Auto Title Loans In Rendon, Texas Allow You To Keep Your Vehicle
Have you ever gotten overwhelmed after going through your finances and finding out how much you owe on certain bills or student loans? Your first thought is usually wondering how you're going to pay all that debt off. Getting rid of all your debt is going to take a little time and dedication on your part, and possibly even the counsel of debt management specialists if things are really tough. But there is a solution that might be able to take care of some debt in the short-term. If you're a resident of Rendon or the Grand Prairie area of Texas, our vehicle title loans in Rendon can put money in your pocket to help pay some of your debt.
It's important to bear in mind that Grand Prairie car title loans are not like other major loans in that they need to be paid off fairly quickly, usually within a month or so, and they are not meant to be used like mortgages or regular vehicle financing loans. But if you have smaller bills that can be paid off with a vehicle title loan, taking care of those first is a great start on the road to debt relief. There's several reasons why these loans are good choices for you if you're having trouble making extra money.
You Only Give Up Your Title To Use Car Title Loans In Rendon, TX
When you apply for a personal or business loan, you're usually applying for an unsecured loan which means the lender is making a loan simply under the assumption that you'll repay it. But when you take out a vehicle title loan, you're taking out a secured loan by pledging your vehicle to the lender. But you can actually still drive and take out a loan with this kind of secured loan because your title is used to secure the loan instead of holding the vehicle itself. You have to have your vehicle title to take out title loans in Rendon, TX and if you don't have it, you may have to go down to your local DMV center to get it or if you currently have a lien on it, you may have to head to the lienholder to have it transferred to your name.
No Credit Checks For Car Title Loans In Rendon, TX
You've probably seen those commercials about credit score and the actors explaining why it's important. Most times when you apply for an unsecured loan, you need to have a reliable credit score to be accepted because the lender wants to know you're not a borrower who's struggled to repay debt. But with car title loans in Rendon, you could have bad credit or not credit and still qualify because the lender has collateral in your vehicle and holds the title. Also, your income is usually a pretty good indicator that they'll be repaid at some point.
Things You'll Need For Applying To Our Car Title Loans
The paperwork you need for car title loans is fairly small compared to other loans, but there are still things you need to do to make sure you adhere to legal codes and get the right loan amount. First, you'll start with our online car title loan estimate application where you'll give us the following details:
- Vehicle make
- Vehicle model
- Vehicle mileage
- Vehicle year
Then, you'll take your vehicle to the lender's store when you go to sign the paperwork for your title loan. Your vehicle will be inspected to make sure it's accurately appraised, but you'll also need to have these documents to prove you are 18 or older and live in Texas:
- Photo ID from the state such as driver's license, resident card or military ID
- Earnings statement or utility bill with your physical address and that also reflects your income on it
Once you finish the paperwork, it should just be a matter of hours until you receive your title loan funds.