Cash For Your Car’s Equity With A Title Loan In Fort Worth

Texas Title Loans offers access to fast funding with auto equity loans in Fort Worth. A title loan uses your car’s collateral as security for a loan, and there’s often no credit check. Instead of relying on your credit score, a lender looks at the equity from your vehicle, determining how much money you can borrow.

Loan amounts start at $1,000, and customers can borrow upwards of $10,000 with high value cars and trucks. Expect a loan amount based on 40% to 70% of the vehicle’s value, meaning a $6,000 car can lead to a title loan of $3,000 or more. Read on to learn about what you need to qualify and how these loans work for customers in Fort Worth, Texas.

 

What Do I Need To Get A Title Loan In Fort Worth, TX

The main requirement will be a paid off vehicle and title documents from the Texas Department of Motor Vehicles to get started. Sometimes, you can get preapproved without the ownership documentation solely based on your vehicle condition and ability to add the lender as a lienholder to the title. Request an official copy of your pink slip at the Fort Worth Regional Service Center and there’s a good chance of same day approval if all the paperwork is submitted before 2 pm CST.

Most lenders require that only one individual holds the title. If this is the case, Texas companies allow you to get a loan on a vehicle if it has more than one titleholder. You also need to submit proof of comprehensive vehicle insurance coverage, proof of active vehicle registration, and an active driver’s license.

 

Apply for a loan in downtown Fort Worth Texas

 

Payment Terms And Interest Rates To Expect With A Fort Worth Auto Title Loan

Funding for a title loan in Fort Worth averages $3,000, and borrowers need to weigh the amount they want to borrow with the anticipated interest rate. Before signing any agreement or paperwork, this information should be readily available from any licensed loan company in Texas. A percentage each month that adds up over time is known as APR, which stands for annual percentage rate. The higher an APR is, the more money a borrower can expect to pay for this type of financing, and in Texas, these amounts can range from 20% up to 100%! Because of these high rates, paying twice the required payment monthly is always recommended.

 

Vehicle Title Loans Fort Worth TX Local Lenders

If you feel inclined to go with a reputable title loan company in the Metro Fort Worth area, you have many options. In addition to being a large city with multiple finance companies looking to offer instant financing, many towns in Tarrant County offer some form of funding for your vehicle title.

You will always have the choice of applying for online title loans in Fort Worth or working with a local company. One option that works well is to get going with your online application from a company like Texas Title Loans. We input all your info and determine the loan options and payoff you qualify for. After you are conditionally approved, you will take your vehicle and car title to a nearby location to sign the final documents and inspect your car. This process takes only a few minutes, and there are many convenient locations in The Stockyards, Arlington Heights, and Downtown Fort Worth where you can get everything signed off!

Meet with Texas Title Loans at any lending location in Texas, apply online, or call us at 844-243-3195 to start your application. We can get you approved in less than an hour, and you will be on your way to borrowing $1,000 or more with your car’s equity!

 

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