People have several places they can go to obtain emergency funds, but they may find that a car title loan Dallas is the best solution to this problem. If they are working, they have the option of a payday loan, but these come with high-interest rates. They can ask family or friends for a loan, but this jeopardizes friendships and places a strain on relationships. They can go to a traditional lender, but they will need an excellent credit score.
A car title loan Dallas is a better choice because they are not risking going into debt from obtaining too many payday loans. They are not annoying their family and friends. They will not have to apply at one financial institution after another because their credit scores are too low. A car title loan Dallas is something they can easily qualify for if they own a car, truck or a van.
The Advantages of a Car Title Loan Dallas
Obtaining a car title loan Dallas is much easier because car owners are approved for a loan based on the amount of equity in their vehicles and not their credit scores. If they have sufficient equity, they can borrow an amount of money, and they will be able to keep their vehicles.
Why Apply with VIP Finance?
Car owners can obtain their car title loans from several lenders, but the best place to apply is VIP Finance. People know that they can trust VIP Finance because it has been in business for more than 20 years. People can be assured that this company is not one that just opened yesterday and will be gone tomorrow. This company has a long track record of pleasing those who seek loans from them.
Another important point is that VIP Finance is a Texas company. This means that it is governed by Texas laws, and this is not the case for most of the car title lenders in the area. These other companies are based in states other than Texas, and the laws will not necessarily benefit Texas residents more than they will the lenders.
Very often, people are having financial difficulties, and this is the reason that they are applying for a car title loan Dallas. They may find that they continue to have troubles after they receive a loan and that they will need to make late payments. If this is the case, VIP Finance will not automatically begin aggressive collections proceedings against people in this situation.
Other lenders are in the habit of calling their loans “short-term.” This means that the loan will have a term of about one month. If the borrower needs more time to repay the loan, it needs to be renewed, and renewal can result in extra fees and even penalties. A car title loan Dallas from VIP Finance may have a term as long as one year. This eliminates the need to constantly renew the loan and saves everyone time.