Title Loans in Highlands, Texas
Title loans can be an important source of credit for anyone who suddenly finds themselves in a cash crunch. Title Loans Highlands provides a way for people to get the cash in hand that they need in just a matter of hours. Whether you have unexpected expenses, a month with less income than normal or any other cash shortfall, Title Loans Highlands can get you the cash you need to keep your life on track.
Highlands Title Loans provides the cash you need in a hurry
Like most other big cities in the United States, Highlands, Texas, as part of the Houston Metro Area, has seen a spike in living costs. While Highlands, Texas is a great place to both live an work, with a relatively low unemployment rate, it is a generally expensive place to live, especially for those who choose to rent. This can very easily leave people living paycheck-to-paycheck in a lurch.
Title loans Pasadena and Title Loans in Highlands can get you significant cash in your hand for those times when you just can’t make ends meet. A title loan is a loan that uses the borrower’s car for collateral. These loans have a number of large benefits over other types of short-term or instant loans, while keeping all of the good features.
A title loan typically offers far more cash to the borrower and typically at far lower costs than payday loans. A typical payday lender will only be able to lend $200 to $400 at any given time. This will rarely be enough to even cover part of one rent payment, especially in a rental market like Pasadena, Texas or Highlands, Texas, where the average one-bedroom apartment costs $1,600 per month to rent.
On the other hand, a title loan can get $10,000 or more into the hands of a borrower within a matter of minutes or hours. This is far more money than can be borrowed with almost any type of unsecured loan. But some borrowers are still concerned with what happens should they default on a payment. After all, their automobile is being used for collateral.
You get to drive your car, and the chances of losing it are extremely low
The good news about title loans is that the average title loan company will do everything in their power to work with the borrower to make certain that they can keep their car. Automotive title loan repossessions do occur, but typically only after all other avenues have been completely exhausted.
What’s more, you get to continue using your car, exactly as before, throughout the period of the title loan. And, unlike some of the horror stories we hear about the itchy trigger fingers that the repo men at pawn shops or mortgage lending institutions often have, where the lender stands to gain a great deal by taking possession of the property, cars are often poor assets to own for any other purpose than personal transportation. A title loan company almost never actually wants to take possession of the car that acts as collateral. Instead, holding title over the car is simply used as an insurance policy of last resort, should the borrower become unable or unwilling to continue paying down the principal.
Highlands Title loans have vastly better rates and are often quicker than payday lenders or pawn shops
Applying for a Highlands title loan is literally as easy as taking one minute to fill out the form right here on our website. After filling out the form, you’ll receive an estimate of the size of loan that your vehicle will make you eligible for. You’ll also be contacted by a certified title loan representative and sent directions by email to the nearest title loan location, where your loan can be picked up. It’s really that simple!
The rates of title loans are typically vastly less than other quick loan types. Depending on fees, a title loan may cost less than 10 percent of the loan amount.