Are you in need of some emergency funding in Murphy, Texas? We all go through tough points in our personal finances. They can be aggravating times, but you are far from alone.
If you are looking for some lending options that will work with your situation in Texas, you may be concerned about the high interest rates that can sometimes accompany unsecured loans. If a borrower has low credit, they could get very unreasonably high interest rates on an unsecured loan to make up for the risk factor the lender would have to take.
This issue is solved with secured loans. Secured loans are obtained using some form of collateral—minimizing the risk factor—and make it easier for lenders to approve more borrowers. So, you may now be wondering how to get a secured loan in Murphy, Texas.
This informational article will give you an overview on car title loans, a type of secured loan, and how you can go about getting one in Murphy, Texas through title loans serviced by LoanMart. Continue reading to learn more.
How Does a Car Title Loan Work in Texas?
In case you are not that familiar with title loans or how they work, car title loans are a special type of secured installment loan which uses the equity in the borrower’s car as collateral for the loan. Since they are secured, more individuals could be approved regardless of their credit.
The title loan inquiry process is hassle-free, worthwhile, and quick1. The three-step inquiry process can be started by filling out the online form or by calling.
Easy Process of Inquiry
Visit the website and fill out the simple online inquiry form. This form only asks a few basic questions and will only take a few minutes out of your day1. The application asks you to provide some information on yourself, your current finances, and the car you wish to use for the title loan. You can fill it out from any computer, tablet, or smartphone.
After submitting your information, a title loan agent will reach out to you and request that you send in some basic documentation. The documents will be used to verify the information you provided in order to determine title loan approval, the loan amount, and term length. You can easily take pictures of the documents and email the files to the title loan agent, so you never have to leave the comfort of your own home. See the list of generally required documents in the next section.
Finally, you will be notified by title loans serviced by LoanMart on your approval status, possible loan amount, terms, and the next steps in the process. Once you have been officially approved for a secured title loan, you can receive your money as quickly as the very next business day1! Yes, that fast!
Required Documents for Title Loans Serviced by LoanMart in Murphy, Texas
Here are the typical documents that are required by title loans serviced by LoanMart during the inquiry process:
- Government Issued Photo ID: Driver’s license, passport, or state-issued ID
- Proof of Residence: Household utility bill, bank statement, mortgage statement, lease agreement, or a certificate of voter registration
- Proof of Income: Recent paystubs, pension, Social Security account statements, retirement account statements, or tax records
- References: Personal or professional
- Qualifying Car Title: The car needs to be in your name and owned by you. If you are still paying off the car, you may still be able to qualify for a title loan serviced by LoanMart1
- Photos of the Car: You will need to send pictures of the car to verify the current condition
Start Your Inquiry with Title Loans Serviced by LoanMart in Texas Today!
Do you think a secured title loan in Murphy, Texas could be the right solution for you during this current financial crisis? If so, consider no other funding option than title loans serviced by LoanMart.
If approved, receive the most comprehensive benefits, competitive interest rates, and amazing customer service! You can conveniently pick up your title loan funding from any MoneyGram location in Texas in as little as one business day after approval1.
Don’t hesitate, get started today and fill out the online inquiry form right away!