Why Balch Springs Title Loans?
Title loans Balch Springs are the fastest way to acquire loans of $100 to $5,000 or more without requiring a credit check. This means that anybody with a steady income, a paid-off vehicle on which a lien can be placed as collateral, and a variable credit score can have their application processed and the money in their account within a day. Title loans also allow you drive your vehicle while the loan is still out, and quick repayment schedules give you the benefit of choosing how much you take on so you can ensure it’s paid back on time. Once paid off, the title is returned to your possession — no strings attached.
Compared to payday loans and cash advance services, title loans Balch Springs also tend to be less expensive provided they’re paid off within the first month. Online title loans have become a reliable and proven means of securing large sums of money on a moment’s notice, but not all title loan companies are created equal, and some are less honest in their trade than others. This is where Platinum Lending steps in and streamlines the process for you.
How Do I Apply For Balch Springs Title Loans?
Not just restricted to Balch Springs, we also offer title loans in Dallas. The application is as easy as they come. All you need to do is fill it in with your vehicle information and some personal details, and you’re all set. In addition to cabin vehicles, we also offer motorcycle title loans. When applying, we’ll need the following:
- Year, make and model
- Your name, phone number and zip code for contact purposes
When you’re all done, we’ll give you a free loan estimate based on the value of the vehicle, and a representative will get in touch with you as soon as they can. From there on forward, you’ll need to provide proof of ID and employment so we know who you are.
In Texas, there is no maximum loan amount, but the length of time for which a loan term can be carried can be no fewer than seven days and no longer than 31. Lenders are not allowed to charge more than 10% interest unless Texas legislature presents a situation in which authorized exceptions can be made. It is not legal in the state of Texas to be arrested for unpaid debt to a lender; however, you may be charged additional fees by the lender and the bank if the lender goes to withdraw money that isn’t there.
Benefits of Title Loans
Let’s recap on the upsides of title loans and why they’re the best option to procure money quickly:
- They’re fast. Most loans require various checks that need to be green-lit before sending you the money. Title loans don’t ask much in the first place, and therefore have fewer checks — we just need some quick information and the title of a vehicle in your name that’s already been paid off. You’ll get this back when your loan is settled.
- They’re easy. In most cases, having a credit score of less than 680 can quickly stump your efforts to obtain a loan, even if you have proof that it can be paid back in full by the deadline. We don’t take your credit score into account when checking your application.
- They’re inexpensive. Title loans charge lower interest rates inside the window of time you agree to pay it back. You can choose to carry out a loan of any size up to the legal limit in proportion to the value of the vehicle you’re placing as collateral.