Why It's So Easy To Get Title Loans In Columbia, MS

You may not have realized that title loans in Columbia, MS, can be helpful when you’re struggling to make ends meet. Here’s a comprehensive overview of title loans, how they work, and why it’s super easy to get one.

Title loans use your vehicle title as collateral to secure the loan. They’re simple to obtain because you don’t need excellent credit; as long as you own your vehicle outright, you’re in a good position to seek the emergency financial help you need with easy title loans.

At Mississippi Title Loans, Inc., we make the process of getting money during an emergency easier than ever. In this article, we’ll dive into the car title loan process of obtaining one of our loans, including how to inquire right here on our website. 

What Are Title Loans And How Do They Work?

Before we dive into the ‘how,’ it’s worth talking about the ‘what’ and the ‘why.’ Title loans are a borrowing opportunity designed for emergencies only, not for starting a business or funding an expensive lifestyle. If you’re running behind on your bills, need to cover an urgent repair, or have other unplanned expenses, they can help.

When you take out title loans in Columbia, MS, your car’s title is used as collateral, and the lender places a lien against it to secure their interest. You reclaim the title and remove the lien when it’s paid in full.

Requirements For Getting Title Loans In Columbia, MS

Before you seek a title loan, you should first understand what’s required of you:

• Your ID
• Your lien-free title
• Your car itself

Valid State-Issued Photo ID

Your ID must include your photo and be government-issued to qualify for a title loan in Columbia, MS. A driver’s license is the most common form of ID we see, but you can also use a non-driver’s license, military ID, student ID, or passport.

Lien-Free Title

To qualify for a loan, your car title must be lien-free. Liens are claims against your car’s value and are issued by entities to ensure you pay what you owe.

A dealership, for example, usually places a lien against a new car when you buy it, which is removed once you’ve finished making payments. A loan works similarly. If there’s a lien on a vehicle, it technically means that the lienholder owns it, giving you no capability to use it as collateral. Please ensure you’ve paid off your lienholder (if applicable) before you initiate the application process.

The Car Itself

You must meet in person with one of our representatives during the application process. Doing so is the best way to ensure your title matches your car and to determine the condition of the car, which greatly influences the amount you qualify for.

The Step-by-Step Application Car Title Loan Process

The actual process of getting a title loan in Columbia, MS, is simple through our company and involves a process of inquiry, inspection, and approval.

1. Inquiry

First, you’ll head to the top of this page and complete the inquiry form we’ve provided, which includes info about your car’s make, model, and year. This helps us determine what you may qualify for right off the bat. Once you’ve finished, a representative will call you soon to confirm your info and outline the next steps.

2. Vehicle Inspection

On the phone, you’ll set up a meeting at a location you choose (That’s right; we come to you!) so that one of our associates can inspect your car in person. Be sure you bring along the required items listed above. To recap, you’ll need your car, your lien-free car title, and your state-issued photo ID. The inspection takes as little as 5 minutes, and once it’s done, you can move right along to the easy approval process.

3. Title Loan Approval

If everything checks out, you may be approved to receive a loan up to $15,000, which goes straight into your bank account the same day you’re approved or the next, to be used as you see fit. Of course, we recommend only using it for emergencies.

You’ll then continue to make payments toward the loan in monthly increments, usually throughout a couple of years. Be sure to consult with one of our helpful representatives so that you understand your obligations when it comes to repaying the loan.

The Benefits vs. Risks: Getting Quick Cash Loans Using Your Vehicle Title

Like other quick cash loans from lenders offering emergency financial help, there are some benefits but also some risks. When applying for title loans, you may find that, unlike traditional banks or credit unions, you do not need good credit to qualify. In fact, with our loans, all credit is welcome, even a bad credit score, but you will most likely have a higher interest rate.

Pros: Quick access to cash, no need for perfect credit, and as long as you keep to the agreed-upon payment schedule, you can keep and drive your car while you make repayment on your loan.

Cons: Risk of repossession if you default on the loan agreement, and higher interest rates compared to traditional loans.

Get Started Today With Mississippi Title Loans, Inc.!

If you’re facing unexpected expenses and need financial help, Mississippi Title Loans, Inc. can provide the support you need. We offer easy title loans in Columbia, MS, that you can rely on for short-term leverage while you sort out your financial situation.

Emergencies don’t wait around, and neither should you. If you’d like to hear more about quick emergency financial help with our loan options, feel free to give us a call. Ready to see what you qualify for? Fill out our online inquiry form 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.