How Your Car Can Help Secure Quick Cash For Urgent Expenses

When saving money isn’t enough to help you pay for urgent expenses, you can contact Missouri Title Loans, Inc. Here, you can use your car to secure quick cash through title loans, which use your lien-free car title as loan collateral.

This quick article will show you how to use your car to secure fast cash when needed. By the end, you’ll understand how to qualify for one of these loans and get the money you need to take care of your urgent expenses!

How Can You Use Your Car To Secure Quick Cash?

Your car is a valuable asset that you can use to borrow money through title loans. When you apply for a title loan, you use your lien-free car title as collateral to secure the money you borrow.

These loans are a popular option among borrowers for many reasons. For starters, you could qualify to borrow up to $15,000 using this method. However, the precise amount you qualify to borrow will depend on your car’s value, which will be determined during a physical vehicle inspection.

Besides that, these loans are also popular because they’re easy to apply for and quick to get. As a result, borrowers find them particularly helpful during emergencies when they need to borrow money but need more time or energy to spend on other types of loans.

Does It Take Long To Borrow Cash With A Title Loan?

No, it typically doesn’t take long to borrow cash with a title loan. For starters, you can begin the application process anytime and from wherever you might be. That’s because the first step is to fill out and submit the online application form with your basic details.

During the application process, you’ll also have to meet a representative so they can verify your documents and inspect your vehicle. This part of the process can take as little as 30 minutes to complete, ensuring that your daily schedule won’t be disrupted too much.

Lastly, if your application is approved, you could receive the money as early as the same day or by the next business day. So whatever the kind of emergency you’re facing, whether it’s a medical bill or housing repair you need to pay for, you can get what you need in minimal time. Once you have the money, you’ll be empowered to resolve your issues quickly.

What Do You Need To Qualify For A Title Loan?

Aside from being quick, title loans are also easy to qualify for. Here are the requirements you must meet to apply for a title loan:

• Valid ID: The first thing you must provide to apply for a title loan is valid identification, such as your driver’s license. Alternatively, you can use another state-issued photo ID if you don’t have your license.
• 18 years old: You must be 18 to apply for a title loan. The loan representative will verify your age and other information using your identification.
• Lien-free car title: Given that it’s called a ‘title loan,’ you must also provide your car title to borrow money this way. More importantly, that title must be lien-free, which means it’s free from any judgments or outstanding loans against it.
• Inspection: Lastly, you must be able to bring your car in for a physical inspection, which will only take a few moments. This part is necessary to determine how much you qualify to borrow based on your car’s value.

You can apply for a title loan when you meet these four easy requirements. The application process is quick and easy, and you’ll have the guidance of a loan representative at every step of the way.

Can You Use Your Car To Borrow Money With Bad Credit?

Yes, you can qualify for a title loan even with bad credit. That’s because your ability to qualify for one of these loans depends on other factors, like your car’s value and your ability to repay the loan if you get one.

So, don’t worry if your credit is good or bad. You can proceed with your application as long as you can meet the requirements mentioned earlier!

Get Started Now!

Whether you’re saving money for housing repairs or other urgent expenses, get started by reaching out to Missouri Title Loans, Inc. Fill out the online form with the required information, like your name, contact number, and some details about your car.

Soon after, you’ll get a call from a representative who will explain the rest of the application process. Plus, they’ll even address any questions or concerns you have!

 

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