash. You may be faced with an unexpected home repair, prescription costs, or car repairs. When you don’t have the money to cover the problem you may have to turn to outside sources for help.
We are very aware of how one money emergency can wreak havoc on your finances. Not everyone has credit cards to use in an emergency or savings set aside. We are also aware of the other ways you could get a loan. However, many of them require days or even weeks of waiting while you fill out paper after paper. When you are already desperate for cash, this process can be long and excruciating.
When you need cash as quickly as possible it is important to head to a place you can completely trust. We offer the best title loans in all of Texas. We even have banks that will buy out existing title loans. We are happy to be here for every resident who may be facing an emergency.
Title Loanser Banks that Offer Auto Title Loans
You’ll keep your vehicle when you take out a title loan with our company. Simply repay the money back according to your repayment plan. You will need to have the title of your vehicle with you to be eligible for the loan. You will also need to show proof of income and have a valid identification card from the government like a passport or state issued drivers license. A long as you own your vehicle you can receive the cash you so desperately need-no waiting and no hassle!
Don’t stress out when you don’t have the cash to pay your bills. It happens! That is one of the reasons we offer title loans for our valued customers. You can have access to fast cash in just a few short minutes through our online service. You can also talk to a representative at a nearby location if you would prefer a face-to-face encounter.
Why Choose TitleLoanser?
We are proud to provide the best customer service to all of our valued customers. We whole-heartedly believe that it sets us apart from other title loan companies. We make sure that you have possession of your vehicle the entire time that you have the loan out. Our company understands that not having it could make it that much harder for you to repay the loan.
The process is simple and quick. If you apply online, you will only need a few minutes to do so. There are no hidden fees to worry about, and you won’t be charged extra if you pay off the loan before it is due.
- Applying for the Loan
- It’s easy to apply- just fill out our online application. You can also call us at 1-877-872-3660.
- Getting Approval for the Loan
It usually takes about 15 minutes or less to determine the amount of the loan your vehicle qualifies for.
- What Documents Will I Need?You will need a government-issued identification card, a copy of your vehicle title, and proof of income when you apply. That’s it!
- What are the Benefits of a Texas Car Title Loan?When you apply for Texas title loans, you will receive the funds you need easily and quickly. Our online system is very user-friendly. All you need to do is answer some easy questions when you sit down to apply. Plus, we offer lower interest rates when compared to payday loans. You will always keep your vehicle while you are in the process of repaying the loan.
- Higher Loan AmountsThe amount of cash you will receive will be directly related to the value of your vehicle. Most loans range from about $200 to $20,000. We will give you information on the value of your vehicle before you complete your application.
- No Credit Checks Texas Auto Title LoansGet up to 85 percent of whatever your car is valued at with a Texas title loan. We do not require a credit or background check, so there will never be additional hassles or paperwork for you to deal with. TitleLoanser is here when you need fast cash!Give us a call at 877-872-3660 today or fill out an online application. Let us give you the cash you need today!