Everyone runs into those times when a little extra cash can help to get over an unexpected financial hump. For those who have clear title to a vehicle, title loans in Saginaw is a simple solution to what could be a huge problem. Banks and other traditional lending companies have begun demanding that personal loans be no less than $1000. In the case of the large banks, those loans come at a minimum of $3,000 to $4,000. Such institutions also demand a credit check, harming credit ratings, and normally take at least a week to get approval and have a lifespan of three to four years.
Title loans have a different format. Title loans in Saginaw come in for as little as $100. Title loan companies do not perform a credit check. They do require the ability to place a lien on the title of your vehicle. However, once the loan is satisfied, the lien is dropped. The normal lifespan of a title loan is only thirty days. Unlike bank loans, title loans in Saginaw are designed to get through the small adventures in life: an unexpected expense, a last-minute visit to an ill relative, or even a little extra for a child’s birthday.
The Texas title application process is simple. You are already on this site, so your curiosity is piqued, and your need is established. If you are eighteen or over and have clear title to your vehicle, and are a resident of Texas with a driver’s license to prove it, you can get a car title loan in Texas. Simply hit the “apply” tab at the top of this page and proceed to fill out the information to begin the application and to find the amount for which your vehicle entitles you to apply. Take these steps:
The next page allows you to put in your personal contact information. On this page, you will also indicate your approval to be contacted with the quote at your email address and via text on your phone.
Hit the submit button, and you have finished with the application process. You will receive a quote in minutes and approval to place the funds in your bank account shortly after that. For your convenience, you may choose to place your title loan in Fort Worth.
Car title loans Texas style has an interest cap of 10%. However, fees are not capped and run around 25% of the loan amount. The loans run for thirty days, but can be renewed at the time of completion. The renewal will require another fee. If the loan company does not approve a renewal, they can repossess your vehicle and sell it to retrieve the funds owed.
Car title loans are a quick and easy method to get cash. They are allowed in Texas because the Legislature recognizes that there is a need for people to cover those unexpected expenses that crop up now and then. To find peace of mind when those emergencies come up, consider a car title loan as a hedge against unfortunate happenstance.