How You Can Qualify For Cash Loans With Bad Credit 

When you have bad credit, the money-borrowing world can seem too far out of reach. But that's just hearsay. In reality, there are plenty of cash loans for bad credit. You only need to know where to look! In the following sections, you'll learn everything you need to know about qualifying for such loans and the available options.

How Can You Qualify For Cash Loans With Bad Credit?

Cash Loans For Bad Credit: The Basics

These loans do exactly what they say on the tin — give those with poor credit scores a simple, safe way to borrow money. Whether you need $500 to fix a broken window or $12,000 to fund medical bills, you can access a loan without fretting about your credit score.

It's All About Knowing Your Loan Options

Qualifying for bad credit loans rests on knowing your loan options. Please know what's out there to understand your needs and the steps to gain approval. But you're in luck because we're going over everything right here.

woman frustrated and considers a bad credit loan option

Title Loans

Title loans are short-term loans that use the value of your vehicle to decide how much you can borrow. Instead of relying on your credit score to dictate affordability, we use your car's, truck's, or van's worth to calculate your limits, allowing you to borrow as much as $15,000 to fund emergencies of all shapes and sizes. 

The Requirements

While you don't need a perfect (or even a good) credit score, there remain three requirements you must adhere to. These are as follows:

  • State-issued identification (e.g., driver's license)
  • Vehicle (only cars, trucks, or vans will be accepted)
  • Lien-free title to your vehicle (no other title types will be accepted)

Please ensure that your state-issued identification shows your legal name, photograph, and date of birth. You must be 18 to apply for and receive a title loan in Missouri.

Our Title Loan Process

Provided you have the requirements, you can follow these steps to get a title loan for bad credit from us:

  1. Complete our online application form to discover whether you can gain approval.
  2. Sit back and wait for one of us to give you a call. You can tell us where you would like to meet during the conversation to avoid coming to the store.
  3. If we or you come to us, you will need to bring the requirements we listed in the previous section. 
  4. When you (or we) arrive, we'll quickly inspect your vehicle to determine whether you qualify for a title loan.
  5. we'll tell you how much you can borrow if you qualify. 
  6. sign some paperwork to confirm your agreement and leave with your vehicle.
  7. Finally, you'll receive the amount you qualified for on the same or the next working day.

man with loan cash for bad credit

Installment Loans

Installment loans are more traditional and unsecured, requiring zero collateral to qualify. So that you know, all you need to do is provide your signature and three other documents to confirm that you agree to repay the borrowed amount. 

Due to their unsecured nature, you won't be able to borrow as much money with installment loans. You can apply for up to $1,500 to fund minor crises like less severe vet visits, medical bills, or home repairs.

The Requirements

To get an installment loan, you will need these three items:

  • State-issued identification (e.g., driver's license)
  • Checking account statement (the account must be in your name)
  • Proof of income (e.g., your most recent pay stub)

Again, you must be at least 18 years of age and ensure your photo ID contains your legal name and date of birth. 

Our Installment Loan Process

With the items mentioned above in hand, follow these six steps to get an installment loan from Missouri Title Loans, Inc.:

  1. Complete our installment loan form. We also offer title loans, so please make sure you use the proper form. 
  2. Wait for us to call. We'll help you get started. 
  3. Bring the requirements (detailed above) to your local Missouri Title Loans Inc. branch. You can't request a different location when getting an installment loan. 
  4. When you get there, we will look at all your documents to decide how much you qualify for. 
  5. After signing a few documents, confirm you're happy with the amount and agree to the terms. 
  6. Last but not least, the money will land in your bank account. This could happen on the same day as you apply!

Secure Cash Loans For Bad Credit From Missouri Title Loans, Inc. Today!

Cash loans for bad credit can be your ticket out of otherwise impossible financial situations. If you save them for emergencies and only apply for what you need, our title and installment loans are safe, convenient options. You can start by completing the relevant form. One of our representatives will be in touch to go over the details. 

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

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.