DALLAS, May 23, 2016 /PRNewswire/ -- Texas Title Loans, a financial services company based in Dallas, has announced today the launch of an online system that connects loan borrowers to lenders throughout the state of Texas. Over a year in development, the idea behind Texas Title Loans began with a desire to efficiently match title loan consumers with reputable local lenders and to thereby obviate the need for searching on their own.
The cloud-based technology can be used by anyone who has access to the Internet. After a prospective borrower submits their vehicle details via an online form, they are provided with a free estimate. The online tool searches an extensive database of regional lenders in Texas within the company's partner network and identify a local lender that meets their precise specifications for a title loan.
"It's a game changer," says Texas Title Lender's Public Relations Director, William Goldblum. "It is the philosophy of TexasTitleLender.com that an informed consumer is a better consumer. It's a win-win," he added.
A title loan is a type of collateral loan that uses the borrower's vehicle title to secure the loan. The loan amount is determined by the Kelley Blue Book current market value of the vehicle. Borrowers can therefore qualify for a loan up to $50K depending on the vehicle make and condition. Credit checks are never performed, as the loan is secured by the vehicle title.
After the borrower submits their application, they are immediately paired with a Texas Title Lender financial expert who will work one-on-one with them to guide them every step of the way. "Convenience, easy and stellar customer support qualify our title loan service," Goldblum said. "We want to make the entire process as streamlined and seamless as possible," he said.
Texas Title Loans prescreens all lenders within their network, and works only with organizations that meet specific criteria. Qualified lenders must adhere to all regulatory provisions, refrain from engaging in any predatory lending practices, and are not negatively rated by the Better Business Bureau. By taking this step, TexasTitleLender.com can be certain that they are working only with the most reputable lenders in the industry.
"What is unique about our system is that by working with our lenders you eliminate the risk of being taken advantage of. We protect the needs of the consumer in this way," said Goldblum.
For more information or to apply, please visit www.texas-titleloans.com
Texas Title Loans is a nationwide financial services company based in Dallas that assists credit-challenged consumers in finding collateral loans with reputable providers.
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SOURCE Texas Title Loans