Couple Benefits to Getting a Title Loan Online title loans are at an all-time high because they meet the needs of so many people. Whether you work part-time, are retired or even self-employed, you could still be approved for a vehicle title loan today. Title Loans Online has helped a number of folks to get […]
Couple Benefits to Getting a Title Loan
Online title loans are at an all-time high because they meet the needs of so many people. Whether you work part-time, are retired or even self-employed, you could still be approved for a vehicle title loan today. Title Loans Online has helped a number of folks to get the money they need now, and we can help you too. Our customers enjoy the many benefits of title loans offered through streamlined services that pay out in as little as a day or even hours. You can’t be penalized or turned down for poor credit, which makes it so much easier to qualify for short-term loans. Customers also appreciate the fact that they are free to decide how they’ll utilize their loan funds. These are just a few examples of the many benefits that you’ll receive as a title loan customer.
Common Title Loan Questions
What are car title loans?
Car title loans are secured loans, which require the borrower to present their vehicle as collateral. Secured loans reduce the amount of risk that the title lender takes on. If a borrower should fail to pay off their loan, the vehicle could be sold to cover the remaining debt. Cars, motorcycles, trucks and SUVs are all acceptable types of assets, which can be used to secure a title loan.
Essentially, these are short-term loans, which can be paid off in as little as 30 days or over a period spanning several months. Loan amounts range from a few hundred dollars to thousands, depending upon the current value of your vehicle.
Borrowers receive a contract to read and sign, which stipulates the terms of the loan. Each borrower makes payments according to their repayment schedule included with the contract. After the loan is repaid, the lien against the borrower’s vehicle is removed and the paper car title is returned to the customer.
Are there any requirements for getting a loan?
- You’ll need to supply proof that you are at least 18 or older and a Texas resident. We can accept your driver’s license or a state identification card.
- Loan applicants should have the title to their vehicles offered as collateral. We prefer that vehicles are paid in full, but we can make arrangements to accept a vehicle if it is almost paid off.
- A reliable source of income to repay the loan.
Can I be approved for a loan even if I have bad credit?
Yes, you will more than likely be approved for a loan regardless of your credit standing. We don’t pull any types of credit information for approving loans. It isn’t necessary to check credit information since vehicles are used to secure loans.
How much cash could I be approved for?
Loan amounts can vary considerably, depending upon the value of your vehicle. Older vehicles in good condition could rate a few hundred dollars. Newer vehicles in good or excellent condition might be worth thousands of dollars. In most instances, borrowers can expect to receive about 75 percent of the current value of their automobile or motorcycle.
Where and how can I apply for vehicle title loans?
If you are pleased with the many benefits of title loans, you can apply online, at a nearby loan center store or over the phone. We require the following information to apply:
- Your email address, full name, zip code and phone number.
- The odometer reading on your vehicle or motorcycle and the make, model, age and body style.
How the Title Loan Process Works
- Fill out a short application, which only takes a few minutes to complete.
- Talk to a loan representative on the phone to choose loan terms and an ideal repayment plan.
- Read over your contract, which meets state vehicle title loan regulations. Sign your agreement.
- Turn over your paper car title according to your contract agreement.
- You may begin making payments according to your repayment schedule.
Benefits of Title Loans
Approved borrowers could qualify for as much as 75 percent of their vehicle’s value.
No Credit Checks
One of the biggest benefits of a car title loan is that potential borrowers don’t have to go through or pass a credit check. This makes it easier and faster to process loans, and it also allows us to approve more borrowers.
Cash for Anything
You don’t have to explain to us why you want or need a loan. You are free to use your loan funds to pay bills, buy groceries make home repairs or anything else.
Fast Cash When You Need It
Since many of our clients are in need of quick cash to cover emergencies or unexpected bills, we go out of our way to get you the cash you need now. Approved borrowers receive their loan funds within one day of applying. Most people actually get their funds in a few hours since we can offer electronic transfers to bank accounts.
Upfront Loan Estimates
To reduce stress and keep applicants informed, we send out instant loan estimates indicating how much cash you could receive right after you apply.
You can enjoy all the benefits of title loans and quick cash by applying today.