man needs a loan to fix a hot water heater

Hot Water Heater Broke? How A Title, Payday, Or Installment Loan Could Help

When it comes to emergencies, like a broken water heater, you can’t always put them aside until you have the right amount of cash; some emergencies require you to handle them right away whether you have the money or not. We all know how stressful that can be because we can’t possibly go about our lives without resolving these issues. That is where Mississippi Title Loans can help. Our title loans, payday loans, and signature installment loans can really help ease the burden of a sudden emergency that you need to handle right away. And understanding how these three loans work is simple to grasp.

What Is A Title Loan?

A title loan is a loan you can get when you use your vehicle’s title as collateral. If you have a vehicle that is in your name and free of prior loans, you can possibly use it to get yourself anything between $300 and $2,500 to deal with emergencies that need your immediate attention – like your water heater breaking down on you. This loan is designed to not be a permanent fix to your finances; so you definitely shouldn’t be using it to get out of debt. Instead, this loan is specifically to help ease the burden on emergencies that suddenly present themselves that you cannot handle on your own. Whether it is damage to an appliance in your home or a medical emergency, these type of situations are what title loans are made to help you with.

What Is A Payday Loan?

A payday loan is a loan that is designed to bridge the gap between paychecks. With a payday loan, you could get between $100 and $400 to help you until you get your next paycheck from work. This loan, like title loans, is designed to help you in the short term. So when you forget to pay your bills or have missed hours at work and have a paycheck that is less than what you need, a payday loan will help you out. This loan is also a good choice if you do not own a vehicle solely in your name. One thing to note is you have to pay back your payday loan once your next paycheck comes in.

What Is A Signature Installment Loan?

A signature installment loan is a loan you can get if you don’t own a vehicle for a title loan and if you need a little more time paying the loan back – instead of paying back your payday loan in two weeks. This loan allows you to pay it back by the end of the month – so you still have a little more time to deal with your emergencies and pay back your loan. With this loan, you can qualify for up to $1,250 to deal with small emergencies that pop up out of nowhere. Just like the other two loans, this one is also meant for just emergencies and not to pay off your debt.

How Do I Get Either Three Loans?

Getting either three of our loans is simple. You can either call us or just fill out our online form to let us know which loan you are interested in. Once the form is submitted, you will receive a phone call from one of our loan reps to confirm your information and let you know what to bring in. After the phone call, you can make your way to one of our locations in Mississippi and finish the process. For a title loan, we will be conducting a vehicle inspection to figure out how much you qualify for. For the other two loans, we will be conducting a quick credit check. Then for either three loans, there is some quick paperwork you have to fill out and then, if you are approved, you will be on your way with however much you qualify for.

What Do I Bring In For Title Loans?

If you are looking into title loans in Jackson, MS, then there are a few necessary items you have to bring in with you to finish the process. We don’t make you bring in a ton of items, but we do require three. Those three necessary items are:

  • Your state-issued photo ID that states you are 18 or older.
  • Your lien-free vehicle title that is in your name. Lien-free means your title is free of any prior loans and judgments.
  • Your vehicle that matches your title for a vehicle inspection. This inspection lets us know how much money you qualify for.

What Do I Bring In For The Other Two Loans?

When it comes to the other two loans in Mississippi – payday or signature installment loans – the necessary items are different. But just like title loans, we only require you to bring in three items; nothing too crazy or hard to gather. These items are simple to collect and bring with you when you are ready for either one of these loans. Those three items are:

  • Your driver’s license or state-issued photo ID that states you are 18 or over.
  • A blank check or a bank statement from an active checking account in your name.
  • Proof of income like your most recent pay stub.

title loans Jackson MS agreement

Take Care Of Your Emergencies, Today!

So as you can see whether it is a broken water heater or a medical emergency, one of our three loans can be the thing to help you out. Whether you check out “title loans Jackson, MS,” or "payday loans in Tupelo MS" or signature installment loans, you can find the financial help you need easily. No matter where you live in Mississippi, you will find one of our title loan stores with friendly and knowledgeable loan representatives ready to help you out. And with loan cash you can get in 30 minutes or less, these loans will prove to be a choice you have to consider when looking into financial assistance.

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.