If you are in need of a quick loan and do not want to go through the frustrating and drawn-out loan application process of a traditional lender such as a bank, then taking out a car title loan in Lewisville might be the perfect option for you. After all, a car title loan requires absolutely no credit check, which means that you can get approved and get the money that you need in as little as a day or two.
Not to mention, you can get instantly approved for an amount up to the total value of your car, and all you need to do is to present a clean title!
What You Will Need
Before you decide to apply for a car title loan, there are some basic documents that you will want to gather to make the process easier and quicker.
For starters, you will need a state ID or driver’s license. Furthermore, you will need the title of your vehicle with no lien holders on it to use as collateral for the loan.
Since there will be no credit check, you will need to provide some kind of proof of income in the form of a tax statement or pay stub. Finally, you should bring your vehicle in at the time of the application so that a quick inspection can be run on it in order to determine its value.
Once you have all of this information, feel free to come into the VIP Title Loans offices in order to apply. So long as you have proof of income, residency, and a clean title, you should be able to get approved for a loan on the spot! The amount you are approved for will depend on your income and the value of your car.
What to Expect
Once you are approved, you will be presented with the terms of your loan. This includes the interest rate at which you will need to pay back the loan in addition to how long you will have to pay it off. Of course, if you ever need to be late on a payment, the VIP Title Loans is very understanding and will work with you.
Once you sign the loan agreement, the funds are instantly released to you and the money is yours to do with what you wish. You can use it to pay down other balances, pay your rent, buy groceries, or anything else you may need.
If you do not have a car but have a title for another type of vehicle, you can also use this to take out a car title loan! This could be a title for an RV, motorcycle, or any other type of vehicle that has value.