Christmas Loans For Bad Credit: When And How You Should Borrow

Are you looking into Christmas loans for bad credit? We know how you feel! The Christmas season is one of the most expensive times of the year around the world. Unless you’re a hermit, you’ll be spending and spending a lot more than any other time of the year.

And if you have the same problem as many other Americans do during these times (your budget isn’t enough to cover all the expenses, or your credit is bad), you might be considering getting a loan. But should you really take out a Christmas loan for bad credit to pay for all the gifts and shopping? Let’s find out!

Christmas Loans For Bad Credit: Things You Should Know

When Should I Get Christmas Loans For Bad Credit?

To put it simply – when your paycheck isn’t enough to cover emergency expenses that might occur around holidays. You need to remember that loans are a financial obligation you’ll need to shoulder in the future. They need to be repaid. So don’t get them if there’s no necessity.

What might be considered a necessity?

During Christmas time, most of your budget may be gone for gifts and decorations. If you don’t have an emergency fund on hand, you may not be financially prepared for such emergencies, as:

  • Injuries that happen while decorating the house, climbing a ladder, or hanging the lights outside
  • Damage to the property caused by a Christmas tree or lights fire
  • ER visits due to indigestion, accidents, or food/alcohol poisoning

Nobody is protected against emergencies, and they can be countless, especially around the Christmas season. That’s when it’s best to apply for Christmas loans for bad credit.

How Christmas Loans Work For People With Bad Credit

Private lenders are more flexible with credit situations than traditional financial institutions.

Being accommodating doesn’t mean there are never any credit checks – your loan representative may need to run a soft credit check if you’re applying for a larger loan. It’s unlikely that the results will disqualify you if you credit is bad. However, the results may have some degree of influence on the amount you’re eligible to get.

In the case of a title loan, this is made even easier by the fact that it’s a secured type of loan and you’ll be putting up collateral to protect the lender’s assets.

christmas loans for bad credit

What Do I Need To Qualify Christmas Loans For Bad Credit?

You Missouri Title Loans, Inc., you can get a title loan online. The list of qualifying requirements is short and clear-cut.

You need only 3 items:

  1. A valid state-issued photo ID (a driver’s license works) – to verify your identity and prove you’re at least 18, which is the minimum legal age for title loan applicants;
  2. A vehicle for inspection – to determine the minimum loan amount you qualify for based upon its value and condition;
  3. The vehicle’s lien-free title in your name – to prove the ownership and have it act as collateral. You won’t be able to use the title if it’s in another person’s name or has any outstanding liens against it.

What About My Income? What Should My Minimum Income Be?

There’s no minimum income limit when you’re applying for a title loan. You aren’t likely to even be asked for proof of income. Any means you choose to use for loan repayment, Missouri Title Loans, Inc. will do its best to accommodate.

In fact, you can get approved for a title loan even if you’re not employed for the time being. Your repayment means are up to you, so if you choose a non-salary way to make the loan payments, that is completely up to you.

Where And How To Get Your Loan

Before getting started with an online title loan, make sure you’ve got all the items required for our title loan.

If everything’s in order, you’ll just need to go through a few easy procedures that usually take no more than an hour and get the cash on the next bank business day at the latest. If you get started early in the morning, you may even receive the cash the very same day.

Here’s how it goes:

  1. You fill out a short application form you’ll find on our website and submit it after making sure the information is correct;
  2. The form sends your information to the nearest store location;
  3. Keep the phone close to answer your phone when our loan representative calls;
  4. Talk the process details over with the loan representative. They’ll answer any questions you may have, and arrange an appointment for you;
  5. Take your ID/driver’s license, your car, and its lien-free title in your name to that appointment;
  6. Let the loan representative inspect your car and assess the documents to determine the amount you qualify for as well as the terms of your prospective loan;
  7. If approved, finish the final paperwork with the representative’s help and get the cash!

woman got online title loan cash

Get Your Online Title Loan Today!

It’s important to make sure you have an emergency fund prepared to deal with the unexpected problems that might occur around Christmas time.

If you don’t have such funds ready in advance, Christmas loans for bad credit, such as online title loans may be an option to consider. All you need to get started is fill out an online inquiry form on our website and let Missouri Title Loans, Inc. take care of your Christmas emergency.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.