What Is A Car Title Loan? How Does It Work?

If you are living in the Dallas area and you are struggling financially, you may want to consider taking out a car title loan. A car title loan is a secured loan where your car or other vehicle is used as collateral, providing you with cash when you need it the most.

You give the title to your car to the company giving you the loan. You may have to surrender your vehicle until the loan is repaid, but some companies allow you to keep your car. If you default on your payments, your car may be confiscated and sold in order to recover the loan amount. If you think that taking out a car title loan is right for you, you should contact the VIP Title Loans.

How We Can Help You

VIP Title Loans can provide advance cash to you after assessing the value of your car. You can come into one of our offices at any time with the documentation for your vehicle and we can help you on the spot, with many loans being approved that same day. If your car is in good condition, you will get more money.

In addition, we do not carry out credit checks, so you do not have to worry about being denied a loan due to poor credit history. You can even keep your vehicle over the duration of the car title loan.

We then put a lien on your car, and you can begin making repayments. We offer some of the lowest monthly repayments in the state, starting at a minimum of $100.

In addition, we can offer you very low-interest rates on our car title loans. You could only pay just 6% interest a month for up to one year.

We can also pay off your current car title loan.

What Makes Us the Best

Unlike other car title loan companies, we are professional and treat our customers with respect. We know how hard it can be to keep afloat in a difficult economy. In addition, we have six locations across Dallas and Fort Worth.

VIP Title Loans has been locally owned since we began as a company in 1989. We are a friendly and professional company that is a Registered Lender recognized by the state of Texas, meaning that all local and state laws will apply to the services which we provide to you. You will not have to worry about dealing with a chain of companies based outside of Texas.

Don’t Hesitate – Call Us Today

If you are worried about making ends meet and you need a cash advance, don’t hesitate to call VIP Title Loans.

We can make the process of taking out a car title loan as easy as possible during what is usually a very stressful time in a person’s life.