Truck Title Loans
Truck Title Loans in DFW Metroplex
If you need a short-term loan option for an unexpected expense, a truck title loan can help you get the money you need quickly and easily. At VIP Title Loans, our truck title loans are a safe, stress-free option for people who need to pay an unexpected bill, can’t make rent, or are facing hardship. We do everything we can to make the online loan application process fast and easy, and you can often borrow 25-50% of the value of your truck. Apply for a truck title loan in Arlington, Dallas, Garland, Hickory Creek, Colleyville, or Richardson, TX.
What Is a Truck Title Loan?
A truck title loan allows you to borrow money using your truck’s title as collateral. You will need to sign your title over to the lender, and they will hold your title until your loan is repaid. If you don’t faithfully meet the terms of your loan repayment plan, your truck may be repossessed by the title company. Most people choose title loans because they need money on the same day or within hours. The loan process allows you to use the value of your truck to meet eligibility for a loan without using your credit history. Even if you have bad credit, you may still qualify for a title loan. There are a few different types of truck title loans:
- Pickup truck title loans
- Commercial truck title loans
- Box truck title loans
- Semi-truck title loans
How Do Truck Title Loans Work?
If you own your truck outright or have it almost paid off, you may be eligible for a title loan. You will need to provide your lender with documentation or information that proves your identity, income, and residence. You will also need to provide information about the make, model, year, condition, and mileage of your truck. In most cases, you can borrow between 25-50% of the value of the truck, and you can get funds within hours or that same day. The length of your loan may be between 15-30 days, but you can repay it faster if you’re able. If you don’t repay your loan according to your loan agreement, the lender is authorized to repossess your truck.
Eligibility Requirements for Truck Title Loans
We make it easy to apply for a truck title loan online. Here is a look at our eligibility requirements for title loans:
- You must be 18 years or older.
- The truck title must be in your name only.
- The truck title must be clean and free of liens.
- The truck must be paid off or almost paid off.
- You must provide a valid government-issued ID.
- You must have proof of income and residence.
- The truck must be in good condition.
Why Consider a Truck Title Loan?
Most people consider truck title loans because they need money quickly. If you have medical bills, rent, utility bills, school expenses, childcare expenses, or another bill or expense that you aren’t prepared to handle, a title loan may cover it. Title loans are also a good loan option for people with bad credit, as you don’t need to undergo a credit check, and your credit history will not be considered.
What to Expect From the Title Loan Application Process
You can apply for a truck title loan online using our simple, straightforward application process. Here is a look at how the process will go:
- Gather your documentation for your truck, including the title and any information about its condition.
- Gather documentation showing proof of income and proof of residence, such as your bank statements, pay stubs, utility bills, or lease.
- Begin our online title loan application.
- Provide us with your truck’s make, model, year, mileage, condition, and VIN.
- We will either schedule a visual inspection of your vehicle to assess its value or ask you to submit photos or videos that clearly show the condition of your truck.
- We will give you your loan amount, which is usually between 25-50% of the truck’s value.
- We will provide you with your loan terms, including your repayment plan.
- Tell us how you want your loan to be funded.
- Sign and return the loan documents.
- We will fund your loan.
- Make payments according to your repayment plan.
Learn More From VIP Loans or Start Your Application Today
We offer fast, convenient, and stress-free loan options for people with bad credit or no credit. Our title loans can give you the money you need when you need it most so that you can handle unexpected expenses like a large utility bill, medical bill, or school expense. We do everything we can to make the process simple and straightforward so that you can overcome unforeseen financial challenges quickly. Apply for a truck title loan online today, or visit one of our five locations if you have questions about our truck title loans in Arlington, Dallas, Garland, Hickory Creek, Colleyville, or Richardson, TX.