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

VIP Title LoansYou’ve probably heard that if something seems too good to be true, it usually is. Nowhere is this piece of wisdom more applicable than when you’re borrowing money. Especially if you’re considering a title loan, it’s extremely important to compare rates to avoid getting in over your head.

In Texas, title loan laws are a little looser than they are in some states. For instance, there’s no limit on the amount borrowed. The allure of getting a substantial payout may seem irresistible, but if you think it through, you’ll realize that paying it back could be a problem. Another interesting fact about Texas is that while there is a 10% cap on interest rates, title loan companies are an exception to this rule because they’re considered Credit Access Businesses (CAB). As a result, the average interest rate on a Texas title loan is 277 percent annually! Consider this: a $500 title loan at that rate ends up costing nearly $2000 over the course of a year.

The best way to compare title loan companies is to compare interest rates. Shopping around for the right loan means that short-term relief doesn’t turn into long-term debt.  If you look into the practices of VIP vs our competitors, you’ll see that our loans afford you many benefits. Unlike many other title loan companies, which are out-of-state lenders, we’re a locally owned and operated business. This means we are governed by the laws of Texas, and we follow them to the letter. Here are some of the ways we make lending easier and less painful for you.

  • Lowest total payback in the industry.
  • Most lenient grace period for late and missed payments in the industry.
  • Cash advances on your current loan if you need additional money.
  • Unlike our competition, we offer installment loans with monthly payments, not one-month loans that expire every 30 days.
  • We don’t require new loan paperwork every time you come in to make your payment.

The good news is that if you have been taken in by a company with an exorbitant interest rate, our title loan buyout experts will work with you to get you the help you need. One of the top companies that buy out title loans, we’ll pay off your loan if you’re stuck with a high-interest rate or bad terms. Additionally, we’ll help if your current loan is a 30-day max.

When you’re looking for a fair deal on a loan, VIP Title Loans is here for you. We understand that getting the best title loan interest rate is important to you, and we value your dollar. That’s why we offer competitive, manageable rates, keeping our fees lower than most other companies. We want to earn your business by saving you money, and with locations in Arlington, Dallas, Garland, Lewisville/Denton, Mid Cities/N.E. Ft. Worth, and Richardson, we’re easy to find. Call us at 214-819-9491 or 682-325-4202, or contact us for more information.