Skip to Content
chevron-left chevron-right chevron-up chevron-right chevron-left arrow-back star phone quote checkbox-checked search wrench info shield play connection mobile coin-dollar spoon-knife ticket pushpin location gift fire feed bubbles home heart calendar price-tag credit-card clock envelop facebook instagram twitter youtube pinterest yelp google reddit linkedin envelope bbb pinterest homeadvisor angies

If you are in need of cash and looking for a way to borrow money, then you need to consider a title loan. A car title loan mid-cities company can get you quick cash with your vehicle title and proof of income. You will also need to show proof of residence in the state of Texas.

What is a Texas Title Loan

You may have heard of a title loan but are not sure what it is. Perhaps you know what a title loan is but think that they are too time-consuming to apply for.

Maybe you think you will not be approved for one because of bad credit. Before you attempt to get the money you need from a payday lender, you need to learn about the option that you have with a title loan. You may have considered payday lenders, but they may not offer you the money you need. If they do, the cost of borrowing from them is astronomical.

If you own a car the chances are very good that you can get a title loan. Owning your car means having the title, or pink slip as it is often called, to your car. With your title and a steady job, you will be able to get a loan. There is no reason to be concerned about how good your credit is because it is irrelevant to your approval. The lender will not even look at your credit report. All that is of concern is that you have the means to pay back the loan. If you have a steady job, this will satisfy a title loan lender.

How much money you will be able to borrow will be dependent on what your car is worth and your income. The duration of the loan is one of the great aspects of a title loan. Unlike payday loans, that will only last one to four weeks, a title loan will be for several months, and the borrower pays it back in installments. This type of loan is easier to manage and does not cost near as much as a payday loan does. Short-term money loaned by a payday lender is unsecured, and the interest rates charged reflect this.

Title Loans Are Secured by Your Car.

If you default on the loan, the lender can get their money back by simply selling the car.

Once you have decided to look at borrowing money on your car’s title, you need to shop around for a good title loan company. Some lenders are better than others. An outstanding title loan company, for those living in the Mid-Cities area, is VIP Title Loans. They offer the lowest interest rates you will find in the state, and their loan approval process is fast. All that is required of you is to bring them your title, proof of residence, and proof of income. You will need to fill out an application, and your vehicle will need to be inspected for its condition.

It is common for this process to take as little as 30 minutes.