How Interest Rates are Determined on a Houston Top Title Loan
According to a Pew’s Charitable Trusts survey of title loan receivers, borrowers care little about the interest rate. They know title loans are short-term loans, and most need money quickly to meet financial requirements. Therefore, the interest rate is not as crucial as a 30-year mortgage. They are more concerned with how soon they can get the money, how much they can get, and the certainty of approval. Title loan recipients also say customer service is a contributing factor in choosing a Houston top title loan.
Being treated with dignity and respect is also an essential element. Many had used Advantage before and were satisfied with how they were treated. Advantage Finance depends on repeat or renewal customers as a significant part of their business. However, the state of Texas Consumer Credit Commissioner regulates our interest rates.
Unlike other title loan companies in Texas, Advantage allows installment repayment plans. Most payday and title loan providers demand repayment within 30 days, putting the debtor into an inconvenient cycle of borrowing and repaying without the benefit of a few paychecks to get back on their feet. We offer convenient and realistic repayment plans to meet our client’s need so that they become repeat customers and refer their friends.
Although Texas credit law requires a maximum 10% interest rate, title loan providers add fees to the loan, which can bring the cost of the loan to what would be a 500% annual percentage rate (APR). Advantage Finance, LLC advises all applicants to examine the conditions of any loan package to ensure it is affordable and the repayment plan meets your budget.
Advantage Finance a Houston Top Title Loan Provider
Advantage Finance, LLC is a Texas state licensed provider of title loans. Advantage operates under Business License #16325-59247 with permission granted by the Secretary of State and the Office of Consumer Credit Commissioner (OCCC) on December 27, 2011.
We serve Houston residents in four locations: In Sugarland at 3 Sugar Creek Ctr #100; on East Freeway 15201 #114 in Channelview; at 616 FM 1960 West #680 in North Houston; and 817 Southmore Ave in Pasadena.
Once customer service completes your loan process, you can pick up your cash at any of these four convenient locations. There is no need to wait for a bank transfer.
How Quick Can I Get a Houston Top Title Loan?
In most cases, applicants can get the money from one of our Houston top title loans within a few hours from the time you apply.
Applying online or in person and receiving a Houston top title loan with us is quick and convenient. Plus, you can still use your vehicle, as we hold the title until the loan gets repaid. The staff is friendly, and the application is easy, whether you are a first-time borrower or a repeat customer, we are here to serve you promptly and efficiently.
We Are Advantage Finance, LLC: Houston’s Top Title Loan Provider
Call Advantage Finance, (281) 410-5337. Using our online contact form is quick and convenient 24/7 to begin your application. If you apply for one of our Houston top title loans during non-duty hours, one of our customer service representatives will call after starting the process. If you have your title and other information available, we can usually give you an estimated amount right over the phone. Then, when you drive into one of our four convenient locations, an appraiser will finalize that figure, complete the paperwork and can get you your money in 15 to 45 minutes.