TEXAS TITLE LOANS

How Do Title Loans Work In Texas - What's Required 

It's easy to secure a car title loan in Texas with Hyperlend. First, you need a paid off vehicle that's titled in your name. The pink slip must be lien free with no cosigners. The car's title will be signed over to a lender and that's what serves as collateral for your loan. We also need documents to verify your income, such as bank statements pay stubs, or employment verification. Title loan companies in Texas will also require a driver's license or passport to verify your identity, and comprehensive insurance coverage to ensure the car is protected in the event of an accident or theft.

Lastly, we require you to verify that your car is registered with the Texas Department of Motor Vehicles (DMV) and you may need to perform a vehicle inspection to ensure the car is valued correctly. During the inspection, your lender will confirm the odometer reading, VIN and check the vehicle for any significant damage or mechanical issues.

Interest Rates, Repayment Terms, And Loan Amounts With A Texas Title Loan

Interest rates for a title loan in Texas are high, sometimes approaching 100% monthly. The repayment terms depend on the vehicle's value, your monthly payment and interest rates, but most lenders will have a repayment term of 12 to 48 months. Some companies will allow early payoffs with no pre-payment penalties so shop around for lenders that allow you to pay down the balance at any time.

Loan amounts are often entirely determined by the vehicle's resale value and range from $1,000 to $25,000. Here in Texas, vehicle's valued at $15,000 can lead to a loan amount of $7,000 and this amount can be higher or lower based on the inspection details.

Do you have a car title loan from another Texas lender? Are you struggling to make payments on that loan because of a high interest rate? Hyperlend, may be able to help you by refinancing down to a more manageable interest rate and monthly payment. We also offer title loan buyouts for customers who are nearing default with their lender and need new payment amounts and repayment terms. Call us at 800-971-3022 to see how much we can save you with a no hassle refinance.

What Else To Know About Title Loans In Texas

Getting a car title loan in Texas is an easy and flexible option for unexpected emergencies and you can often get funded more quickly than if you had applied for a personal loan. While some unsecured lenders will take days to process your application and ask for multiple documents, At Hyperlend, we only need your car's title and proof of income to underwrite your application! There's a good chance you can pick up your cash from a title loan lender in Texas within 24 hours or less!

One risk with car title loans is that they are secured by the collateral from your vehicle. This means you can borrow a large amount of money, but you're in a difficult situation if you fall behind on the payments and end up defaulting on the loan. Don't find yourself in a situation where your vehicle can be repossessed! Call Hyperlend to find out how we can help you get back on track with your monthly payments.

Are you ready to see how much money you can cash out from your car or truck? Hyperlend can get you approved for a Texas title loan in less than an hour so apply online or call us now at 800-971-3022 to see the title loan value of your vehicle!