Title Loans In Lubbock - How They Work
A title loan may be the perfect solution if you need money and don't want the time or hassle of a personal loan. Car title loans are secured loans that use your vehicle as collateral, or "security," for the loan. You don't need perfect credit, and for the most part, you may get pre-approved even with poor credit if you have a vehicle valued at $4,000 or more and can verify income.
Texas Title Loans offers fast pre-approval in Lubbock; borrowers can pre-qualify for fast cash with a car as collateral while benefiting from local lending protections. Call 844-243-3195 to learn how much you can borrow, or apply online for a pre-approval quote in Lubbock today.
*Overview of local loan caps, repayment schedules, and Lubbock County regulatory standards set under the Lubbock Credit Access Business Ordinance (Article 4.09).
What You Need Before You Apply For A Title Loan In Lubbock
- Proof of income: Verify income with pay stubs from your employer or bank records. Income may include child support, Social Security benefits, annuity payments, or government assistance programs.
- Proof of vehicle ownership: Do you own a car titled in your name? If so, we need proof that the vehicle is paid off and free of any liens. If you're borrowing against an old car with no title, contact your local DMV (The Texas DMV Regional Service has a local office off Slaton Road in Lubbock) to get a new "certificate of title" showing you as the sole owner. Apply with Texas Title Loans once you have proof of vehicle ownership with no liens or other holds.
- Proof of vehicle inspection: Most lenders can inspect your car or truck at their office. There are dozens of licensed locations in Downtown Lubbock and near Texas Tech University, or they can meet with you at your home or place of work. An in-person inspection is typically required if you're looking to borrow $4,000 or more.
Applying With Bad Credit In Lubbock
Title loans are a strong option for people with bad credit, and there are few other ways to borrow money if you have a FICO score under 700. With this type of secured loan, we use your car as collateral, so your credit score matters far less when determining your loan amount and repayment terms.
Lenders want to see that you can make on-time monthly payments and that the equity in your vehicle matches the amount you borrow. Our company offers pre-approval for title loans in Dallas and throughout Texas, so there's no need to worry if you live outside the Greater Lubbock Area. Even with poor credit, you can be approved for financing based on up to 70% of your car's resale value if you have a high-value vehicle.
What Types Of Vehicles Qualify As Collateral In Lubbock?
Applicants can pre-qualify in Lubbock using a lien-free newer car as collateral. But what other types of vehicles qualify? At Texas Title Loans, we can get you pre-approved quickly, and you may be able to pre-qualify with a lien-free vehicle. That means you can also cash out equity on a semi-truck or a motorcycle.
We also offer refinancing options for customers with an active loan. It doesn't hurt to see if you qualify for a refinance if your loan has an interest rate of 200% or more. We can get you a payoff quote with new terms in less than 20 minutes. Refinancing can help lower interest rates or adjust payment terms, but defaulting on any vehicle-backed loan, regardless of whether it's been refinanced , puts it at risk of repossession. Refinancing isn't for everyone, and you're probably all set if you already have a low-interest title loan. But why not call us at 844-243-3195 and get a refinance quote in minutes?
Title Loan Options & Repayment Terms in Lubbock
Loan Amount Range
$1,000 – $2,500
| Max Municipal Cap | 3% Gross Income |
| Max Installments | 4 Payments |
| Min Principal Paydown | 25% / Payment |
| Credit Requirement | Minimal Needed |
Loan Amount Range
$2,500 – $5,000
| Max Municipal Cap | 70% Car Value |
| Max Installments | 4 Payments |
| Min Principal Paydown | 25% / Payment |
| Credit Requirement | None (Equity-Based) |
Loan Amount Range
$5,000 – $20,000
| Max Municipal Cap | 3% Income / 70% Value |
| Max Installments | 4 Payments |
| Min Principal Paydown | 25% / Payment |
| Vehicle Requirement | High Value Car / Truck / Semi |
*Per Lubbock Credit Access Business Ordinance (Article 4.09), title loan repayments are capped at a maximum of 4 installment payments, single-payment loans cannot exceed 3 renewals, and every payment or rollover mandates a 25% principal balance reduction.
Where To Apply For A Title Loan In Lubbock - Online Or In-Person
There are dozens of companies licensed to offer title loans in Lubbock, and we work with many of the largest lenders in Texas. Most licensed lenders have in-person locations in Lubbock, with many concentrated in South Overton and the Arnett Benson neighborhoods.
You can also apply online or call 844-243-3195 to submit your documents and get pre-approved without visiting a store. After that first stage, you can wrap things up over the phone or meet with a local lender who can fund your loan in as little as one business day.
Getting an initial lending estimate in Lubbock is easy, and we can provide you with a quote in minutes based on your vehicle's make, model, and year. Cars, trucks, and motorcycles valued at $4,000 or more are most likely to qualify. Get started with Texas Title Loans to see how much you can borrow with a paid-off vehicle as collateral.
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