Title Loans Allen, Texas
Individuals may have varying expenses due to life events and may need the assistance of personal loans. When considering your options, many of us learn that bank loans are harder to obtain. Since credit is a major factor, banks often seek applicants who have a good credit rating, with the minimum at 650. On the contrary, taking out a title loan in Allen is a better way to get fast cash without having to give out your credit information. Information you give out to the banks can be sold to third parties, whereas our title loan lenders are committed to your privacy. In Texas, you may be qualified to take out a loan of up to $1,340. To learn more, just apply with us online and get free title loan quote instantly!
How Do Allen Title Loans Work?
Banks use your credit score as a source to determine if you get approved or not. With title loans Texas, lenders use your vehicle title as security. Titles are granted to people who have completed the payments necessary to own their vehicle. If you bought your car from a dealership, they take care of the paperwork necessary. However, if your car is from a private seller or if you have inherited it, you will need to get the title transferred at the local Department of Motor Vehicles in Allen
Allen Title Loans Application Process
You can begin the title loan process by applying with us online or by phone. Regardless of how you choose to proceed, our loan representatives will be available 7 days a week to assist you in the process. If you choose to apply online, all you have to do is fill out the form we provide. Just gives us information about your car surrounding the make, year, model, mileage and style. It takes a minute or less to submit an application. Best of all, the entire process is free!
Other than having the vehicle title, you will need to present other documents to your lender at the time of the negotiation, including:
- Photo ID (Government-issued photo identification such as a Driver’s License, State ID or Passport)
- Proof of income (Recent bank statements or pay stubs)
Unemployed or Self-Employed
If you are someone who falls under those two categories, you can still apply for a title loan but will need to provide other forms of income. Typically, if you are unemployed, you will get government aid depending on your circumstance. If so, you can present those records as a proof of income. Moreover, any individual who is self-employed will also be able to present proof of income by presenting their bank statements. As long as you are receiving some sort of steady income, you can still get the title loan.
How Much Can I Get?
Depending on the vehicle you own, you can borrow up to $1,340. However, multiple factors can affect your loan amount. If your car has any damages, or has been involved in any car accidents in the past, your loan can decrease. On the other hand, if your vehicle has been improved in any way, you may be able to get more than what you were initially told. If you want to know more about how much your car is currently worth, you can visit online appraisal sites such as Kelley Blue Book or NADA. Our title loan lenders will often use these services to refer to when it comes to negotiating your loan amount.