Title Loans in Greenville, Texas from Loan CheetahTitle Loans Greenville: What You Need to Know
Many people agree that vehicle title loans are among the easiest ways to borrow money. These loans process fast and there’s little hassle, which makes them a great option when you need cash in hand fast. These loans are secured, which means that the lender assumes little risk. The collateral is the title for a car, truck or even a motorcycle that you own outright. Practically all vehicles have enough blue book value for a loan, and even salvage cars and the like can serve as suitable collateral.
A common short-term alternative to title loans in Greenville are payday loans, but these loans aren’t secured, which means that they tend to cost more in the end and don’t provide as much flexibility when it comes to loan amount and loan term. Personal loans from a bank are also an option, but this process is rarely as fast and hassle-free. Consider that Alliance Bank probably won’t consider a secured loan and will instead want you to meet its credit score and income requirements. Additionally, banks like Chase and American National Bank of Texas will often have loan minimums as high as $5,000 and have early repayment penalties in place to ensure their compensation.
Title Loans Greenville: Securing Your Loan Online
Title loans in Greenville are available locally, but you can also apply for and even finalize online auto equity loans without ever leaving your home through services like Loan Cheetah. You’re only going to need some basic information to get started, such as:
- Your full name and zip code
- An email address and/or phone number
- The make, model, and year of your vehicle
- An odometer reading or estimated mileage
Once you’ve submitted the simple Loan Cheetah form, you’ll receive a response from the system in about two seconds. That estimate will give you an idea of how much you can borrow. If you choose to proceed at that point, a loan representative will contact you. You can ask the representative questions, and when you’re ready to continue, he or she will guide you through the remainder of the process.
Regulation of Title Loans in Texas
Most states have laws that protect consumer interest when it comes to title loans, and Texas is no exception. These laws cover title loans in Greenville, title loans in Dallas and throughout the state and are defined in House Bill 2592 and House Bill 2594. All lenders are required to be licensed and meet certain obligations to maintain that status. Contracts may not extend beyond 180 days, and there are laws in place to govern how much interest and fees a lender can charge and how they must inform you of this information.
Why You Should Consider a Title Loan
Title loans in Greenville are a great borrowing option because they:
- Often finalize in under 15 minutes
- Let you borrow the amount you want
- Allow for short repayment periods
- Don’t require credit checks and other hassles
It’s all about getting the money you need for whatever purpose and being able to pay it back on your schedule, and that’s what a title loan does. Lenders don’t need credit checks or background screens, which means that approval rates are usually well above 99 percent. Employment and income verification also isn’t needed, which means that these loans are still a great borrowing option if you’re between jobs or collecting disability.