Don't Worry About Your Credit Type With These Financial Options

If you’ve been checking out Missouri Title Loans, Inc. and wondering what your options are, the good news is that you have a few, even if your credit score isn’t perfect. We offer both title loans and installment loans to people, and if you’re eligible, you may be able to get a sum of cash quickly and easily.

If you’ve got poor credit and can’t get a loan from traditional institutions like banks, we may be able to help. You can start the loan process today by contacting us using our online form.

Can You Still Get An Emergency Loan With Poor Credit?

What Financial Options Are There?

Option 1: Title Loans

Your first option is a title loan, which is on the table if you have a vehicle that you can use as collateral for the loan. Title loans are popular with many people for several reasons, one being that you retain access to the vehicle if you meet your repayment schedule. We don’t require you to leave the car with us while you repay the loan.

Title loans are based on the vehicle's value rather than your credit score, so you don’t have to worry much about what kind of credit you have or stress over being denied for the loan. Even if you’ve got a bad history of borrowing, you can often get a title loan, so find out today if you’re eligible.

financial option credit score woman smiling

You might get as much as $15,000 if you’ve got a high-end vehicle in excellent condition. Most title loans won’t offer this much money because the amount is based on the vehicle’s condition and the type of vehicle you’ve got, but you may still be able to get a decent sum.

One of the other benefits of our title loans is that in Missouri, you can apply online and don’t have to come to an in-person meeting to borrow money against your vehicle. A lot of people find this preferable.

Option 2: Installment Loans

Installment loans are an alternative option for people who don’t own vehicles but would still like to take out a loan. You can get up to $1,500 using this kind of lending, and we offer flexible repayment periods and a fast process, allowing you to get the money quickly. This makes these loans attractive for some people.

Installment loans are unsecured borrowing, and all you need to apply is a recent checking account statement to a bank account in your name, some proof of income (a recent pay stub), and some valid, state-issued identification.

If you’ve got all of these things, you can start the application online, although you should note that you do have to come into our store to finish the application and get the loan. Even so, we’ve made things as quick and straightforward as possible, making this a valid financial option for many people.

Why Doesn’t Credit Score Matter Too Much?

Regarding online title loans, your credit score is unimportant because your car is being used as collateral. That means the loan is based on the value of your vehicle, not your borrowing history. While we may run a credit check as part of the application process, having poor credit doesn’t prevent you from getting a loan.

A signature installment loan depends more on the credit check; we will always perform one. Your borrowing history matters more here, but it’s not the only determining factor, and we don’t demand perfect credit to offer a loan.

credit score financial option man at computer

We work with people with different types of credit all the time. So even if your credit score isn’t perfect, it may be worth reaching out to us and seeing whether we can offer you a loan.

You are not guaranteed to be eligible, but you may be, and we will let you know quickly, one way or another. For people with poor credit, either of these loan options could be a viable solution when you need access to funds in a hurry.

Complete An Application Today

A low credit score can leave you feeling like you have no financing options, but Missouri Title Loans, Inc. changes that. A title or installment loan could still be a financial option for you and may be worth exploring if you need money quickly.

Only some benefit from this kind of loan, but you might be able to. Both title and installment loans can give you access to a lump sum paid directly into your bank account.

This will help you to keep your finances on track and may help you avoid going into debt with utility companies and other bills. To get started with this process, fill out our online form today!

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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.