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 a title loan.

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 process of getting one of our loans, including how you can inquire right here from our website!

Title Loans: A Quick Overview

Before we dive into the ‘how,’ it’s worth talking about the ‘what’ and the ‘why.’ Title loans are a borrowing opportunity designed for emergency situations only, not for starting businesses or funding expensive lifestyles. 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.

How to Get Started

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

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

ID

Your ID proves who you are, and to qualify for title loans in Columbia, MS, it must have your photo and be issued by the government. 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

Your car title must be lien-free in order to take out a loan. 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.

Your 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 Application 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. 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. 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 over the course of 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.

Get Started Today!

If life’s left you reeling with an emergency you can’t handle out of pocket, then Mississippi Title Loans, Inc. may be able to help you. We offer 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 our loan options, feel free to give us a call. Ready to see what you qualify for? Fill out our online 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.