Title Loans in Willis, Texas
Have you ever wondered if there are some alternative out there to the typical, traditional loan. You may have struggled in the past because you don’t have a strong credit history, and this could possibly make it hard to get approved for a loan when you need it. If this is the situation you find yourself in, explore your options and consider a convenient and simple title loans Willis.
The Simple Process of Willis Title Loans
Before you get started, it’s important that you explore the process and get to know how this works. You just need to take a few minutes and you’ll understand how these loans work and what you need to do to get the funds you need.
The first thing you have to do is fill out the application. The application can be completed quickly and will let you know what information the lender needs in order to determine your eligibility for a loan.
You’ll be happy to learn that this application is simple and can be filled out quickly. Some of the questions you’ll be asked on the application are standard application questions like who you are, what your employment situation is, and where you live. You’ll also have to provide details about your vehicle because your vehicle will be used as collateral on the loan.
There are some basic facts you’ll need to enter about the car or other type of vehicle you’re putting up as collateral. You need to enter the make and model of the vehicle. You need to let the lender know what year the vehicle was manufactured in. You also need to provide on the application the mileage of the vehicle.
Once you finish filling out the application, you can conveniently submit it via the Internet. Lenders of this type of loan know that you’re eager to receive a response and find out if you’re eligible for a loan. They therefore get back to you very quickly. If they offer you a loan, they will provide all the details about the loan that is available to you like how much it is for, how much internet you’ll need to pay, and how quickly you’ll have to pay back the loan.
If desired, you can follow through with the loan by handing your title over to the lender to get the loan funds. You’ll get the title back once the loan has been paid off.
Willis Title Loans: Where Texas Law Comes Into Play
Texas has some individual laws that dictate the terms of title loans Willis that are available in the state. If you’re resident of the Lone Star state and you’re thinking about applying, you’ll want to know what you can expect of title loans in your area.
The following are the three key factors about Texas car title loans in Willis:
- State law doesn’t limit the amount.
- There is an interest rate cap of 10 percent.
- The loan term is limited to 180 days.
Special Factors to Keep in Mind
It’s important that you understand the following five things when you take out Houston car title loans:
- These loans are not payday loans.
- These loans are secured by collateral.
- These loans offer flexibility in terms of repayment.
- These loans are convenient thanks to the online application.
- These loans can be offered even when there is a lien on the title.