Title Loans San Marcos, TX

What you need to know about Title loans San Marcos

Financial emergencies have a knack for happening at the worst possible time. When this happens, you do not have the time to wait for a long approval process.

The process of getting a quick loan can be dampened if you have a less than perfect credit rating. In most cases, you will be turned down by potential lenders. If you find yourself in such a predicament, bad credit online title loans are your best alternative.

Title loans online are not hinged on credit ratings. All you need is to own a car and have a stable source of income. The money allocated will be based on the resale value of your car.

The lender will value the car and issue a loan that is equal to, or less than the value of the car. As security, the lender will retain the title of the car. Title loans in San Marcos are flexible. Borrowers can choose to repay the loan in a single payment or negotiate for an extension.

Title loans in San Marcos can easily be obtained online. In fact, you can complete the entire process online and receive the money within the same day.

Texas title loans application process

The application process only takes a few minutes. All we need from you is the following information.

• Personal details such as your name, phone number and zip code.

• Vehicle information such as the model, year of manufacture and mileage.

Once we check this information, our customer service agents will get back to you within a short period of time. We will also give you a loan estimate based on the value of your car.

This will help you to know how much money you can request for. Our agents are also ready to handle any questions you may have about the loan process.

Texas title laws and guidelines

Title loans are subject to state laws and regulations. Under the Usury protections, lenders are not allowed to charge exorbitant interest rates above 10 percent. This rate holds until the laws are amended.

Texas is one of the few states that does not place a cap on the maximum amount that can be borrowed in form of title loans. This is upon the lender to decide. The average time span of loan repayment is 29 days.

Interest on Texas title loans in San Marcos are also friendly in comparison to other places. The lenient lending laws and low-interest rates are a major incentive for Texans.

There are numerous advantages of obtaining title loans.

Quick and easy process
Credit access businesses in Texas have a fast approval process. In a few minutes, you can fill out the form and have the money deposited into your account. No need for credit ratings.
Credit ratings are not factored
Title loan lenders do not need to check your credit score before they approve your loan. All you need to prove is ownership of a car. Your credit rating does not matter.

Another major incentive is that title loans compare favorably to other forms of loans such as payday loans. Upon completion of the loan, the lender issues the title back. You are also allowed to continue driving your car even before you complete making payments. The title of the car serves as sufficient collateral to the lender.

This is also why there is no need for them to charge high-interest rates. They do not face a high risk because in case the lender defaults. They can sell the car to obtain their money back.

If you want money and you want it immediately, title loans in San Marcos, TX are your best bet.