Title Loans in Graham, Texas
Let's Get To Know More About Title Loans in Graham
What is a title loan? A title loan is a loan secured by the value of the car. For the lender to offer the loan, the borrower must turn over the title to the car which the loan is being taken against. When the borrower pays back the loan, the lender returns the title. When it comes to title loans Fort Worth and Graham residents need to know more.
Lenders in Texas offer title loans to anyone who owns a vehicle with a clear title, as long as that person is 18 years old or older. There is no credit check involved. The borrower doesn't need to show proof of income. There is no fee for applying. All it takes is a simple online form, a quick phone call and a visit to sign the paperwork.
What Information Do You Need for Title Loans in Graham?
Since a title loan depends on the fair market value of the car, the primary information needed is about the vehicle itself:
- Year (1999, 2005, 2014)
- Make (Dodge, Chevy, Honda, Toyota)
- Model (Sentra, F150, Mirage, Dart)
- Style (LS, LT, AMB)
- Mileage (20500, 46971, 95872)
This information allows the lender to calculate the amount they can offer for the loan.
In addition to the car information, you will also need to provide some identifying information for yourself:
- Full Name, to start the application
- Email Address, to receive loan documentation
- Phone Number, to receive a call from a loan representative
- Zip Code, to get an accurate quote for market value in your area
Both the car information and the identifying information take a few seconds to put in. Then, hit the submit button. Within just a few seconds, you will receive a quote for how much the lender is willing to let you borrow against the car.
A loan representative will give you a call to talk over the loan application and to get a few more questions answered. Now, feel free to ask any questions you have to make sure you are comfortable. We are happy to give you any title loan help you need.
If you are ready to get the cash you need, just drive into our office to sign the paperwork. Once you do that, you can drive away in your own car with cash in hand.
What are the Laws About Title Loans in Texas?
The state of Texas has setup laws to regulate how title loans work for the state's residents. Here are the highlights:
- All lenders of title loans must be licensed in the state.
- All borrowers must be 18 years or older.
- The maximum amount of interest a lender can charge is 10%.
- There is no cap on the amount a lender can offer to a borrower.
- All loans must be resolved within 180 days of the loan origination.
Most lenders offer an initial loan term of 30 days. So, a borrower would have 30 days to pay back the money. However, if the borrower cannot make that 30 day period, the loan can be extended another 30 days. This renewal can happen for a total of 5 times, which would push the loan to the 180 day mark.
Here at Loan Cheetah, we want you to be comfortable with the entire loan process. That is why we will work with you to come up with the best repayment plan. We offer rates competitive with other title loan lenders in the area. We offer convenient locations so you can come into our office to finish the paperwork process. That is how title loans in Graham work.