Title Loans in Mission, TX
When you get a title loan, you are getting much more than loan, you are also getting a lifeline to help you when things are financially difficult. Title loans are designed to take the stress out of the borrowing process. They get you your loan money quickly, often in as little as a day’s time, and they do it without making you jump through too many hoops.
That is because title loans only need one thing to get the borrowing process started: a clear car title with no liens against it. The title functions as collateral for your loan money. Your borrower will hang onto it while you repay and once everything is paid in full the title will go right back to you.
In the meantime, you get a quick injection of cash meant to keep you going until you are able to come up with longer-term solutions. Depending upon your lender, the loan will give you anywhere from thirty days to a few months to get everything in order, helping to relieve stress and give you a break when you need it most.
Getting Your Texas Title Loan
Getting a title loan doesn’t take anything more than car title in your name, but the more you understand when it comes to Texas title loans, the less stress the whole process will be. Title loans are completely legal in Texas, and subsequently they are subject to a little bit of regulation by the state.
Lenders actively work with the State of Texas to get licensed and stay compliant with regulations. This helps to ensure happy borrowers, which is the driving goal behind title loans. This helps keep false and predatory lenders away from borrowers, and ensures borrowers that they are getting good, reputable loans when they borrow from a Mission title lender.
Title loans in Texas are considered short-term loans, and often last around a month. If you get things worked out early on, Texas allows borrowers to cancel their title loans in the first 72 hours of the loan’s lifespan. The state also requires that loan information including interest and fees be disclosed before signing.
If you believe you have worked with a lender who has not been compliant with state regulation or who has otherwise abused your rights as a borrower, report them immediately to the Consumer Financial Protection Bureau, as well as the Mission Police Department.
For help understanding what should and should not happen with a Texas title loan, or to get set up with the most secure lenders in The Valley, all you have to do is pick up the phone and call our office. We will take the time to answer any Texas title loan questions you may have, and can work with a lender to get you a loan that you know you can trust in just a matter of seconds.
Getting Ready For Your Mission Title Loan
When you are borrowing using your car, you want to make sure you have everything prepared for yourself and for your lender. Get copies of your title, renew your registration, update your plates, and more online with the Texas DMV. Save time and stress and simply update any information and pay any fees right from your computer. Of course, if you would rather work person to person, you can also go into their office for in-person appointments or to renew your driver’s license.