Online Title Loans In Amarillo Texas
A title loan is a great way to get your money quickly. Anyone in Amarillo, TX, can apply with us to cash out the equity from their paid off vehicle. We offer auto title loans for both good and bad credit, and there should be options for you if you own a car with sufficient equity. Keep in mind, though, that under the Amarillo Municipal Code, your loan amount is limited by your income to make sure the monthly payments are manageable.
Our pre-approval process is straightforward to complete if you have your vehicle's information and mileage on hand. If you have any questions, please contact us at 844-243-3195. Online title loans allow you to borrow emergency cash with minimal credit requirements, and the underwriting process is much quicker than if you had applied for a personal loan! Before applying with a local office, please consider that these loans are high risk because they are secured to your vehicle.
The Steps To Apply For Car Title Loans In Amarillo, Texas
Step 1: Fill Out The Form Online or In Person
You can fill out our Texas title loan application from the comfort of your own home. Or you can meet with a local company at a regional office in Potter County to apply with a lender face to face. We offer vehicle equity loans to qualified applicants in Amarillo who want a simple process without unnecessary requirements that could delay funding. Apply online or call us at 844-243-3195 to start the title loan process. We can get you a quote based on your vehicle's value and estimated loan amount.
Step 2: Come To An Office In Amarillo And Show Proof Of Vehicle Ownership For Your Car Title
Once you submit your information online, you will receive a follow-up call within a few minutes. This will be from the customer service team at Texas Title Loans. They will review the application and may request a few additional documents. These documents may include proof of Texas residency and income verification. You will also need to verify that the vehicle is lien-free and provide proof of government-issued ID.
Sometimes, you may need to bring your vehicle in for a brief inspection. While this can seem like a hassle, rest assured, it will only speed up the approval process. Cars inspected in person by an Amarillo title loan company qualify for the highest loan amounts. Some lenders in Potter County will process your loan and get your cash in person within one business day after the vehicle inspection.
Step 3: Pick Up Your Cash At Any Local Lending Location
Once we have a clear title loan profile, you must sign the title loan agreement with your most recent title and pay stub. We can begin processing the lending paperwork and contract once you agree to the financing terms and loan amount. In most situations, we will send someone out within an hour of receiving all necessary documentation to process the paperwork and inspect the vehicle for our title lending service in Amarillo. This process typically takes less than a few hours, and you can also visit any inspection location in Potter County, TX. Once the vehicle is inspected and the paperwork is signed, you can have the cash wired into your bank account within one business day!
Quick Pre-Approval For A Title Loan In Amarillo With Poor Credit
Cash title loans are available to everyone with a lien free vehicle, regardless of credit history. We consider your car or truck's equity when applying for bad credit title loans in Amarillo, Texas. So, if you have a vehicle, we can get you cash today! Our underwriting process is fast and straightforward, with no credit check required, so apply with us today to get your real-time quote!
Most applicants applying for loans in Texas have bad credit or have missed payments on loans in the past, but don't let that hold you back from applying! The bottom line is that you have a decent chance of approval when using a newer vehicle as collateral.
In Amarillo, local lending ordinances create a "safety cap" for borrowers. Your loan amount with a title loan can not exceed the lesser of 70% of your car's retail value or 3% of your gross annual income.
You stand the best chance of qualifying for a title loan with a newer car in decent condition. Is your vehicle's title marked as 'salvaged' or 'rebuilt'? In these scenarios, you may still pre-qualify, but your loan amount will be substantially limited. Call us at 844-243-3195 to start the pre-approval process for an Amarillo title loan.
Drawbacks That Come With Amarillo Title Loans?
Online title loans are generally considered high-risk lending options in Amarillo, and that's why your interest rates are higher than you'd expect with a typical personal loan. Our direct lenders require no extensive credit check or lengthy commitment, so you may be approved for vehicle title financing even if your situation isn't perfect. If a secured financing company turns you down, it's likely because the equity in your vehicle doesn't cover the amount requested.
Find A Vehicle Title Loan Lending Office In Amarillo, Texas
All it takes is a quick search online to find a company like Texas Title Loans that offers access to secured loans in Texas. You can also drive around the Greater Amarillo area to find a local lender that allows in-person applications. There are dozens of companies off I-40 in Amarillo that offer walk in applicants, and you can also find a few direct lenders in nearby cities like Bushland that will let you apply for a title loan in Texas. Are you looking to borrow a larger amount with a title loan on a truck or high value vehicle? You may have the best chance of getting approved with a local lender that can inspect your vehicle in person.
To operate legally within the city limits, all lenders must hold a valid certificate of registration from the Amarillo Development Services Department. Lenders are required to verify your income using pay stubs or bank statements to remain compliant with Amarillo's affordability standards. Learn more about these local lending ordinances in Chapter 4-11 of the Amarillo Municipal Code.
Repayment Protections In Amarillo And Apply With Texas Title Loans
Taking out a car title loan in Amarillo is different from taking one out in other "unregulated" cities in Texas. To protect its residents, the city mandates the following:
The 25% Principal Rule: With every payment or renewal made, you are legally required to pay down at least 25% of the principal loan amount.
Installment Limits: Amarillo limits title loans to a maximum of 4 installment payments.
No Interest-Only Traps: Since 25% of the principal debt must be paid each time, your loan is designed to be fully paid down in four payments or fewer.
Texas Title Loans can take your application at any time of the day. Apply online through our website or call us at 844-243-3195! Cars, trucks, and motorcycles with model years of 2016 or newer have the best chance of qualifying, and we'll get you a lending estimate for a title loan in Amarillo in minutes!
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