people getting installment loan

Why People Are Getting Emergency Installment Loans

Most people don’t realize the value an emergency installment loan can offer when used in the right situation. Here’s why people are getting emergency installment loans in Mississippi.

Emergency installment loans are a valuable resource for people who have unexpected expenses, such as sudden hospitalization, natural disasters, car breakdowns, or necessary travel.

Knowing when it’s the right time to get an emergency installment loan is important so that you can take advantage of the resources available to you. The rest of this article will walk you through emergency installment loans and how you can use them to benefit you.

How Does An Emergency Installment Loan Benefit You?

Installment loans are an option if you need fast cash to help you out of a pinch. Anytime you’ve got major expenses that need to be dealt with right away, an installment loan can get you the cash you need.

The benefit of installment loans is that they offer a very fast approval time, are usually able to work with all kinds of credit, and can get you the money you need very quickly. With traditional lending options, approval can take days—even weeks—to complete, leaving you without the cash you need right away.

Emergency installment loans, on the other hand, take less than an hour to apply for, and you can be in touch with a qualified representative in just a few minutes. Once you're approved, you can get the money you need on the same day or the next bank business day.

When Is the Right Time To Get An Emergency Installment Loan?

If you’re suddenly hit with an unexpected expense, then an emergency installment loan is an option to get you back on the right track with your finances.

Medical Expenses

One of the biggest concerns for Mississippi residents is sudden hospitalization. If you or your loved one are hospitalized, it can cost thousands of dollars when the bills start rolling in.

Of course, you don’t want to withhold treatment for the sake of money and not get the care you need, but those bills can be a major setback to your financial goals.

Even more frustratingly, you may have to fork out a good sum of money before your insurance will kick in and cover the rest. In this case, an emergency installment loan is a good option to handle those medical bills.

Major Home Or Auto Repairs

Your home and your auto are probably your most valuable possessions, and more importantly, they are essential to your survival and lifestyle.

Damage to your home as a result of a natural disaster can leave you devastated, and your insurance might not cover it depending on the type of damage and the root cause.

emergency installment loans

These repairs need to be taken care of immediately to reduce the risk of further structural damage, and to pay for it, an emergency installment loan might be a good choice.

Similarly, auto repairs are a necessary expense that can cost thousands of dollars—money that you simply don’t have lying around.

A transmission replacement, for example, can run you upwards of $4,000. Of course, you need these auto repairs to make sure your primary method of transportation doesn’t suddenly go on the fritz.

It’s important to combine a strategy of using an emergency installment loan for handling sudden expenses with smart money habits. Always stay on top of your payments for the loan and build a comprehensive budget to plan ahead for the money you’ll need.

How We Can Help You

If you need an emergency installment loan, the biggest challenge can be finding a reputable lender you can trust. Mississippi Title Loans is a trusted lender for installment loans up to $1,250. You’ll need to make sure you have your driver's license (or a valid state I.D.), a checking account statement that’s open in your name, and proof of Income (your most recent pay stub).

Upon visiting your local Mississippi Title Loans, Inc. store, you’ll be greeted by one of our friendly and helpful in-store representatives who will be taking care of your installment loan approval request. They’ll be happy to go over all your information with you while making sure you understand the terms and conditions surrounding your signature installment loans agreement. After a brief credit check and a little bit of paperwork, you could be well on your way to getting Mississippi installment loans and the extra cash you need.

If you’re approved, you can get the money you need for an emergency on the same day or the following business day.

Get Started With Your Installment Loan Today!

If you’re having trouble handling sudden major expenses, it’s worth considering an emergency installment loan from Mississippi Title Loans, Inc. You don’t need to have good credit to apply, and you can keep the vehicle while you’re repaying the loan. For Mississippi residents in need of some fast cash, call Mississippi Title Loans, Inc. 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.

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.