A title loan is a way to borrow more money than a traditional cash advance, without the hassles of a bank approved personal loan. Qualification for this type of loan is easy and hassle-free. Below are five reasons to look into a title loan today.
Anyone Over 18 Can Get a Title Loan
As long as you have a valid driver’s license and you own a vehicle free and clear, you can obtain an affordable title loan in the state of Mississippi. The amount you can borrow will depend on the value of the vehicle. You need to bring the vehicle to have it inspected.
No Credit Checks are Needed for a Title Loan
The money you borrow on a title loan is secured with the title of your car. It eliminates the need for a credit check or meeting specific criteria traditional lenders look at. It’s an uncomplicated way to get a slightly higher loan than the payday loans offer. You’re given a reasonable amount of time to pay it back without penalty.
Get the Money and Keep Using the Car
One of the best features to a title loan is being able to get a loan on the vehicle and still get the use of it to get around. The process is unlike a vehicle pawn, which requires you to leave the vehicle at the location that originates the loan. You can still use the vehicle to go to work, school, or take any necessary trips.
Title Loans Offer Easy Paperwork and Payout
Very little is needed in order to get a title loan. You need to produce a valid driver’s license, the vehicle title, and some locations require you to supply income verification. You’ll fill out a basic application, which provides information that allows the lender to contact you. Once the vehicle is inspected and approved for a loan, you receive the payout if the loan obligation is acceptable to you.
Affordable Loan Repayment
A title loan doesn’t have to be paid back within the first couple of weeks, unlike a cash advance. It provides you a way to get a loan with repayment that is both reasonable and affordable for your budget. It’s the perfect solution when you have unexpected medical expenses, school tuition, or other financial obligations that require immediate access to cash.
Cash crunch solutions have never been easier than taking advantage of title loans Mississippi residents depends on when the unexpected happens. Find out more about how a title loan can help you.