We are fully aware of the reputation that business who operate within our industry carry. You might hear people refer to payday loan companies as “modern day loan sharks,” or that we are guilty of usury to one degree or the other.

Here’s our take: we are completely prepared to recognize that some of these criticisms are justified. There are more than a few title and payday loan providers that do not do their due diligence when it comes to educating their clients. Yes, you are able to get fast cash or active equity through emergency cash loans, but what is missing is the personal touch and care of someone who wants to see you get back on your feet.

All of this to say, we at Your Loan Depot want to take the opportunity in today’s post to explain how we are different from other payday loan companies in Texas. Although there are many ways in which we do our best to be the best payday loan company around, there is one key way in which we look to show our value. Namely, we take the time to educate people who are interested in car title loans or payday loans. That’s why we include definitions of what payday loans and title loans actually are in almost every single post of ours!

So, in keeping with tradition, we will briefly explain the basics of title loans and payday loans before we continue to explain how we separate ourselves from the pack here at Your loan Depot!

What Are Payday Loans?

When you have unexpected medical expenses come up out of the blue, what can you do if you are short of cash? Payday loans are an option for those who are in need of funds between pay periods. Payday loans can help bridge the gap with a short-term loan. It is best if you have the financial stability to be able to pay off the short-term, emergency cash loan in a reasonable period of time so that your interest rates do not get out of hand. Payday loans are available up to $1,000.

You see what we just did there? We told you what other loan providers might not; we have your best interest in mind! That’s what makes us so successful at Your Loan Depot — we are affordable, convenient, and trustworthy!

What Are Car Title Loans?

While payday loans can get you emergency cash in sums up to $1,000, title loans can get you up to $5,000! We understand that not everyone has insurance, and difficult situations arise that are entirely beyond our control. It can happen to the best of us without it being anyone’s fault. And while we hope that this kind of situation never happens to you, the reality is that it might. If it does, we at Your Loan Depot offer essential funding if you are short of cash. You can borrow large sums of cash, all based on your collateral.

The collateral in question will need to be the title of a car, truck, SUV, or RV. The vehicle in question will need to be in good working condition before we can come to an agreement. After we’ve confirmed the vehicle’s quality, we’ll set up an easy-to-understand repayment plan that entails a 30-day or term payback. To get started, all you need to do is visit us and we’ll get to work for you! Whether you hail from Houston, Conroe, Humble, Bryan, Tomball, or somewhere else in Texas, car title loans can help cover for emergency expenses that you did not anticipate.

How We Are Different At Your Loan Depot

If you were to attempt to educate yourself on the history of payday loans, you’d come across quite a bit of literature mentioning the Depository Institutions Deregulation and Monetary Control Act of 1980. To make a long story short, this refers to when the Supreme Court ruled that payday lenders could charge interest rates based on the laws of states were physically located, rather than the laws of the states of where borrowers resided.

While there is plenty of controversy about this ruling, some might call it a win of sorts for general state’s rights. And while we certainly are trying to get political in today’s blog post, we are of the opinion that Americans ought to be able to choose how they want to spend their money no matter what state they live in. If they need fast cash, they should be able to get it!

Now, it’s also the case that some people can be taken advantage of from time to time. We at Your Loan Depot work hard to inform and educate our borrowers so that they understand the in’s and out’s of their agreement.

Texas Payday Lender Locations

So there you have it; we are not your average payday lender, in Texas, or really anywhere. With locations in Bryan, Rosenberg, Conroe, Tomball, Pearland, Airline, Humble, and Mansfield, the odds are in your favor that you won’t have to drive too far in order to come see us in person! We’d love to hear from you and see if we can’t help get you out of the pickle that life has thrown at you.

There are some things you can’t control. But you can control how you respond to such things. Your Loan Depot might be able to help you get the emergency cash you need while making sure you understand all the fine print of your agreement. Whether you are in need of a Texas car title loan or a payday loan to bridge the gap between paychecks, give us a call!