What Documents Are Needed For Texas Title Loans?
Planning ahead, especially when it comes to loans, is always sensible. When taking out Texas title loans, we make the process of getting a loan through one of our vendors super simple, and here, we’ll lay out exactly what requirements you need to qualify.
You will need a vehicle and the lien-free title to that vehicle to be eligible for Texas title loans. You will also need proof of income and identification, in the form of a driver’s license or another state-issued ID.
As promised, our vendors' requirements for Texas title loans are super simple and straightforward. To make sure you’ve got full clarity on what you need for one of our loans, we’ll go over these requirements in detail so that you know you’ve got exactly what you need.
What Do I Need for Texas Title Loans?
The required items for Texas title loans are as follows:
- A state-issued ID
- Your lien-free title
- Proof of income
- The vehicle itself
Your documents for ID are pretty simple. If you have a car title to put up as collateral, then the odds are you have a driver’s license to go with it. That’s the easiest way to meet this requirement, but if you don’t have one, don’t worry! You can also use your passport, non-driver’s license, military ID, or even student ID.
Your Lien-Free Title
Your car’s title is used to secure the loan, which is why it needs to be lien-free. A lien on your title indicates to us that your car is technically owned by another entity until you repay them, rendering it useless as collateral—especially given that our vendors need to place a lien against your car to secure their investment of lending money.
Check your paper or electronic title. On a paper title, you should see a lienholder category filled out with a name if someone has a lien against it. Electronic titles will usually list the lien separately. Either way, you will need to pay the lienholder what you owe them and ask them to remove their claim from the title.
Electronic liens can be removed by the lienholder, but if you have a paper title, then you’ll need to take it, along with the Lien Release Form issued by the lienholder after you pay your debt, and apply for a duplicate title at your local DMV office. Once that’s done, you’re all clear to apply for one of our vendors' loans.
Proof Of Income
The last document you will need to take out a loan is proof of income. In some cases, our vendors may ask you to provide your most recent pay stub to confirm your income is sufficient to repay the loan. Once confirmed, you can walk through the rest of the process hassle-free.
The Vehicle Itself
When requesting a title loan using your car title, you must use the vehicle that is listed on the title to secure your emergency cash. You are not required to give up the car, van, or truck you use as collateral, but you will need it for a quick inspection to determine the amount you can borrow, and then you can drive it as you normally would.
The Loan Process Through Title And Payday Loans
Getting your loan has never been easier, and because you’re already on titleandpaydayloans.com, you’re one step closer to securing the emergency cash you need!
Start with the request form on our website, which will send all your basic information to a representative. Then, one of our call center specialists will phone you back to explain the process and answer your questions. At that time, they will connect you with one of our trusted licensed vendors, who will schedule a time for you to meet.
When you head to the meeting, be sure to bring along your driver’s license or other ID, lien-free title, and vehicle. In some cases, customers may have to provide proof of income so be sure to bring that as well.
Once the vendor’s representative has confirmed your items and inspected your vehicle, you can finalize the loan agreement for approval. If you are approved, you can receive your money that day or the following business day and still keep your vehicle.
Common Title Loan Questions
Do I Need To Have Good Credit?
No, you don’t need good credit to secure a title loan through one of our vendors. Your car’s title serves as collateral, protecting the interest of the loan and ensuring us that you will repay it according to the contract.
Who Issues The Loan?
Titleandpaydayloans.com connects you with our network of licensed vendors who can help you get the money you need through a title loan—as much as $15,000, depending on the value of your vehicle. We go through your request form to connect you with one of these vendors to find the best match for your unique lending situation.
Take Out Your Loan Today!
Life can be unpredictable, hitting you with an unplanned expense at the worst possible time. When that happens titleandpaydayloans.com has the resources to connect you with a trusted licensed vendor to get Texas title loans.
The requirements you’ll need include your car, truck, or van, lien-free title, state ID, and, in some cases, proof of income. Pretty simple, right? Our process is stress-free and quick, so if you need urgent cash, fill out the online form and let us connect you with a trusted vendor today!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.