CAR TITLE LOANS IN HOUSTON

Title Loan Requirements In Houston Texas

The most important requirement to get a car title loan in Houston is to have a fully paid off car that's titled under your name, with no other lienholders or loans attached to the pink slip. The car's resale value typically determines the loan amount, and the lender takes the pink slip as collateral. Additionally, we require income verification, with bank statements or pay stubs, proof of ID, and insurance coverage to verify your vehicle is protected against any possible damage or theft.

Are you looking for an online title loan without a store visit?  Some lenders allow you to submit video proof of your vehicle and bypass an inspection, but this is typically limited to loans of $2,000 or less. For higher loan amounts you need to bring in your car for an inspection. Other requirements for a title loan in Houston may include the installation of a GPS tracking device, and you may need to give your lender an extra set of keys if you're looking to borrow $5,000 or more.

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

Interest rates for a title loan in Houston are undoubtedly high, and some companies charge rates double or triple what's common with a personal loan. While a title loan is secured by your vehicle, there's still risk incurred by a lender as they don't check credit and offer much higher loan amounts than conventional loan companies. That's why you'll see interest rates of 30% or more with a title loan and Houston!

Car title loans are offered for between $1,000 and $25,000 in Houston, and the more your vehicle is worth, the more you can borrow. Repayment terms depend on how quickly you want to repay your loan, and most title loan companies in Texas are flexible in offering a manageable monthly payment but also a reasonable payoff time that works for both parties. Expect a payoff term of 12 to 36 months with your first loan, and some repeat title loan customers in Houston can get repayment terms approaching 48 months. Choosing a shorter repayment term can result in lower interest payments over the life of the loan.  Call Hyperlend today at 800-971-3022 to see how much you can borrow with a car title loan in Houston, TX.

Can I Get A Bad Credit Title Loan in Houston?

Even with poor credit or no recent credit history, you can still get a title loan in Houston if you own a vehicle worth $4,000 or more! Your credit score is not checked during the underwriting process for a title loan, and most customers with poor credit get approved! With Hyperlend, past missed payments or loan defaults are not a primary concern, as we focus on your vehicle equity to determine the loan amount while you make the monthly repayments. Remember that car title loans are designed mainly for emergencies and people with poor credit, so if you fail to make the payments on time, you risk a scenario where your car is repossessed and sold at auction to recoup the costs of your loan. Title loans are also a great option if you are trying to rebuild your FICO score, as the monthly payments you make are reported to most credit bureaus!

Apply with Hyperlend today to borrow $1,000 or more with a bad credit title loan in Houston. Complete our online form or call 800-971-3022 to start your application!