Thank you for choosing Crown Title Loans. Crown Title Loans helps consumers obtain a loan from an unaffiliated third-party lender. CSOs and CABs are not themselves lenders and do not make loans directly to consumers. It is always important to consider if a short-term loan is the right solution for your situation.
The amount financed ranges from $100 to $10,000, with an annual interest rate not to exceed 9.95% per loan. A filing fee of $33 payable to the Texas Department of Motor Vehicles is included in the amount financed.
Title loans use your vehicle as collateral. If a default in payment were to occur, under the letter of credit, a repossession may occur and Crown Title Loans may recover from the consumer all charges, towing fees, late fees, expenses, and all interest and principal. Repossessions are uncommon but can occur in certain instances. However, Crown Title Loans will work with consumers who fall behind on their payments.
The CSO fee is a percentage of the amount financed charged over the term of the loan. The CSO fee is determined by the consumer's creditworthiness and whether the consumer has done business with Crown Title Loans previously.
The CSO Fee for secured 5-month credit products is fully earned by CSO on the date of the Loan that the CSO helps Consumer get from Lender. The CSO Fee is due and payable to CSO in installments as described in the CSO Contract payment schedule.
| AMOUNT RECIEVED | MAX LOAN TERM | MAX RATE (CAB FEE) | MAX LENDER INTEREST | INTEREST TIER | MAX ANNUAL % RATE |
|---|---|---|---|---|---|
| $533* | 180 days | $106.07 | $4.82 | 19.95% | 249.36% |
| $1033* | 180 days | $205.57 | $9.34 | 19.95% | 249.36% |
| $1533* | 180 days | $305.07 | $13.86 | 19.95% | 249.35% |
A late charge of $7.50 or 5% of the unpaid scheduled payment, whichever amount is greater, will be charged on payments not paid in full within 10 days of the due date.
A $30 dollar fee will be charged for any check, money order, or payment that is returned for any reason.
CSO fee examples for secured 5-month loans are linked below.
An advance of money obtained through a payday loan or auto title loan is not intended to meet long-term financial needs. A payday loan or auto title loan should only be used to meet immediate short-term cash needs. Refinancing the loan rather than paying the debt in full when due will require the payment of additional charges.