Title Loans Wichita Falls, Texas
Are you committed to fixing your financial situation? What have you done so far to fix this? Are you one of those people to let your financial situation cripple you and you are in such denial that you are not doing anything about it? Yes, it is a challenge to have money problems, but that doesn’t mean that you have to stay with it. Is it that you think there are no financial options available to you? Don’t fall for that misrepresentation because there is financial help for you from companies offering title loans Wichita Falls. A title loan lender has the money that is needed to erase or fix your financial problem, but you have to take the necessary action for this to take place. What are these steps? First, the lender requires that a loan application be completed for either motorcycle title loans or auto title loans. However, before you do this, you have to establish the fact that you own your vehicle free and clear. If this is the case, then you are already on your way to obtaining a title loan once you fill out the application.
Title Loans Wichita Falls and the City
The city of Wichita Falls is located in Wichita County within the state of Texas. It is the county seat and has been said to have a population of 104,553 in the year 2010 as reported by the U.S. Census Department. For this reason, the city has made it to the 29th position as one of the most popular city in the state of Texas. The city received its official name in 1872. Because of the construction of the Newby-McMahon Building in downtown Wichita Falls, the area got its alias “world’s littlest skyscraper.” The primary shopping areas for a lot of years was located downtown. However, many shopping centers started to be constructed n other areas of the city. For example, in 1953, the Parker Square mall was constructed and have gained popularity ever since. To learn more about the city, visit its official website.
Title Loans Wichita Falls Laws
Business and Commerce Code is the mandate for handling the title loan industry in the state of Texas. Lenders of title loans do not allow interest rates for over ten percent. The fees that lenders can charge are not restricted. Loans are not allowed to exceed 180 days. This means that you cannot rollover your loan more than six times. Title loans Wichita Falls offer consumers are governed by the law for added protection.
The Procedure
Have you now determined that you are a candidate for a title loan in Texas? Well, if the collateral belongs to you and you owe no money on it and there are no liens, this prequalifies you for a title loan and then you can proceed to the next step. In addition to the original title for the vehicle, the lender also needs to make sure that you can repay the loan and so you will be asked to provide proof of your income. The lender will accept a bank statement or tax return if you are self-employed. Yes, you can get title loans without a job. For those working a 9-5 job, paystubs are acceptable. Other proof of income may include disability benefits, social security benefits, worker’s compensation benefits or unemployment benefits. You must be 18 years or older to apply. A driver’s license or ID card will prove this. In addition, the title loans Wichita Falls provides to potential borrowers is important to the assessed value of the vehicle. This is the amount that will be used to calculate your loan amount.
The Application
When you have gathered all the necessary documents, you can go ahead and get your loan application completed. After this, the loan will be processed and approved. Within 24 hours or less, the money could be directly deposited into your account. So, get the application done today for one of the online title loans offered! Contact Platinum Lending today if you need more information. A title loan representative will make contact with you with a free loan estimate once the application is completed.
