Applying for Texas Title Loans Through The Internet
If you live in Texas, then you have probably heard of title loans, which are a very popular option there for people who have found themselves in a financial situation where they need cash quickly. These loans are popular because they do not require borrowers to have good credit, or even any credit for that matter. In fact, all that is needed to qualify for them is a lien-free vehicle title that can be used as collateral on the loan and regular income that can be used to repay the loan when the time comes.
Borrowers love how very easy it is to get these loans, and they also enjoy the fact that they can continue driving their vehicles as they pay back the loan. There really are many wonderful things about title loans, and they are definitely worth considering when you’re strapped for cash.
Lost Your Title?
One of the most common problems people have when they’re applying for title loans is not being able to locate their vehicle titles. Through moving and just life in general, people often lose the physical copies of their titles.
Fortunately, learning how to get a title for a car in Texas is not hard. In fact, the Texas division of motor vehicles (DMV) makes the process very simple. You just fill out a form which serves as your application for a certified copy of your title and then pay a small fee. From there, you just have to wait until your new title arrives.
Expediting the Process
Now that you know how to get a title for a car, your next concern might be about how long it will take to get your new title. Unfortunately, it can sometimes take a few days or, depending on how busy your local DMV is, a week or longer.
If you’re like most people who take out title loans, you probably want your cash faster than that! You can ask your local DMV branch if they offer expedited service; some branches do for an additional fee.
If that is not an option, talk with your lender. Some will still lend to you if you can prove that you have requested a copy of the title. That varies from lender to lender, though, but if you really need your cash right away, it’s worth it to keep searching until you find a lender that will work with you in this regard.
Title loans are great and are easy to get, but they’re not quite as easy to get when you can’t locate your title. Fortunately, though, your local DMV is a great resource and can provide you with a copy of your title. It can also let you know if there are any liens on your vehicle and, if so, what you will need to do to clear them in order to qualify for a title loan.
Use the DMV to your advantage, as well as the helpful information here, and you should have your replacement title and your loan funds before you know it!