Q. Who is Cash Loans Texas?
A. Cash Loans Texas is based in the state of Texas, offering you a convenient and secure way to borrow funds against the equity in your vehicle. Your vehicle is the collateral for the loan. Our speed, accuracy, and efficiency will form the business partnership you have always been looking for with a loan company.
Q. What is a car title loan?
A. A car title loan is a short-term loan secured against your vehicle. In some regions, vehicle title loans are known as "pink-slip" loans or "car title" loans.
Q. What hours is the service available?
A. We accept car title loan application 24/7/365.
Q. How long does it take to get a loan approved?
A. When your application has been submitted, the results will be available in a matter of minutes. Once approved, you will be required to send in the supporting documentation to complete the loan process.
Q. What documents required to apply for a vehicle title loan?
A. 1. Vehicle title (free and clear of any liens)
2. Personal information
3. Drivers license
4. Social Security Card
5. Vehicle registration
6. Proof of insurance
7. Current home phone bill & utility bill.
8. Most recent paycheck stub
9. Two references
10. Spare set of car keys.
Q. Is it necessary to give my Social Security number?
A. Yes, Cash Loans Texas does search a national database of consumers who have a record of transactions with certain lenders.
Q. Will you contact my employer or my references?
A. Cash Loans Texas verifies employment and reference but does not disclose the purpose of the business becasue we respect your privacy.
Q. Do I need to have good credit to get a loan?
A. No, no credit check is required. We do not check credit. But Cash Loans Texas does verify information on application.
Q. What if I have poor credit or have filed bankruptcy?
A. Neither poor credit nor bankruptcy will affect the approval of your loan. However, your bankruptcy must be discharged for a minimum of 6 months.
Q. Do I need any additional collateral?
A. No, your vehicle is your collateral.
Q. How much can I borrow?
A. The amount we loan are determined by the value of the vehicle.
Q. When do I get funds from my loan?
A. Funds are available as soon as your application from our website is completed, and documentation is approved.
Q. Is there a "cooling off" period after I pay off my loan?
A. No, there is no "cooling off" period. You can apply for a new loan immediately.
Q. What happens when my payment is due?
A. We will contact you on your payment date by phone and e-mail. Payment may be made by three (3) different methods, money order, certified check, or debit card/Visa™/MasterCard™ (preferred). A customer must pay at least the monthly installment, which is due. Additional payments are accepted in any increments.
Q. Is there any prepayment penalty?
A. No, there is no prepayment penalty.
Q. Can I get an increase on my current loan?
A. In some cases you may be able to increase your loan amount. If you wish to request an increase, you may e-mail email@example.com or call
OR (866) 888-5188 and ask for an increase. Your application and your payment history with us will determine the results of your request.
Q. Can I renew my loan forever?
A. There is NO NEED FOR RENEWALS. These loans are installment loans. If you only make the minimum payment every thirty (30) days, your loan will be paid in full at the end of the loan term. THESE LOANS ARE NOT INTEREST ONLY LOANS.