What Documents Are Needed For Texas Title Loans?
Planning ahead, especially when it comes to loans, is always a smart move. If you're considering a Texas title loan, understanding the required documents beforehand can save time and speed up approval. Our vendors make the process simple, and in this guide, we’ll cover the essential documents for Texas title loans to help you get started quickly.
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 Documents Are Needed 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
Let’s go over each requirement in more detail.
1. Valid Identification (State-Issued ID)
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.
2. 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.
3. Proof of Income for Title Loans in Texas
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.
4. Bring Your Vehicle for a Quick Inspection
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.
How to Apply for a Texas Title Loan Online
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 on the homepage of TitleandPaydayLoans.com, 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 Questions About Texas Title Loans
Do I Need Good Credit to Get a Title Loan?
No! Unlike traditional loans, a Texas title loan is secured by your vehicle title, so your credit score is not a primary factor.
How Much Can I Borrow with a Texas Title Loan?
Loan amounts depend on your vehicle’s market value and lender policies. Some borrowers qualify for up to $15,000.
Are Texas Title Loans Available for All Vehicles?
Yes, our vendors accept cars, trucks, SUVs, and even motorcycles for title loans in Texas.
Take Out Your Texas Title 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.
