Title Loans in Athens, Texas
Sometimes, it's hard to plan for all the expenses that come up and need to be attended to. Managing one's budget can be one of the most challenging things in life. Any resources you have available to you to help with budgetary issues can be a lifesaver when you're short on cash.
Unfortunately, having a low credit score can make getting spare cash when you need it very difficult. If you have a vehicle, you'll want to be aware of the fact that a vehicle can be used as collateral on a convenient loan.
Familiarizing yourself with the title loans in Athens process
Taking out any sort of loan inevitably involves filling out an application. Title loans in Athens require you to fill out an application, but you'll be happy to know that this application is not very complicated. Also, you'll be happy to know that you can apply online and you don't have to sit through an interview in person in order to apply.
You access the application on our website and just have to enter some basic details about your identity, your work situation, and your vehicle. Your vehicle will be an important consideration in this type of loan application because it is used as collateral on the loan in question. Information entered about your vehicle will be used to determine its value. You'll need to provide details about how old your vehicle is and how many miles are on its odometer. Another thing you'll need to provide is the make and model of the vehicle. All this information is important in determining the vehicle's value.
Entering information on your application shouldn't take long, and once you submit it you'll be happy to know that it will quickly be reviewed by us to determine your loan eligibility. If a loan offer is possible, this loan offer will be sent quickly and it will include all the details you need to judge the suitability of the loan in question. We'll provide details on how much the loan is for as well as how much you'll have to pay in interest in order to borrow the loan funds. If all this information suits your needs, you can finalize things and send in your vehicle title to get the loan funds sent to your account. Afterwards, you'll start the repayment process until you pay things off and receive your returned vehicle title.
Title loans in Athens: How Texas law has an impact
Anyone who's thinking of applying for car title loans Irving TX should know that the state of Texas regulates the title loan industry and puts some specifications on what types of title loans can be offered in the state.
The following are the basic three things you need to know about laws in the Lone Star state:
- There is no limit on the loan amount, so you can borrow as much as the lender will lend up to the value of your vehicle.
- The state of Texas places a cap of 10 percent on the interest rate 10 percent on the allowable interest rate on these loans.
- The term on title loans in the state is limited to a period of 180 days or less.
A few key points to keep in mind
- Title loans are secured loans with a vehicle held as collateral.
- Lenders of loans on car title are typically willing to offer flexible repayment plans.
- A lien could be okay as long as the borrower has enough equity.