Can I Get A Title Loan In Cape Girardeau, Missouri?

A title loan in Cape Girardeau could be something worth looking into if you need urgent cash for your expenses. Here’s everything to keep in mind in Cape Girardeau.

You can receive $15,000 when you take out a loan through Missouri Title Loans, Inc. if you have your ID, lien-free car title, and your car itself for inspection.

There’s a lot to know about the loan process, but to simplify, as long as you have these three items, you’re well on your way to getting approved.

What Is A Vehicle Title Loan?

A title loan is a loan opportunity that gives you up to $15,000 for emergency expenses. The loan is secured by your car title, which serves as collateral for the loan.

The lender will place a lien against the title to be removed once the loan is repaid in full. Because the loan has security in the form of your car title, you will often have access to larger borrow amounts and longer repayment periods.

How Can I Get A Title Loan In Cape Girardeau?

To get a title loan near me in Cape Girardeau, you’ll need to confirm have these three important items:

  • Your driver’s license or photo ID that's government-issued
  • Lien-free car title
  • Your vehicle for inspection


It’s important for Missouri Title Loans, Inc. to confirm your age and identity before approving you for a title loan. It stands to reason that if you own a car, you also likely have a driver’s license. If you don’t, then any of the following will suffice:

  • Passport
  • Military ID
  • Student ID
  • Nondriver's license

Your Lien-Free Vehicle Title

If there’s a lien against your vehicle title, you cannot get a title loan. A lien is a judgment or claim against the value of your vehicle by another entity. Liens can be placed on your car by a dealership, lender, or, in some events, the government. When there’s a lien against your title, the lienholder is the legal owner until the debt is repaid in full.

Of course, if there’s a lien on your car, then it doesn’t hold much weight at all when it's used as security for a loan. As such, lenders cannot mitigate the risk of lending you money—especially given that title loans are usually issued in large lump sums.

To remove a lien, pay off your lienholder and ask them to submit a lien release form. For electronic liens, they can remove them online and inform you.

If you have a paper title for your vehicle, you’ll need to apply for a duplicate title by submitting the lien release form, the fee, and the application for a lien release to your local DMV.

Your Car

Lastly, you’ll need to bring your car for a brief inspection before you're able to obtain a title loan. The representative needs to match your title and car, verify your VIN, and review the general state of your vehicle before approving you.

Your car’s condition plays a significant role in determining the amount of money you could qualify for. New cars tend to fetch a higher loan amount than older cars. The same is true of cars that have been well-kept over the years.


Will Credit Affect My Chances Of Getting A Title Loan In Cape Girardeau?

Credit is a factor with almost any type of loan and may affect your approval or terms. With that being said, because a lot of the security in the loan is reliant on the collateral you provide, poor credit may not be an impediment to getting a title loan compared to other loans that are unsecured.

How To Apply For A Title Loan Through Missouri Title Loans, Inc.

The process for applying for a title loan in Cape Girardeau is super simple. Start by completing the online inquiry form. Once you’ve finished the form, you’ll need to wait for a representative to contact you and book a meeting.

You can choose somewhere that works for you or one of our Missouri Title Loans, Inc. stores; either way, make sure to bring along your required items! Following a brief inspection, the loan representative will have you fill out some simple paperwork.

If you are approved, you can expect to get the money you need on the same business day or, if that's not possible, on the next one.

Apply Online Today!

If you need an alternative short-term cashflow solution during an emergency, a title loan in Cape Girardeau might be something worth considering. Customers use their title loans to cover emergency medical expenses, rent or utility bills, costly repairs, and business travel expenses.

Whatever your reason, you can likely get a title loan if you have your ID, lien-free title, and your car for inspection. If that sounds like the right option for you, then get started 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.

Mason Roberts

Mason Roberts is a seasoned economics writer and blogger with a knack for breaking down and simply communicating the ever-changing world of finance. He is philosophically committed to the premise that financial knowledge equals financial freedom.