The Secret To Getting A Loan With No Bank Account

If you’re looking for a loan, no bank account means you may not qualify. But does it actually mean there’s no solution to this problem if there are issues preventing you from opening a bank account? It absolutely doesn’t, and in this post, we’ll explain why. So, keep on reading to learn more!

Here’s How To Get A Loan With No Bank Account

The secret to getting a loan with no bank account lies in the idea that you need to choose the loan type that would allow you to get your money through alternative routes, such as a card with the loan amount on it. This card would be issued by the financial institution through which you got your loan, and you would be able to use it just like any other credit card.

Title loans are one of the loan types that allows you to get a lump sum of cash on such card. To get a title loan, no bank account is required, and you can easily use the borrowed money to pay for your emergency expenses, such as urgent house repairs, hospital bills, or unexpected but non-cancelable family trips.

What Is A Title Loan?

A title loan uses your car’s title as collateral in exchange for a loan to be paid off over time. At Missouri Title Loans, Inc. you may qualify for up to $15,000 with an auto title loan fast. How fast? It can take as little as 30 minutes from the moment you meet with a representative.

You get to keep your car and can drive it as you normally would during the entire loan period. Title loans are designed as short-term relief for temporary financial emergencies, not for frivolous purchases.

Why Don’t I Need A Bank Account To Get A Title Loan?

Title loans are based on the value and condition of your vehicle; it’s one of the few options to get a loan with no bank account. Your employment status or sources of income do not come into play when you pursue a title loan through Missouri Title Loans, Inc.

You also don’t need to worry about your credit history. While some financial providers instantly disqualify those with bad credit from getting a title loan, we think differently. At Missouri Title Loans, Inc., we encourage those with all types of credit history, good or bad, to pursue a quick title loan with us. We also do not report your loan to credit agencies.

So, What Do I Need To Get A Title Loan?

We make it easy. In addition to being at least 18 years old, you just need to have the following to qualify for a title loan today:

• A Missouri driver’s license or a form of identification issued by the state of Missouri.
• Your vehicle for inspection. One of our loan representatives will perform a quick inspection of your car to determine the amount of loan you qualify for.
• The lien-free title to your vehicle. A lien-free title, or clear title, means that you own your car outright; you are no longer making payments on it. It also cannot have any outstanding loans or judgments against it.

Your car’s title must be in your name. If it’s not in your name, simply head to the DMV to have it transferred to your name before you pursue a quick title loan.

What’s The Process For A Title Loan With No Bank Account Needed?

A big reason why it’s quick and easy to get a title loan at Missouri Title Loans, Inc., is that we’ve streamlined the entire process. All you need to do to get started is fill out the short title loan inquiry form on our website with some basic personal information, including your name, email address, phone number, and zip code.

You’ll also share your vehicle’s year, make, model, series, and style. All personal information is kept confidential at Missouri Title Loans, Inc. as part of our extensive privacy policy. Soon after you submit the title loan form, one of our loan representatives will give you a call. They will chat with you about title loans, make sure you understand the needed items to qualify, and answer any questions you have about the title loan process.

From there, you have two options. Either bring the required title loan materials to a Missouri Title Loans, Inc. location near you — we have 17 stores throughout the state — or have one of our representatives meet you wherever you choose, including your home, workplace, or public spot.

Either way, once you meet with a loan representative, they will perform the short vehicle inspection, review the required materials, and determine how much of a title loan you qualify for. Once you qualify, are approved, and you agree to the terms, you will receive the cash you need that same day or the very next business day.

Get Started Today

To get a loan, no bank account should be an obstacle. You can apply for a title loan today with Missouri Title Loans, Inc. and never worry about having no opportunity to hold a checking account. Either go online, give us a call, or visit one of our many locations near you. We’re here to help!

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