loan without bank account

Where Can I Get A Loan Without A Bank Account?

There are currently people living in Mississippi who don’t have a bank account. So, the question of "Where can I get a loan without a bank account?" is a valid one. The latest figures show that 12.8 percent of Mississippians don't have bank accounts. 

Mississippi and Louisiana both have more than 10 percent of their population living without bank accounts. They are the only two states in the country with that high of a percentage. It is possible though to acquire a loan without a bank account, you just have to know where to look.

Living Without A Bank Account

Bank accounts can be important to your financial well-being. Most banks require some account history to even look at you for a loan. Even with an account, many people are turned away from loans even by their own bank. 

Many employers also pay by direct deposit these days, so you need an account for that. Others pay by check and it's cheaper to deposit a check than to cash it because you will need to pay fees. 

However, getting a bank account is a process and you have to be approved for one. There are many reasons people can't get a bank account. These include:

  • Not long enough on the job.
  • Too new to the area.
  • Don't have the necessary documents available.
  • Have a lingering problem with a previous bank account. 

These are all things that can prohibit many good people from having a bank account and that limits them in other ways, including getting a loan. The problem is sometimes you need some cash to fund an emergency like a medical expense or home repair. While you may not know what to do there are other options.


Loan Alternatives To Those Without Bank Accounts

Where can I get a loan without a bank account?  The one alternative you have when you don't have a bank account is a title loan. Your vehicle, if it's paid off, is an asset that you can use to leverage for a loan. Today, it's easier than ever to find out about these types of loans by using the online title loan process.

Different companies have various guidelines about title loans and how much they can offer in a loan. Even so, having a significant asset like a car or truck can help you in a time when costs are rising, and more people are demanding to be paid upfront for things like a vehicle or home repair.

A simple home repair can easily cost $1,000 and something like new tires can cost $400 at best. These are things that typically can't be delayed as safety could be at risk.

Getting An Online Title Loan In Mississippi

Where can I get a loan without a bank account?  A company you would want to talk to about title loans in this state is Mississippi Title Loans, Inc. We offer other loan products such as payday loans and installment loans too, but those require bank accounts. A title loan doesn't.

The Requirements

The requirements to apply for a title loan with us are a vehicle with a clear title and identification with a picture like a driver's license or state-issued id. You must also be at least 18 to apply. 

You will need both your vehicle and your title when you apply. Also, the title must be in your name. 
Those seeking a title loan from this company can apply both in the store or online and that makes it convenient for those on a tight schedule. 

The Application Process

Getting a title loan with this company starts with submitting an online form expressing interest in knowing more. A nearby loan representative will call you to answer your questions and make an appointment to see your vehicle and give you an application. 

One of the nicest things about Mississippi Title Loans, Inc. is our representatives can meet you anywhere you choose rather than you having to come to the store. As long as you have your documents and your vehicle, our rep can meet with you to get your application. 


How Quickly Can You Get The Loan?

The process is fast and can sometimes be done as quickly as half an hour. They will look at your vehicle to determine how much of a loan you are eligible to receive. We offer title loans from $300 to $2,500.

If you are approved, you can get your cash either the same day or the next day. 

This type of loan has an advantage in that those with no credit or bad credit can apply. You can keep your vehicle while you repay the loan. Your credit isn't affected by this type of loan either. 

Ask About It

Where can I get a loan without a bank account? Mississippi Title Loans, Inc. can work with you. The online title loan process begins with submitting an inquiry form. It doesn't require that you take the loan or that you give a lot of personal information. A title loan from us may suit your needs so inquire 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.