If you're facing an unexpected expense and need to explore borrowing options, you may have already looked into car title loans.
The process can sound complicated at first. After all, you're using your vehicle title as collateral, your vehicle has to be inspected, and there are loan terms you'll need to review.
But if you fully own a qualifying vehicle and have the required items ready, learning how to get a title loan may be more straightforward than you think.
With Missouri Title Loans, Inc., qualified borrowers may receive up to $15,000* based on vehicle evaluation and approval. The current core requirements are a state-issued photo ID, a lien-free vehicle title in your name, and your vehicle for inspection.
Here's what makes the process relatively simple and what you should know before applying.
Why Car Title Loans Can Be Easy To Get
1. There Aren’t That Many Requirements To Satisfy
With car title loans there are only a few requirements you need to satisfy to be eligible:
- You must be a legal adult with a valid ID to prove it – no lender will be able to approve a minor for the loan, you must be at least 18 to be eligible
- Own a car – your car will be acting as collateral, as well as determine the amount of cash you qualify for
- Have that car’s title in your name and lien-free – you won’t be able to use the title if it has another person’s name on it (even if they agree to let you use the car).
2. You Can Start the Title Loan Process Online
Another reason the process can be convenient is that you don't have to begin at a store.
You can submit your basic information online first.
Missouri Title Loans, Inc.'s current process asks for details such as:
- Name
- Contact information
- ZIP code
- Vehicle make
- Vehicle model
- Vehicle year
A representative will then contact you to explain the next steps and tell you what to bring. That lets you get some of the preliminary work out of the way before your store visit. However, starting online isn't the same as completing the loan entirely online.
You'll still need to visit a Missouri Title Loans, Inc. title loan store for document verification, the vehicle inspection, and final approval.
3. Your Credit Score Won’t Influence Your Chances (Nor Will They Be Influenced By Car Title Loans)
Almost anyone can get approved for car title loans if they provide the lender with the title loan requirements – even if their credit is bad or outright nonexistent!
And the loan won’t be reported to any credit bureaus, meaning it won’t influence the score either – be it positively, or negatively.
4. Mobility Won’t Be A Problem – The Car Stays With You!
There’s a widespread misconception that unless you’re ready to give up your car, you shouldn’t apply for car title loans – since the lender takes it away until the loan is fully paid off.
In reality, it’s the car title that stays with the lender as a guarantee. The car stays with you – and you’re free to drive it around, same as before, while you’re paying off the loan.
5. You Can Get Started Online – It’s Easy And Fast!
These days, car title loans are more accessible than ever before – not only due to their flexible qualifying requirements but due to the easiness of the process. Missouri Title loans has locations all over the state and you can choose the most convenient one while applying online.
You will only have to visit the store once – for the appointment with the loan representative to appraise your car and determine how much cash you qualify for. Don’t have a lot of free time and need the cash the same day? Online application makes it possible and then you can choose the location you want to meet at instead.
Get Car Title Loans Online Right Now!
Start the application process from the comfort of your own home without having to leave your couch! Just get your phone or laptop and go to the Missouri Title Loans website! Select the store closest to you from the location webpage and submit a filled-out online form. It will get processed in a matter of minutes, and soon enough you’ll be contacted by a loan representative who’ll provide further instructions and set an appointment for you.
Take the required items – your state-issued ID, your car, and the car’s lien-free title in your name – to the scheduled appointment at either the store or the place that you choose. The loan representative will inspect the car and assess the documents to determine if you qualify for the loan.
If you’re approved – you’ll complete the easy paperwork on the spot and receive the cash, you qualified for the very same day! This entire process takes on average no more than 30-45 minutes!
Frequently Asked Questions About Missouri Car Title Loans
How do I get a title loan in Missouri?
Start by submitting your basic information online. You'll then speak with a representative and visit a Missouri location with your photo ID, lien-free vehicle title, and vehicle for inspection. Approval requires a complete application.
What do I need for a car title loan?
Missouri Title Loans, Inc. currently lists a state-issued photo ID, lien-free vehicle title in your name, and your vehicle for inspection.
Does my car need to be paid off?
Yes. A Missouri Title Loans, Inc. title loan requires a lien-free vehicle title, which generally means you fully own the vehicle.
How much can I borrow with a Missouri title loan?
Qualified borrowers may receive up to $15,000*. Actual amounts depend on vehicle evaluation and approval of the completed application.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.
