About Auto Title Loans

Auto title loans Abilene are similar to traditional car loans in some ways, but they are different in several ways as well. Both of these financing types are secured by your vehicle. This means that the collateral used for the loans is your car. Because vehicle equity is required to qualify for an auto title loan, you generally must not currently have an auto loan or the auto loan must be almost paid off.

A traditional car loan has a much longer loan term than a car title loan. For example, when you bought your car originally with a traditional loan, you may have selected a term between three to six years or more in some cases. With an auto title loan, you will make a single payment within a few short weeks to repay the entire loan balance. For Abilene residents who are concerned about being strapped with long-term debt, a title loan is an excellent financial solution to consider. You may also find that the loan amount for a title loan is lower than what your original purchase loan amount for the car was.

Remember that there are a few requirements that successful title loan applicants need to meet. For example, you must be at least 18 years old to apply. In addition, the vehicle that you are using as collateral for a car title loan must be owned in your personal name and must have a substantial amount of equity available. Our loan amount will be calculated as a percentage of the equity available rather than as the total amount of equity available.

How does it work?

You may currently be overwhelmed by financial stress because of your situation, and you understandably do not want to make any wrong moves with your finances that could add to your financial strain. By learning more about how title loans Abilene work, you can make a wise decision about how to proceed. The first step to take is to ensure that you have equity in a car that is titled in your name. The second step is to apply online through our website. Remember that we have very minimal credit score requirements, so even applicants with bad credit scores may be approved for a loan. Our primary requirement for loan approval relates to your vehicle's equity.

After you submit the application for a new title loan, you will quickly be notified about your loan terms by one of our representatives. By approving of the terms, you will be taking the final step to complete the loan process and to get the money that you urgently need. In many cases, you can count on our skilled lending team at Ellynwood Title Solutions to deposit your loan proceeds into your checking account within a very short period of time. This means that the money will be available for you to use before you know it.

It is easy to feel stressed by the urgent need for cash and no apparent way to obtain the money you need. However, now that you know more about title loans Abilene, you can see that there is a simple and legitimate solution available to you. You do not have to stress about your mounting expenses or other financial situation that is weighing on your mind today. We understand that time is of the essence and that you do not want to jump through hoops to get the extra cash that you need to pay bills or to deal with other financial needs. If you are ready to learn more about the possible loan terms for a new auto title loan that you may be approved for, apply online with Ellynwood Title Solutions today.

Apply for a Title Loan

Any financial solution that you decide to use understandably needs to have a fast overall loan process. After all, you may have expenses that urgently need to be paid, and you do not have time to waste.

At Ellynwood Title Solutions, we have a simplified online loan application available for you to complete right now. This is a streamlined application that only asks you for the most relevant personal information and details about your vehicle. Many people are able to complete the entire loan application within a few minutes.

Because we understand the urgency of your financial challenge, you can rest assured that we are committed to reviewing your application quickly. Each loan request is individually reviewed, and loan terms are based on the specific information that you provide in the application. You will be able to approve of the loan terms before the loan request is finalized and funded.