car used for a title loan

How Title Loans Can Provide Financial Relief

Most everyone owning large valuable items, such as property, is aware of ways to borrow off them. Most homeowners know about equity loans for big projects like a kitchen or living-room remodel.

However, too often those owning a car are unaware of how they could gain financial relief with a title loan using a vehicle as collateral.

If you foresee a financial hurdle coming, you should first decide which type of loan you really need. Car title loans can be the fastest way to get cash quickly, to help bridge a specific gap or meet a pressing need — and avoid the temptation to pull more than you need and extend your mortgage.

Whereas a big loan using your home as collateral is nice for large improvement projects, a car title loan should be treated differently. This loan should be considered for essentials like paying medical bills, major home or auto repairs, or unanticipated yet necessary travel. Here’s a look at how title loans can provide financial relief.

An Easy Option for Immediate Financial Challenges

Benefits of A Title Loan

If you own a vehicle or a high-end motorcycle, you have an advantage over those who don’t in terms of surviving the holidays financially. Car title loans can be fast and relatively easy to secure, with flexible payment plans available to spread the pain over time and ease anxiety through the start of the new year.

A car title loan is simply a loan using a vehicle you own as collateral. It works like loans against the deed of an owned home – but for lower amounts generally aimed at emergencies such as low cash flow post-holidays.

The pros of auto title loans are significant. First, title loans are approved much faster than other major loan types such as equity loans. There is less procedure to follow, and after providing vehicle ownership documents and an inspection of your car or motorcycle to estimate value, you can have cash within a half-hour – if we can approve you.

Second, you don’t have to worry about your credit score at all. Mississippi Title Loans will not turn you down just based on whether your credit score is good, bad, or you have yet to establish one.

Finally if you approved, you could qualify for anything between $300 - $2,500 to help with emergencies. another added advantage is that once approved, you get the money and also get to keep your car. A title loan does not disrupt your use of the vehicle; its title merely serves as collateral for the loan. As long as you stick to the repayment schedule, you can keep your vehicle.

Processing is Fast With MS Title Loans

The process to sign up for a title loan is not overly complicated. First, go online and fill out our form; you have the option of visiting an office but it is not required. The final submitted form is forwarded to a location nearest you, and a loan associate will call to assist.

When he or she does call you can choose to have Mississippi Title Loans come to you wherever you wish to meet or to come visit one of its stores for a sit-down.

The loan associate will work with you to review and submit information needed like a state-issued driver’s license or state-issued ID, the vehicle’s lien-free title in your name, and the vehicle in question. Then there will be a perfunctory vehicle inspection to determine its value and condition to help determine how much money you can qualify for.

If your title loan application is approved, you’ll review the loan terms with the loan associate, sign, and get money in as little as 30 minutes or the next bank business day.

Type in “title loans near me” into an online search engine box for more information. You might learn that vehicle title loans are more aimed at covering a specific upcoming need, and not for “wants” like paying off credit card debt or for distant travel.


man got financial relief with a title loan


About Mississippi Title Loans

Mississippi Title Loans provides you with multiple convenient locations throughout the state and region. Our stores are staffed by courteous, trained store associates committed to respectful, straightforward customer service.

If you do not own a vehicle, you can also look into payday loans for $100 - $400 or installment loans for $1,250 at Mississippi Title Loans!

Vehicle title loans are superb to meet an immediate need such as covering increased expenses to handle unexpected situations over the holiday season or planning for an upcoming necessary surgery or hospital stay. They are easy to engage and the payout is typically much faster than a standard loan based on a realty property. Car title loans provide financial relief in a timely manner, easing anxiety over future financial obligations.


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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.