Some people are in a catch-22 situation. They need money. However, because they have several debts, their credit scores are on the lower side.
In order to qualify for a personal loan with traditional lenders, consumers need to have relatively good credit scores. Because car owners have the title to their vehicles, they will be able to apply for the alternative car title loan from VIP Finance.
Who Would Benefit from a Car Title Loan?
Consumers can consider the option of applying for a car title loan when they do not have sufficient equity in their homes to qualify for a second mortgage.
As was mentioned above, they may have low credit scores. However, VIP Finance will not ask to perform a credit check.
Car owners can be approved for a car title loan and their credit scores never need to be known.
The best part of the application process is the realization that car owners do not have to surrender their vehicles to the lender. They will retain their transportation to their jobs, and this will help ensure that they are earning enough money to make their payments after they receive the loan.
Qualifying for a Car Title Loan
Qualifying for a car title loan is easy. If car owners are in possession of the pink slip or auto title, VIP Finance will determine the automobile’s value. If the car, truck or van meet’s the company’s requirements, the car’s owner may receive a fast loan. The owner will need to take the car to the facility so that it can be inspected. When applicants do this, they will also need to bring some documents, including the vehicle’s Texas title, proof of the owner’s income and proof that the owner lives in Texas.
Why Use VIP Finance?
Consumers have several choices of where they can go for a car title loan, but they will find that VIP Finance is the best option. Why? For one, this company has been in business since 1989, and the reason is that many people are very happy with the service. Most importantly, VIP Finance is a Texas company that must follow the rules that Texas has written for car title loan establishments. Many of the competition are operating in other states that have laws governing them that are not necessarily in a Texas resident’s favor.
VIP Finance has a very flexible repayment schedule, and it is another good reason that new clients would benefit from this company’s services more than from any other lender. This locally owned and operated company seeks to find a solution for those who are having difficulties making their payments.