How To Avoid Getting Declined For Title Loans In Houston, TX 

Applying for Houston title loans is easy, but what about getting approved? At Home Title Loans can give you some important tips for applying and getting approved for title loans in Houston, TX so you qualify the first time you apply.

We can save you a lot of time and hassle, just by following the simple guidelines below. Our vendors are ready and willing to make a cash offer on car titles, but there are a few things you can do (or not do) to avoid getting declined. Let’s look at what might cause you a title loan denial.

Why Would You Get Declined?

Unfortunately, not everyone who applies gets approved. Generally, it’s because of an issue with their vehicle or title. Below are the most common reasons you could be declined for title loans in Houston, TX.

Not Enough Equity In The Vehicle

When you have paid off a vehicle, it holds a certain amount of value or equity. This value diminishes over time, so a newer car is worth more than an older one. The value of the vehicle is used to determine how much money you can apply for.

You can get a free estimate based on make, model, year, and condition to see if your car holds enough value to back a title loan, and, if so, how much you may qualify for.

Another reason you may not have enough equity is that you still owe on it, also known as having a lien against the vehicle. Our lenders cannot offer title loans unless you own your vehicle and are in possession of the title.

An Issue With The Title

Assuming that you do have the title to the vehicle, there are a few things that must be true in order to use it for a title loan.

The first is that you are the sole owner. If you had a co-signer when you bought the car, it will need to be transferred into your name only.

Another title issue is when the name on the title is different from the name on your identification. This happens in the case of maiden names sometimes.

And, obviously, if you don’t hold the title, such as in the case of a lost title or if has not yet been transferred to you, you cannot get a title loan.

There are a few other things that you will need to avoid getting declined for title loans in Houston, TX. You will be declined if:

• You don’t own a car.
• You are under 18.
• You can’t prove your identity

How To Improve Your Approval Odds For A Title Loan 

Now that you know what NOT to do, here are a few tips that WILL help you get approved for a title loan.

Have All The Necessary Documents Ready Before You Apply.

You will need:

• Your Vehicle
• A lien-free title
• Identification
• Proof of income

Contact Us Via The Web.

You can get in touch with us through our online chat or with the convenient inquiry form located on our website. We can answer your questions or put you in contact with the closest Houston title loans vendor so you can get started on your loan request as soon as today.

These options allow you to get clarification about the finer points of title loans in Houston, TX, and you can probably get some specifics about the loan terms that will be offered to you, even before you have officially applied. 

Choose The Right Vehicle.

If you need the maximum amount for your loan (our vendors offer up to $15,000 for title loans), choose the most valuable vehicle you own. Of course, this only works if you hold the title to more than one vehicle, but it can make a huge difference in the amount you are able to apply for.

It’s Easy To Apply - Connect With Us Today! 

Getting title loans in Houston, TX is easy… as long as you meet the simple requirements detailed above.

The first step in the process is submitting your information online. At Home Title Loans then directs your information to the nearest office for Houston title loans.

After receiving your information, you’ll work closely with an agent who will ensure that you have everything you need and that everything gets submitted correctly. They will be able to tell you at any point during the application process if there is a reason why your title loan could get declined.

Working with an experienced loan agent will improve your overall customer experience AND your odds of getting approved.

If you need a small loan for any reason, title loans are an alternative to personal loans from the bank or borrowing money from family. Enter your information into the form on our home page and wait for a phone call from an agent near you!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.