It happens to everyone. The bills come too quickly or something terrible and unexpected happens, then there is no money to pay for the regular household bills or for the extra problem that has happened.
When you search for title loans Friendswood or title loans Texas on the Internet, there will be many loan shops that come up. This is a great thing because these shops will not judge your situation and want to help you the best way they can. Texas Title Loans can help you out no matter where you’re located in Texas, including residents of Houston.
To begin the application, you can search on the Internet for title loans Texas or title loans Friendswood. Once you have chosen the shop that is right for you:
Make certain to give all the information about your car:
Once that is finished, you can choose to have a loan representative call you and discuss the terms of the loan with you or go into the shop. You will need to visit the shop at some point to get the money. When you arrive at the shop, they will be able to pull up your information and continue with the loan process quickly.
Legally, the Texas Legislature accepts title loans because the Credit Services Organization Act registers the shops as a third party lender. Therefore, the shops can charge any interest rate they choose, but the customer can negotiate those rates if the shop will accept the negotiation. While a negotiated rate for the loan is rare, it can happen, if the situation warrants it. The loans can be assigned a time period of weeks or months, depending upon the borrower’s needs. Rolling over the loan, to either add more to the amount borrowed or adds more time to pay it off is an option for the borrower when the need is there.
The loans can only be issued to people with a valid identification card, like a driver’s license or a passport. The borrower needs to have a current checking account for the shop to electronically debit the money from when it comes due. The last thing needed to get the loan is a job. Proof of employment is an important and legal requirement for getting a loan.
These loans allow the borrower to pay off pressing financial needs without allowing the family’s budget to suffer. The loans are guaranteed by the borrower’s car; therefore the value of the car is used to determine how much the borrower can receive. This allows the borrower to decide how much to borrow and keep control on their loan.