Quick Approval Online Car Title Loans In Dallas, TX
Anyone looking for a loan in Dallas should know a title loan is a viable option if you have a paid off vehicle. Unlike unsecured personal loans that require decent credit, you can be approved for a title loan even with a FICO score that’s under 600! That’s because your vehicle is the collateral for a title loan, not your credit score!
These loans can be approved and funded in less than 24 hours with cash sent directly to your bank account, and most applicants with proof of income and a lien free vehicle will qualify. Title Pawn Online works with direct lenders in Dallas, and we’ll find you the best lending terms, interest rates, and payoff options for your vehicle equity loan.
Loan Amounts With Online Title Loans In Dallas
Loan amounts are often based on the value of your car or truck, and you can typically borrow 35% to 60% of the vehicle’s current resale value in Texas. For instance, a car worth $10,000 can get you a loan of $4,000 or more. Average loan amounts with title pawns in Dallas are currently $2,000, with more significant amounts for high value cars and SUVs. The newer your vehicle is and the fewer miles you have, the more money you should be able to borrow. Additionally, many title lenders also offer flexible lending terms and competitive interest rates that could be more favorable than what you would see from local payday advance companies.
Title Loans With Bad Credit Are Possible In Dallas, TX
You shouldn’t be concerned about applying for car title loans in Dallas with bad credit. Most customers applying with Title Pawn Online have poor credit histories; many have already been turned for a payday loan or cash advance. A title loan uses your vehicle’s collateral to secure the loan, and bad credit is not a significant underwriting factor. Your FICO score only becomes an issue if you recently defaulted on a title loan and had the vehicle repossessed. In this scenario, you would likely be limited to a lower loan amount of $2,000 or less.
One thing worth noting about these bad credit title loans in Dallas is that some finance companies will report your monthly payments to the credit bureaus. That means you may be able to raise your credit score as you pay off the title loan!
Interest Rates For Vehicle Title Loans In Dallas
Once approved for a title loan you will be given a lending period and interest rate based on several factors. These factors include the car’s resale value in Texas and how quickly you can repay the loan. Expect an interest rate of at least 50% in Dallas with some companies in Dallas County offering loans with rates over 100%. Because of the high APR, you should try to pay extra each month to pay down the balance. Or consider paying off the entire loan over the first few months to avoid excessive charges that could make it nearly impossible to get out of the debt.
Apply Now For Online Title Loans In Dallas, TX
Are you looking for cash from a title pawn in Texas for the equity in your car or truck? Assuming the vehicle is fully paid off and the car title is in your possession, getting cash for the pink slip shouldn’t be much of a problem. Lenders in Dallas will let you keep driving the car and hold the car’s title as collateral for the loan. Qualify fast using the hassle free form on Title Pawn Online and get a lending decision in less than 15 minutes. Once approved, it takes less than an hour to have the cash sent by ACH or bank wire to your checking account!
Apply Now For Title Loans In Other Texas Locations: