Payday Loan 
Title Loan 
Personal Loan 
Business Loan What are Title Loans in Rockwall, Texas?
Title Loans in Rockwall, Texas are short-term loans secured by a vehicle title. These loans are regulated by the Texas Office of Consumer Credit Commissioner and must meet established standards of fair and responsible lending. Title loans can provide a quick solution to a financial emergency, such as medical expenses or auto repairs, but they are not intended as long-term solutions.
What are the benefits of Title Loans?
Title Loans in Rockwall, Texas offer a number of advantages for consumers. Title loans can be approved quickly, in as little as 24 hours. No credit check is required, meaning that those who have poor credit can still qualify for a loan. Title Loans also have lower interest rates than payday loans, making them more affordable for those on a tight budget.
How do Title Loans work in Texas?
In order to obtain a Title Loan in Texas, the borrower must have a lien-free vehicle title in their name, and they must provide proof of ownership and identity. The lender will also require proof of residence and income. After the borrower meets these criteria, the loan is approved and the lender deposits the money in the borrower’s bank account.
The borrower must then make regular payments on the loan. If the borrower misses a payment, the lender may repossess the vehicle. To help protect borrowers from unaffordable loans, the Texas Office of Consumer Credit Commissioner has capped the title loan interest rate at 10% per month or 10.541% annually.
What are the risks of Title Loans?
Title Loans in Rockwall, Texas may provide a convenient way to access quick cash, but they should be used with caution. Title loan interest rates can be high, and if the borrower is unable to make payments, they risk losing their vehicle to repossession. It is also important to note that Title Loans are not intended as long-term solutions, and it is important to pay them off as quickly as possible.
Frequently Asked Questions
Q: What is a Title Loan?
A: A Title Loan is a short-term loan secured by a vehicle title.
Q: What are the requirements for a Title Loan?
A: To obtain a Title Loan in Texas, the borrower must have a lien-free vehicle title in their name, and they must provide proof of ownership and identity. The lender will also require proof of residence and income.
Q: Are Title Loans legal in Texas?
A: Yes, Title Loans are legal in Texas and are regulated by the Texas Office of Consumer Credit Commissioner.
Q: How much can I borrow with a Title Loan?
A: The amount of money you can borrow with a Title Loan depends on the value of your vehicle.
Apply Now
If you are in need of quick cash, TheGuaranteedLoans can help. We are not lenders, but we can connect you with lenders who offer Title Loans in Rockwall, Texas. Simply fill out our online application to get started.