Introduction To Title Loans In Perryton
Everyone faces uncertain financial emergencies sometimes. A broken arm and unexpected medical bill, an overdue car bill because work slows down, or other misfortunes often lead people with bad credit or low incomes to feel helpless to take control of things and prevent something like utility disconnections or evictions. Thankfully there's something called a title loan that can save the day. Title loans in Perryton are a form of secured loan that is meant to be repaid in a short period of time. We offer title loans in Perryton and title loans Amarillo. Sometimes these might also be referred to as pawn loans for cars. These loans are meant to:
- Put fast cash in your hands
- Bypass other lengthy loan procedures
- Help you get out of a financial crisis
How To Get Title Loans In Perryton
Getting approved for one of our title loans in Perryton is extremely easy. All you have to do is fill out our simple form. It will ask you for:
- Phone number
- Make of car
- Model of car
- Year of Car
- Mileage of car
From this information we're able to give you an accurate estimate of what amount of loan money we can offer to you. Applying is the easiest part and people are usually approved the same day - sometimes the same hour - they apply. There's no reason to wait if you need fast cash!
Legal Information about Title Loans
Texas is picky about the things it allows title loan lenders to do. First of all, the legislature wants to make sure that title loan companies don't unfairly inflate their interest rates and put bad credit borrowers at even greater risk of being in a financial hardship and/or losing their car. If a car title loan isn't repaid, you CAN lose your car because of it. To offset unfairness, a few regulations were put in place to oversee that lenders are being fair with borrowers.
If you take out a car title loan, you can renew it a maximum of 5 times after the original 30 day repayment period. If you're wise and can possibly manage it, repaying in 30 days is your best bet to avoid bloated interest rates. We are fair with our interest rates and always abide by the regulations set forth in the state of Texas. These regulations apply to Perryton as well.
Benefits Of Title Loans
Title loans are helpful to those who use them responsibly. They allow you to get a large lump sum of money all at once and then spend it however you see fit. There are no rules about how you spend the money we loan to you. You can spend the money on:
- Car repairs
- Old debts
- Utility bills
And that's just to name a few of the things you can use our loan money for. It's entirely up to you as to how you spend the money. The only part you have to agree to is that you will repay it by the time agreed upon. During repayment, you get to keep driving your car! That's a great relief for many borrowers to find out. You don't ever lose possession of your car during the repayment period for a title loan. As long as you repay, you'll have your car while you're spending your money, too.