If you own a car getting a title loan in Arlington is easy. The lender uses your vehicle as collateral, so having bad credit wont necessarily affect your chances of getting a title loan.
If you miss payments, the lender has the option to seize your car. This is whats known as repossession. You dont just risk your vehicle with a title loan; you also pay extremely high fees and interest rates. And Texas is one of the few states that have not taken steps to regulate these loans according to the Texas Fair Lending Alliance. (1) There are better loans available, so youd do best to avoid title loans.
There are other options that wont bury you deeper in debt and cause you merchant cash advance dallas tx lose your ride.
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In AK, AZ, FL, IN, KY, MI, MN, NE, OK, OR, and WY all installment loans are originated by FinWise Bank, a Utah chartered bank, located in Sandy, Utah, member FDIC. CA residents: Opportunity Financial, LLC is licensed by the Commissioner of Business Oversight (California Financing Law License No. 603 K647).