Looking For A Title Loan In Mississippi? Here's What You Should Know

Circumstances can arise when you don’t have the money to cover your daily expenses or an urgent cost. This can stress you out, as you may not know how you’re going to afford these expenses. However, you do have the option to borrow money fast by getting approved for quick title loans.

In this guide from Mississippi Title Loans, Inc., we will go over everything you need to know about title loans in Mississippi. This includes title loan requirements, how much money you can borrow, what the approval process entails, and who can get approved for his type of emergency cash loan.

7 Things You Should Know About Getting Title Loans In Mississippi

A vehicle title loan is a great way to get quick cash for financial emergencies and situations where time is of the essence. If you’re looking for title loan options, you should understand some of the essential facets of this type of quick cash loan to inform your borrowing decision better.

The following are some of the critical details to understand about getting title loans in Mississippi:

1. Title Loans Require Collateral

One of the first things you should realize before getting title loans in Mississippi is that you need collateral for this type of loan. It is a secured loan that requires borrowers to have a lien-free car title to get approved.

A lien-free vehicle title has no outstanding liens, debts, or judgments. That means your car is fully paid off and has no debts. You only get approved for a Mississippi title loan if you have a clear car title. Make sure your car is fully paid off before seeking a vehicle title loan.

The vehicle title must also be in your name, as you cannot use someone else’s title to get approved for a car title loan. If you have a vehicle title in someone else’s name, you can head to a DMV office to get the name on the title changed.

2. You Can Get Approved For Up To $2,500

At Mississippi Title Loans, Inc., we allow borrowers to get approved for up to $2,500 in emergency funds. Our quick title loans can provide enough cash to pay for small and large expenses that you cannot afford.

However, not everyone will get approved for the maximum value of $2,500. The value of your title loan will depend on the value of your car. During an in-person meeting, one of our loan representatives will assess the value of your vehicle based on its age, make, model, condition, and mileage.

The higher your car's value, the more you can borrow. It’s important to understand that you should only borrow as much money as you need. Borrowing more than you need can unnecessarily complicate title loan repayment, so only borrow what is absolutely necessary.

3. Title Loan Requirements Are Simple

Thankfully for those who need emergency cash fast, car title loans in Mississippi have simple requirements. Unlike traditional bank loans, you do not need tons of documents that can be hard to find to get approved. At Mississippi Title Loans, Inc., we only require borrowers to have a few items.

The following are the title loan requirements at Mississippi Title Loans, Inc.:

• Driver’s license: This will verify your identity and prove that you’re over 18 years old. Borrowers who do not have a driver’s license can use any state-issued ID card.
• Lien-free car title: This proves that you own a car title without outstanding liens or judgments. We will place a lien on this title to process the title loan. Remember, the car title must be in your name.
• Your vehicle: Our loan rep will assess the value of your car during a quick inspection to determine how much money you can borrow with an auto title loan.

Borrowers who want to get their money quickly should prepare these items before starting the title loan application process. Getting them ready ahead of time can help to speed up the process.

4. Mississippi Title Loans Offer Quick Access To Funds

Those facing a financial emergency need to make their emergency money quickly to avoid missing a payment or experiencing late fees, service disruptions, or eviction. That’s why car title loans in Mississippi can help, as borrowers can get quick access to funds.

At Mississippi Title Loans, Inc., we allow borrowers to get approved the same day they apply. We also use direct deposit. That means why directly provide funds to your checking account, allowing you to receive your title loan cash the same day or the next business day.

5. All Credit Types Are Accepted

Mississippi borrowers can also get quick title loans regardless of their credit score. We do not require borrowers to prove they have good credit to get approved for our Mississippi title loans because the loan is secured with high-value collateral.

We will not conduct hard credit inquiries to ensure you have good credit. As long as you meet the requirements mentioned above, you can get approved for our title loans with bad credit or no credit at all.

6. The Pros And Cons Of Title Loans In Mississippi

Borrowers need to understand the pros and cons of title loans before borrowing. Some of the benefits of title loans include quick access to cash, simple requirements, an easy approval process, and no credit requirement.

However, there are some disadvantages for borrowers. For example, you must have fully paid off your car to get approved, which can be difficult for some. Interest rates can also increase the price of your repayment depending on how long it takes to pay back the title loan.

7. The Easy Application Process For Auto Title Loans

The process for getting approved for title loans in Mississippi is simple and can take less than a day. This can help borrowers in urgent need of financial help, as they can complete the approval process and get their funds quickly to handle their urgent costs.

The following are the steps in the title loan application process:

• Submit your basic information through our online contact form. This can include your name, contact information, zip code, and vehicle details. A loan representative near you will receive your information and give you a call.
• During the phone conversation, they will go over your info and answer any title loan questions you have. You will also get to choose a meeting location convenient for you, such as your home, office, or a Mississippi title loan store location.
• Bring your required items to the in-person meeting, and the loan rep will verify you have everything you need. They will also inspect your vehicle to determine how much you can borrow.
• If you get approved, you can sign loan documents to finish the process. You get to keep your car and can get your emergency funds the same day or the next business day.

Apply For Title Loans In Mississippi – Get Approved For Up To $2,500 Today!

Getting a vehicle title loan is easy with Mississippi Title Loans, Inc. because of our simple requirements and approval process. You can get instant approval title loans for a quick solution to your urgent financial needs. You can get approved for up to $2,500 today after just a few quick steps!

If you need quick title loans today, fill out our online inquiry form to get started. Our loan associates will guide you through the title loan application process and explain everything you need to know!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.