The Checklist To Get Fast Missouri Installment Loans
Missouri installment loans are relatively easy loans to apply for. Compared to other loans, the application requirements are minimal and put little pressure on applicants. Despite having minimal requirements, having a checklist of the things you need and need to do will only benefit you in the long run.
When you are in need of funds, the last thing you want is to forget something essential or overlook ways to increase your chances of approval. Before you make a trip to your lender take the time to go over the checklist provided below.
Recommended Installment Loan Checklist
1. Get Your Free Credit Report
Just as with other loans, installment loan applicants are subject to a quick credit check to determine their eligibility for approval.
Credit checks have a huge impact on a person's ability to get funds from a lender. For this reason, getting a free credit report gets the top spot for checklist priority.
How To Stay On Top Of Your Credit Score
The biggest mistake people make in managing their credit is not checking their credit reports regularly. Every year, US residents are able to get a free credit report to help them manage their credit scores. This should be done regularly.
If you have not done this for some time, getting your credit report will allow you to spot any errors that may be dragging your score lower than it should be.
In fact, 1 in 5 people has an error on their credit report. Credit report errors are much more common than you may think. Common errors include:
- Activity from someone who has the same name as you showing up on your credit report
- Identity theft signifiers such as incorrect personal info
- Accounts may be incorrectly marked as open when they are closed
- Incorrect current debt balance
- Duplicate debts listed
If increasing your chances of approval is your top priority, reviewing your report can do this. Any discrepancies you find can then be addressed and your score, hopefully, adjusted for the better.
2. Get Your Bank Statement
Missouri installment loans require that applicants have a bank account in their name and provide their most recent 30-day bank statement.
For the most part, this is an easy task to check off on your list of things to do. Most banking apps have an option for you to view or download your most recent bank statement right on your phone.
However, if you don't yet have an account, it will be necessary to open one before you submit an application for approval.
When you get your bank statement you want to do two things:
- Ask your lender if they need a paper copy or if a digital statement will do.
- Take an extra couple of minutes to review your activity.
Just as your credit report may contain inconsistencies, so too could your bank statement. It is recommended that individuals review their accounts one to two times a week. Unfortunately, a good chunk of the population doesn't do this.
If it has been a while since you last checked then there may be transaction activity showing purchases that were never made.
3. Get Your Most Recent Paystub
Missouri installment loans also require that proof of income is presented to your lender.
If you receive paperless direct deposit from your job, you will need to contact your employer about getting access to your digital copy. Getting access to your paystub is as easy as downloading an app or asking HR to email it to you.
Three Things To Get You On Track
As simple as the checklist above is, it will set you on the right path when you get fast Missouri installment loans. Everything on it has to do with preparing the required items that are must-haves for the application and improving your chances of approval.
When a loan is needed to address an emergency, these minimal requirements make it easier for you to apply without adding any further stress to your plate.
What To Do After Completing Your Checklist
When your checklist is complete, you'll have everything you need to put in an application with Missouri Title Loans, Inc.
When you choose Missouri Title Loans, Inc. you can get Missouri installment loans of up to $1,500. It takes only a few steps to get started:
- Get the required documents together: Identification, bank statement, proof of income
- Submit a Missouri installment loan request form online
- Pick up your phone when a representative calls so they can help you complete the application with ease.
Submit An Inquiry Today
Preparation for Missouri installment loans doesn't have to be back-breaking work. Checking your credit report, your bank statement, and getting access to your paystub is all it takes. Applying for an installment loan with Missouri Title Loans, Inc. can see you receive your money as soon as tomorrow. Submit an online installment loan inquiry form now to get started!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.