Title Loans in Temple, Texas
There are plenty of good reasons to get a title loan – you need cash quick, you need a loan that is flexible about bad credit, or you simply want quick cash without a fuss. No matter what your reason, there is a Temple title loan to help you get the cash you are looking for.
Title loans aren’t your average loan. Instead, they are small, short term loans designed specifically to help you get money fast. These loans use your vehicle’s title as collateral for the amount you borrow, which means a couple unique things.
First, it means the loans are set up to be short term. You can get them quickly, often with cash in your bank in just a few hours. The loans will usually last one to three months before repayment, and generally be for a few hundred to a few thousand dollars, though potentially worth up to half the value of your vehicle.
Second, it means that you can secure a title loan without having to worry too much about your credit. Title loans are secured by your vehicle’s title, so they don’t rely on things like your financial history to secure repayment. Subsequently, having a less than perfect credit score doesn’t disqualify you from getting the cash you need.
Title Loans In Texas
Title loans are a safe, legal way to get the cash you need, and in Texas they come with a few regulations that help keep borrowers safe and let them feel confident in their decision to get title cash. When it comes to title loans, Temple borrowers have a number of options, and understanding the state regulations can help you pick out the best lenders quickly.
With title loans, Texas regulation specifically looks at how the lender presents the loan to a borrower. First off, lenders should be registered with the Texas Office of Consumer Credit Commission. Any unregistered lender is not operating legally and cannot properly service a title loan.
Beyond that, all lenders should provide borrowers with a written loan agreement prior to a borrower getting locked into a loan. This loan agreement should include all the terms of the loan in clear language. Specifically, it should include information regarding:
- How much will be borrowed
- What interest rate is attached to the loan
- What fees may be charged in addition
- How long the loan will last
Any lender that does not provide this information is abusing a borrower’s rights, and should be reported to the Consumer Financial Protection Bureau, as well as local authorities
For help finding the title loans Texas borrowers have trusted for years or to better understand your rights as a borrower, you can always call our team. We know Texas title loans inside and out, and we know what a good one should look like.
We will take the time to go through the lending process process with you, explaining what you are getting and what is expected of you in return, and answering any questions you may have. If you decide a title loan is right for you, we can set you up with one of the best title loans Temple lenders have to offer.
We can help you customize the terms to meet your unique needs as borrower, and we can even work with you online and over the phone to keep the whole process quick and convenient. Getting a Temple title loan only takes a minute, so don’t wait. Get started with us today to have cash in hand in no time. Apply online and get instant and free title loan quote.
