(800) 250-6279GET QUICK CASH IN HOUSTON WITH YOUR VEHICLE AS COLLATERAL
Apply for a title loan online or call 800-250-6279 to get a quote over the phone!
HOUSTON TITLE LOANS WITH QUICK PRE-APPROVAL!
Are you a Houston, TX, resident looking to borrow cash using the equity from your vehicle? A car title loan is great for someone who can't qualify for a bank loan and you don't need excellent credit score to get approved.
Quick Approval Houston Title Loans
Car title loans are a secured loan in which you borrow money against your car’s resale value. These loans are popular in Houston, as many people own vehicles that can be used as collateral. With a title loan, you’ll continue to drive your car, and the lender will be listed as the primary lienholder on your car’s title.
The amount you can borrow in Houston depends on your car’s value, but typically ranges from $1,000 to $20,000 in Texas. Under Houston City Ordinance Chapter 28, Article XV, your loan amount is legally restricted to the lesser of 3% of your gross annual income or 70% of the vehicle’s value. You probably won’t need a traditional credit score for this type of loan, as most Credit Access Businesses (CAB’s) focus on the equity in your vehicle instead of your FICO profile. You may pre-qualify and receive your funds within one business day.
Premier Title Loans offers pre-approval to individuals in Texas who own a paid-off car, motorcycle, or semi-truck in their name. Underwriting for a title loan is much quicker than unsecured loans, and you can typically complete the paperwork and vehicle inspection in a few hours. Call us at 800-250-6279 to get a quote today!
The Requirements For Car Title Loans In Houston, TX
– You must be 18 years or older and have a valid federal or state-issued ID.
– You must own your car outright and possess the vehicle and title. The vehicle must be owned free and clear; no cosigners or other lienholders can be listed on the title.
– Your car must be registered in Texas, and you will likely need insurance on the vehicle.
– Proof of income. Houston law requires that you provide documentation establishing your income. This can be a recent pay stub, W-2, or bank statement, and it is used to verify that your loan stays within the city’s 3% gross annual income cap.
You’re eligible for a car title loan in Houston if you meet these requirements. Again, an essential requirement is always a paid off car title. This is used as collateral for the loan amount, and it will be nearly impossible to get a car title loan without the pink slip.
Do you have a vehicle not entirely paid off, or is it titled in someone else’s name? In some cases, we may be able to pre-approve you if you bring a cosigner or if you only owe a small amount on your existing loan. Call Premier Title Loans at 800-250-6279 to explain your situation, and we’ll see if you qualify for a title loan on a car not in your name.
How Much Cash Can I Get With A Houston Title Loan From Premier Title Loans?
Loan amounts in Houston depend on your vehicle’s equity value and income. For those with a vehicle valued at $3,000 or more, you may be able to borrow $1,500 or more. Some companies offer title loans of $5,000 or more, requiring a newer vehicle or one with very low mileage.
At Premier Title Loans, we offer an online car title loan calculator that displays the amount you can borrow, along with different repayment options. These quotes are always a good starting point, but remember that they’re just estimates, and your loan amount may vary.
In addition to cars, we also offer pre-approval for title loans in Houston for boats, motorcycles, and big rigs. You may be surprised at how easy it is to pre-qualify. Like title loans on cars, we require verification that you are the primary lienholder, and loan amounts start at $1,000 in Texas. For title loans on a motorcycle, you can borrow cash based on the equity in your motorbike, and some lenders won’t require a full credit check!
Interest Rates, Fees, And Repayment Terms For Car Title Loans In Houston
The interest rates and fees for car title loans in Houston vary by lender but are relatively high compared to other short-term loan options. The APR starts at roughly 30% for well-qualified borrowers and can go well over 100% for those with bad credit histories or low value vehicles. Other fees can include a loan origination charge, a credit authorization fee, and late fees, if applicable.
The City of Houston has strict regulations regarding title loan repayment terms. Under Article XV, Section 28-520, any installment title loan in Houston is limited to a maximum of 4 installments. For borrowers who choose a single-payment title loan, there’s a limit of 3 renewals.
Each payment or renewal that you make on your loan must reduce the original principal on your debt amount by 25%. The goal here is to get your title loan paid off quickly and eliminate long term title loan repayment plans that last for years.
Auto Title Loans In Houston With Bad Credit?
Bad credit title loans are possible if you have equity in your car or truck! Most customers applying with Premier Title Loans have poor credit and some don’t even have a credit history. Outside of a bankruptcy or recent repossession, we won’t hold your credit history against you when determining title loan pre-approval in Houston for a loan amount and payment schedule! The lenders we work with in Houston don’t require a standard credit check. Your vehicle is the collateral, not your credit history!
Houston Title Loans – How To Get Started
The first step is to complete an application online or in person. Some people prefer to apply online, while others prefer to meet with a company in person. The Premier Title Loans application requests basic information, including your contact details, vehicle type, and the loan amount you are requesting.
After completing the initial application, you’ll hear from one of our customer service representatives. We’ll start processing your loan details and offer different payment amounts and terms. You’ll then sign the loan documents and get your cash from a licensed online title loan lender in Houston! Apply online or call 800-250-6279 today!
Other Cities In Texas
