Vehicle Title Loans In Plano, Texas
Do you know how to get money with a title loan and what's required to qualify? At Texas Title Loans, we pride ourselves on offering consumer-friendly loans to those who need a financial break. Unlike many unsecured lenders, we focus exclusively on Texas and understand what's required to get approved and underwritten quickly for a car title loan in Plano. Compared to some other big-box lenders, our company aims to offer access to title loans of $1,000 or more, with cash payments available via direct deposit or ACH.
Title loans use a vehicle as collateral for a loan that's based on the equity in your vehicle. You'll make monthly payments over 12 to 48 months to repay the loan. These loans are easy to fund for anyone who owns a vehicle, and Texas Title Loans can start the process quickly in Plano. We'll get you a pre-approval lending estimate in less than an hour!
What about My Bad Credit
It turns out that your bad credit score won't affect whether you're approved for a title loan. Here in Plano, the emphasis is on the equity in your car or truck, and that collateral determines your loan amount, interest rate, and repayment schedule. Even if you have a FICO score of 500 or lower, you can still pre-qualify for an auto title loan that uses your vehicle's equity as security for the loan! Interest rates on a title loan in Texas are high, so you don't need to worry much about your credit score.
What's Required To Get A Title Loan In Plano, TX?
The underwriting requirements for a title loan in Plano include some form of personal identification, a current employment history, and verifiable income demonstrating your ability to repay the loan. A bank statement showing monthly income is usually sufficient. Of course, the main requirement for a title loan is showing proof of a paid off vehicle. The car, truck, or SUV has to be titled in your name, and you will sign over the title to your lender when the loan is finalized and funded.
Most newer vehicles will qualify, and we'll likely have to inspect that vehicle in person per state DMV requirements. Whether you live in Willow Bend or off Preston Road, we are confident you can get an inspection near you in Plano. You must also follow and respect the title lending laws in Texas and the local city codes that regulate finance companies in Plano.
The process to get a car title loan in Plano, Texas
Don't worry about how long it will take to get cash from the equity in your car or truck, as the approval process is far more streamlined than for a personal loan or payday loan! Our local underwriting team in Plano reviews your loan application within an hour, and some customers can get approved for an online title loan without a store visit! That means if you have your title document and proof of income, your loan can get pre-qualified quickly.
We promise the time to get funded will be quick, and you can even pick up the cash in person at any licensed funding location in Collin County if you qualify. Please apply online with Texas Title Loans or call us at 844-243-3195!
Cash Out Equity With A Title Loan In Plano
All types of newer paid-off cars can qualify for a title loan in Plano, and we can also match you with a local lender that offers title loans on trucks, RVs, and motorcycles! These secured loans are all possible because they use equity from a vehicle or motorcycle registered and titled with the state. Assuming you have enough equity, you should be able to qualify for the minimum title loan amount of $1,000 in Plano.
Similar to a title loan on a car, you'll also need proof of insurance and registration for a motorcycle or truck title loan, and most of these loans can be processed within 24 hours. You can schedule and finish the inspection immediately after you get an initial estimate and some lenders in Plano will come to you to sign off on the loan and inspect the vehicle or motorcycle in person.
Call Texas Title Loans at 844-243-3195 or start the application process online to get a no obligation quote today!
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