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Getting Car Equity Loans In Mississippi With Bad Credit

Bad credit can impede getting loans, but not so with car equity loans in Mississippi. Here’s how you can get a loan through Mississippi Title Loans, Inc., even if, you have poor credit.

To take out a loan with bad credit, you’ll need your ID, car title, and vehicle. Start by filling out the online inquiry form and waiting for a callback. After a quick in-person inspection, you may be approved for up to $2,500 toward emergency expenses!

Bad credit can often feel like a death sentence when it comes to getting loans for emergencies, but you do have options that don’t depend as heavily on credit. In this article, we’ll review how our loans work and how you can get one as soon as today.

Why Car Equity Loans In Mississippi Don’t Require Good Credit

Loans that are secured don’t require good credit, as the collateral provided is an incentive for the borrower to repay the loan. Lenders are always trying to mitigate the risk they undertake, and security is a great way to accomplish that goal. Instead of relying on your say-so, you are veritably putting your money where your mouth is by putting up your car as collateral.

With this type of loan, the lender places a lien against your vehicle, which will be removed when the loan is fully repaid. Doing so allows you to take out car equity loans in Mississippi even if you have poor credit.

Put simply, credit doesn’t really matter when it comes to title loans. It’s always wise to consider your ability to repay the loan based on your financial options, but if you need urgent cash, you can instead rely on the inherent value in your car rather than your credit to get a secured loan.

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When To Consider Car Equity Loans In Mississippi

If you have poor credit, you should rein in your spending, focus on your debt, and try to improve your credit for the long term; however, life isn’t always so simple. In the following situations, you might still consider getting one of our loans:

  • Emergency home or auto repairs
  • Costly medical bills
  • Lapsed bills, rent, or utility
  • Important business travel

Essentially, if a bill or service is likely to get more expensive over time, then you might consider getting a loan to fund your costs.

What You’ll Need To Get A Loan

To get started on the title loan process, you will first need to make sure you have the following:

  • Your driver’s license or state-issued ID – It’s important for us to confirm your identity. If you don’t have a driver's license you can alternatively use a passport, non-driver’s license, military ID, or student ID.
  • Your lien-free vehicle title – Your vehicle title must be lien-free to take out a loan. Pay your debts to your lienholder if applicable and have the lien removed before you apply.
  • Your car itself for a quick inspection – Your car’s value determines the amount you qualify for, so a representative will need to evaluate it in person before approving you.

If you’ve got these three items ready to go, then you’re ready to get started with our quick loan process to get car equity loans in Mississippi. Remember, the car title needs to be in your name, and you must be 18 years or older to apply. If the title isn’t in your name, you will need to have the title transferred at your local DMV before you get started.

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Getting A Loan With Us

To take out a loan, start with our quick online form. Completing it will send your basic information to the nearest location, who will call you shortly after. At this point, if you choose, you can share your credit situation, and the loan representative will outline your next steps.

They will review your basic information and schedule a meeting with you. You can request a location that works for you, or you can choose a convenient store location that fits your needs just as well. Whichever you choose, make sure you have the aforementioned required items when you head to the meeting.

A loan representative will go over your items and inspect your vehicle, checking the VIN and title. If everything checks out, they’ll determine if you qualify for approval. If so, you’ll get the amount of money you qualify for, up to $2,500, that day or the following business day.

Get Your Car Equity Loan Today!

Emergency situations can be emotionally draining. Thankfully, Mississippi Title Loans, Inc. has resources that borrowers need, regardless of credit. If you’re not able to get other types of loans, we may be able to help.

Car equity loans in Mississippi don’t require good credit, just your ID, title, and vehicle. If you’re struggling to manage sudden expenses, give us a call or fill out our quick request form 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.