Car Title Loans in Rowlett

If you are looking for a title loan in Rowlett, Texas, it’s a good idea to understand what they are and how they work before applying for one. A Dallas title loan in Rowlett can be an excellent way to secure a loan for yourself when you don’t have many other options. You can get a title loan easily if you own your vehicle outright. This includes a car, van, motorcycle, or motor home.

To receive a loan, simply fill out an easy form with the company, and they will hold onto the title of your vehicle as collateral. When you pay off the loan, you get your car title back. You will always have the use of your vehicle during the time of your loan, as the title loan company simply holds onto the title. These types of loans are great for helping people who may own their own vehicle but still have too poor of credit to get a loan from a bank or credit union. Plus, they are simple to apply for and fast. You can usually get the money you need within 24 hours.

It’s a very straightforward process to fill out an application for title loans Rowlett, Texas. One of the best parts about applying for a title loan is that you can do it from the convenience of your own home and computer. To receive a title loan, make sure you have the following on hand concerning your vehicle:

  • Year of your vehicle
  • Make
  • Mileage

You will also be asked some personal information when you apply online. This will include:

  • Name
  • Address
  • Zip Code
  • Contact Number

After completing the form, you will be given a personalized and free title loan estimate of how much your loan will be for the type of vehicle you have. Some factors will come into play when it comes to how much of a loan you will receive, such as the mileage on your car and the year. A loan representative will then call you at their earliest convenience to talk to you further about your title loan, and to answer any questions and concerns that you may have.

Title loan companies must also abide by state regulations in Texas. Usury protections found in the Texas Constitution forbid auto title loan lenders from charging their customers more than 10% in interest on their loan. In 2011, House Bill 2592 and 2594 were passed in Texas in order to give customers more protection concerning payday and auto title loans. House Bill 2592 now requires any payday or title loan company to provide obvious disclosers concerning their fees and interest rates. House Bill 2594 states that all car title loan lenders must be licensed and also regulated by the state of Texas. Borrowers can now check with the state to make sure the company they are applying with is licensed.

The benefits of getting car title loan in Texas

The benefits of getting car title loans Texas far surpass the negatives. Basically, anyone with a vehicle that they own outright will be eligible for a loan when they apply. You do not have to have a good credit score in order to be approved for a loan. The company will only look at the information you supply about your vehicle to determine if you are eligible. They will never check into your credit history.

Car title loans are easy to apply for and will help you receive a loan when you need it the most, without the hassle of going to the bank or asking friends or family for money. Whether you need fast cash to pay bills with, to make a home repair, to pay on school loans and more, a title loan can be your best choice.