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Accessed February 17, 2016 https:www. texasfairlending. orgresourcesfaqs Walsh, Ben. Texas Is Throwing People in Jail for Failing to Pay Back Predatory Loans.
Huffington Post. December 29, 2014.
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 islamic personal loan dubai 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 personal loans nearby other options that wont bury you deeper in debt and cause you to lose your ride.
Payday Advance Loans in Arlington A solution that likely only leads to more debt. There are plenty of fast cash options available in Arlington. One option is a payday loan.