Car Title Loans in Lubbock, TX
You may have heard a lot about title loans in Texas, but did you know that they are one of the fastest, easiest way to get money when you need it quick? In fact, many borrowers who take out a loan against their car are able to secure their terms in just a few minutes and have their loan money in hand in a matter of hours.
Title loans are short term collateral loans, which means that they use your vehicle’s title as collateral for the amount you borrow. Borrowers generally get between a few hundred and a few thousand, and will have one to a few months to pay everything down in full.
By design, these loans aren’t meant to be the same as bank loan. When getting title loans Lubbock borrowers are actually getting the cash they need to take care of their most pressing or unexpected financial concerns. That way, borrowers have the opportunity to make longer term financial plans without having to worry about immediate expenses.
All it takes to get started with a title loan is a clear car title with no liens against it. Your lender will hold onto that while you borrow, and once your loan has been repaid in full the title will come right back to you. In the meantime, you keep the car and you still get the cash you need to make ends meet.
The Best Title Loans Lubbock Has To Offer
Finding title loans is easy, but finding the right title loan for you is a bit more challenging. That is why at Platinum Lending we have developed an innovative solution to help you find the loan of your dreams. We will work with you to find you car title loans online that are customized to meet your personal borrowing needs. To get started, just use our simple online form to tell us a bit about your car, including:
- The vehicle’s model year
- Its make
- Its model
- Its style
- And its estimated mileage
From there, you will get a free, instant estimate letting you know how much you may be eligible to borrow. Then, we will get to work finding the best title loans Texas lenders can offer, and matching you with terms that are custom selected to meet your individual borrowing needs. You will review and approve your terms, but we will take care of the research and legwork for you so that you get a loan faster and with less stress.
Title Lending In Texas
Title lending is a safe and legal practice in Texas, but unlike most other states there is no statewide regulation regarding how lenders should practice within the state. Instead, Texas has left it up to regional and local governments to make policies best suited for their individual areas.
Title loans in Lubbock currently has no local ordinance regulating title lenders, but there are still some things you should look out for to make sure you are getting a good loan from a good lender. First, check to make sure your lender is properly licensed through the Office of Consumer Credit Commissioner. Unlicensed lenders are operating illegally and shouldn’t be trusted with your car’s information.
Also take a look through your loan agreement before you commit to borrowing. Make sure you understand all your terms, including how much you will be borrowing, at what interest rate, with what additional fees, and for how long. If your lender is not willing to make this information clear upfront, do not work with them. Instead, reach out to us at Platinum Lending. We can find you a secure loan in just minutes that will keep you happy for as long as you borrow.