Know Before You Borrow in Texas
- Interest rate cap: No state cap on CAB fees (typical market rate: $20 per $100 per 30 days = ~243% APR); third-party lender interest capped at 10% per year
- Loan range: $500 to $10,000 (typical)
- Repayment term: Single payment (typically 30 days) or installment (typically 90-180 days)
- Regulated by: Texas Office of Consumer Credit Commissioner (OCCC)
For complete Texas title loan regulations and consumer protections, visit our full Texas guide.
Quick Answers About Title Loans in Northwest Dallas
What exactly is a car title loan and how does it work?
A title loan uses your car as collateral. The loan amount is based on your vehicle’s value and your ability to repay. Most borrowers can access up to 50% of what their car is currently worth. The lender files a lien with the TxDMV while you keep driving the vehicle. The maximum total term in Texas, including any renewals, is 180 days. When the loan is paid off, the lien is released.
Will my credit score disqualify me from a title loan in Dallas?
Bad credit is not the primary factor for title loan approval. These loans are specifically designed for borrowers with poor or no credit history. Approval is based on your vehicle’s value and ability to make payments. A low score does not automatically disqualify you.
