Title Loans In River Oaks, Texas
Sometimes you might wonder why borrowing money has to be so difficult, especially if it’s for short-term payments and situations that you know you can recover from if you just have a little time. When the crash of 2008 happened, more regulations were put in place to make sure that banks and other mainstream lenders were not making high-risk loans to people with troubled financial pasts who might have to default on loans. It wasn’t just newcomers to the home buyer’s market who suffered, even smaller loans became harder to get a hold of as a result. The good news is there are other lenders out there including our own lenders offering auto title loans River Oaks that have made borrowing money easier for people in tough situations.
Car title loans are not just easier to get than most regular loans, they also are much more discreet and offer a degree of flexibility you don’t have with other loans. Instead of having to state on a document why you want a car title loan and how you plan to repay it, all you need to know is when you need to repay it. It’s your money to use for whatever you need it for. All you basically need in order to apply for title loans Fort Worth and the general River oaks area is a vehicle you completely own.
Who Can Use River Oaks Title Loans
In addition to owning a vehicle, you have to be 18 or older and prove you’re a Texas resident to get a vehicle title loan River Oaks. Depending on the value of your vehicle and the title loan’s repayment terms, you may also need to show you have income of some kind. This does not mean that employment is necessary, but you may need to provide bank statements if you work odd jobs, a social security check or other benefits you receive. You should have the following documents on-hand to present to the lender:
- A photo ID of yourself which usually is a driver’s license, but other IDs recognized by the state such as a passport, military card or similar are also accepted
- Your official vehicle title
- A document with your physical address on it, and possibly income information
How Do River Oaks Title Loans Work
Car title loans in River Oaks are similar to equity loans, and you can usually borrow up to about half of what your vehicle is worth. In order to determine your vehicle and loan amount, we have a title loan estimate that is given when you enter the following information in our online application:
- Vehicle make
- Vehicle model
- Vehicle year
- Vehicle estimated mileage
After you receive your estimate, we’ll contact you to let you know where you can find a car title loan deal that closely matches your needs, and then you’ll need to bring your vehicle and documents to that lender’s agency. The agency will inspect your vehicle to make sure it fits the descriptions you gave of it, and as they’re doing that the agency staff will be discussing the loan terms with you. You’ll know pretty quickly if you’re approved for the car title loan, and once you’ve signed all agreements, it should be about 24 hours or less till you receive your funds. You do not need a checking account for this, though a wire transfer to there does give you your money much faster.