Car title loans are not spoken of too often in the mainstream financial circles, but they are a great way to get money when the well runs dry.
Most financial experts don’t want you to know about Texas car title loans because they work for the big banks who are less concerned about helping lower income customers who need loans and more concerned about profiting from rich investors.
And since the events of 2008, most banks have put more barriers in front of people who need small dollar loans and in some cases have made it impossible for those who have less than good credit to get them.
But that’s something our car title loans in Missouri City, TX are not concerned with.
We have a network of lenders who offer bad credit online title loans in the Missouri City area and it doesn’t matter what kind of credit score or credit history you have as you can be approved simply by owning a vehicle in good condition.
There will actually be no credit check done when you reply, and the three major credit bureaus who most lenders will do inquiries with are not even contacted. To apply for title loans, you can get started with our application right here.
It all starts by giving us information about your vehicle that includes its make, model, year and current mileage estimate. Generally the maximum amount you can get with most title loans is about half the vehicle’s current value, so the newer your vehicle is and less mileage it has on it, the more you will get.
Once you fill in the online application, we’ll contact you to setup an appointment with a title loan store near you where you’ll need to sign your final paperwork and have your vehicle evaluated. Filling in our application will save a lot of time once you get there.
There aren’t a lot of legal obstacles to getting approved for title loans in Missouri City, but the State of Texas and Missouri City do have some laws that are relevant to everyone who applies for title loans.
The first thing you need to do is verify that you’re at least 18 and live permanently in Texas, and the second is to prove you own your vehicle completely. You’ll need the following items:
Not all lenders will ask for a utility bill, but you should take it just in case. The other important laws to know about include your payment agreements and title loan terms.
There are laws listed at the Texas State Law Library that state what the lender’s rights are in regards to collecting on delinquent payments, but also what your rights are as far as title loan restructuring and your ability to sell your vehicle while a title loan is on it.
One thing we know you don’t usually have a lot of when applying for title loans online is time.
Fortunately because of the simplicity of paperwork that comes with title loans, you can usually know whether or not you’re approved within an hour.
You can usually get your funds in your bank account or via cash in less than 24 hours, and once you have them you can immediately pay your expense. To learn more about title loans, call us or check out the FAQ section here.