Title Loans in The Colony, Texas
Are you sitting there worried about where you are going to get the money from to pay your next rent or mortgage? Have you tried various financial measures to come up with a viable solution, but none of worked so far? It is possible that if you were looking to family or friends, you would not be successful because many of them already have their own financial problems. If you were looking to a traditional lender and you have bad credit, you could guarantee that the result would be a rejection of your loan application. However, this is not the case with a title loan lender. You can bet that you will be successfully approved as long as you meet the small requirements. More importantly, a title loan lender does not watch your credit scores or credit rating. This is never an issue when you apply for a title loan. With that being said, why don’t you already have a title loan application submitted? Oh, you weren’t aware of this until now? Well, now that you know, do the obvious and contact a title loan in Plano today.
About The Colony
The Colony is a located in Denton County within the state of Texas in the United States. It is a suburban community in close proximity to the city of Dallas. As of the year 2010, the U.S. Census data indicated that the population was at 36,328. In The Colony, the Five Star Athletic Complex was finished in the year 2003 and a great sports arena for the area. The fiftieth edition of Sports Illustrated named The Colony as one of the ideal sports town in the United States within the same year that the sports arena was completed. Pizza Inn and Edward Don distribution center have corporate offices in the city. The Colony was founded after 1969. To learn more about the city of The Colony, go to the official website.
Title Loan Laws
The Credit Service Organization oversees the title loan industry guidelines and regulations. There is a third party organization involved as well called the Credit Access Business or CSO. In the title loan industry, loans cannot go beyond 180 days. The CSO has to display fee schedules visibly online or in their office so prospective borrowers can see it.
The Process
Title loans follow a specific procedure to make this easier and faster for the potential loan applicant. The process is a 1, 2, 3 step, which only takes a few minutes to complete. The loan application is the first step. After the loan application is submitted, you will have to provide the lender with the required paperwork.
The Required Documents
The paperwork required is minimal. It consists of only:
- A copy of your government issued picture ID or driver’s license
- The certificate of title, which must have your name on it and no liens attached
- Proof of income showing your ability to pay back the loan
The Terms
Most title loans have a thirty-day term, which means it is a short term loan. This is good because that means the lender only holds on to the title of your vehicle for just thirty days. Once you pay off the loan, your title is returned to you. The title loan lender does not want to impede you from your normal commute and so you are allowed to drive the vehicle while you are paying off the loan.
Taking Action
Now comes the best part. After you have figured out that you are actually qualified for an online title loan, you should go ahead and fill out the loan application to receive a car title loan estimate. This confirms that you are on your way to a financial solution. So do that right now!
