Frequently Asked Questions About Title Loans in San Angelo
The consequences of automobile title loans San Angelo have been hot topics in the news lately. Quite frankly, many reports only seem to focus on negative stories of vehicle repossession and people who are struggling with their Texas title loans.
Did you know that only 10 percent of car title loan customers experience problems repaying their loans? The fact that the majority of our customers repay their loans early or on time never seems to make it to the news.
As you are shopping around for title loans San Angelo, it is important for you to get accurate answers to your questions. Here are answers to the most common San Angelo title loan questions that we receive.
Are your interest rates extremely high?
When compared to other short-term lending options such as payday loans, our loans at Platinum Lending are more affordable. However, our loans have higher interest rates than loans from banks.
How do I know if I am eligible for a loan with your company?
We make it easy for you to qualify for our cash. Here are the loan eligibility details. All vehicle title loan customers must:
- Have a regular income source
- Own the a lien-free vehicle
- Possess a Texas driver’s license or ID card
- Be a minimum of 18 years old
How do I apply for a title loan with Platinum Lending?
You can submit an online application to our company directly from this website. Click the ‘apply’ tab at the top of this screen to get started.
What information do I need to provide on the online application?
You will be required to provide information about your car such as its make, mileage, year and model. We also require you to provide your email address, name and contact number.
I have an existing car title loan. Can I have more than one loan at a time?
If you have an existing vehicle title loan with another company, you may qualify to refinance it with one of our lenders at Platinum Lending. Since your loan is based on the equity in your vehicle, you can have one title loan on your vehicle at a time.
I own my vehicle with another person. Is that person required to sign the loan contract?
Every person who is listed as the owner on the title must sign the loan contract.
What happens if my vehicle is repossessed?
We try to structure affordable car title loans for our customers. However, there are some instances in which we have to take legal action in order to get our money back from a bad loan. If you default on your loan and your vehicle gets repossessed, you may be able to redeem it before it is sold.
How much can I borrow for a loan?
Your loan is determined by the value of your vehicle. To get an exact amount for a loan offer, you should complete an application and get approved for a loan.
Title Loans San Angelo – Big or Small Loans? No Problem!
Whether you need money to pay for seasonal tires or money to replace your roof, no amount of money is too large or small to lend to you.
Our network of title lenders have lots of money to lend. To see how much money you can get, contact us for more information or complete an application today.