What Loans Can I Get In Mississippi?

There are many different Mississippi loan options and each one can be helpful for its own purpose. Some of the main types of loans in MS include title loans, payday loans, and installment loans.

However, the process of obtaining the loan can differ from one loan to the next. Some loan types are secured (which means that an asset is used as collateral to secure the money you borrow), while others are unsecured (these require no collateral).

In this article, we will find out how these loans can make the life of the borrower a lot easier by providing the cash that he or she needs to deal with an emergency or an unexpected life situation.

3 Types Of Loans In MS

Title Loans

A car title is a legal document that proves ownership of a vehicle. A title loan is a short-term loan that uses your vehicle’s title as collateral. With this loan option, you can expect to get up to 50% of your car’s value or the maximum amount your lender will provide.

To get approved, you would typically have to bring your car, the title of that car, and your ID to the lender. Keep in mind, that the majority of lenders would require a title that is not only clear but also has your name on it. 

Who Are Title Loans for?

Title loans are an option for people who own their vehicle outright. If you have already paid off your car and your title is clear, you can apply for such a loan and receive the sum you need in the shortest timeframe.

Payday Loans

A payday loan is also a short-term loan, usually for sums up to $500. The reason the loan is named as such is that the borrower, in the majority of cases, is able to borrow against their upcoming pay and is asked to repay the loan with his or her next paycheck.

Lenders that offer payday loans would typically require proof of income and their checking account information.

Who Are Payday Loans for?

This way of borrowing money is preferred by people who have non-existent or far-from-perfect credit, much like those seeking a title loan. It is also an option for those, who do not have a valuable asset (such as a car or a house, for example), but they can provide proof of income.

Installment Loans

With an installment loan, you’ll immediately receive the whole sum that you’re borrowing and will be required to pay it back in regularly scheduled payments (those are also called ‘installments’).

Auto loans, student loans, mortgages, and personal loans – are examples of installment loans for different needs.

Signature installment loans are unsecured. This means that they do not require any form of collateral. You will promise the lender to return the money and then sign the necessary documents to agree to the amount, terms, and rates. The lender, however, might ask you to show proof of income and will also take a look at your credit score.

Who Are Installment Loans for?

Those who do not own a car or any other valuable asset can apply for an installment loan.

Where To Get Loans In Mississippi?

Finding reputable loan lenders can be challenging. Thankfully, there is a convenient way for you to access financial solutions in Mississippi to get the loan that you need.

Mississippi Title Loans, Inc. offers title loans, payday loans, and signature installment loans in the beautiful Magnolia state.

With these lending options, you might get $300-$2,500 for a title loan, $100-$400 for a payday loan, and up to $1,250 for a signature installment loan. There are 28 store locations across the state for you to choose from (that is if a store visit is required). 

Benefits Of Getting Loans In Mississippi

There are many benefits to working with this trustworthy lender in Mississippi:

• The whole loan process can take as little as 30 minutes.
• Good credit is not required to apply. This means that you might qualify for these Mississippi loan options even if your credit is not ideal.
• If all your documents are right and you get approved, then you’ll be able to receive the sum that you need in the shortest timeframe. Clients can usually get their hands on loan money on the very same day they complete the loan application or by the next business day.
• If you’re going for a title loan, you won’t have to drive to the store for title loans online. A verification agent from the Mississippi Title Loans, Inc. location nearest you can arrive at a location of your choice. This can be at your home or office or anywhere in between.
• Last but not least, you will be provided with superb customer service.
• All credit types are welcome to apply and can still be approved.

Get Your Loan In Mississippi Today!

If you’re looking for financial solutions in Mississippi, you might want to consider Mississippi Title Loans, Inc. This lender offers title loans, payday loans, and signature installment loans for different needs. The chances are high that one of these loan types will be the right fit for you.

All you would have to do to get started is complete a short form online, call, or visit a store directly. Don’t miss your chance to receive the cash that you urgently need – take the first step 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.