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Frequently Asked Questions About Title Loans In Texas
Title loans are great option for those in need of quick access to cash. If you're considering a title loan in Texas, here are some frequently asked questions to help you navigate the process.
What Exactly is a Title Loan?
A title loan is a type of secured loan where you use your vehicle title as collateral. This means you can borrow money based on the value of your vehicle while still being able to drive it.
How Much Can I Borrow with a Title Loan?
The amount you can borrow typically ranges from 25% to 50% of your vehicle's value. The loan amount depends on the condition and market value of your vehicle.
What Documents Do I Need to Provide?
To apply for a title loan, you generally need to provide:
- A clear vehicle title in your name
- A valid ID, such as a driver's license
- Proof of income or employment, which demonstrates your ability to repay the loan
- Proof of residence, such as a utility bill
How Quickly Can I Get My Money?
Once approved, you can receive your funds the same day. However, processing times can vary by lender. At Check N Title Loans our average approval time is 30 minutes.
What Are the Risks Involved?
The most significant risk of taking out a title loan is the potential loss of your vehicle. If you default on the payments, the lender can repossess your car.
Can I Keep My Car?
The lender will hold the title until the loan is fully repaid, allowing you to continue using your car. Title loans can provide quick access to funds in emergencies. If you are facing an urgent financial need, Check N Title Loans is ready to help you tackle your financial challenges. Check N Title Loans offers installment loans and title loan, with 9 locations in the Dallas Fort Worth area.
Business Hours
Monday - Friday: 9AM to 6PM Saturday: 9AM to 3PM Sunday: Closed
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*Rules and restrictions may apply. This licensed business is regulated by the Office of Consumer Credit Commissioner. 3821 S Buckner, Blvd, Dallas TX 75227
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- Rules and restrictions may apply. This licensed business is regulated by the Office of Consumer Credit Commissioner. 3821 S Buckner, Blvd, Dallas TX 75227
- Customer Notice: Advance of money and extensions of credit should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling. The Website does not constitute an offer or solicitation to offer a loan.
- Not all loan applications or extension requests are approved. Due to state, verification and approval requirements, not all applicants for online loans will be eligible for approval by Check N Title Loans or third-party lenders.
- A 'pre-approval' does not mean that you will receive a loan. For final approval, you must meet certain criteria and verifications.
- Some customers applying for Check N Title Loans or third-party lender loans may be required to submit additional documentation due to state law and qualification criteria.
- We do not perform traditional credit checks as part of our credit transaction approval process, but do verify applicant information via national databases including, but not limited to, DataX and Clarity. If you have defaulted on past obligations, you may be declined for a extension of credit or cash advance from this lender. Maximum funded amount for Check N Title Loans or third-party lender loans depends on qualification criteria and state law. See Rates & Terms for details.
- Check N Title Loans complies with applicable collection laws. Check N Title Loans will contact you using one or more authorized communication methods.