Hyperlend has been a longtime provider of car title loans in Texas and we now offer residents of Dallas the cash they need for emergency expenses!
The process to qualify for a title loan in Texas is simple and straightforward. If you have paid off your vehicle and have the physical pink slip or title to your car then you are in a position to get a title loan. You will need to get current on the loan or a lender will not advance you any money. Further, you must provide a paid off vehicle and the car has no active liens with only one owner.
What’s Required To Get A Title Loan in Dallas TX
A few other things when you apply for a car title loan with no income verification. First, you need to have a driver’s license or state ID. It’s mandatory. Second, you must be 18 years of age or older. Your income will be verified by checking your credit report. So, to get a loan you will probably have a paystub the loan officer is familiar with. Your proof of income will get you approved for the loan and will also show you can make payments in the future. That’s how the lender will get their money back.
Some title loan companies in Dallas will also want to see and verify your vehicle in person. This is not always a requirement but there’s no getting around if your lender asks for an in person inspection before they even get you a title loan estimate.
How To Get Same Day Title Loans In Dallas Texas
Your loan will be deposited into your checking account and sometimes that can happen that same day if you apply and get your documents processed quickly. The loan payments will be disbursed within two weeks, and you will get the money back (plus fees) when the next paycheck comes. This is almost instant and similar to other secured lending options. There will be a fee that will be paid each month for the online title loan.
Even though you can get the money for your loan within 24 hours the payback time makes things a bit difficult. This is not a lot of time to pay back. The lender is going to make up some of their profits by charging this fee. The interest rates on car title loans are often much higher than an unsecured loan. This can be intimidating to those who have never done this before if you ask for a lower percentage.
Title Loans in Dallas Online Or With A Lender Near Me
A car title loan is ideal for those who need money fast. And the internet makes it easy for someone who wants to apply for an online title loan. By applying online you can skip the hassle of having to meet with someone in person and go through the whole process of handing in paperwork and submitting it to a vehicle inspection. This can be especially complicated in the Dallas area as some lenders will require you to drive well over an hour to meet with them in person.
On the other hand, you may prefer to apply for a title loan with a local company in Dallas. Simply put, some people feel more comfortable meeting with a lender in person and that can make the application process go much smoother. Also, you may not want to submit documents over the internet and not know where they’re going.
What Are Some Drawbacks And Benefits If I Take Out A Title Loan In Dallas
Car title loans help you keep your car, and you get the cash fast, we can sometimes approve car title loans in 24 hours or less. This works for today’s society where you do not always have money and we all know it gets expensive trying to handle day to day expenses in Dallas. But imagine the stress and problems if you borrow money with your vehicle as collateral and end up defaulting on monthly payments. When this happens the title loan company per Texas law has every right to repossess your vehicle. Of course, there are protections for you where they need to disclose what happens after that and give you enough time to buy back the vehicle. But it’s definitely a drawback to title loans that you can lose your vehicle with just one missed payment.
Can I Get A Title Loan In Texas With Bad Credit
Dallas TX car title loans are a quick way to get fast cash and sometimes they’re the only way. Many borrowers who apply with Hyperlend have nowhere else to go and they’re limited because of bad credit or having no credit at all. If you have bad credit that won’t limit your options with our company but you will be hard pressed to get a personal loan or other refinance or cash advance.
We can also provide quotes for title pawns in Dallas where you can get a lower rate and more manageable payoff term by pawning your vehicle. The difference between a title pawn and an online car title loan is that you are literally handing over your vehicle to a lender with a title pawn. You’re saving money on the monthly payment and APR but compared to a title loan you lose the ability to drive your vehicle.
Whatever option you choose we can promise you that we’ll give you top notch customer service and put your best interest at the forefront when you apply for a title loan in Dallas, Texas. The amount you borrow is based on the value of your vehicle but we often loan amounts that start at $2,000 and go all the way up to $20,000. Feel free to contact us today if you have any questions or if you want to get started with an online application. You can also meet with us in person or talk to one of your friendly customer service representatives to get more information about our title lending offers.