Title Loans in Everman, Texas
Without a doubt, emergencies seem to come out of know where when you are least prepared to handle them financially. For the most part, the average family has the same income month after month, which means any extra bills can become a burden. However, there is help on the way for replacing the water heater, old appliances or dealing with roofing repairs. Loan Cheetah is a title lending company that specializes in auto title loans Fort Worth for folks that need money fast. If you're like most folks, you need the money now and can't wait to get the water heater repaired or the car fixed. When bills come due, we're ready to help.
Our qualifying requirements for title loans are simple. All you need is a clear vehicle title, steady source of income, identification and references. Most folks have no problems meeting these conditions to get the cash they need today. You can continue to use your vehicle during the loan term, and we pay out in record time. Borrowers enjoy same day cash to resolve financial problems, prevent late payments or cover those small emergencies that crop up from time to time.
How Are Title Loans in Everman Secured?
Loans are either secured or unsecured. For instance, our auto title loans are secured using the paper car title to your vehicle. By offering your vehicle as collateral, we can be assured that you'll make every effort to make timely payments. As a bonus for securing the loan, you'll be entitled to a higher loan amount and a lower interest rate.
Lenders that offer unsecured loans, with no collateral, take on far more risk than we do if the borrower should default on the loan. So, their loan terms usually carry higher interest rates to get more money upfront, which means larger payment amounts for the borrower.
Are Contracts Required for Title Loans in Everman?
Contracts on auto title loans are required by federal law. You must be at least 18 years of age to enter into a loan and sign a contract. Basically, contracts are the written form used to confirm any verbal agreements that have been made between the title lender and the borrower. They are put in place to prevent misunderstandings and are designed to protect both parties involved in the loan.
Title lenders must follow the federal and state auto title loan regulations when drawing up contracts. Therefore, all the important title loan terms must be included within the contract such as:
- Any applicable loan fees.
- The interest rate for the vehicle title loan.
- The amount of money you'll be paying for interest.
- The total cost of the loan you're financing.
- Minimum loan amounts throughout the loan period.
- A repayment schedule, which defines the payment amounts and the dates they are due.
- Information about collateral.
- What can happen if a borrower fails to make payments according to the contract.
When and How Do I Apply for a Car Title Loan?
Our applications for title loans in Everman are available 24 hours a day online. Therefore, you can apply any time it is convenient for you. To begin the application process, we'll require the following information on your application:
- Your first and last name, zip code and phone number.
- Your vehicle information, which includes a mileage estimate, the age of the auto and the make, model and body style.
All applicants receive an instant loan estimate immediately after applying. Applications are processed rather quickly, so make sure you have your income information on hand when your loan representative calls to discuss loan terms, qualifying and loan repayment plans.
Fast cash and no credit qualifying are two great reasons to consider title loans in Everman today.