How Do I Get Started With A Missouri Title Loan?
If you’ve found yourself in a pinch, you might be thinking about applying for a title loan as means to get some cash. But before learning how to get title loan, there are a few things you need to learn about them first.
Should You Get A Title Loan?
Before you start googling “Missouri title loan” and “how to get title loan”, you need to ask yourself – do you even need a title loan, in the first place?
Car title loans are a great solution when you’re in a time-sensitive emergency and need to get cash together ASAP to deal with it. Things like unplanned medical bills, a pet requiring vet visits, car starting to break down are good examples – not only will they escalate and likely have worse results if not dealt with immediately, but they will also become more expensive to deal with as time goes on and the situation worsens.
If you’re dealing with a problem that allows you to maneuver, you could try getting money together from other avenues – working overtime, asking for a salary advance, or even taking a side hustle. But when time is of the essence, you should start thinking about how to get a title loan.
What You’ll Need To Get Started With A Missouri Title Loan:
1. You Must Be Over 18 – And Able To Prove It
Only legal adults can apply for a title loan. In Missouri, this means you must be at least 18. Not only that, but you need to be able to provide verifiable proof that you’re a legal adult. To do that you need a government-issued ID card – or a valid driver’s license.
This is the bare minimum. Unless you’re 18 and have a government-issued document to prove it, you won’t even be considered for the title loan.
2. You Must Be A Car Owner – And Have The Car Title In Your Name
Since the whole idea of a title loan is that you’ll be exchanging your title for cash – obviously, you need to be a car owner.
“Owner” being the keyword here.
Your car will only be accepted as collateral (title loan is a secured type of loan – secured loans require you to guarantee it some kind of way, in this specific case, with your car) if the car title you’ll be leaving with the lender is in your name (you cannot use your parents’, relative’s, or friend’s car as collateral).
In addition, the car title in question must be completely lien-free – meaning there should be no outstanding loans against it.
As long as you’ve got this part covered, the rest is easy.
3. You Need Some Sort Of Income
The loan isn’t a gift – you should be able to pay it off with time, so you need to provide the lender with proof that you’re able to do so.
On the bright side, unlike with more traditional bank loans, your source of income matters little – as long as you prove you’re able to pay the loan off, Missouri Title Loans Inc. will accept and accommodate any kind of income you have.
(Speak to the loan representative you’ll be working with about the payoff schedule so that they’re able to set you up with terms you’re most comfortable with).
4. You Don’t Need To Worry About Your Credit History
One thing you don’t need to worry about when figuring out how to get title loan is your credit history. Missouri Title Loans Inc. simply won’t be paying attention to it – so you can apply even if your credit score is bad or outright nonexistent, it won’t influence your approval chances at all.
Additionally, you don’t need to worry about the loan influencing your existing credit score either. Missouri Title Loans won’t be reporting about it to the credit bureaus, so the loan stays entirely between you and the lender.
How Do I Apply For A Missouri Title Loan?
Once you’ve made sure that all the required documents are in order, you can move onto the “how to get title loan” part of the process.
Missouri title loan application process is pretty simple and straightforward, and you can easily get started online from the comfort of your own home:
- First, you need to go to the Missouri Title Loans Inc. website and select the store location nearest to you.
- Once you’ve chosen the store, fill out the application form and send it in.
- Wait for the store representative to contact you – your application won’t take long to process – and set up a face-to-face meeting.
- Take your car, your lien-free car title, and your government-issued ID to the meeting.
- Have the loan representative assess everything and determine if you qualify for the loan.
- Get approved – it could take as little as 30 minutes – and get the cash.
And that’s how to get a fast cash title loan in Missouri.
Don’t wonder how to get a title loan in Missouri any longer when you have the help of Missouri Title Loans, Inc!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.