CAR TITLE LOANS
WITH NO CREDIT CHECK

Yes, it is possible to get title loans in Texas without going through a hassle of a credit check. The time and hassle involved with traditional credit checks are annoying, and most lenders know that people who apply for this type of funding have bad credit. If they had decent credit, they would otherwise have little trouble qualifying for personal loan offers and would go that route, as unsecured loans have lower interest rates. That’s why no credit check title loans are an excellent choice for someone with spotty credit with a newer car to use as collateral.

How Do No Credit Check Title Loans Work

A no credit check title loan allows you to borrow money using a lien free vehicle as collateral, not your credit score. That means the main requirement is your car’s title, and while there may be a check for bankruptcies or repossessions, you won’t have to deal with a standard credit check.

You can borrow up to 80% of the vehicle’s resale value with a no credit check title loan, and there’s a chance you can complete the underwriting process in less than 24 hours. Texas Title Loans offers online pre-approval for these loans, and you should qualify with a lien-free vehicle.

Requirements To Get A Car Title Loan Near Me With No Credit Check

The requirements to get a no credit check title loan are easy to follow for anyone with a paid off vehicle. The car’s title is the main requirement; it must be in your name, and there can’t be any lienholders listed on the pink slip. We also require proof of income with employment statements or verification of bank records. Other requirements include a valid government-issued ID; some lenders may require an in-person vehicle inspection.

Title loans are more accessible than a typical personal loan because your car’s equity is more important than your FICO score.  Your car’s value is the security for a loan, and lenders know there’s collateral if you miss future payments or default altogether. So don’t waste time dealing with a lengthy credit check or days of underwriting from a personal loan lender. Instead, go with an auto equity lender that doesn’t require a credit check.

At Texas Title Loans, we provide access to local companies that offer same day title loans of $1,000 or more. You’ll need to bring in the vehicle for inspection. Still, since you don’t need a credit check, the approval process is quicker than ever, and most lenders in Dallas, San Antonio, and Houston will look past your loan defaults when underwriting a title loan.

Loan Amounts & Interest Rates For Title Loans In Texas With No Credit Check

The rates and lending amounts for no credit check title loans in Texas are similar to what we see in other states. Depending on the car you have and the lender you go through, you can expect to borrow anywhere from $500 to $10,000 by using your car’s equity.

Are you looking to borrow over $10,000 with a title loan in Texas? While most equity lenders won’t waste your time with a credit check on title loans under $10,000, that’s not always the case for loans over $10,000. The reason for this is simple: there’s only so much risk a lender can take on without checking credit. They’ll mostly look for serious credit issues such as bankruptcies and repossessions if you’re applying for a high-dollar title loan.

The interest rates vary with no credit check title loans but are typically higher than personal loans. Numerous companies offer title loans without checking your FICO score, and the hope is that you can find an APR that doesn’t approach 100%. Still, these rates will always be high, and some equity lenders have interest rates on title loans of 60% or higher. You can save money by running the different lending estimates through our car title loan calculator to find a lender offering fair rates in Texas.

Risks With No Credit Check Title Loans

Online title loans can be an effective way to borrow money when you cannot get approved for a personal loan. However, you should also consider the following risks before you move forward with a title loan lender that doesn’t check your FICO score.

• High Costs & Fees: Title loans without checking your FICO score come with high interest rates and fees. Even though we don’t check your credit history, there are still a few fees incurred when underwriting your loan.
• Repossession: No one likes to talk about it when first applying for a no credit check title loan, but you always need to be concerned about a vehicle repossession. Title loans are attached to your vehicle’s pink slip and you can lose ownership of your car or truck if you default on the payments.
• Aggressive Repayment Terms: The repayment window for a title loan can be challenging, especially if you borrow $5,000 or more. Title loans are often repaid quicker than unsecured loans, and you can save money on interest by being aggressive with extra monthly payments.

Apply For A Car Title Loan With No Credit Check

Start with Texas Title Loans when looking for car title loans without a credit check. You can apply with us and get pre-approved in less than an hour and many customers can borrow up to 65% of their vehicle’s value without worrying about credit issues! Title loans use your car’s equity as collateral, and we won’t even ask you to check your credit score when underwriting the loan.

The team at Texas Title Loans is standing by and ready to help you get approved for 24 hour title loans without ever checking credit. Apply online today or call 844-243-3195!