The 3 Types Of Holiday Loans People Are Borrowing This Season
December 16, 2021 | June Mckaig
Since it’s easy to overspend during the holiday season, it typically becomes a time when you become very aware of your financial state. All of those gifts, parties, and travel expenses add up and are magnified if you also happen to be dealing with a pressing financial emergency at the same time.
Thankfully, there are several different types of holiday loans available from Mississippi Title Loans, Inc. for those who qualify. Title loans, payday loans, and installment loans are all designed to provide relief to short-term financial emergencies such as hospital bills, unexpected travel costs, and pressing home and auto repairs.
All are fast — often taking as little as 30 minutes — and easy to qualify for. And we allow you to start most of the process online. Here’s a closer look at these types of holiday loans many people are taking advantage of this season.
Learn About The Three Types Of Holiday Loans
1. Title Loans
Potentially the most impactful of holidays loans, title loans use your vehicle’s title as collateral, but you can keep and drive your car for the duration of the loan. Title loans usually provide the highest amount of cash for those who qualify for our three loans.
At Mississippi Title Loans, Inc., title loans are offered between $300 and $2,500 – which we base on the condition and value of your vehicle. In addition to being at least 18 years old, you just need a state-issued I.D. or driver’s license, a lien-free title to your vehicle in your name, and your vehicle for inspection to qualify.
Lien-free means you own your car outright and there are no outstanding judgments or loans against it. Your vehicle will also undergo a quick inspection to determine how much of a title loan you may qualify for.
To start the process for car title loans Mississippi, just go online to our homepage. You’ll fill out a small form on the website and provide some basic personal information that we can use to get in contact with you. Once you submit, one of our loan representatives will call you to set up a meeting and go over the required materials.
You can either come to the Mississippi Title Loans, Inc. location of your choice or we can come to you to continue the process. After the quick inspection and we assess your information, we will determine if you qualify for approval. If you do, you will get the amount your qualify for the same day or the next bank business day.
2. Payday Loans
Another of our holiday loans that are pretty straightforward is payday loans. An option for those looking for financial help between paychecks, we offer Mississippi payday loans online between $100 and $400. The requirements at Mississippi Title Loans, Inc. also make it easy to qualify.
In addition to the government-issued I.D. and being at least 18 years old, you’ll need a blank check from an active checking account in your name and your most recent pay stub. You also have the option to start the process online.
After the call from one of our loan representatives, bring the required items to a store location closest to you where your materials will be verified. If you are approved, you’ll complete a bit of simple paperwork and you will receive the cash the very same day or the next bank business day as well.
3. Installment Loans
The third kind of holiday loans we offer at Mississippi Title Loans, Inc. is installment loans. Our signature installment loans are available for up to $1,250 for those who qualify. They get their name from the set payment periods — installments — that must be followed after you get your loan.
The required items for installment loans qualification are very similar to payday loans with us. You’ll need a government-issued photo I.D., proof of income in the form of your most recent pay stub, a checking account statement in your name, and you need to be at least 18 years old. For signature installment loans, you can also start online with the form on our website.
Like the other holiday loans, one of our representatives from the Mississippi Title Loans, Inc. location nearest you will give you a call to discuss the loan and answer any questions you may have. Next, bring the required items to the location the representative called you from.
From there, the representative will walk you through the final installment loan steps and paperwork. And like the other loans, if you qualify for an installment loan, you will receive the cash the very same day or the next bank business day.
Do not worry about your credit score or credit history when pursuing holiday loans at Mississippi Title Loans, Inc. either. Whether you’re looking for a title loan, payday loan, or installment loan, we can consider those with all forms of credit to pursue a loan for us. Just keep in mind we will check your credit for payday loans and installment loans.
Get Started Today
This time of year can be particularly hard for those coping with a financial emergency. Title loans, installment loans, and payday loans offer options to get back on your feet fast. Come to Mississippi Title Loans, Inc. for the help you need. Give us a call or simply go online today to qualify for a fast and easy loan this holiday season.