What Loans Can I Get In Mississippi?

There are many different loans in Mississippi and each one can be helpful for its own purpose. Some of the main types of loans in Mississippi include title loans, payday loans, and installment loans.

But the process of obtaining the loan can differ from one loan to the next. Some loan types are secured (which means that an asset that you own has to be used as collateral), while others are unsecured (these require no collateral).

In any case, loans can make the life of the borrower a lot easier by providing the cash that he or she needs to deal with an emergency or an unexpected life situation.

3 Type of Loans In Mississippi

Title Loans

A car title is a legal document that proves ownership of the vehicle. A title loan is a short-term loan that uses your vehicle’s title as collateral. You can expect to get up to 50% of your car’s value.

To get approved, you would typically have to bring your car, the title of that car, and your ID to the lender.

Bear in mind that the majority of lenders would require a title that is not only clear but also has your name on it. 

Who Are Title Loans for?

Title loans are an option for people who own their vehicle outright. If you have already paid off your car and your title is clear, you can apply for such a loan and receive the sum that you need in the shortest timeframe.

Payday Loans

A payday loan is also a short-term loan, usually for sums up to $500. The reason the loan is named as such is that the borrower, in the majority of cases, is able or asked to repay the loan with his or her next paycheck.

Lenders that offer payday loans would typically ask for proof of income and your checking account information.

Who Are Payday Loans for?

This way of borrowing money is preferred by people who have non-existent or far-from-perfect credit. It is also an option for those, who do not have a valuable asset (such as a car or a house, for example), but they can provide proof of income.

Installment Loans

With an installment loan, you’ll immediately receive the whole sum that you’re borrowing and you would have to give it back in regularly scheduled payments (those are also called ‘installments’).

Auto loans, student loans, mortgages, and personal loans – are examples of installment loans.

Signature installment loans are unsecured. This means that they do not require any form of collateral. All you would have to do is promise the lender that you’re going to return the money and then sign the necessary documents. The lender, however, might ask you to show proof of income.

Who Are Installment Loans for?

Those who do not own a car or any other valuable asset can apply for an installment loan.

Where To Get Loans In Mississippi?

Finding a reputable lender can be challenging. Thankfully, there is a convenient way for you to get the loan that you need.

Mississippi Title Loans, Inc. offers title loans, signature installment loans, and payday loans in the beautiful magnolia state.

With this company, you might get $300-$2,500 for a title loan, $100-$400 for a payday loan, and up to $1,250 for a signature installment loan. There are 28 store locations across the state for you to choose from (that is in case a store visit is required).

Benefits Of Getting Loans In Mississippi

There are quite a few benefits to working with this trustworthy lender in Mississippi:

• The whole loan process can take literally 30 minutes.
• Amazing credit is not required. This means that you might qualify for the type of loan that you find to be the most convenient even if your credit is not ideal.
• If all your documents are right and you get approved, then you’ll be able to receive the sum that you need in the shortest timeframe. In fact, clients can usually get their hands on installment loan money on the very same day they apply.
• If you’re going for a title loan, you wouldn’t have to drive to the store. The company representative can arrive at a location of your choice.
• Last but definitely not least, you will be provided with superb customer service.

Get Your Loan In Mississippi Today!

If you’re looking for loans in Mississippi, then you might want to consider Mississippi Title Loans, Inc. This company offers payday loans, title loans, and signature installment loans. The chances are high that one of these types will be the right fit for you.

All you would have to do to get started is complete a short form online or call the store directly. Don’t miss your chance to receive the cash that you urgently need – take your first step 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.