Title Loans in Harleton, Texas

Have you had trouble staying on top of your finances recently? You’re certainly not alone. There are many consumers out there who struggle with bills and wth a limited income. The ones who have some assistance to fall back on when they need it can handle any financial uncertainties simply and conveniently.

Take som of the stress out of your life by learning about title loans Dallas. This is a unique type of loan that allows you to use your vehicle as collateral. Those who struggle with the complexities of traditional loans or the high credit score requirements can lean on this type of loan for support in times of need.

The Unique Process that Harleton Title Loans Entails

It starts with an application. Any applicant will need to fill out an application to notify us as the lender of their identification and their vehicle details. Vehicle details will be on of the most important parts of this type of application. It’s necessary to know the make, model, and mileage of the vehicle that’s being offered as collateral.

After the application is filled out by the prospect borrower, it can conveniently be submitted via the Web. Applicants can complete an application without having to sit through an in-person interview.

Applications are quickly reviewed and a response is sent back very soon after they’re received. In the event that a loan is offered, a detailed loan offer will be sent that indicates how much can be borrowed and how much it will cost the borrower in interest charges.

After the loan offer is received, the applicant can decide whether or not he or she wants to pursue the loan. If the loan is desired, the applicant will send in his or her title to secure the loan and then begin making payments after the loan funds have been deposited.

Getting to Understand State Laws and Harleton Title Loans

Each state has unique laws about how title loans work. In Texas, there are a few limitations placed on title loans Harleton that you might want to understand before you seek a title loan quote. First of all, there is a maximum interest rate that is allowed on this type of loan. The maximum interest rate that’s permissible in Texas is 10 percent. Another limitation placed on this type of loan by Texas law is that there is a limit of 180 days on the loan term.

While the loan term and interest rate are limited by state law, it’s important to note that there are no limitations placed on the actual amount of title loans in the state, so borrowers can borrow as much as the lender is willing to loan out to them.

Things to be Aware of Before you get Started

It’s important to have a general understanding of some basic financial concepts that impact how title loans Harleton work. Consider the following:

• A title loan is a secured loan- Secured loans involve some sort of collateral being held by the lender. In the case of a title loan, this collateral is the vehicle. An unsecured loan doesn’t involve collateral but usually requires a very strong credit score.
• A title loan offers flexible repayment terms- The flexibility of this type of loan appeals to many consumers.
• A title loan sometimes requires a title with no liens- If you have a loan out on your vehicle, your ability to get out of title loans in Harleton will depend on how much equity you have in your vehicle.