Should I Get Payday Loans Or Title Loans In Natchez, MS?

March 15, 2022 | June Mckaig

Natchez, MS title loans or payday loans

 

Are you looking for a loan in Natchez, MS? Either Natchez, MS title loans or Natchez, MS payday loans from us at Mississippi Title Loans, Inc. just might be the answer to your financial problems. Depending on how much money you need and the application requirements you can meet, you can get approved for a loan today and receive your funds in no time.

How To Choose Between Natchez, MS Payday Loans Or Title Loans

If you are not sure which loan is for you, knowing the differences between each can help you decide. For example, not everyone can apply for a Mississippi title loan. To apply for Natchez, MS title loans, an applicant must be the owner of a fully paid off vehicle and have the title in their name to use as collateral.

On the other hand, Natchez, MS payday loans do not require any collateral for you to apply. Instead, these loans require that you have a source of income and the appropriate documents to prove your income. Without it, you won’t be able to apply. Below is a list of required documents needed to apply for each type of loan.

Required Items For Natchez, MS Title Loans

Different loans require different documents to be provided to a lender for a successful and easy-going application process. When it comes to our auto title loans, we don’t have too many required items for you to bring in. When applying for title loans, you will need to provide the following documents:

  • Driver’s license or state-issued ID. The name on the driver’s license or ID must match the name of the person that is applying. The driver’s license or ID must also prove that the applicant is 18 years or older. Minors cannot apply for this loan.
  • Lien-free title to the vehicle. Title loans require that the applicant temporarily hand over the title to the vehicle that they are using to secure the loan. The title must be under the applicant’s name and cannot have any outstanding liens or judgments on it.
  • The vehicle available for a quick inspection. The condition of the applicant’s vehicle along with the make, model, and year of the vehicle will help us determine the value of the vehicle and what loan amount the applicant can qualify for.

Required Items For Natchez, MS Payday Loans

What you need to apply for a quick payday loan differs significantly from a title loan with us. If you can provide the following documents to your nearest Mississippi Title Loans, Inc., then you will be able to apply for this type of loan with ease. These are the following items you need to bring in:

  • Driver’s license or state-issued ID. As with a title loan, the applicant will need to provide identification that proves they are old enough to apply, with the applicant’s name matching the name on the other required documents.
  • The applicant’s most recent pay stub. This will act as the proof of income to help us determine how much the applicant could qualify for. This is because the loan acts as a bridge between pay periods or as a payday advancement.
  • A blank check from an active checking account. The checking account that this blank check comes from has to be open and in the applicant’s name. We will go into more detail during the in-person meeting to discuss the use of this blank check.

 

title loans and payday loans

 

How Much Do You Need For Your Emergency Expense?

Knowing what required documents are needed for each loan can certainly help you decide which to apply for. After all, if you can’t provide the required documents then you won’t be able to apply. If you can meet the requirements for both, then you can further narrow down your options by knowing exactly how much it is you need to borrow.

Natchez MS Title Loan VS Natchez Payday Loan Amount

Natchez, MS title loans are based on the value of your car. As such, you could qualify for a larger sum of money depending on the condition of your vehicle. Whereas with Natchez, MS payday loans, the amount you qualify for is based on a percentage of your paycheck for smaller amounts.

Where To Get A Payday Or Title Loan

Finding the right lender can also help you narrow down which loan is right for you. With Mississippi Title Loans, Inc. you can explore your options to find out which loan meets your needs. You can either visit one of our many quick loan Natchez, MS locations – or elsewhere in Mississippi – or give us a call. You can also go on our website and fill out the form.

Whether you apply for a title loan or payday loan, you will find that we here at Mississippi Title Loans, Inc. provide quick and efficient services. You’ll know whether you are approved for a loan in as little as 30 minutes and receive your funds the same day or the following business day.

For those applying for Natchez, MS title loans, we will even make it as convenient as possible and send a vehicle inspector to you! We here at Mississippi Title Loans, Inc. can provide the qualified applicants between $100 to $400 in payday loans, and between $300 to $2,500 in title loans!

Inquire About Our Loans Today

Now that you know the differences between our loans, you can decide which one can help. Find out which loan – either Natchez, MS title loans or Natchez, MS payday loans – is right for you and inquire today with your local Mississippi Title Loan, Inc. provider. Fill out the online form for either loan to get started!

 

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