Sometimes a sudden financial emergency can be more than your savings account or credit cards are able to handle. If you put off dealing with expenses, it may make the situation worse, as you could rack up late fees or even have a lower credit score because of it. Fortunately, title loans Austin provide a quick, convenient way to get the money you need. If you have a car with a lien-free title in your name, you can leverage its value to obtain your loan, and the application process doesn't require you to authorize a credit check.
At Weinstein Car Title Loans, we set out to develop an application process that's even easier to help our customers. For that reason, we created a streamlined online application for title loans Austin that you'll find right here on this site. You can complete the entire application in just seconds. Start by heading over to the application form to enter the following information about the car that you'll use as collateral on your title loan:
Once you've done that, we just need to get the following contact information:
Click the Submit button and we'll process the information, and then use your vehicle details to preapprove you for a title loan. We'll also use it to determine your free title loan estimate. One of our Weinstein Car Title Loans representatives will get in touch with you as soon as possible to provide more information and answer any questions you have.
Wondering what you'll need to bring to get your loan? You won't need all kinds of financial documentation like you would to apply for a personal loan at a bank or credit union. We'll need to take a look at your government-issued ID to check your date of birth and verify that you're at least 18 years old. You'll need to bring your car with you so we can perform a brief vehicle inspection. Other than that, we just need your car title, which we hang on to during the term of your title loan. Once your loan is paid in full, you'll get your title back.
If time is of the essence and you're searching for title loans Austin so you can get some quick cash, the last thing you want is listings for title loan companies that are in other cities. A major benefit of title loans is their convenience, but the process won't be as convenient if you need to drive 30 minutes or more to get your loan. That won't be a problem when you apply for a loan at Weinstein Car Title Loans, because we have our office right here in Austin. The drive doesn't take long whether you choose the freeway or surface streets, and there are plenty of places to park near us.
A Weinstein Car Title Loans representative can get you started with the paperwork for your title loan when you arrive, and this is the perfect time to mention if you filled out our online application and got preapproved for a loan. We'll look up your car in a vehicle value guide and then perform that vehicle inspection to check its current market value, which helps us figure out exactly how much we can loan you. All that's left after that is getting your car title, and then we can issue the loan. The entire process typically takes less than an hour, and you'll have cash in your pocket when you leave.
We always recommend knowing exactly how a title loan works before you apply for one. A title loan is a secured loan, with the difference between secured and unsecured loans being that secured loans have collateral attached to them. One unique aspect of title loans compared to other secured loans is that the lender doesn't have your car during the term of the loan, even though it's the collateral. Instead, they only have your car title.
Federal law stipulates that all title loan borrowers must be at least 18 years of age, but other than that, the federal government leaves title loan regulations up to each individual state. This means that title loans can vary significantly depending on where you borrow one. Title loans Austin fall under the regulations set by the state of Texas.
The state doesn't set too many restrictions on title loans. There's no minimum or maximum loan amount, and while there's a cap of 10 percent on title loan interest rates, there is no cap on fees. Texas limits title loan terms to a maximum of 180 days. However, most lenders set terms of 30 days on title loans, both in Texas and in most other states across the nation.
If you don't have enough money to pay your title loan off on the payment due date, you can roll over the loan, which is another term for extending it. You do this by paying at least your loan interest. Any unpaid loan principal gets taken into a new term with a new interest charge. You obviously pay a little more because of the new interest charge, but this is an easy way to buy yourself more time if you're short on cash when your term is up.
A default occurs if you don't make any payment on your title loan. If you default on your title loan, it gives the lender the legal right to repossess your car and then sell it. Communication is key to avoid repossession of your vehicle. The reality is that your lender doesn't want to end up repossessing your car, as it's inconvenient and leads to a negative customer experience. If you talk to your lender about your payment issues, they may be able to find a solution to help you.