Title Loans in Bay City, Texas
Who needs car title loans in Bay City?
Anyone might need a car title loan and there are many reasons. Sometimes, an emergency arises and funds are unavailable from any other resource. For those with poor credit, car title loans may be the only financing options available to them. Car title loans require no credit check and no collateral other than the clear title to the vehicle. For those who live in or near Brownsville online car title loans can provide them with almost immediate funds that can be wired into their checking account. Car title loans can be used for tuition, vacations, emergencies, or any other reason.
Are car title loans in Bay City Texas legal?
The state of Texas has no laws prohibiting auto title loans, although some individual municipalities have restrictions governing the amounts and duration of the loans. Some of the cities, such as Dallas, Houston, and San Antonio, limit the amount of the loan to 70 percent of the car's value or 3 percent of the borrower's annual income.
What are car title loans?
A title loan collateralizes the title to a vehicle in return for loaning money to the car's owner. The borrower needs to have a clear title to the vehicle, which means that the title must have no liens or other legal ownership restrictions on it. When the loan is repaid, then title to the vehicle is returned to the owner.
Car title loans are considered secured loans because they require collateral as a pledge that the funds will be repaid to the lender. An unsecured loan requires no collateral but it usually requires a very good to excellent credit rating. requirements for title loans are simple: You pledge the title to the vehicle and you receive your funds.
What's the process for obtaining a title loan?
Title loans in Bay City are very easy to obtain. The application is simple and easy to complete. Our free online title loan estimate will help you determine the amount of the loan you'll qualify for and you can complete all the information online. You'll need to have the details about your vehicle, such as the year, make, and model, as well as the mileage and your contact information.
Our many locations ensure that there's one convenient for you, so you'll need to bring your title and your vehicle to one of our convenient locations to complete the process. We can directly deposit your funds, usually the next day, so there's no need to make an additional trip to pick up a check.
Are title loans really expensive?
Our interest rates are competitive with those of traditional lenders and we have flexible repayment options. If the unexpected happens and you can't make the payments as agreed, be sure to contact us right away. We'll work with you to restructure your payments so that they agree with your finances.
This is a major difference between our title loans and a payday loan; payday loans must be repaid within two weeks. You also need to be employed in order to obtain a payday loan. We have no employment requirement. Our only requirement is that you have a clear title to your vehicle. We have no hidden loan fees, no application or processing fees, and there's no prepayment penalty, so you can pay off your loan early if you want.
How do I get started?
If you need cash and have a clear title to your vehicle, complete the form on this page and submit it. Be sure to include your contact information so that we can call you in case we need additional information. You'll keep your car and your cash too, so let's get you started on one of our title loans in Bay City.