What is the Worst Case Scenario with Houston Car Title Loans?

Car title loans in Houston are actually a lot like payday loans, as both options offer a simple application and approval process to get you money same-day. When you apply for a payday loan, the lender will require personal information, such as job history and monthly income, but your credit will not be checked. Payday loans are unsecured, which means you don't need to give up any belongings as collateral against your loan. While this may be an advantage, it also means payday loans are a higher risk with a higher interest rate for a lower sum of money, which is usually between $150 and $1,000.

Despite the similarities, Houston car title loans are a bit different. Title lenders will still want to same information and they will not check your credit, but your vehicle is used as collateral against your loan. When you take out car title loans, Houston lenders will use the value and equity in your car as a basis for the loan. Your loan could be up to $15,000, depending on how much your car is worth. You will also need to give the lender your car's title until you pay back the balance.

Don't Make Houston Car Title Loans Long-Term!

It's true that lenders will allow you 1-3 months to pay back car title loans in Houston, and you can take even longer to pay back the balance by continually rolling your loan into a new one. Keep in mind the longer you take to pay off your balance, the more often you will need to roll it over. The more you extend the loan, the more interest and fees you will need to pay. As your balance grows, it will become even more challenging to pay off the balance for good.

The vast majority of title lenders will happily work with you if you let them know you're having trouble making your payments. Still, they have the right to take action if you default on your loan, which is even more likely if you don't try to work with them first. The consequences of falling behind on title loans is serious, and if you fail to make payments on car title loans in Houston, lenders may:

• Repossess your car without notice

• Require you to pay off the balance in full before they give the car back

• Sell your car at auction to recover their losses

• Sue you for the remaining balance after your car is sold

If this happens to you, remember that lenders cannot break into your home, nor can they physically threaten you. If you can't make your monthly payments and you're afraid of falling behind, you need to contact your lender as soon as possible. They will work with you to create a new agreement on your payment terms. Remember: lenders don't want to repossess your car! It's very expensive for them, and they probably won't even recover the full balance you owe.

If you're planning to apply for car title loans in Houston in the near future, make sure you can afford the loan ahead of time to avoid problems later on. Car title loans are certainly a great option and give you money when you need it, but they are not intended to be a long-term debt.

Title Loans Houston Explains How Car Title Loan Interest Works in Texas

Title Loans Houston, which provides car title loans to residents in Texas, explains how interest is calculated on title loans. According to the lender, this is one area that most confuses borrowers, and it may lead some to borrow more than they can afford to repay.

The lender also points out that many are surprised to learn that these loans offer rates that are comparable to credit card rates, which may be surprising considering the reputation these short-term, bad credit loans have obtained.

Most car title lenders in Texas offer pre-calculated interest rates, which are determined based on the resale value of the car. This interest is simple interest, which is a percentage of the principal amount, unlike compound interest, which is interest not only on the original balance but also on interest previously earned. The lender does point out that this interest rate may change if the loan is refinanced for a larger amount.

Title Loans Houston recommends using a simple online interest calculator to look at the total cost of the loan, which requires only the principal amount (the amount borrowed) the interest rate and the length of the loan. The faster the loan is paid back, the lower the total cost in most cases.

In Houston, car title loans often have interest rates that are up to half the APR of payday loans. While the APR may be shocking, it's important to remember that this is the interest rate if the loan is spread out over 12 full months, while title loans are meant to be a short-term loan for two to six weeks. State law requires stating an APR, it is not necessarily the best indication of the cost of the interest.

Title loans often have a flat fee per $100 borrowed, so the typical cost for a $500 loan for two weeks may just be $55. As Title Loans Houston points out, this cost can be lower than the cost of late fees, bounced checks, disconnection or reconnection fees from utility companies or a default APR on a credit card after a missed payment.

Title Loans Houston recommends consumers do their research before taking out a title loan. The industry is competitive, so it's possible to find a much lower rate by shopping around. Consumers should also borrow only what is necessary and affordable to repay to avoid the consequences of defaulting, as their vehicle may be repossessed.

When used responsibly, title loans can help consumers get through a difficult time and even save money, depending on their circumstances.

Title Loans Houston provides title loans to Houston residents between $500 and $15,000, depending on the vehicle's make, model, year, mileage and condition. Houston residents can learn more and apply online. 

We provide affordable, short-term car title loans in Houston with flexible repayment terms and reasonable interest rates. They offer a quick, easy lending process with phone or online applications accepted and same-day delivery of cash up to $5,000.

How To Get A Car Title Loan In Houston?

Have you found yourself short on cash? Are you in need of a loan but don't think there is any way you can get one?  For many people in Houston this is a real dilemma. Banks have become much more strict when it comes to loaning money. When you need money, you need it now. If you own your car, a Houston car title loan may be right for you.

Car Title loans began in the early 1990's and have grown increasingly popular. The reason they have gained such popularity is because of their ability to provide cash quickly, without the hassle of a credit check or the approval of an underwriter.

Houston car title loans are a quick and easy way to get cash. Most car title loans can be acquired in 15 minutes or  less. Car title loans offer a loan option for people with all types of credit. You can secure a car title loan if you have excellent credit, fair credit, poor credit or no credit at all.

How does a car title loan work? A car title loan is a loan secured with the equity of your car. The car title loan company will keep your car title and you give you the money you deserve. They make getting a loan easier than ever.

How can I get a car title loan? A borrower can seek the services of a lender either online or at a store location. There are many Houston car title loan agents waiting to help you. To secure a loan you will need to provide the hard copy of your car title. You may also need to provide certain forms of identification like, a valid government issued ID, proof of income, as well as vehicle registration.

Car title loans in Houston are simple and can be used for so many things. Finding yourself in need of cash can be a huge problem. Payday may be far away but you have bills that are due now. Many do not know the value of securing a car title loan. A car title loan is something that can be done by anyone who owns their car. Depending on the value of your car, you can instantly secure thousands of dollars. It couldn't be any easier.

When you find yourself low on cash, secure a car title loan and drive away with the money you need. Car title loans in Houston provide an efficient and effective way to get a loan. Remember, there is no credit check, no waiting and no hassle. With Houston car title loans you can keep your car and get the cash you need. It has never been easier to get a loan. Get cash fast with a Houston car title loan today.

Getting a Personal Loan in Houston with Bad Credit

If you have bad credit, you probably already know just how hard it can be to qualify for even a small loan when times are tough. If you're having trouble paying the rent, fixing your car or paying bills, it's easy to feel pretty desperate with seemingly nowhere to turn for help. Fortunately, there is one option that's always available, regardless of your credit, and that's car title loans. Houston lenders will not check your credit, allowing you to borrow money against the value of your vehicle to take care of what's important and get through a tough situation.

Getting a loan has never been easier with Houston car title loans available to any Texas resident who owns their vehicle outright. The process itself requires less than five minutes with instant approval online, and you can have cash in hand or in your bank account in less than an hour.

When used responsibly, car title loans in Houston can be an excellent solution to a short-term financial problem, whether you're dealing with unexpected bills, sudden job loss or just one of life's emergencies. While traditional lenders will not lend you any money if you have bad credit, title loan providers can give you up to $15,000 in cash, depending on the value of your car.

To qualify for car title loans in Houston, you must own your own car, truck or motorcycle outright with a clear title, or with a very small balance remaining on an existing loan. You will also need to be over 18. There are risks involved with this type of loan, though, as the lender will repossess your vehicle if you default on the loan. That's why it's very important to only borrow what you need and can afford to repay.

You'll also want to compare Houston car title loans between lenders, as interest rates and terms can vary a great deal. Shop around for the best rate and don't feel rushed, even if you need the money quickly. Shopping around can save you hundreds or thousands in interest, and it will make it easier for you to find the most affordable loan possible. This will reduce your risk of defaulting and help you get through your temporary setback.

Car title loans can be a real gift when you're in a bind, but don't be tempted to borrow more than you need, just because a lender is willing to lend it to you. Don't put yourself into a cycle of debt; prepare a budget beforehand and know exactly how much you can afford to pay. This way, you can turn to this source of emergency money whenever you need to and afford to pay it back quickly to minimize the cost.

Car Title Loans Dispels Common Myths About Title Loans

According to Title Loan Cooper Services, which provides car title loans in Texas, many people have misconceptions about title loans, including the process to obtain a loan and what they are used for. This can hold some people back from getting an emergency loan when they need it most. Cooper Services dispels many of the common myths surrounding car title loans.

One of the biggest misconceptions people have is they will not be able to keep their car or truck. The truth is title loans are just a loan on the title of the car, and borrowers do not need to turn over their vehicle to get the loan, just the vehicle's title. The lender retains the title and places a legal lien on the car. As long as the borrower makes the agreed-upon payments, the car remains in their possession the entire time and the title is returned upon full repayment.

Many people also believe the lender restricts how the borrowers may use the money, which is simply not true. While traditional lenders do this, and require the loan be used to make home improvements, for example, car title loan companies do not ask questions about how the money will be used and the purpose of the loan is irrelevant.

Title loan contracts are also very brief and are not filled with tricks designed to deceive the borrower, contrary to popular belief. Lending laws enforce very strict rules over the industry about what terms are acceptable and how the contract must be worded. If there is excessive verbiage, it's usually the fault of state laws, not the lender.

Car Title Loans finds that many people also believe that title loans must be paid off within 30 days, which is also false. Most of the time, borrowers have up to three years to pay off the loan with monthly payment arrangements that meet the borrower's budget. Of course, borrowers have the option of paying off the loan at any time, and paying off the balance early can save the borrower extensively.

Finally, We dispel the myth that online title loans are not available. Most title loan providers do not run credit checks, so individuals with bad credit may apply and even take advantage of online title loan services. In this case, necessary documentation is provided online, and the borrower brings in or mails the title to the lender once the loan is approved. Many lenders also offer to meet borrowers at a convenient location to sign the documents and exchange the title for cash after the online process is complete.

We offer online car title loans to Texas residents.

Car Title Loans is headquartered in San Antonio, Texas with three locations and serves all of Texas by facilitating title loans online. Their simple three-step process includes a brief online application, a phone verification and a meeting with a mobile loan agent to deliver the cash, typically same-day.

Car Title Loans to Get Through a Tough Time

Living in Miami can lead to a very expensive lifestyle. That’s not even considering it to be an extravagant lifestyle. Simply surviving in Miami can be difficult enough, but consider living it on a low income budget and you have yourself a recipe for financial disaster.

We have all been in the position of being broke at some point in our lives. Many of us have experienced the ultimate hard week where our tires blow out, the dog gets sick, the refrigerator breaks, and the ceiling caves in. It’s in this time of hardship that we learn that sometimes we have to ask for help to make it through to the next paycheck.  In an economy where more and more people are living paycheck to paycheck, there is a need for quick income solutions and car title loans are fast becoming one of the methods people are using to help survive day to day living expenses.

What is a car title loan? Basically when considering a car title loan you are signing on for something similar to a personal loan from a financial establishment with your personal automobile as collateral against the loan. A lot of people would feel more comfortable getting a personal loan from a banking institution that does not require them to put anything up for collateral, but if you are like so many others struggling in this economy, you may not have the established credit, or even a high enough credit score to qualify for one of these loans. Many others will seek payday loans, which is a good option if you need a small amount of cash coming in for a short amount of time, usually two weeks. If you’re seeking a larger sum, perhaps to help pay for vet bills or unforeseen living expenses like a broken refrigerator, then your best bet is going to be a car title loan.

Getting a car title loan in Miami is fast, easy and convenient. When you go to make the transaction make sure you have the car title with you. You may need to provide personal references in order to establish a trust between yourself and the financial institution you are seeking money from. They will generally want at least three people, and will ask you to provide names and phone numbers that these individuals can be contacted at. Many establishments that offer car title loans in Miami will even allow you to keep the car in your possession while you are making the installments to repay the loan. Once you have taken out a car title loan in Miami, make sure you stay up to date on the payments because they will have your title as collateral which means that even if you’re only a day late on repayment they can have your car repossessed. We all need a helping hand once in a while; it’s okay to seek one out. Just make sure you know what you’re getting into and that you hold up to the end of your contract. If you can do that, then getting a car title loan may be a good way to help you get out of a financial rut.

Smart Ways to Use Title Loans in Ohio

According to Car Title Loans of Ohio, title loans have a bad reputation in the United States that isn't necessarily fair. While borrowers do risk losing their vehicle and must pay high interest charges, title loans are risky for lenders as well, and they provide emergency loans to people who cannot obtain a loan from a bank or credit union. 

The lender even points out there are some ways title loans can save borrowers money, and shares three of these methods below. 

A representative from American Car Title Loans explains that most borrowers seem to turn to this loan option to save money by avoiding late payments on other bills. He pointed out that utility companies typically charge both a disconnection and reconnection fee if the service is turned off, as well as late fees. These fees can easily top $100, even if the bill amount is less than $150. 

In this case, consumers can save a substantial amount of money by borrowing just $150 with a title loan for one or two weeks to avoid late fees, utility disconnection and reconnection fees that go with it. The typical interest charges for a loan of this amount is minimal. 

Consumers may also use title loans to put cash in their bank account to cover checks that have been written in the last few days. According to Bankrate.com, the average bounced check fee is more than $27, and this is just the amount the consumer has to pay the bank; the consumer may also be on the hook for another $25 or so to the company that deposited the check. 

Bounced checks have become more frequent thanks to electronic check clearing today, which means banks don't need to take the time to process a physical check but instead use a digital check. Checks can now clear a bank account in hours, not days. 

Consumers who realize they have written checks to local businesses or mailed checks to another lender may obtain a title loan in Ohio and have money in their bank account in under one hour to cover these checks and avoid substantial fees. 

Finally, Car Title Loans points out that some consumers may save money by using a title loan to consolidate debt from credit cards and even a small car loan balance. This will not save every consumer money, as it depends on the interest charges currently being paid to the companies, the difference between the old minimum payments and the new minimum payment and how long they take to pay off the title loan. 

It also comes with risk, as the lender points out. Still, consumers should do the math to see if a title loan can save them money by consolidating several smaller credit card and car loan balances into one new loan. 

American Car Title Loans provides title loans to residents in Ohio. All Car Title Loans serves the entire state of Ohio and specializes in online title loans. Their lending process begins with a short online application, followed by a follow-up phone call for verification and a meeting with a mobile loan agent at a convenient location to complete the loan and deliver the cash same-day. They have four locations, including locations in Columbus, Cleveland and Cincinnati.

Houston Car Title Loans are Temporary Solution for Small Businesses

Car title loans in Houston are a type of secured loan in which the borrower uses their vehicle as collateral. The borrower allows the lender to place a lien on their title and temporarily surrenders the hard copy in exchange for the loan amount.  When the short-term loan is repaid the lender releases the lien on the title. If the borrow defaults on payments or is unable to repay then the lender can repossess the vehicle and sell it for monies owed. A car title loan is typically short-term and can carry a higher interest rate than other credit of 35% to over 100% but is generally available to almost anyone without a credit check. Most companies require proof of address, employment, government-issued identification and proof of car insurance. Many Houston car title loans can be processed in less than 15 minutes for as little as $100. This small amount is not generally available through most other financial institutions who usually won’t lend amounts less than $1000. The maximum car title loan amount is calculated from the resale value of the car. Many lenders will offer up to half of the vehicle’s resale value but this amount often varies depending on the state in which the loan is acquired.

Payment schedules may differ but the borrower must pay the interest due by each due date. The full outstanding amount may be due in a single payment at the end of the term of the loan. Sometimes the borrower is unable to repay the loan at this time and they have the option to roll the balance over, and take out a new title loan. Often, government regulation limits the total number of times that a borrower can roll the loan over, to help the borrower from remaining perpetually in debt.

A car title loan can provide quick cash for a small business in Houston. Many small businesses struggle with cash flow especially in their beginning days. Often a small amount of money is needed to purchase equipment, new inventory or pay employees but is not immediately available. Frequently the money is tied up in receivables and existing inventory. This small amount is not often available through most financial institutions who lend don’t lend amounts less than $1000. A short-term Houston car title loan can provide the money the business needs to continue operation. Many new small businesses begin with an idea but often forget to create a solid business plan. A business plan includes sale projections, how the business will run and realistic projections of how much money it will make.