How Do Installment Loans Work In Mississippi?

October 19, 2021 | Daniel Dewitt

 how do installment loans work

 

If you need cash fast, installment loans may be an option for you to consider. With Mississippi Title Loans, Inc., you can get access to up to $1,250 in a signature installment loan. To get an installment loan, you have to know how the process works first.

How do installment loans work in Mississippi? The process at Mississippi Title Loans, Inc. is pretty simple. All you need to do is fit the requirements, fill out our online form to get the process started, and find out if you’ve been approved when you come in for an in-person meeting.

To learn more about how installment loans work in Mississippi, we have what you should know. When you come to us, we can walk you through the process, answer your questions, and offer other short-term loan alternatives you may want to consider.

Things To Know When Learning How Do Installment Loans Work

How do installment loans work in Mississippi? Installment loans allow you to borrow a certain amount of money when you have an emergency expense you cannot handle alone. You pay off that money in fixed increments – which we will talk more about during our in-person meeting.

The installment loan process at Mississippi Title Loans, Inc. only has four steps: double-check the requirements, fill out an online form, find out if you’ve been approved, and pay off your loan based on the terms we discuss during the meeting.

Double Check The Requirements

The first step for getting an installment loan is to make sure you fit the minimum requirements for the loan. To get this loan, you must be 18 years or older and have a valid government-issued ID, proof of income, and a checking account statement in your own name.

If you do not have all of these requirements, you cannot get an installment loan. For those who fit these requirements, you can qualify for up to $1,250 in signature installment loans in as little as 30 minutes, though you must follow the following steps too.

Fill Out Your Online Form For The Installment Loan

After confirming that you fit the required items for a signature installment loan, you need to fill out an online form on our website. This form is simply to fill out basic information such as your name and phone number.

After you fill out the online form, a Mississippi Title Loans, Inc. representative will call you to set up an appointment at a signature installment loan near me. It is at this appointment that you will need to bring your ID, recent pay stub, and checking account statement so we can determine if you qualify for approval.

Find Out If You’ve Been Approved

Next, we assess your information and determine if you qualify for approval. At your appointment, a representative will review your credit and items. Within a few minutes, we will determine if you’ve been approved. If you are, the representative will walk you through the final steps, including simple paperwork.

Once finished, you can get cash as fast as the same day or next bank business day. Even if you have bad credit, it’s still worthwhile to apply for an installment loan. Mississippi Title Loans, Inc. welcomes all credit types. Regardless, your credit will be checked before we can approve you.

Learn The Terms For Paying The Loan Back

The good thing about signature installment loans is you have more time than our payday loans or title loans to pay back. When you get approved for the loan, we will sit down with you and explain our payment process in detail. Be sure to ask all your questions during that time so you fully understand how the payment process works.

 

signature installment loan

 

Alternative Options To Consider

If you do not meet the requirements for an installment loan, you are not completely out of luck. Mississippi Title Loans, Inc. offers other alternatives you might want to consider. Title loans and payday loans are two alternatives that may be options for you if your installment loan plan falls through.

Title Loans

Title loans are given out when you use your vehicle’s title as collateral. The amount you can get is based on the value of your vehicle and you get to borrow money while owning your vehicle and paying off the loan. Title loans are good for individuals who need cash fast and have a vehicle title in their name.

Payday Loans

In a serious emergency, payday loans can help you get the cash you need fast when you are in between pay periods. How payday loans work is that you get approved for the loan and pay it off by your next payday. To qualify for a payday loan, you need your most recent pay stub and a checking account in your name.

Get Your Installment Loan Today To Help You Out

How do installment loans work in Mississippi? If you get approved for this loan, you pay it off in increments and you use it to handle emergency expenses. Remember, with this loan you can get approved to up to $1,250 to help you out.

If you do not meet the requirements for an installment loan, you can try a title or payday loan instead. Though all of these loans are similar, they come with different requirements, which can help you figure out the best short-term loan for your needs.

Whether you choose our installment loans, payday loans, or title loans, just fill out an online form and talk to a representative to begin the process today.