Title Loans Freeport Mean Money When You Need It Most
It’s always a good idea to have an emergency fund available, but with how much certain expenses can cost, you may still find yourself coming up short. That’s an area where title loans Freeport can help. The beauty of a title loan is that it’s fast and it’s easy to obtain, as long as you own a car. You won’t spend time waiting around for the application to process – just go in and you can get your money, likely in less than an hour.
When you get a title loan, you have the freedom to use it however you like. If you have a pile of past-due bills that could result in late fees, you can use your title loan to pay those off. If you’ve just been hit with an emergency, such as a car breakdown or a medical issue, a title loan could cover that, as well. How you use the loan is 100-percent your call.
Applying Online for Title Loans Freeport
When you want to get money fast in League City, you probably don’t want to spend your time trying to find the closest lender. We can handle that for you when you fill out our online application for title loans Freeport. The application is available here on our site and it’s very short, taking only seconds. You’ll start by filling out this vehicle info:
- Approximate Mileage
You can complete the rest of the form with the following contact info:
- Your full name
- Your phone number
- Your ZIP code
We run your vehicle info to figure out your car’s current market value, which we then use to calculate your free title loan estimate. With your contact info, we’ll have a helpful title loan rep get in touch with you as soon as they can and set you up with a time and place where you can get your title loan.
How Title Loans Work in Texas
Each state has its own title loan regulations. In Texas, there is no limit on the amount you can borrow through a title loan, and the interest rate limit is 10 percent. Now, there could be extra fees besides interest, as well.
Most title loan companies in Texas set up 30-day terms. The state limit on title loan contracts is 180 days, which means on a 30-day term, you can renew the loan up to five times before you’ll need to pay it all off.
One common question is can you tax deduct title loans? In most cases, the answer is no, but you may be able to deduct your interest payments if you have a business and use the title loan for a business expense.
Title Loan Benefits
There are several great benefits to title loans. The application process is very fast. Whereas other loans could take days or even weeks to process, you can get a title loan the same day you apply for it.
You don’t need much to get a title loan – just a car, the title to it and your ID. You don’t need any financial documents or income verification.
Whether your credit score is good or bad won’t matter, because lenders don’t check your credit when you apply for a title loan.
The lender will only have your car title during the term of your title loan, not the car itself, which leaves you free to drive as much as you want while you're paying back your title loan.