? Are Title Loans Legal in Texas?
Car title loans in Texas are secured loans that can help you borrow against the value of your vehicle, and yes, they’re legal in Texas. Texans are allowed to apply for this type of secured loan, but you’ll need to meet the lender’s requirements and use the title of your car as collateral in order to guarantee the loan. Since your car’s title will secure the loan, the application process for an online title loan can be flexible and efficient – even if you have bad credit!1
If you qualify for a ChoiceCash car title loan and sign your loan contract, you can receive your money in as little as one business day. The title lender will place a lien on your vehicle’s title after the loan is funded, but that doesn’t mean you’d lose access to your car. You can continue driving your vehicle throughout the duration of your loan as long as you’re on time with your title loan payments!
During your application, the value of your vehicle and your income are the most important factors that will be used to determine your eligibility. The loan amount you can potentially receive through an online title loan in Texas will also be largely influenced by both of these characteristics. If you don’t know your vehicle’s current value, you can use ChoiceCash’s online calculator tool to obtain a vehicle equity estimate and a no-obligation loan quote! Simply enter some basic information about yourself and your car into the tool to get an instant estimate!1
Take advantage of a flexible and convenient application process when you apply for ChoiceCash title loans serviced by LoanMart. If you’re eligible for funding, you can access emergency cash in as little as 24 hours and receive convenient loan terms!1 Call 855-422-7402 if you have questions about the application process for online car title loans in Texas.
Requirements for Car Title Loans in Texas
According to the applicable title loan laws in Texas, a prospective borrower must be 18 years of age or older to apply for a title loan. America’s Health Rankings recently reported that over 61% of Texans are over the age of 18 and are therefore able to apply for an auto title loan online, at a storefront location, or over the phone with a representative.
In addition to being at least 18 years of age, you must meet a few other title loan requirements in the Lone Star State to qualify for funding:1
- Have a Qualifying Vehicle Title in Your Name
- Demonstrate Proof of Your Ability to Pay Back Car Title Loans
- Possess a Car or Truck with Enough Positive Equity
Applying for online title loans in Texas can be simple and convenient! If you receive initial approval, a ChoiceCash title loan agent will contact you and ask you to upload a few documents to verify your information. Regardless of whether you’re applying from Houston, San Antonio, Dallas, or another area in Texas, you can expect to need the following documents during the title loan application process:
- The Title of Your Car: Your Texas-issued vehicle title must be in your name to qualify for an auto title loan online. If it’s not currently in your name and you are the car’s rightful owner, you will need to visit your local Department of Motor Vehicles (DMV) and request a car title transfer!
- Proof of Identification: A driver’s license, Texas REAL ID, U.S. passport, or another valid, government-issued photo ID must be presented during your application to verify your age and identity.
- Proof of Income: Recent bank statements, pay stubs, or other qualifying documents can be used to prove your ability to repay the loan. If you do not receive regular pay stubs from an employer, you can verify your income by submitting proof of an alternative source of income during your Texas title loan request. Acceptable documents can include retirement income statements, along with proof annuity payments and workers’ compensation.
- Proof of Address: During your application, you can submit a recent phone bill, credit card statement, or another eligible piece of mail to prove your current residence in Texas.
When applying for a ChoiceCash car title loan serviced by LoanMart, you can conveniently upload the required documents online without leaving your house. You also have the option to email or text your documents directly to a title loan officer!
The submission process is convenient, but you’re still required to undergo a vehicle inspection during the application process. A ChoiceCash title loan agent will use this inspection to verify the current condition and the value of the vehicle. Therefore, finding title loans with no inspection in Texas is impossible. But through ChoiceCash title loans, you can conveniently complete the required inspection online as long as you provide clear pictures of your vehicle during your loan request! Just upload photos of all sides of the car, the Vehicle Identification Number (VIN), and the odometer reading.
How Much Can You Get for an Auto Title Loan in Texas?
If you’re struggling with the rising rent prices in Texas, you may wonder if a title loan can provide you with enough money to get you back on your feet. Typically, you can access anywhere from a quarter to half of your car’s value if you qualify for auto title loans in Texas.1
As you may know, the value of your vehicle and your income will largely impact the loan amount you can be eligible for through a car title loan. So, if you want a significant amount of money, your car must have plenty of value. You will also need to provide proof that you have the necessary income to support the repayment of your loan.1
Apply online today and find out how much cash you can get through a ChoiceCash title loan serviced by LoanMart in Texas! Just fill out a brief prequalification form online to start your loan application and receive an instant title loan quote if you are eligible.
How Do I Apply for Online Title Loans in Texas with No Store Visit?
If you’re like most consumers, you want convenience and simplicity throughout your entire application. Did you know that you can skip the hassle of driving and apply for a car title loan online? No store visit is required to apply for ChoiceCash car title loans in Texas! All you need to do is follow these simple steps to see if you qualify for quick funding:1
- Fill Out a Short Pre-Approval Form Online or Over the Phone at 855-422-7402
- Upload Your Documents Online or Submit Them via Email or Text
- Get Your Money if You Qualify for Online Title Loans in Texas!
If you meet the requirements for an auto title loan in your state and are fully qualified, you can choose between a few different ways to get your money! Through a ChoiceCash title loan, you can get a check in the mail, receive your funds via direct deposit, add your money to a debit card, or pick up your cash at any participating money transfer location in Texas.
You can start your Texas title loan application from the comfort of your home today! If you are fully approved and you decide to receive your money via direct deposit or have your funds added to a debit card, you can get your funding in as little as 24 hours. Take advantage of a convenient application process and find out if you qualify for the funds you need to solve a financial emergency. Complete the online pre-approval form or dial 855-422-7402 to learn more about the application process for auto title loans in Texas.1
What are the Benefits of Getting Choicecash Car Title Loans in Texas?
Are you thinking about applying for a loan against your car? It’s important to explore your options and choose the most advantageous title loan company with optimal loan terms.
Fast funding is just one of the many benefits of applying for a car title loan online. When you choose to apply for a ChoiceCash car title loan in Texas, you can expect to receive exclusive perks that can add to your loan experience!1
- Multiple Repayment Options: Just as every one of us has different financial needs, our repayment preferences can be just as unique! You can conveniently choose to repay your ChoiceCash title loan over the phone, through the online customer portal, or by submitting a loan payment in person at a participating money transfer location in Texas.
- Competitive Interest Rates and More: Qualified borrowers who choose ChoiceCash auto title loans in Texas can get other perks, like competitive interest rates and convenient loan terms!
- Quality Customer Service: When applying for a ChoiceCash title loan serviced by LoanMart, you can expect top-notch customer service. Our title loan representatives are available six days a week for extended hours to answer any of your questions and walk you through the application process.
Ready to apply for the fast financial help you need? Submit a short questionnaire online or call 855-422-7402 to speak with a ChoiceCash title loan agent and start your application over the phone!1
For the sake of convenience for Texas customers, below is a map and list of just a few locations in the area, with many more statewide locations found here.
Demographic and Financial Statistics for Texas
The below table provides some of the key income, loan, and financial statistics for Texas, which are intended to give you a better understanding of how your financial circumstances compare to other Texas residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:
| Average credit score (VantageScore®) | 686 |
| Average FICO® score | 695 |
| Average student loan debt | $33,581 |
| Average credit card debt | $7,211 |
| Average monthly car loan payment | $728 |
| Share of households that rent | 37.6% |
| Average rent | $1,449 |
| Median gross rent | $1,251 |
| Median value of owner-occupied housing units | $260,400 |
| Median monthly owner costs - with a mortgage | $2,012 |
| Median monthly owner costs | $650 |
| Number of bank branches | 6104 |
| Median household income | $66,963 |
| Per capita income | $66,252 |
| Average ChoiceCash title loan amount | $5,568 |
What Locations in Texas Can I Get a ChoiceCash Title Loan in?
ChoiceCash is proud to service residents all over Texas including metro areas . Call 855-422-7402 to discuss your options with a loan expert. If you are looking to pay back your title loan in person, check out the city list below to see where your MoneyGram locations near Title Loans Texas:
