How Title Loans in Eidson Road, Texas Help with Your Financial Problems
It's not easy to be prepared for a financial emergency. Considering the median income in Eidson Road is much lower than median incomes for the state and the country, saving money can be a big challenge. Fortunately for Eidson Road residents of this small community, there are title loans Laredo available to help in times of need.
Car title loans are a fast, simple way to get money, and you can use that money however you want. If your car breaks down and you're one of the many Eidson Road residents who commutes to another city for work, you probably can't wait to pay for those repairs. A title loan could help you there. If your home's air conditioning goes out in the middle of a hot, humid Texas summer, you can get a title loan and have it repaired that same day. How you plan to use the money is up to you, making title loans a versatile option.
Applying for Title Loans in Eidson Road Online
It can be challenging looking for title loans online, as listings often come up for lenders that are actually a long drive away. You don't need to worry about that when you go through the convenient online application we've set up for title loans in Eidson Road. It's available on our Apply page, and you start by making the following selections related to your car:
- Approximate Mileage
Once you've done that, we just need you to punch in this contact info:
- Your full name
- Your cell phone number
- Your email address
- Your ZIP code
We can put that information towards calculating an estimate on your title loan, which will assume your car is in good shape, and we'll have one of our helpful representatives get in touch with you right away to answer any questions you have. The representative will connect you with a title loan company near you where you can get your loan.
Texas Title Loan Laws
There's an age minimum of 18 on all title loans that has been put in place by the federal government, but besides that, the states set up their own rules on the title lending industry. Title loans in Eidson Road fall under the guidelines set by the state of Texas.
Texas doesn't limit how much you can borrow with a title loan, which means your lender will determine that entirely by how much your car is worth. There is a 10-percent interest rate limit, but no limit on fees. Since a title loan is secured with your car, the lender can repossess your car should you fail to pay. During the term of the title loan, the lender will keep your car, but you get that back upon repayment.
Flexible Repayment Options
One big benefit of title loans is how flexible your repayment options are. The normal title loan term is 30 days, and your payment due date will be the end of the term. But if you can't pay your loan off in full by then, you can pay a lower amount covering just the interest and fees. This extends the loan for a new term.
The state has a 180-day limit on all title loan contracts. Therefore, if you have a standard 30-day title loan, you can get up to five extensions this way before you hit the limit. At that time, you'll need to pay your title loan in full.