Title loans are wildly popular in Texas because they offer a stress-free way for vehicle owners to get money using their vehicle's equity. In fact, title loans Edinburg help thousands of families easily handle their financial obligations each year.
If you are struggling to pay for rent, high utility bills or any expense, you have access to quick cash in exchange for your vehicle's title. By completing an online application, you can have access to the best rates for title loans in Texas.
One of the benefits of title loans Edinburg is your loan money does not have to be used to pay for emergency expenses. As soon as your cash is deposited into your account, you can withdraw it to pay for all types of expenses including:
- A Family Vacation
- Education Expenses
- A New Wardrobe
- Wedding Expenses
- Recreational Expenses
Frequently Asked Questions About Title Loans in Edinburg
Car title loans in Texas have been helping customers get through tough financial times for years. In case you are not familiar with title loans Edinburg, this section can help you determine if this loan can help your situation. Here are a few common questions that customers ask our representatives.
What is a title loan? To get title loan in Mission, you will use your vehicle as collateral to secure the loan. When you sign a contract for a car title loan with a lender at Texas Approval, you will provide your lender with a copy of your title. The lender becomes the lien holder that is registered on your title with the Texas Department of Motor Vehicles.
Will I get to keep my car? Absolutely! While you are repaying the loan, you can keep and enjoy your vehicle. Signing a loan contract with our lenders does not require you to give up ownership of your vehicle.
What type of information is required to complete the online application? You can apply for a loan on this site quickly and easily. You will be asked to provide information about your vehicle including its year, make, mileage and model. In addition, the application asks you to provide personal information such as your income information, name and contact number.
Are title loans legal in Texas? Yes, it is legal for Texas residents to apply for vehicle title loans online. There are a few laws that govern Texas title loan transactions.
- Your loan contract must be in writing and provide details about the loan's terms.
- There is no cap on the amount of money that you can borrow.
- The maximum amount of time for a title loan is 180 days.
Title Loans in Edinburg - Eligibility Requirements
Our customers are excited to find out that our network of lenders do not conduct credit checks, but there are certain qualifications that all clients must meet. You must be the owner of the vehicle. You will not be allowed to apply for a loan if your name is not listed on the vehicle's title.
Our loan agreements require the money to be repaid in equal installments on the due date. You must have a consistent form of income to meet this requirement.
In Texas, it is illegal for you to sign a car title loan contract unless you meet the age requirement. You must be at least 18 years old.
Getting a vehicle title loan with Texas Approval is convenient and easy. Complete an online application today.