If you are in a bind and need some quick cash, a cash advance or a payday loan is not the smartest decision you can make. The fees are high and it is extremely hard to dig yourself out of that hole, even though they are meant to be short term financial tools. Instead of taking out one of those expensive payday loans, maybe you should think about taking out an auto title loan to get the cash you need fast.

Here is how they work.

What is an auto title loan?

A title loan is where you bring in the title to the car that you own free and clear and we will give you cash based on using the car as collateral. You get the loan that you need, and we get the security that you will pay it back because you are using your car to secure the loan. It is a win-win situation for everyone, and it can really help you out if you are in a tough situation.

Why would you need this loan?

The typical person who needs a title loan is someone who may have had past credit problems and can’t get a traditional loan at a bank.

That is the greatest benefit of this type of loan, as we do not discriminate based on previous credit problems, such as bankruptcy, collections or even repos. We literally take all credit as long as you have the title to your vehicle.

Typically, people seem to use our service when an emergency bill pops up.

It is not recommended to take out a loan if you are just using the money for a vacation or another leisure activity. This type of loan is meant for people who need money for a utility bill, groceries or to avoid huge bank fees. You should borrow responsibly and only take what you know you can pay back to avoid possibly losing your vehicle that you put up for collateral.

Why choose VIP Finance of Texas?

There are plenty of companies that offer auto title loans, so why would you want to choose a company such as ours. Well, to put it bluntly, we are the cheapest of all services by far. Most companies will say they are the best priced, but we are the only company that can prove it on paper. While many companies will charge an interest rate from 150 percent to 300 percent, we only will charge you six percent! That is a huge saving, which will make paying the loan back to us even easier. We are not here to take advantage of you.

We are a partner with you, and when you need money, we want you to know that you can come to us in your time of need.

What happens if I total the car?

We will offer you the opportunity to enroll in a lender approved auto club, which will help protect you if your car breaks down or if you are in an accident. If the car is totaled and you are enrolled in the program, the auto club will take care of the balance of the loan and you will not have to pay any more money.

How are payments applied?

Unlike our competitors, we apply your payments to the loan balance and interest in an equal, fair manner. Most of our competitors will make you pay the interest up front, and then pay the balance down after all of the interest if paid.

Compared to others, in just two years, you can save over $10,000 on a $4,000 loan by going with us over our competitors.