Online Car Title Loans in Longview, TX
Texas Title Loans is here to help Longview residents with all their equity lending needs. Most people who apply for online title loans will work with our company to get cash for their vehicle title, and we make the lending process easy for anyone with a car or truck titled in their name. These loans allow you to keep driving your vehicle as you wish while making payments.
While there's a chance your vehicle could be repossessed if you don't pay your loan on time, you won't have to worry about losing it if you make all the required payments! A loan can come in handy when fast cash is needed, and we can find a lender in Longview who will accept a percentage of the vehicle's value as collateral. Expect lending terms based on the lesser of 3% of your gross annual income or up to 70% of the vehicle's resale value. The good news is that we can help you get an online title loan with no hassle pre-approval!
Quick Cash From A Title Loan Company in Longview, TX
An online title loan can be taken out by a qualified applicant with a vehicle valued at $4,000 or more. Instead of relying on your credit score, these loans use your car's equity to get you approved and funded. A title loan only requires you to sign a specific loan agreement that gives your lender a lien on the vehicle you use as collateral. This agreement explicitly details how the loan can be repaid if the borrower defaults and resides in Longview, Texas.
One of the best things about online car title loans in Longview is that you can get your funds within one business day, and some Texas lenders can fund your loan an hour or less after you meet with them in person. While your FICO score is not the main underwriting requirement, lenders in Longview must verify your income (with a W-2, pay stubs, or bank records) to confirm that your loan amount complies with the city's affordability requirements. Call Texas Title Loans at 844-243-3195 anytime to get a pre-approval quote and cash out the equity from your vehicle!
Requirements To Get a Bad Credit Title Loan in Longview
Full vehicle ownership is usually the main requirement to get a title loan in Longview that uses your car as collateral. Additional requirements may include bringing in your vehicle for a 20-minute inspection, a state-issued ID, a valid vehicle registration, and proof of income.
Under current regulations, a lender in Texas can repossess the car without prior notice if you default on the payments. This option is only if the lender can sell the vehicle, and there are many ways to get your car back in Texas. The loan amount can be for 70% of the car's resale value, and some customers can borrow more using a high value car or truck.
Repayment Terms For A Title Loan
In Longview, your repayment terms are set according to Chapter 20 of the City Code. This ordinance limits the payment terms for a title loan to a maximum of 4 installments. Each payment you make must reduce the principal balance on your loan by 25%, and that means a title loan in Longview is designed to be within 4 payments.
If you're having trouble repaying your loan, we advise contacting your lender as soon as possible and informing them of your circumstances. Title loan companies in Texas understand when you explain the situation, and there's a chance they'll hold off on repossessing your vehicle. Contact Texas Title Loans at any time if you're having trouble paying off your existing title loan, and we'll do whatever we can to find a local lender in Longview that will work with you!
Longview City Lending Ordinances - In Depth
To legally offer car title loans in Longview, all lenders must get a Certification of Registration from the Longview Police Department. In addition to those registration requirements, the following protections apply to Longview residents:
Loan Amount Restrictions: Your title loan amount cannot exceed the lesser amount of 70% of the value of your vehicle or 3% of your gross annual income.
Renewal Limits: You can renew or roll over a single-payment loan only 3 times.
Mandatory Principal Reduction: Interest-only payments are not allowed. 25% of every payment must go towards the principal.
Approval and Funding for Car Title Loans in Longview, Texas
Once you are approved for title loans in TX, you will receive the funds directly from the lender, ready to use for your financial emergency. So go ahead and fill out our online application or call anytime during regular business hours at 844-243-3195!
Other Cities In Texas: