Requirements To Get a Short Term Loan
Discount Car Title Loan
What do I need to apply for a car title loan?
At Discount Car Title Loan, Texas, we will need your personal information (name, phone, email, and zip code) and your vehicle information (make, model, year, and estimated mileage) and weíll require you to have a valid government-issued ID, a lien-free title, and proof of income.
Do I need a job to get approved for a loan? What if I am on disability or retired?
No, you donít need to be employed to get a car title loan. However, you do need a source of regular income. Other forms of income such as disability, social security, child support, alimony, unemployment, and self-employment are accepted as long as you can provide proof.
Can I get a title loan without a bank account?
Yes, you can qualify for a personal loan or car title loan without having a bank account. Discount Car Title Loan will only require a bank account if you choose to receive your money via ACH.
Can I get a personal loan or a car title loan after bankruptcy?
Yes, you may still qualify for a personal or a car title loan after filing for bankruptcy. Unlike traditional options, title loans are not limited by your bankruptcy status as these are collateral based loans that rely on the value of your vehicle to secure the payment. In essence, the value of your car is your creditworthiness. At Discount Car Title Loan our lenders will be more than happy to process your title advance just like any other applicant at any of our locations in Texas.
Does the car title have to be in my name? What if there are two names?
Yes, the vehicle title does have to be in the name of the person who is requesting the loan. If your title has your name along with someone else, you will need to discuss this with us to determine the procedures required to obtain a title loan in your state. Typically, titles with two names are accepted as long as both names are on the application.
What if the vehicle is not registered in the state in which I reside?
No problem. In most cases, at Discount Car Title Loan we are still able to process your application even if your vehicle is registered in a state in which it doesn't reside. However, there are special instructions that need to be followed on a case by case basis. Our Discount Car Title Loan representative can walk you through them at any of our locations in Texas.
* To be approved for a Title Loan.You must be at least 18 years of age. Approval is subject to vehicle inspection and appraisal.
**In Texas, Vin-Title, LLC (d/b/a Discount Title Loan) Will act as a Credit Services Organization to assist you in obtaining a loan. Your loan may be made by an unaffiliated third party Lender. Please see the store associate for details.
This service is not available in all areas. If you request a car title loan in a particular area where such loans are prohibited, or in a location where we do not have an available lender, you will not be connected to a lender. You are urged to read and understand the terms of any car title loan offered by any lender and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.
This service is not available in all areas. Our online loan service readily serves your need to connect with a quality car personal loan. The process takes a few minutes. Fill out our secure online loan questionnaire and we will send an encrypted copy for us to approve. Once you submit your information you will be able to review the terms of the personal loan, including details about all the applicable rates and fees. If you accept these terms, you may deposit money directly into your bank account, in many cases, as soon as today!
Lenderís Disclosure of Terms.The lenders will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender based on the lenderís internal policies, underwriting criteria and applicable law. You are urged to read and understand the terms of any loan offered by any lender and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.
Late Payments may Hurt Your Credit Score.Please be aware that missing a payment or making a late payment can negatively impact your credit score (for personal loans). To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments.
What we do. Discount Car Title Loan is not a lender and does not make loan or credit decisions. We connect interested persons with lenders from our approved personal loan and car title loan network. We do not control and are not responsible for the actions or inactions of any lender, we are not an agent, representative or broker of any lender. Our referral service is always free to you.
On-line Marketplace.Our goal is to get you the best title loan rates and title loan terms in the market. We have also made the process simple. No need to visit hundreds of websites and fill out numerous paperwork.