College Station Title Loans

When it comes to title loans, you should know, first of all, that they are widely available in the College Station area. Secondly, you should know that they can be a wonderful financial help in a time of need.

Just in case you are not familiar with these loans, they are loans that are offered based on collateral. In this case, the collateral in question, as the name of these loans implies, is your vehicle title. Because your vehicle title acts as collateral on the loan, your credit or lack thereof is never an issue in determining whether or not you can qualify for a loan.

In fact, College Station title loans are available to almost anyone who has a lien-free vehicle title that can be used as collateral and a regular source of income that can be used to pay back the loan. As long as this basic criteria is met, these loans, which provide a great way to improve your credit, if paid back as agreed upon, are yours for the taking. However, before you take one out for yourself, it is wise to educate yourself on the title loan laws that exist in the state of Texas.

Understanding College Station Title Loans

To begin with, Texas state law considers title loans to be “small dollar loans,” since they aren’t typically for very large amounts. In general, how much you can borrow will be dependent on the value of your vehicle. The more your vehicle is worth, the higher the loan amount you can typically qualify for. Fill out the online application to get a title loan estimate.

It is important to remember, however, that you should never borrow more than you actually need or more than you can reasonably afford to pay back. Also, know that the loan is a short-term loan, meaning you will need to pay back your loan soon after it is taken out, typically within two weeks to a month.

With that said, however, most lenders are more than willing to extend your loan if needed, giving you more time to pay it back if desired. The key, should you find yourself needing more time to pay back your loan, is simply to communicate with your lender. Good communication, combined with smart borrowing from the start, will ensure a successful experience with title loans.

What You Will Need

As mentioned,the most important thing you will need to have in order to obtain a title loan is a lien-free vehicle title in your name. However, Texas state law does require some other documentation in order to obtain your loan. Typically, this includes the following:

  • Photo identification ( a driver’s license or state-issued identification card)
  • Your vehicle identification number (VIN)
  • Bank account information, which will typically be used to credit your account and withdraw your payments
  • Proof of a regular income
  • If liens have previously existed on the vehicle, proof that they have been cleared.

As long as you have these basic things and know the law, then you are well on your way to having a wonderful experience with Texas title loans!