Own Your Car? Here’s How To Use It To Get Financial Relief

July 24, 2020 | Emma Frost

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Sometimes we go through situations that drain our money. Whether it is a medical emergency or your home needing a major repair, your money can suffer a lot. When that happens, that means we need financial relief and we need it quickly. If the only thing you have is a car in your name then you are actually in luck. Why? Well, because you can use that car to get the financial relief you need. If you are confused about what I am talking about, its simple. I am talking about title loans in Mississippi. By using your car’s title as collateral, you can get the emergency cash you need for the financial relief you want.

What Is A Title Loan?

A title loan is a loan you receive when you put up your vehicle for collateral. When you do put up your vehicle’s title as collateral, you can qualify for up to $2,500 to use when you are facing your worst financial emergencies. While this loan isn’t designed to permanently fix your finances, it can still provide you with some ease of your stress when it comes to your money. These loans differ from traditional loans in multiple ways in Mississippi. One way we differ is we welcome all types of credit to come in and apply. Obviously, your application needs to be approved before you sit down with us and do the paperwork; but if you suffer with bad credit or even no credit, that won’t prevent you from applying and possibly qualifying.

Another way we differ is our process is quick. We don’t make you go through a ton of paperwork or sit with us for hours and barely understanding anything. We have knowledgeable loan representatives in all of our stores around Mississippi just waiting to answer your questions and make this process quick and easy. Another thing you have to know is that, just because this loan is sometimes referred to as “car title loans,” that does not mean you need a car to get it. If you have any other type of vehicle in your name – like a truck, SUV, or even a motorcycle – then you can easily use it as collateral as well. You also don’t have to give up driving your vehicle while you are repaying your loan.

How Do You Use Title Loans?

While you can qualify for a pretty decent amount of money with a title loan, that doesn’t mean you can use that cash for whatever you want. A car title loan is meant to be used when you are going through an unexpected situation or emergency that you cannot handle on your own. An example of this would be if you or someone in your home lands in the hospital for a sickness or medical procedure. Those bills are through the roof and can be difficult to deal with. Even if you have medical insurance that still might not cover all the costs. When you are struggling with those bills, that is where your title loan can lend a hand. Another situation is if you forget to pay some bills and incur those pesky late fees. Or if a pipe suddenly bursts in your home and you need the money to get it fixed as soon as you possibly can. These are the kind of emergencies or unexpected situations that a title loan is meant to help out with; you should not pay off your debt using your title loan cash.

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How Do You Get A Vehicle Title Loan?

Like I said, getting a title loan from Mississippi Title Loans is easy and completely quick. It all starts with you filling out our online form. Once you fill out the form and submit it, you will receive a phone call from one of our loan reps who will tell you what you have to do next and what to bring in with you. They will also answer any questions you may have. Then, after the call, you can make your way to the nearest Mississippi location to you and finish up some paperwork. We do require you to bring in three items in order to finish the process. Those three items are:

  • Your driver’s license or state issued ID that proves you are 18 or older.
  • Your lien-free vehicle title that is in your name. Lien-free means your title is free of prior loans and judgements.
  • Your vehicle that matches the title. While you are here a loan rep will do a quick inspection on your vehicle to determine how much you qualify for.

Turn Your Vehicle Into Title Loan Cash, Today

There you have it. You can turn your vehicle – your car, SUV, truck, or motorcycle – into the cash you need while still driving it around. We make sure our process is easy because we want to make sure you understand everything before you agree to anything. So, when you come to see us, be sure to ask all your questions so you can get all the information you need. In 30 minutes or less you can be on your way with the fast loan cash you need. So if your vehicle is in your name, you could be on your way to getting the emergency money you need to help in the worst situations.