Payday Loan 
Title Loan 
Personal Loan 
Business Loan What is a Title Loan?
A title loan is a type of loan in which the borrower pledges their vehicle, usually a car or truck, as collateral for the loan. Title loans are usually short-term loans, with a repayment period ranging from 15 days to 1 year. The lender holds the title to the vehicle as collateral and the borrower has the right to continue to use the vehicle during the loan period. As the loan is secured by the vehicle, the interest rates are often quite high – but they can offer a convenient and fast way to get extra cash.
Are Title Loans Legal in Texas?
Yes, title loans are legal in the state of Texas. Texas law requires that all title loan lenders be licensed, abide by usury laws and follow other consumer protection regulations. All title loan lenders in Texas must be members of the Texas Title Loan Association (TTL) and state-licensed.
Title Loans in Mesquite, Texas
Mesquite, Texas, is home to a number of title loan lenders. These lenders offer fast cash to help borrowers bridge the gap between their expenses and their income. A title loan in Mesquite, Texas, can be a great way to get emergency cash in a hurry.
When comparing title loans in Mesquite, Texas, it’s important to consider the loan term, the interest rate, and the other fees that may be associated with the loan. It’s also important to look at the lender’s reputation and track record, to make sure that the loan terms are fair and the lender is reputable.
Advantages of Title Loans in Mesquite, Texas
There are several advantages to getting a title loan in Mesquite, Texas. The biggest advantage is the fast access to cash – often within 24 hours. Title loans can also offer relatively low interest rates, compared to some other types of loans. And unlike pawnshops, you don’t need to surrender your vehicle to get the loan – you just need to provide the title.
Drawbacks of Title Loans in Mesquite, Texas
There are some drawbacks to title loans in Mesquite, Texas, as well. If you are unable to pay off the loan within the agreed-upon time frame, you may be subjected to hefty late fees and additional interest charges. Additionally, if you do not pay off the loan, the lender may be able to repossess the vehicle.
Alternatives to Title Loans in Mesquite, Texas
If you’re looking for extra cash in Mesquite, Texas, there are other options besides a title loan. Before you take out a title loan, consider an alternative such as asking a family member or friend for a loan, or taking out a personal loan from a bank or credit union. These may have more favorable terms and lower interest rates than a title loan.
F.A.Q. about Title Loans in Mesquite, Texas
Q: How much can I borrow with a title loan in Mesquite, Texas?
A: The amount you can borrow will depend on the value of your vehicle and your ability to repay the loan. Generally, you can borrow between 25% to 50% of the value of your car.
Q: What documents do I need to apply for a title loan in Mesquite, Texas?
A: Generally, you will need to provide proof of income, proof of identity, proof of residence, your vehicle title and registration, and proof of auto insurance.
Q: What happens if I can’t repay the loan?
A: If you are unable to repay the loan, the lender may be able to repossess the vehicle.
Apply Now for a Title Loan in Mesquite, Texas
If you need emergency cash in Mesquite, Texas, a title loan can provide quick and convenient access to funds. At TheGuaranteedLoans, we can help you find a lender for your title loan. We are not lenders, but we will connect you with lenders who offer title loans. Just fill out the online application form and we will get to work finding you the best deal for your title loan.