Get A Same Day Auto Title Loan In Dallas, TX
Highway Title Loans offers fast online approval for title loans in Dallas, TX. These loans use your car's equity as security for a loan, and you can often get your cash that same day you apply. Borrow up to $15,000 with a car title loan, and you don't have a good FICO score to qualify. There are a few things to know about these title loans. For instance, what's required, how much you can borrow, and what repayment terms to expect. Read on to find out how these title loans work in Dallas!
Dallas TX Title Loan Requirements:
- Be 18 years or older. A few lenders in Dallas County will require applicants to be 21 or older.
- Have a valid driver's license from the Texas DMV.
- Own a car with a clear title (no liens or loans against it). The vehicle's title must be entirely paid off, and it needs to be the actual pink slip, no copies!
- Show valid insurance on your vehicle that offers full coverage for the lender.
- Show proof that your vehicle has up to date registration.
While the car's title is the most critical factor, there are a few other requirements that we sometimes see from licensed title loan companies in Dallas. These can include:
- Provide a spare set of car keys.
- Show references from previous lenders.
- The 17-digit VIN and current mileage from your vehicle.
Contact your lender first if you risk falling behind or defaulting. Any licensed finance lender will want to work to get your payments back on track before they have to repossess a vehicle!
Title Loans In Dallas With Bad Credit
Even with bad credit, you can still get a title loan in Dallas if you own your car outright and have no past bankruptcies or repossessions. Your estimated funding amount is secured by the value of your vehicle, not your credit score, and that's important when you realize how fast the underwriting is. So don't worry about a FICO score of 500 to 600! We'll underwrite your loan based on the vehicle's value, and you may be able to increase your credit score with on-time monthly payments to your title loan company!
Benefits Of Online Auto Title Loans In Dallas
- No credit check required: One of the main benefits of title loans is that there's no credit check needed, and you won't be denied because of recent missed payments or loan defaults. That means you can still qualify even with bad credit if you own your car outright.
- Quick approval: Another benefit of a title pawn online is how fast you can get the cash! Compare the time it takes to get approval from a vehicle equity lender in Dallas to the time it takes to underwrite an unsecured personal loan.
- Keep your car with no tracking requirements: There should not be a requirement for a vehicle tracking device or system to track your mileage as you would expect with a title pawn. Nearly every online lender accepts a pink slip as collateral for the loan, which will often be the primary requirement for quick approval!
- Better rates and terms than other bad credit loans: A title loan uses the equity from your vehicle as collateral and your lender knows there's security in the case of a default. Since these loans are secured, there's a good chance your interest rate will be less than that of a payday loan company in Dallas.
Car Title Loan Amounts And Interest Rates To Expect In Dallas, TX
Direct equity lenders and Credit Access Businesses in Dallas offer title loans of $400 to $50,000, depending on your car's value and ability to repay the loan. Only borrow what you can afford to repay and keep a set monthly budget so nothing takes priority over the payments for your loan. Are you looking for a loan amount of more than $15,000? While these high funding amounts are rare, they're technically possible if you own a classic car or vehicle valued at more than $30,000. Contact Highway Title Loans at 877-433-5454 to see if your car will qualify for a high dollar title loan!
Interest rates are between 25% and 125% in Texas. That means you'll surely end up paying quite a bit in finance charges with each monthly payment. After making consecutive payments, reach out to your lender and see if they're okay with lowering the APR. If they're not receptive to lowering your rate, you may want to consider a title loan refinance with another company in Texas offering to reduce your APR and get you out of debt quicker!
Apply With Highway Title Loans
Now that you know how these title loans work, perhaps it's time to get started with an online application. At Highway Title Loans, we work with customers who apply online or over the phone, can process your application quickly, and get a lending estimate within an hour. Apply with us online or by calling 877-433-5454 to get an auto title loan in Dallas!
Other Cities In TX:
