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 Fort Worth
Yes, title loans in Texas carry higher costs than bank loans, personal loans, or credit union products. Fees are not capped by state law, and the combined cost can result in a very high effective APR. Texas law requires a cost comparison disclosure before signing. Compare the total cost against all available options before committing, and treat title loans as emergency financing.
Yes, you can lose your car if you default on a title loan in Fort Worth. Texas law allows the lender to repossess after a missed payment with no court order and no required advance notice. After repossession, you must receive at least 10 days notice before the vehicle is sold. The sale proceeds go toward what you owe, but if they fall short of your balance plus repossession costs, the lender may seek the remaining deficiency. Reaching out to your lender before you miss a payment is the most effective way to explore options before default.
