FAQ & requirements

FAQ About Traditional Installment Loans In Texas

Question: How do Traditional Installment Loans compare to Pay-Day Loans and Title Loans?

Payday and Title Loans are short-term loans that require the borrower to pay a fee based on the amount of money borrowed. Payday and Title Loans normally do not report credit to the three major credit bureaus. Traditional Installment Loans are Interest based and are normally repaid over a longer period. Payments are equal in amount and consists of both principal and interest, thus if paid early there is a discount on the interest amount. Guarantee Loan Service reports every customers account activity to all three major credit bureaus. Guarantee Loan Service is NOT a Pay-Day lender and is regulated and examined by the Office of Consumer Credit Commissioner with the State of Texas.

Question: How is the amount of money I can borrow determined?

Guarantee Loan gathers information from an applicant and then verifies the information that is given; residence, income, and expenses. We do our best to determine the borrower’s ability to repay the loan. We look at each borrower independently and do no utilize credit scores or modes when making a decision. Guarantee Loan does help first time borrowers establish credit and in some cases we are able to help some re-establish credit. We take all the factors into consideration upon determining what amount of money an individual is qualified to borrow.

Question: If I pay the loan off can I borrow money again?

Absolutely, we have built relationships with our customers over the years and have many repeat customers. We value the relationship we have established and that sometimes leads to referral business from our existing customers.

Question: Do you have bi-lingual individuals to help Spanish speaking Individuals?

Yes, each location has staff members that speak Spanish and are eager to assist in the loan process. Click Here to contact the location nearest to you.


Traditional Installment Loan Requirements

  • Must be 18 years old
  • Valid Texas Driver’s License or ID
  • Valid Social Security Number
  • Verifiable source of income
  • Verifiable residence and income source
  • Not a member or dependent of a military household
  • Ability to repay the loan

Get in Touch

Please fill out the form for questions about our services