There are many reasons why people may need a loan, especially now when the economy has not yet fully recovered. A loan may enable a borrower advance ahead in life, pay off their debts, meet a need, or even invest in a business. Loans have become really difficult to acquire lately mainly due to strict terms that banks have imposed on borrowers. Basically, consumers with a bad credit history will not be able to access any bank loans or other forms of credit from lenders. This makes it very difficult for them to borrow loans.
How Can I Get a Texas Title Loan?
However, there are easy and affordable loans that such consumers can borrow. Basically, residents of the state of Texas, especially in major cities and suburbs such as Garland will be able to get a cash advance at a very affordable rate to local residents. There are attractive lines of credit offered by VIP Title Loans, a local credit company that provides loans to its customers. Here, a customer can acquire an easy car title loan Garland which they can spend in any way they prefer.
In order to qualify for a loan, an applicant will be required to own a car that has a title. This car will be evaluated by professionals at the local VIP Title Loans company. There is never a need to book an appointment for the valuation process as there are always professionals at the company ready to value the car. If the customer drives to the car to the center and has it valued, they will then get documentation which will then allow them an opportunity to apply for an auto loan. The loan process is really easy, takes a short time and the funds applied for will be made available within a very short time. An applicant may apply for a loan amount equivalent to the value of their car or less.
Another great feature of the Texas auto title cash loan is that the auto owner or borrower does not need to leave their car with the lender. They simply get a lien on the car and then get to drive off with the car and use it normally.
What Does a Title Loan Cost?
The loan costs a mere 6 percent in interest per annum which is very affordable compared to other lenders of the same loan product who charge about 300 percent per annum.
This presents huge savings and hence the reason more and more consumers in Texas are seeking this particular credit advance.
Once a borrower receives the money, they can use it in any way they choose without any conditions or limitations. The lenders will not be concerned about the borrowers’ credit ratings. Basically, a person with a negative credit rating can get to borrow this loan and use just like a person with an impeccable credit score.