Title Loans In Mila Doce, Texas
You probably normally think of loans as credit cards or mortgages meant for large payments. But there are also smaller loans that nearly anyone can qualify for including McAllen title loans online. These car title loans use your vehicle’s title to take out a loan based on its value. But instead of actually giving up your vehicle as collateral, you only sign over the title to the lender to place a lien on it till the loan is repaid. But the great thing about title loans is there’s really no restrictions on what you can use them for.
There may be several other things you didn’t know about title loans Mila Doce. You don’t have to have an active checking account to qualify for a car title loan unlike with payday loans. It’s recommended to have one to speed up the process of receiving your loan, but you can receive a car title loans in other forms if you prefer. You also can refinance car title loans if you need a little more time to make your payments or make them in smaller amounts. Applying for car title loans is simple if you follow our application steps.
Documents You Need To Apply For Mila Doce Title Loans
The documents, paperwork and financial checks that go into car title loans Mila Doce are not nearly as thorough as most bank loans. But there are still some documents and information paperwork you’ll need to supply to the lender. First, you’ll fill out our online application detailing the following information:
- Vehicle make
- Vehicle model
- Vehicle mileage
- Vehicle year
Once you’ve filled out the application with your contact information, we’ll be getting in touch with you shortly to setup an appointment with an auto title loan store near you. If you agree to their offer, you’ll need to bring your title to sign over, your vehicle to be inspected, and you’ll need a government photo ID such as a driver’s license to prove the following:
- You are 18 years of age or older
- You reside and keep your vehicle in Texas
Does Your Income Matter For Mila Doce Title Loans?
For most loans including some auto title loans, you do have to provide some sort of income proof. But it does not have to be proof of employment if you are self-employed, receive unemployment benefits, collect disability or have another source of revenue. You may be able to find ways around income verification if your vehicle is valued much higher than the loan amount you would pay including interest.
Most car title loans do allow you to sell the vehicle if you need to do so to pay off your loan. Since the title loan lender will be the primary lienholder for the vehicle, you’ll likely need to conduct the sale at their place of business. Once the sale is completed and they receive the amount you owe you can keep the remaining balance.
The Speed Of Car Title Loan Approval
Since there are basically no credit inquiries done with car title loans, approval time is often very short. Usually once your paperwork is signed and inspection complete, you’ll know within minutes whether you’re approved for a car title loans in Mila Doce. If you’re approved, it will usually be no more than one business day till you receive your funds. You’re then free to use your auto title loan as you need.