5 Things To Consider Before Getting Quick Easy Holiday Loans

Holidays can also often be a stressful time of year, especially if you’re struggling financially. But that’s where quick easy holiday loans come in. They provide an option for relief to those coping with financial emergencies. Quick easy holiday loans are designed to provide help with temporary financial issues, which hit particularly hard during the holiday season.

There are several things to think about, however, before pursuing quick easy holiday loans, including title loans and installment loans. Here are 5 things to consider.

What You Need To Think About Before Getting Holiday Loans

1. What Loans Should Be Used For

Quick easy holiday loans are designed as short-term relief for short-term financial emergencies. These should include high medical bills, unexpected but necessary last-minute travel, and home and auto repairs you can no longer ignore. Loans may also be an option for those who are having trouble making ends meet in order to pay rent or covering the basic living expenses.

2. Which Loan Type Fits You Best

While quick easy holiday loans all offer financial help, they function in different ways and serve different purposes. The two main types of quick loans you are likely to encounter are title loans and installment loans.

Title loans use your vehicle’s title as collateral for a loan, and you keep your car for the loan’s duration, installment loans do not require such collateral and get their name from the set payment periods — or installments — the loan is paid back through.

The amount of cash you may qualify for also depends on the type of quick easy holiday loan you’re pursuing. For example. At Missouri Title Loans, Inc., title loans are offered up to $15,000 while installment loan amounts go up to $1,500.

3. How The Lender Views Bad Credit 

If you’ve ever pursued a quick easy holiday loan from other lenders, you may have been surprised to find out that you credit score plays an important role in your chances to qualify.

At Missouri Title Loans, Inc. we think differently. No matter if you had good or bad credit and pursue title loans and installment loans with us, you still may get the cash you need. It is always our goal to provide loans for those who not only qualify but need financial help the most.

4. What The Qualifying Requirements Are

Part of what makes quick and easy holiday loans, well, quick and easy, is the amount of qualifying requirements. To qualify for both title loans and installment loans at Missouri Title Loans, Inc., you must be at least 18 years old and have a state-issued form of I.D. or a driver’s license.

For title loans, the additional requirements are your vehicle for inspection (which helps us determine the amount of the loan you may qualify for) and the lien-free title to your vehicle. Lien-free means you own your car outright, and that there are no outstanding loans and judgments against it.

To qualify for installment loans, you’ll also need a statement from a checking account that’s open and in your name as well as proof of income in the form of your most recent pay stub.

5. What The Process Looks Like

Not only can you qualify for quick easy holiday loans such as title loans and installment loans in as little as 30 minutes, but you often can accomplish most of the work online. Here’s how both loans work at Missouri Title Loans, Inc.

If you’re interested in either title loans or installment loans either give one of our locations a call or go online to fill out either the title loan or installment loan form. If you start online, one of our loan representatives will then give you a call to discuss the loan you’re interested in.

For both, the next step is to head to the Missouri Title Loans, Inc. location near you with the required items. For title loans, a representative can also come to you to continue the process, and your vehicle will be inspected. Once you qualify, you will receive your cash either the same day or the next business day.

The process is similar for online installment loans. You will fill out the online form and talk to a loan representative to ensure you have the required materials to qualify. Then you will go to the store to finish the process. If you qualify, you usually will receive your loan the same day.

Get Started Today

Treat yourself with quick easy holiday loans this season at Missouri Title Loans, Inc. To get back on your financial feet with vehicle title loans or installment loan, simply give us a call or start the process online 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.