When financial emergencies strike, bad credit takes its most painful toll. People with bad credit often find every avenue of hope blocked to them in the beginning. Fortunately, there are some types of loans still available to you if you have bad credit. Car title loans are one such loan. In this lending agreement, you use your car’s value as collateral for a loan.
Keep in mind that this means if you don’t repay the loan, you can lose your car, but if you’re in desperate need of money, it may be the only way that you can secure a loan for yourself. As long as you can repay, car title loans are an excellent form of short-term lending. They give you money to spend on very important things like:
Getting a title loan in Humble Texas is as simple as filling out a form online. All you need is a few general pieces of information and you’re good to go. Before applying, gather your contact information (name, zip code, phone number) and your car’s information (make, model, year, and mileage) and then answer the few very general questions on our handy application.
Sometimes you’ll need to answer a few additional questions such as whether or not your car is paid for or not, but for the most part it’s just the basics and it takes only a few minutes to get your application started. If you want to learn more about title loans during your application, simply ask one of our helpful specialists.
Title loans in Humble, TX abide by all the rules set forth by Texas state legislature and all other governing bodies. It’s our goal to offer car loans that are simple to apply for and easy to repay.
Texas caps off interest rates for title loans at only 10%, and we are keen on giving borrowers competitive interest rates that stick to the rules. We want to go above and beyond what Texas has deemed as fair for these loans because we realize that when you are already hurting for money, you don’t need excess interest keeping you down.
Renewals are also guided by legislation. You can renew a car title loan a maximum of 5 times before you must completely repay it. Stick to that rule, and you keep possession of your car while paying off a loan that will inevitably help your credit rating.
The benefits of car title loans in Humble are many, but a few of those benefits stand out above the rest. The first obvious benefit is that even though you use your car as collateral, you retain full use of the car during your repayment period.
You get a large sum of money all at once deposited directly in your bank account and can then use that money however you want while still driving your car.
Another great perk of car title loans is that the application process is painlessly short. It’s as simple as typing in a few bits of information and clicking submit.
Our friendly loan agents contact you, explain that you’ve been approved, tell you how much money you can receive, and if you agree to the terms of the loan, your money is on its way to you! You’ll receive it sometimes in as little as 24 hours and you can spend it however you like. With so many of these benefits, it’s no wonder that so many people are applying for title loans.
Other cities in Texas we serve:
Apply online for free to get your loan quote and you could have your money within 24 hours!