Title Loans in Fort Stockton, Texas
You’ve probably seen the TV commercials that talk about credit score and how it’s important to constantly check on it through using credit score services. But sometimes when you’ve been through very bad financial situations such as bankruptcy or defaulting on credit card debt, you cringe over the idea of checking it, especially during times when you need a short-term loan to help you out. There are some secured loans out there including our car title loans El Paso that don’t check on your credit score or history and are dependent on your assets for approval. In fact, car title loans can be much more flexible than bank loans or even other quick loans.
You have to own a vehicle in order to be approved for an auto title loan, and all outstanding payments must be paid down so that there are no liens on it. Your vehicle title will usually be sent to you once you’ve purchased it and registered it in your name, but if it hasn’t you can obtain it by visiting the nearest DMV. If you’ve paid off any outstanding balances on the vehicle but still have liens showing on the title, you’ll have to pay a small fee to the DMV to get them removed.
How To Apply – Fort Stockton Title Loans
Your vehicle doesn’t have to be in perfect condition to qualify for title loans Fort Stockton, but you should at least be able to drive it. The newer your vehicle is and less mileage it has on it, the more you’ll be able to take out a loan for. You’ll fill out our online application first where we’ll give you an estimate of how much your loan could be, and then we’ll contact you as soon as you’d like to arrange a meeting with one of our title loans Fort Stockton lenders. You’ll need to bring your title to them as well as your vehicle to be inspected, and you’ll also sign documents detailing your repayment terms.
Also involved in the auto title loan application process is personal information which is needed to comply with Texas state law. You’ll need to bring ID with a photo on it that’s government-issued (cannot be a student ID or company ID). You also should bring one other document that proves your Texas address such as a bill or bank statement. The main title loan laws state that you must be the following:
- 18 years of age or older
- A permanent resident of Texas and must have your vehicle kept there.
Flexible Benefits Of Car Title Loans in Fort Stockton
While your vehicle’s value is the determining factor in your title loan amount, the vehicle is only technically put up as collateral. While the lender has a lien on your title until you repay the loan, you’re free to keep on driving your vehicle during this time. Usually the term of a Fort Stockton title loans lasts about a month as opposed to only a couple weeks like other short-term loans, and if you do find yourself in a crunch when it’s time to repay, auto title loans usually do have refinancing options you can pursue. You don’t even have disclose your reasons for getting a title loan because it’s backed by your vehicle’s value. Employment is also usually not required when you apply, but it can be helpful so the lender has assurance their loan will be repaid. Once you’ve completed the application, you’ll usually know within minutes whether you’ll get your title loan, and usually the funds can be received within 24 hours.
