How It Works

When you apply for a title loan, you’re getting what’s called a secured loan, and secured means that there is collateral attached to the loan. An unsecured loan doesn’t have any collateral attached to it, which usually means a higher interest rate. Even though you use your car as the collateral, the lender only has your car title while you repay the loan. The title must be lien-free and in your name.

The federal government requires that all title loan borrowers are age 18 or older, which is why lenders will need to check your ID to issue a title loan. Besides that federal law, most other title loan regulations are set by the states, and that means the title loan process can be much different from one state to another. For title loans Robstown, the regulations set by Texas will come into play.

Texas doesn’t put any limit on the amount of your title loan, which means it depends entirely on your car’s current market value and how much the lender is willing to loan you. Although the state puts a 10-percent cap on interest rates, there aren’t any limits on title loan fees.

You’ll find that most title loan companies in Texas go with 30-day title loan terms, which is the standard length both in this state and most others. But let’s say you can’t pay the full amount on your payment due date. There is an alternative available, which is called rolling over the loan, another name for extending it. You must pay at least the interest on the loan to do this. The unpaid loan principal will carry over into a new term of the same length with another interest charge. You end up paying a bit extra this way, but it’s a useful option when you’re short on cash. Keep in mind that Texas limits title loan contracts to 180 days.

You should definitely extend your loan if you can’t pay it back in full, because failing to pay at all means you’ve defaulted on the loan. This gives the lender the legal authority to come repossess your car. After that, they can sell your car. The best thing you can do to avoid repossession is let your lender know any time that you’re having payment issues. They can often work with you to come up with a solution, such as rolling over the title loan.

How To Apply

Are you tired of searching for title loans Robstown only to get listings from title loan companies that aren’t even in Robstown? We understand, because when time is of the essence, you may not be able to spend half an hour or more driving to pick up your loan. With Mcaveney Title Loans, you’ll only need to head over to our office here in Robstown, which is easy to access whether you cruise over on surface streets or take the freeway. There are also plenty of easy parking options near us.

Once you get here, a Mcaveney Title Loans representative can get started with you. First, they’ll provide you with the necessary loan paperwork. Just make sure you tell the representative if you already received a loan preapproval through our online application. After all the paperwork is complete, we’ll perform a quick vehicle inspection and look up your car in a vehicle value guide. This allows us to verify its value and confirm how much we’re able to lend you. Finally, we just need to get your car title and we’ll issue your loan. How long is it going to take? We typically have customers in and out within one hour, and you leave here with cash in your wallet.

About Us

Are you tired of searching for title loans Robstown only to get listings from title loan companies that aren’t even in Robstown? We understand, because when time is of the essence, you may not be able to spend half an hour or more driving to pick up your loan. With Mcaveney Title Loans, you’ll only need to head over to our office here in Robstown, which is easy to access whether you cruise over on surface streets or take the freeway. There are also plenty of easy parking options near us.

Once you get here, a Mcaveney Title Loans representative can get started with you. First, they’ll provide you with the necessary loan paperwork. Just make sure you tell the representative if you already received a loan preapproval through our online application. After all the paperwork is complete, we’ll perform a quick vehicle inspection and look up your car in a vehicle value guide. This allows us to verify its value and confirm how much we’re able to lend you. Finally, we just need to get your car title and we’ll issue your loan. How long is it going to take? We typically have customers in and out within one hour, and you leave here with cash in your wallet.

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