Title Loans in Lake Dallas, Texas
Sometimes situations come up that leave you short on cash. Maybe your car breaks down unexpectedly on Swisher Road and you need to have it towed to a mechanic. If you’re among the many Lake Dallas residents who commutes to another city for work, you probably can’t wait to get your car fixed, even if you don’t have enough money right now to pay the bill.
In a town with under 10,000 people, loan options aren’t exactly plentiful, but there are title loans Denton which can help. If you have a car and it’s in your name, you can give the title to a lender as collateral on a title loan. You’ll get your money that same day, and once you’ve paid everything back, the lender returns your title.
Finding Title Loans Lake Dallas Information Online
If you’re interested in getting a title loan, you may be wondering how you can apply for it. Here at Platinum Lending Ltd., that’s no sweat. We’ve set up a simple online application for Lake Dallas title loans . It’s very short, taking a minute at most, and you can find it here on our site in the Apply section. There are two quick sections to the application, and they require the following:
- Your vehicle info (year, make, model, style, approximate mileage)
- Your contact info (full name, phone number, email address, ZIP code)
Plug all that in, submit the form to us and we’ll be able to figure out a vehicle title loan quote, assuming that your car is in good shape. We will also tell one of our helpful loan representatives to call you as soon as they can and connect you with a title loan company in your area.
How Does Lake Dallas Title Loans Work
Most title loan regulation is done at the state level, besides the federal age minimum of 18. Other than that, Texas’s regulations cover title loans in Lake Dallas.
When you get a title loan, you’re using your car as the collateral, but you keep it while you pay back the loan. The lender only has your car title. The lender can charge a maximum of 10 percent interest because of state law, but there could also be fees on top of that. There isn’t a state maximum on your title loan amount.
Your title loan term will most likely be 30 days, as that’s what most lenders use. Texas has a 180-day hard limit on title loan terms. You can extend a loan until you reach that 180 days, at which point you need to pay it off in full.
Using Title Loans Lake Dallas the Right Way
Title loans have all kinds of helpful benefits. The application processes are very fast and convenient with high approval rates, and there’s no credit check involved. For those who have had some financial missteps in the past or those who just need money right away, a title loan could be the best option.
It is important that you borrow responsibly so that you can make the most of your title loan. Most importantly, you should have a plan to pay back the loan. Remember that title loans are designed to be short-term loans.
Keep that in mind and your title loan will be a valuable tool to help you with immediate expenses. The best thing about title loans is that they allow you to handle your most pressing needs, relieving you of stress as you get back on your feet.