AUTO TITLE LOANS IN PLANO
WITH FAST ONLINE PRE-APPROVAL!

Get A Title Loan In Plano, Texas

Auto title loans can be an ideal financial option if you need money fast and don’t have excellent credit. You can quickly borrow money with a title loan in Plano based on the value of your vehicle. Most applicants will qualify with proof of a paid off vehicle, income verification, and registration documentation from the Texas DMV. Funding can be as quick as 24 hours, and the process of applying and getting approved is straightforward with Premier Title Loans.

Compared to other unsecured loans, a title loan offers higher loan amounts and faster approval as it’s secured by a vehicle titled and registered in your name. Even with a payday loan, you may still need to undergo a credit check and provide proof of income. In contrast, the primary requirements for a title loan in Plano are a newer vehicle and proof that you can afford to repay the loan.

Do you have poor credit or recently been rejected for a personal loan? A title loan company may check your credit, but that doesn’t mean you should be concerned about getting turned down because of a low FICO score. Remember, a title loan is designed for borrowers with bad credit, and most people who own a vehicle will get approved regardless of their credit history.

Loan amounts for Texas title loans range from $1,000 to $20,000, and our customers are eligible to borrow at least $2,000 with a vehicle valued at $5,000 or more. While rare, some newer cars or those with low mileage can result in loan amounts exceeding $20,000. Call Premier Title Loans at 800-250-6279 to get a fast, no-hassle quote for an auto title loan in Plano!

The Approval Process In Plano With Premier Title Loans

With Premier Title Loans, you apply online or call us at 800-250-6279. If you pre-qualify, a local lender in Plano will inspect your vehicle to assess its value and record the VIN and mileage. The value of your car is based on factors such as the make and model, mileage, year, and overall condition.

When you agree to a loan amount and repayment term and sign the agreement, the funds will usually be sent through direct deposit, or you can pick up a money order at any retail location in Plano.

The repayment period for Texas title loans is usually 2- 5 years, but some lenders may offer longer terms if you’re looking for a lower monthly payment. Are you looking for an online title loan with no store visit or inspection? Those are also available in Plano, but your loan will likely be $3,000 or less. One thing to remember about a title loan is that if you can’t or don’t pay back your loan, the lender can repossess the vehicle and pursue you for any outstanding balance after the car is sold at auction.

Once you repay your loan in full, the lender releases their lien on the title. You receive a clear title, free of the lien, and full vehicle ownership is restored.

What If You Can’t Repay Your Title Loan?

Texas has regulations for repossessing a vehicle if you default on your loan agreement:

• Texas title loan laws require the lender to provide a written default notice and allow you to reclaim your vehicle after it has been repossessed. This means you can either make a missed payment or pay the loan in full.
• If you pay within the outlined period, you can avoid a repossession.
• If you can’t catch up on your payments, the lender can legally repossess your vehicle or hire a third party to start collection proceedings. A lender can’t use force or breach the peace during the process.
• After repossessing your vehicle, a lender must provide you with its intent to sell it, including details about the sale date and location. You can retrieve your car by paying the total amount owed before the sale; the notice of sale should provide you with the details.
• The lender must sell the vehicle at a commercial auction and accept the highest offer possible. The proceeds are used to pay your outstanding loan balance, including any additional fees and costs associated with the repossession and sale.
• If the vehicle sale generates more money than what’s owed, the lender must return the additional money to you. If the sale proceeds are less than what’s owed, you might be responsible for paying the deficiency.

Additional Title Loan Regulations in Plano

Online title loans are legal in Plano, but there are a few regulations. One regulation requires the lender to be licensed by the Texas Office of Consumer Credit Commissioner.

Unlike many states, Texas doesn’t cap title loan interest rates, but lenders must disclose the APR and all fees upfront and transparently.

In Texas, you have the right to rescind your loan contract, meaning you can cancel your title loan agreement within one business day without penalty.

Additional protections exist in Plano and throughout Texas for military personnel, including requirements for lenders to comply with the Military Lending Act. This limits the APR to 36% for active-duty servicemembers and dependents. There are also regulations for title loans without insurance and other issues, so contact us if you’re missing any of the main underwriting requirements.

Options to Get a Title Loan in Plano, Texas

One option for a title loan in Texas is to work with a specialized company, such as Premier Title Loans. The benefit is that it’s a quick and relatively straightforward process, as these companies specialize in this area.

Another option is a pawn shop. Some pawn shops in Plano offer title loans, and you can get approved by simply adding them as lienholders to your pink slip.

The last and most popular option involves getting a title loan without a store visit. Many companies offer a completely online underwriting process, and you can often avoid an in-person inspection by submitting videos or pictures of your vehicle to verify its value.

Are you ready to apply for a title loan in Plano? Call Premier Title Loans at 800-971-3022 or get started online to find out how much your vehicle’s title is worth. We only need your car’s make, model, and year to provide you with a quote. Apply today!

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