Your Basic Guide For Getting Bad Credit Installment Loans
Head to a bank with bad credit, and you will be turned away. Banks are very risk-averse, and they tend to only lend cash to those with glowing credit scores. Don't worry, though. You may still have options. One of these would be bad credit installment loans. So, what are they? How do they work? That's what we want to discuss here.
What Are Bad Credit Installment Loans?
We all know how traditional bank loans work, right? You head to the bank, borrow a certain amount of cash, and then pay it back in equal installments. A bad credit installment loan works in much the same way. The main difference is that you can still be considered for an installment loan with Missouri Title Loans, Inc., even if you do not have a pristine credit history. A traditional bank may turn you away for a couple of late payments. A bad credit installment loan may not.
With Missouri Title Loans, Inc., you can borrow up to $1,500. The amount available will be dependent on your financial situation.
Will Your Credit Score Be Checked With An Installment Loan?
Yes. You will have to undergo a credit check when going through the inquiry process for bad credit installment loans.
You are welcome to inquire about an installment loan, even if you have a credit score that a traditional bank would turn their nose up at. We always try to consider your entire financial situation. The credit check is just a part of the decision-making process.
What Documents Do You Need For a Bad Credit Installment Loan?
In order to get through the inquiry process for bad credit installment loans, you will need the following:
- Your driver's license or another valid state-issued ID
- A checking account bank statement in your name
- Your most recent paystub
This, along with a quick credit check, will provide us with the information that we need to determine whether you are eligible to borrow cash. Most of these documents are ones that you should have within easy reach anyway.
How Do You Get a Bad Credit Installment Loan?
This is another area where a bad credit installment loan will differ from a traditional bank loan. When it comes to the inquiry process, you won't be jumping through hoops. In fact, our aim is to get people from filling in the inquiry form to signing their loan agreement in under an hour. We aim to get borrowed cash into the borrower's account within a few hours. By the end of the next working day, at a push. Let's walk you through how the process works.
You Let Us Know You Are Interested In Borrowing
On this site, you will find an inquiry form for those interested in installment loans. Start by filling this in. We need a few pieces of basic information from you. This is not an application. It is just you letting us know that you are considering borrowing.
You Speak To Us On The Phone
The information that you put on this form will be sent to your local Missouri Title Loans, Inc. location. One of the team will inspect your documents. Within a few minutes, we will give you a call. We will let you know what an installment loan entails. You are also free to ask us any questions that you may have. At the end of the call, we will let you know where your Missouri Title Loans, Inc. borrowing location is. That is your next (and final) destination. Make sure that you bring along the required documents.
You Visit Us
When you arrive at your borrowing location, we will check your documents. If we can lend you cash, we will let you know right away.
If you can borrow money, you will be asked to sign the loan agreement. We will then start the process of sending you your cash.
Looking For An Installment Loan? Missouri Title Loans, Inc. Could Be An Option
Many people consider Missouri Title Loans, Inc. for bad credit installment loans due to the speed at which they can borrow cash. Being able to get your hands on cash in just a few hours can help ensure that you can quickly cover emergency expenses. This means medical bills, vet bills, repair costs, and a whole lot more.
We have borrowing locations throughout Missouri too. This means that, while you will need to visit us to borrow cash, your closest Missouri Title Loans, Inc. location shouldn't be too far away. We have made sure that we are accessible for those driving or hopping on public transport.
Because we are experienced with bad credit lending, we will be there every single step of the way, willing to answer any questions that you may have. Our goal is to ensure that the borrowing process is as smooth as possible for you. We know that you may be dealing with a tough financial situation already. We don't want to make it any tougher.
Borrow Cash Today
Bad credit installment loans can be obtained in as little as 30 minutes. While you will have to undergo a credit check for an installment loan with Missouri Title Loans, Inc., we can consider those with bad credit. If you need to borrow cash for an emergency, get in touch with us today. Get started by filling in the inquiry form on our site.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.