What’s So Special About Title Loans?
March 15, 2020 | Mason Roberts
Turning your car into title cash may seem like any other loan but comes with some special benefits you won’t find elsewhere. But what exactly are title loans and what makes them unique compared to other types like a payday loan? A title loan is a form of short-term loan that uses your vehicle as collateral. This means that lenders only require a couple of pieces of information to approve your funds. Rather than requiring a long credit history, multiple documents proving income and consistent payments, or even a bank account. If you were to try to apply for a payday loan online, then you would almost certainly be required to have an active bank account. Besides being easier to apply and get approval for, title loans:
- Do not require high credit scores
- You can get funds same-day as approval
- Only requires three things to apply for
Get Approval with a Low Credit Score
If you are looking for quick loans in Mississippi, then a title loan is probably the most accessible, if you own your vehicle. Other longer-term loans require longer approval times as lenders verify additional information. The most significant of which is usually your credit score. If you have a low credit score or a lack of credit history, you may be denied on the spot. You can get cash for your title in your city or nearby today instead of wasting your time.
Get Your Funds as Soon as Same-day of Approval
If you do not have the time to wait for a credit card application or other forms of credit, then an online title loan can help. At Mississippi Title Loans, Inc., most loans approved before 12 p.m. result in borrowers getting their funds the same day. If you want cash in your hands as soon as possible, you can also visit your nearest store. In as little as 30 minutes, you can be driving off hassle-free with the funds you need.
Only Requires three things for Application
You do not need to spend time scouring for half a dozen documents to get approval for title loans online. Instead, you only need the vehicle, the lien-free title, and a valid photo I.D. If you are curious about what is considered a valid I.D., then you can contact your nearest loan place near you today. You can click here to find some of our convenient vehicle title loan locations close to you.
How Much Money Can I get with a Title Loan Online?
While you can only receive a couple hundred with payday loans in Mississippi, you can up to $2,500 for a title. Depending on your vehicle’s worth, you can receive multiple times the amount you would with a payday loan. The higher amount of funds can help more with emergencies like hospital bills which can easily be more than a thousand dollars without insurance.
At Mississippi Title Loans, Inc., borrowers can get the best in competitive loan products and support. You can start your application to get a payday, title, or signature installment loan today and get the cash you need.