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Times When Short-Term Loans Might be Right for You

Times When Short-Term Loans Might be Right for You

The term “loan” comes with some weight for many in the Millennial and Gen Z range because of the consequences of student loans. While most student loan lenders expect their borrowers to pay off their loans in ten years, most take double that time to pay off. With statistics like these revolving around student debt, it’s plain to see why so many young Americans have a hard time believing that loans can be anything but long-term. But loans did not always use to carry this connotation , and there are many today who do not take advantage of short-term loan options because of the connotation. Here are some instances in which a short-term loan in Kansas City might be right for you.

When Is the Right Time for a Short-Term Loan?

When you have a stable income but need a little extra boost

There are many people out there who want to purchase big items and might have the extra money to take on monthly payments on a loan but do not have the extra money to take on a full purchase. People in this scenario take out short-term loans on things like computers, textbooks, car improvements, home improvements, and personal events like weddings. Those who take out short-term loans for these reasons often have plenty saved up toward the item or event that they wish to purchase and have no problem paying off the loan in a short period of time.

In fact, these are why short-term loans in low amounts are often called payday loans. This is because they are meant to “carry you over” in the times that you are short on cash.

When you’re looking to fund a big purchase for a small business

Small businesses are aware of the upfront costs that come with startups. For those who are not in business, the reality is that is not cheap to start any sort of mainstream business. For instance, the median cost to start up a restaurant is $275,000.These figures cannot be accomplished with the help of a short-term loan, and businesses know that. Often, this money goal is achieved with the help of investors, a bank loan, or just blood, sweat, and tears.

For those with established businesses, however, unexpected costs can come out of nowhere and during the worst times. If a small business needs a repair on a necessary element of their business but might not have all the money in their budget to fund this, this is when a short-term loan might come in handy.

When you do not have any willing investors to help you with a purchase

Then there are those with great ideas and no connections. Investors don’t just come out of thin air. Large businesses who are funded thousands of dollars and who obtain investors often know these people beforehand – and that is their collateral. It is harder for one-person ventures to find funding like this because they just don’t have the interpersonal collateral.

For smaller-scale entrepreneurs, there might be some worth in obtaining a short-term loan. Sometimes people have a big idea that they know will shake the world but don’t have the cash to make it happen. Short-term loans provide enough money without a credit check or bank application to fund smaller entrepreneurial purchases like materials to construct an invention, a down payment on a rental shop or airfare to pitch your invention to someone halfway across the country. In these cases, a short-term loan could be a huge return on investment down the line.

When you have collateral, like a car, that is worth a fair amount of money

Short-term loans are often perfect for those with less-than-average credit scores because they do not always require a credit score. Instead, loans like car title loans and payday loans ask for alternate pieces of collateral as payment terms. This allows you to borrow up to the estimated worth of your item and get you the cash that you need for whatever reason you might need it.

If you’ve got this type of collateral, make sure that you can make the payments on your loan. People are often tempted to take out loans on large purchases but neglect to consider a budget for your loan payments.

When crowdsourcing doesn’t work

Crowdsourcing platforms, like GoFundMe and Kickstarter have skyrocketed in the past decade. In fact, one study pointed out that 1 in 3 GoFundMe campaigns are focused on paying off medical care bills and a staggering $650 million dollars were raised on GoFundMe last year. These statistics make one thing very clear – that health care costs are much higher than they have been in the past and many people nationwide cannot afford the premiums associated with visiting a healthcare provider, causing them to need assistance with basic medical care. Healthcare aside, this also shows that millions more are being funneled into other personal ventures, like music albums, art projects, and trips around the world.

But sometimes, crowdsourcing is not the best answer for funding purchases that you can’t pay out of pocket. Crowdfunding is not a financially secure way to try and pay for more pressing things, like surgeries and medical bills because there is no guarantee that your campaign will ever reach its goal. In fact, statistics show that nearly 90% of those who try and raise money for a personal campaign do not ever meet their goal. In times when crowdsourcing doesn’t work, or in cases when it is very important for people to meet their fundraising goal, considering a short-term loan is a better route to go down.

There are many more reasons why you might need to take out a short-term loan, but in the end what it all comes down to is that each reason for needing monetary assistance is a personal reason and attempting to try something that lots of other people try, like GoFundMe campaigns, is not always the best answer. If you’re looking to fund your next purchase, consider a short-term loan in Midwest Title Loan’s Kansas City location. We will be able to help you determine the best financial path to take to get you to your goal.

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When is the Right Time to Get a Car Title Loan?

When is the Right Time to Get a Car Title Loan?

Unless you are fabulously wealthy, you’ve probably been in a situation where you’ve felt as though you had few financial options to work with. Broke, strapped for cash, or however you call it, being low on money can be extremely stressful for those who need to make payments. In fact, 80% of people in a current or recent financial crisis say that their financial status was the greatest cause of their stress. In cases where money is tight, and stress is high, taking out a car title loan can be a relief. As with all loans, car title loans do need to be repaid, however, there are fewer processes that the loan purchaser needs to go through, which can be a relief.

Is now the time for you to consider a car title loan?

Here are some scenarios that indicate it might be worth your while to speak to a lender about.

When you are looking to supplement your own money on a large purchase.

Car title loans aren’t just for people who aren’t well-off. People who are excellent financial planners also utilize car title loans to fund a large purchase that they might not have been able to complete otherwise. For instance, someone with an existing car that is lien-free might want to purchase a new car. The car could be theirs, but the down payment situation is less than favorable. They either don’t have enough to make a down payment, or the amount that they have will cause them to repay far more in the future. With a title loan on their existing car, they will be able to make a larger down payment on the car they’d like at the time that they want it. Then, when their current car’s loan payments are completed, they are free to sell the car for a greater ROI.

When you must make a large payment very soon and will not have the money by then.

Sometimes, big bills pop up. Last year, the CDC estimated that nearly 136.9 million people in the United States took a ride in an ambulance, and many of the people quoted in this statistic were repeat riders. Of those riders, those who had to be on basic life support only paid an average of $600 per ride. For those who needed advanced life support the average jumped up to $1000 and over. None of those riders were prepared to take an ambulance to the hospital, and probably many of them did not expect to be able to pay for the unexpected expense. This is only one type of unexpected expense, and millions of Americans experience one or more of these financial hardships each year.

When surprise expenses pop up in your life and you need the money quickly, title loans are excellent to take advantage of because they do not take the same application length as a non-title loan serviced through a bank or other financial lender.

When your credit score is too low to get a loan at a bank

Those who have applied for loans before know that it is a lengthy and time-consuming process that involves a hard look at your financial health. Credit scores are a reality that Americans struggle with daily. Experian estimates that at least 30% of the people in its database have low credit. They also make note that this percentage does not include those who have no credit, and no-credit can make an even larger impact on whether you can apply for a traditional loan.

The sad truth is, many of the people who apply for loans do need the cash to make basic purchases, or even to make payments on things they already own. If you are struggling to pay bills on time or need to fund a big purchase but have low credit, this is a perfect time to seek out a title loan lender. They will help you apply and use your car as collateral rather than your credit.

When you are facing a bankruptcy or foreclosure.

You heard us correctly. If you’re under extreme financial duress and unsure how you are going to fund purchases of basic necessities like food, clothing, and shelter, it can be worth it to take some of your last-remaining assets, like your car, and put them up as collateral to fund basic purchases. Keep in mind, this is a situation that is extremely hard to navigate, and even most title loan advisors will recommend that you do everything within your power to make money prior to working with big collateral like cars. However, if you have discussed this with your loan provider and feel confident that you can make payments on the loan even while filing bankruptcy, this could be a beneficial action to take that could keep your belly full in hard times.

When you have no title loans with any other company.

Everything you’ve heard about car title loans is true – you don’t need great credit to apply and you don’t need to wait days before you see the money. There are certain requirements that car title loan applicants must meet to receive their loan. The biggest one of these requirements is that there are no existing liens on your title. Liens might exist from your dealer for paying off your loan or they might exist from other car title owners. To take out a car title loan you must be the owner of the car, which makes sense in the end. We want what is best for the owner of the car and for the loan requester, and the only way that we can do that is by ensuring you are the owner.

Does one of these situations strike a chord with you? We understand, and we are ready to help you get the cash you need for whatever reason you might need it. For more information, stop by one of our stores in Kansas City, Gladstone, or St. Joseph, Missouri or one of our offices in Overland Park or Kansas City, Kansas. Midwest Title Loan looks forward to helping you.

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5 Benefits of Taking Out a Title Loan During the Season Change

5 Benefits of Taking Out a Title Loan During the Season Change

To some, the fall is a welcome change from the heat of the summer. In July in Missouri, with temperatures averaging in the upper eighties, the intensity of the heat finds a way to make things like sprinkler systems, cars, and even people break down after a harsh spring. Before you know it, you’re left with a bunch of repairs right before winter weather (and holiday shopping) hits. Additionally, it’s college time, It can be difficult to manage the weight of school purchases and student loans all at once. This is what makes taking out a title loan during the fall such an advantage – it gives a little wiggle room for obtaining big, unexpected purchases without the stress of needing to find the money. Here are the top 5 reasons why taking a title loan out during this time of year might be to your advantage.

Check Out All of the Benefits of Title Loans

1. Immediate Cash for School Purchases

For parents and college students alike, this can be a trying time of year. College students without secure funding scramble for a way to be able to afford to go back to school, and for those who can’t, they are expected to pay off their student loans almost immediately. Nearly 75% of those who went to online colleges and dropped out were unable to pay for any of their student loans. For those with higher debt and no job prospects, this is a huge originator of anxiety. Parents of school-aged children also have similar anxieties when it comes time to pay a school lunch bill, a band instrument bill, or a big uniform purchase. Title loans, which can be obtained quickly and without a credit check, allow those who might need extra cash for going back to school, beginning to pay off loans, or paying for major school equipment purchases to do so in a timely fashion that won’t impact their credit scores any further.

2. Yard Cleanup and Item Repair During Two Turbulent Seasons

Tornado season starts in March and ends in June, and when it does damage it really does damage. If you were in the path of a storm and your car made it through, there’s a good chance that you’ll still have a significant amount of cleanup to do in the following months. But the heat of summer can make repairs hard and can also exacerbate existing repairs. Not to mention the fact that summers is often not the best time for people to work – certain professions make their most money during this season but also spend the most time away from home. After all, the busiest time for tourism industries in Missouri is from June to August.

By the time you get the chance to work on repairs, you might need a little extra monetary boost but you don’t have enough time to formally apply for a loan. Car title loans allow you to get a loan usually the same day and access the money as soon as you are approved, which can help those on a tight repair budget get the help that they need.

3. Take Advantage of Early Christmas Shopping

It might seem early to some, but getting started on Christmas shopping months beforehand is one of the best ways to save money and to get the right purchase for the loved ones in your life. Financial analysts who participate in the holiday season’s shopping actually recommend shopping months beforehand for many reasons. It gives you the perfect amount of time to budget, get things while they are in stock, plan out elaborate gifts, as well as space out your spending rather than milking yourself dry right before taxes for the next year open up.

Sometimes, though, you just don’t have the cash up-front for that one-of-a-kind gift. A car title loan allows you to take advantage of big Christmas purchases without feeling pinched for cash. Additionally, this type of loan allows you to keep your car while you do it, so you don’t need to drag that big tv set home with you on the bus.

4. Fund Less-Fun Winter Purchases: Weather Prep

In Missouri, we’re always prepping for the next big weather event. Winters in Missouri might not be as turbulent as other places, but they can really eat a hole in your wallet when it comes to heating your home, keeping it safe, and prepping yourself and your car for the icy roads. In 2015, one of the roughest winters in the United States in recent history, over $1 Billion was spent in keeping the roads clear and ice free. For car and homeowners looking to pinch a penny and still keep a semblance of a warm house often requires an investment during fall. A big home weatherproofing investment, which needs to happen prior to the change from autumn to fall, is one of the benefits of using a title loan during this season. You get the chance to pay back your investment on your own terms and you are able to make a sound investment quickly.

5. Enjoy a Midwest Vacation

Not everyone is a fan of vacationing in the summer, and why would they be? Fall is one of the most beautiful times to explore the areas around Missouri and Kansas at peak foliage. Hickory, oak, ash, and maple tree change in mid-October when the air becomes crisp sweater weather. In the south, this foliage rivals that of New England’s. With a car title loan, it is easy to take advantage of an autumn vacation without having to have saved for months. The best part about it is that there is no need to use your loan to purchase a rental car. Car title loans lend you the cash and let you drive away into the colorful woods of fall.

Kansas City, Gladstone, and St. Joseph, Missouri residents as well as Overland Park and Kansas City, Kansas residents are in a unique position to receive qualified help from title loan professionals at Midwest Title Loans. Bring yourself and your car by today to get started, or contact us.

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Using a Title Loan to Help with Tuition for School in Kansas City

title loan

Have kids in expensive private school? Going to school yourself and having trouble paying for everything?

Whether you’re a college student paying for classes and books, or you’re having trouble getting the kids’ private school expenses paid for, a title loan provider in Kansas City like Midwest Title Loans can help you.

There are so many benefits to using a title loan for your tuition expenses, and you’ll find that a title loan is the perfect solution for unpaid tuition. Before you worry about if you’re going to make your tuition payments on-time, see how a title loan at Kansas City’s Midwest Title Loans is the perfect solution for you.

The Benefits of Using a Title Loan to Help with Your Tuition in Kansas City

1. It’s quick

Unlike banks and credit unions who take weeks to approve your loan application, due to extensive document checks and vetting, Midwest Title Loans specializes in a quick, painless process to get you the money you need. In fact, the entire process can take as little as 20 minutes.

If you’re already behind on tuition, you will love our quick and simple process to get your loan. You won’t need to worry about being suspended or even kicked out of school, due to your inability to pay. In fact, we specialize in helping people get quick cash in all sorts of financial pickles, not just expensive tuition. So anytime you need quick relief from a financial burden, we will be here.

2. There are very few requirements

The reason why we’re quicker at getting you the money you need than most other lenders is because we have very little requirements. Our few requirements include:

  • A lien-free title or one that is free from debt
  • A driveable vehicle (which your title is for)
  • A valid driver’s license or ID, showing you are 18 or older
  • Up-to-date car insurance
  • A filled out application

To get started on your title loan, simply start by ensuring that your title is lien-free and that you have the other documents, then fill out an application online or in-person at one of our Kansas City locations. We’ll also need to inspect your vehicle to help determine its value, and then we’ll be able to decide how much we can loan you.

3. Smaller loan amounts

Since we specialize in quick loans to Kansas Citians, we only give up to $5000 in our title loans. So from the beginning, we make it a standard to give smaller, more manageable loan amounts, and our customers don’t have any trouble paying them back. After all, we want to help you, not make your financial situation even worse. Whether you need a couple hundred bucks or a couple thousand for your tuition payments, we have the title loan that is perfect for you and your situation. You won’t need to worry about your tuition being unpaid any longer.

In fact, you can even use your title loan to pay for your tuition up front, instead of making monthly payments. That way, you are completely worry-free for the entire school year, and you can pay us back in a short time.

4. It’s only a short-term loan

When you get money lent to you from a bank or credit union, you’re mostly looking at a long-term payback agreement but not at Midwest Title Loans. Our loans are under 60-day renewable contracts, so that you get your loan paid off quickly. Then you don’t have to worry about it anymore.

We don’t want to burden you with a long-term payback that may seem like a good deal in the beginning but ends up costing you much more over the years, due to all the excessive interest that you pay. With our loans, they are quickly paid back with smaller interest amounts and short-term expectations set upfront. Plus, you get your title back quickly, which is great for your peace of mind. It’s a win-win for everyone.

5. Get your tuition paid for

Most importantly, you want to stay in school, so it’s important to get tuition paid on-time. After all, school is what will help you or your kids, in the long-run, have a great financial future. Whether you’re going to school for a new career or your kids are learning what they want theirs to be, it’s important for your future.

A title loan from Midwest Title Loans will help you get your tuition paid for, whether you live in Kansas City, Olathe, Overland Park, or St. Joseph. We help people across the Kansas City metro get their financial expenses covered and stay on top of their expenses, like tuition.

Get Your Tuition Covered Immediately with Kansas City’s Top Title Loan Provider

Don’t let you finances get in the way of your education. If you’re having trouble paying your tuition and you’re in need of some financial support, Midwest Title Loans can help. We have five Kansas City area locations to serve customers throughout the metro area, from Overland Park to Kansas City, St. Joseph, and beyond. Wherever you are, we’d love to help you.

Fill out an application online to get started or bring your car by your nearest location for a free inspection to help give an estimate of your potential loan amount. Whether you need a hundred dollars or a thousand, we’d love to meet you and discuss your needs.

Call, stop by, or send us a message to get any of your questions answered and get started on your title loan today!

Proudly Providing Car Title Loans to Kansas City Metro Area Customers

Midwest Title Loans proudly provides the Kansas City metro area with car title loans, including the cities of St. Joseph, Gladstone, North Kansas City, Kansas City, Grandview, Belton, Lee’s Summit, Raytown, Independence, Overland Park, Olathe, Lenexa, Shawnee, and the surrounding areas.

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Live in Kansas City and Need Fast Cash? Consider a Car Title Loan

Car Title Loan

Are you needing help paying your bills or taking care of your expenses?

When your savings is falling short or your paychecks aren’t coming soon enough, you need to find a loan provider that can meet your needs. And if you’re in need of money now, you need a provider that can get you the money you need quickly.

A title loan is one of the best options for fast cash in Kansas City, and you’ll be impressed with our quick service with minimal requirements that allows you to get the money you need as quick as you need it.

Here’s why a title loan at Kansas City’s Midwest Title Loans is a great option for people throughout the Kansas City metro area.

How a Title Loan Can Provide Easy, Fast Cash in Kansas City

Very few requirements

When you go to a bank or credit union for a loan, it is a lengthy process, filled with extensive applications, document verifications, and time. When you want a simple, straightforward, and quick process to get the cash you need, you need to come to Midwest Title Loans. Our process can take as little as 20 minutes from start to finish, and at the very least, you can get your money on the same day that you need it.

What do you need to get a title loan at Midwest Title Loans?

  • A lien-free title, issued in Kansas or Missouri that is under your name
  • Your lien-free title’s vehicle is driveable
  • Your photo ID or driver’s license
  • Your car insurance

If you’re unfamiliar with the term lien-free, it means debt-free, so your title needs to show that your vehicle is fully paid off. Your vehicle can be damaged, but as long as it’s driveable, you’re good to go. Your photo ID or driver’s license and car insurance simply need to be valid, and you need to be 18 or older.

No credit needed

Since credit is usually a major factor in decisions to lend you money by most banks and credit unions, it can cause problems in getting a loan or fast cash. When you come to Midwest Title Loans in Kansas City, you won’t have any problems getting a loan due to credit issues. You can have good credit, bad credit, or no credit, and you’ll be OK to get a loan at Midwest Title Loans.

We perform zero credit checks during our application process, so your credit will not be pulled, which can sometimes result in a drop in score. Our decision is based on other factors, like having a lien-free title and a valuable car.

Quick service

Midwest Title Loans stands out from other lenders with our extremely quick and professional lending service. In as little as 20 minutes, you can be on your way with your check in hand from Midwest Title Loans. When you need quick cash, there’s nothing more satisfying than getting it as quickly as you want it. That’s not something you can find at most banks and credit unions in Kansas City.

There are just a few things we need from you to get a title loan: the requirements listed above, a filled out application, and to come into one of our Kansas City area locations to complete the process. We don’t need any excessive document checks or have an extensive vetting process. Come on in at any time, and we’ll get you taken care of quickly.

Small loan amounts and short terms

Midwest Title Loans’ five Kansas City locations specialize in short-term loans, so they are in smaller amounts. We specialize in helping people get the money they need to make it to their next payday – not long-term loans. This results in less interest and less hassle over the long-term, because many times, a long-term loan can come back to haunt you with sky high interest over the years.

Because our loans are manageable in terms of amount, we help you to pay it back in just a short time. It can be off of your plate in as little as 60 days, which is our standard repayment term. We do have a renewable option, if you need a little more time. Our goal is to help you get out of a financial bump in the road, not to cause you more strife in the long-term.

Get Fast Cash Today from Kansas City’s Trusted Title Loan Lender

Whether you live in Olathe, Lee’s Summit, Kansas City, or St. Joseph, Midwest Title Loans can help you get the money you need, as soon as you need it. Start your title loan application today by filling out our Online Info Sheet on our website now. You can also bring your vehicle by for an inspection to get a free estimate of how much your potential loan amount can be.

Have a question or want to get more information? Feel free to call us or send us a message through our website’s form at your convenience. You can also stop in to meet our team. We look forward to getting to know you and helping you with your loan!

Proudly Serving Kansas City with Fast Cash Title Loans

Midwest Title Loans is the trusted fast cash loan provider in the Kansas City metro area, to customers in the cities of St. Joseph, Gladstone, North Kansas City, Kansas City, Grandview, Belton, Lee’s Summit, Raytown, Independence, Overland Park, Olathe, Lenexa, Shawnee, and the surrounding areas.

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Get a Car Title Loan for Quick Cash Before Payday

Car Title Loan

Are you one of the many people in Kansas City that are living paycheck-to-paycheck?

These days, there are more Kansas City workers than ever who are living paycheck-to-paycheck. With rising expenses, housing costs, and beyond, it’s easy to see why it’s a growing problem in our society, and when you rely on your paychecks to meet all of your needs, you can run into issues, when unexpected expenses come up. Whether it’s medical bills for yourself, a family member, or a pet or you are just struggling to keep up with basic expenses, you need relief.

Luckily, there are options to turn to for short-term financial help, like Kansas City’s Midwest Title Loans. We can provide you with the money you need to cover your expenses, until your next paycheck, for very few requirements. Here’s how getting a title loan for quick cash works at Midwest Title Loans.

How to Get a Car Title Loan for Quick Cash at Midwest Title Loans Before Payday

1. Ensure you meet the minimum requirements

When you are thinking about getting a title loan at one of the Kansas City Midwest Title Loans locations, you’ll want to first make sure you meet our minimum requirements. Although there are just a few, it’s important that you have:

  • A lien-free title, which means your car is fully paid off
    • The title must be in your name and issued in Kansas or Missouri
    • The vehicle your lien-free title is for is driveable (it can be damaged)
  • A valid driver’s license or ID, showing you are 18 or older
  • Car insurance

If you meet these three requirements, you’re all set to get started applying for a title loan at Midwest Title Loans.

2. Fill out an application

After you’ve ensured that you can meet our minimum requirements for a title loan, you’ll want to get started filling out your application online. Unlike banks or credit unions, we don’t require a credit check as part of our application process. Therefore, we’ll ask for a little bit more information on your application, but we don’t need anything like paystubs or housing verification documents. Plus, you won’t see any credit pulls on your credit report, which can result in an unnecessary drop in score.

The information that is filled out on your application will help us understand your financial situation a bit more, so that we loan you the right amount. We don’t want you to be in over your head trying to pay back a larger amount than you can.

3. Bring in your car for inspection to your local Midwest Title Loans

Even though you can bring in your car for a free inspection anytime at any of our Kansas City Midwest Title Loans locations, the next step after you fill out your application is to come into our store in your car that the title is under. Don’t forget to also bring your required documents: your lien-free title, your photo ID or driver’s license, and your car insurance information.

Before we can determine how much money we can lend you, we’ll inspect your car to determine its value. This won’t take very long at all, and we’ll have one of our experts look into it. We’ll then decide on an amount between $150 and $5000 to lend you.

4. Review your title loan offer

Once we’ve reviewed your application, your required documents, and your vehicle, we’ll write your title loan offer up and review it with you, including the loan’s terms and conditions. If you choose to accept, we’ll write your check, in exchange for your lien-free title. We’ll only hold your title temporarily, while you pay back your loan. Then you’ll be on your way with the money you need in hand. Use it however you like and you’ll be covered until your next paycheck.

5. Pay back your title loan and get your title back

Since our title loans are short-term loans, we have short payback periods and an option for a renewal. Our loans are under a 60-day renewable contract at Midwest Title Loans. If you need to renew your loan to take more time to pay it off, you may be charged additional interest.

Once your loan is paid off, we’ll promptly give you your title back, along with a thanks for working with us. And if you are ever in need of quick cash before your next payday again, we’d love to help.

Get the Money You Need Now at Your Midwest Title Loans Location

When you have expenses to take care of before your next payday, there’s no reason to let them go uncovered. Get rid of the stress of your tough financial time with relief from Midwest Title Loans. We’d love to help you cover your financial expenses with a title loan, as soon as you need it.

If you’re ready to get started on your application, fill out an Online Info Sheet now! No matter where you’re at in the Kansas City metro area, we’d love to help you. We know you’ll love our quick process, friendly professionals, and our loans.

If you have any questions or want to talk to one of our team members, get in touch with us today! Talk to us by phone, through our contact form, or stop in at your nearby location!

Proudly Serving the Kansas City Metro with Car Title Loans

Midwest Title Loans loves that we can help Kansas City metro area customers with car title loans, in the areas of St. Joseph, Gladstone, North Kansas City, Kansas City, Grandview, Belton, Lee’s Summit, Raytown, Independence, Overland Park, Olathe, Lenexa, Shawnee, and beyond.

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Kansas City Car Title Loans 101

 Kansas City Car Title Loans 101

If you’ve never gotten a car title loan in Kansas City before, you likely have a lot of questions on your mind. How is my title involved? Will my car be taken away? Do I need to have good credit?

Car title loans are a lot different than traditional loans and lines of credit, but they still serve the same purpose – giving you additional money, when you need it. Whether you have expensive home repairs, are having a hard time making ends meet due to a job loss or loss of income, or you had unforeseen expenses like medical or dental bills, we understand that you need money as soon as possible.

There are so many benefits to getting a car title loan, over traditional loans and lines of credit, like getting it much quicker, and you don’t have to have perfect credit to be approved. You only have a few requirements, and your loan is only for the short-term. Here’s the 411 on getting a car title loan in Kansas City.

Getting a Car Title Loan in Kansas City

1. Review loan requirements, terms, and process of the car title loan.

No matter where you’re getting a title loan, it’s important to review the title loan requirements, the terms, and the entire process of the car title loan. For example, at Midwest Title Loans, we have a few basic requirements, but most importantly, you’ll need a lien-free title. If you are unfamiliar with that phrase, it means that your title is free of liens and fully paid off. As long as you have a lien-free title in your name that is issued in Kansas or Missouri, you likely qualify for a title loan at one of our five Kansas City locations.

As far as terms go, at Midwest Title Loans, our title loans are under a 60-day renewable contract, so our car title loans are looked at as short-term loans to cover immediate expenses – not a long-term financial solution.

The process of a car title loan varies from one title loan provider to another, but it usually requires filling out an application, providing your lien-free title, and showing your car insurance information and photo ID.

2. Fill out an application

To start the car title loan process at Midwest Title Loans, which is similar to most title loan providers, you’ll want to fill out an application online. Our application requires you to fill out basic information like your housing, your job, references, and more. Since we don’t require a credit check, this helps us to determine your budget and repayment ability, which is important for us when deciding how much money to loan you. We don’t want to loan you more than you can pay us back for or more than you need.

3. Get the required documents

As with any loan, a car title loan requires a few documents in the application process. First and most importantly, your lien-free title. At Midwest Title Loans, we need it to be in your name and issued in Kansas or Missouri. On top of your lien-free title, we’ll need to see your:

  • Valid photo ID or driver’s license, showing that you are 18 or older
  • Car insurance information

That’s it! No pay stubs, lease agreements, utility bills, etc., like many banks and credit unions require to issue you a loan or line of credit. This is why our process is so simple, and our customers can get the money they need in as little as 20 minutes.

4. Bring your vehicle in for a check

When you are ready to get a car title loan, you’ll need to bring in your vehicle for an inspection, so that we can determine its value. It needs to be the vehicle that your lien-free title is for, and it needs to be driveable. One of our experts will take a few quick minutes to inspect your vehicle, which helps us decide how much money to loan you.

5. Review loan offer and terms

Once we’ve seen your required documents, reviewed your application, and inspected your vehicle, we’ll decide how much money we can give you. With one of our friendly customer service professionals, you will review your loan offer and terms. Our title loans at Midwest Title Loans are under 60-day renewable contracts, so that you can have an option to extend your repayment, if you need to. If you do need an extension, there will likely be additional interest to pay.

Once you accept your offer and terms, we’ll give you a check with your amount, in exchange for your lien-free title. We’ll only hold it temporarily.

6. Pay back and get your title back immediately

While your loan is still in repayment, we will keep your lien-free title. However, once you have paid off your debt, you’ll get your title back immediately. Don’t worry – we won’t keep it any longer.

Get Your Car Title Loan for Quick Cash Today at Any of Our Kansas City Locations

A title loan is the perfect choice for short-term financial help for people in Kansas City. No matter if you live in St. Joseph, Gladstone, Kansas City, or Overland Park, we have a location nearby that can help you get quick cash as soon as you need it. Start the process now by filling out an online application or stopping by your nearby Midwest Title Loans location for a free car inspection.

If you still have unanswered questions, our customer service representatives at any of our Kansas City Midwest Title Loans locations would love to talk to you by phone, through our website, or when you stop by. We are excited to get in touch with you!

Proudly Providing Car Title Loans to Kansas City Metro Customers

Midwest Title Loans is proud to provide Kansas City metro area customers with quick cash title loans, in the areas of St. Joseph, Gladstone, North Kansas City, Kansas City, Grandview, Belton, Lee’s Summit, Raytown, Independence, Overland Park, Olathe, Lenexa, Shawnee, and the surrounding cities.

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How Flex Loans Can Help with House Repairs

How Flex Loans Can Help with House Repairs

Are you in over your head with house repairs? Maybe it’s just one big repair that is out of your budget but needs to get fixed. Maybe the repairs just keep piling up. Either way, you need money to get your house repairs taken care of.

House repairs come in all shapes and sizes, and they can easily drain your savings and completely ruin your budget. However, your entire savings can’t go to your home – you have other needs to take care of.

When you need money to ease your stress from home repairs and help you continue to keep up with your monthly expenses, there are a lot of options for you from banks, credit unions, title loan providers, and payday loan providers. Which one should you choose?

At Midwest Title Loans in Kansas City, our best option for help with your home repair expenses is our flex loan. Flex loans are just like title loans, in that your main qualification is having a lien-free title, but instead of paying it back in a very short term, you are able to keep the flex loan as a line of credit to be used whenever you need it. This is perfect for Kansas City homeowners, and here’s why:

4 Ways Flex Loans Can Help with Your Kansas City Home Repairs

1. Helps with immediate repairs

When you get a flex loan from Kansas City’s Midwest Title Loans, you are able to get your money immediately. Unlike the waiting period and approval process at a bank or credit union, Midwest Title Loans can get you your money within a day and in as little as 20 minutes. Our simple process only has a few requirements, which are:

  • You own a lien-free title
  • The car that your lien-free title is for is driveable
  • You are 18 or older and have a valid photo ID or driver’s license
  • Your car is insured
  • You have filled out an online application

So if you have a home repair that needs to be taken care of immediately, it’s easy to see why coming to one of our five Midwest Title Loans locations in Kansas City for a flex loan is a perfect choice for you.

2. Keep it open for repairs in the future

When you get a flex loan at Kansas City’s Midwest Title Loans, you not only can take care of immediate repairs as soon as you need to, you can also keep your line open for repairs in the future. Whether you have a foreseeable home repair that you could use it for once your current repair is paid off or you want to use it as a safety net in case an emergency repair comes up later on, a flex loan is flexible for you and your home repair funds.

When you have a house, home repairs like roofs, siding, and more can cost thousands of dollars that you may not have in savings. And they can come up at any time – especially during storm season in Kansas City. When you have your flex loan from Midwest Title Loans, you won’t have to worry about coming up with all of the money for a vital repair. Whether you use it as partial payment or fully pay for your repair, you can be free of the stress of not being prepared for the unthinkable.

3. Your credit is not involved

One of the best parts about getting a flex loan from Midwest Title Loans is that it is extremely simple to get. There are no credit checks, no background checks, no extensive income or housing verification, and beyond. It can be a pain in the butt to get the money you need from a bank or credit union, and Midwest Title Loans proves that it can be much simpler.

When you have a lien-free title that is in your name, issued in Kansas or Missouri, along with a driveable vehicle, you will likely be able to get a flex loan. When you fill out an application, come into one of our five Kansas City locations, let us inspect your vehicle, show us your supporting documents, you will be able to get a flex loan that is perfect for you.

4. Flexible interest and terms

When you get a flex loan from one of our five Kansas City Midwest Title Loans locations, it is truly flexible to your needs. You can keep it open for however long you like, and you only pay interest on what you spend. Unlike many credit lines, you won’t pay a yearly fee just to keep it open. If you want to keep it open for a couple months while a few of your repairs are being completed, you can do that. If you want to keep it open for a year, two years, or more, you can. Whatever you need to do with your flex loan, you can do. It is here to help you with your home repairs, however you see fit.

Get a Flex Loan Now to Cover Your Home Repairs Immediately

If you have a home repair that needs to be taken care of immediately, look no further than a flex loan from Midwest Title Loans. As long as you meet the basic requirements, one of our five Kansas City locations can get you your flex loan today! Start by filling out our application online or bringing your car by your nearby Midwest Title Loans store.

Still have questions or want to get more information? We’d love to chat with you about our flex loans. Get in touch with your nearby Kansas City Midwest Title Loans location by phone, through our contact form on our website, or stopping by. We look forward to helping you!

Proudly Providing Flex Loans to Customers in the Kansas City Metro Area

Midwest Title Loans proudly provides title loans and flex loans to the Kansas City metro area, for our customers in the cities of St. Joseph, Gladstone, North Kansas City, Kansas City, Grandview, Belton, Lee’s Summit, Raytown, Independence, Overland Park, Olathe, Lenexa, Shawnee, and the surrounding areas.

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4 Tips for Finding the Right Title Loan Near You

4 Tips for Finding the Right Title Loan Near You

Looking for a title loan near me that fits your unique situation? No matter what brought you to searching for a title loan, you need a title loan that is the right fit for you.

Whether you’re dealing with past credit problems or are looking for a title loan provider that can get you the money you need on the same day that apply, the right fit for a car title loan is here for you in KC.

When you’re ready to find the perfect title loan for you, use these four tips to help speed up the process and make sure you get exactly what you need.

4 Tips for Finding the Right Title Loan Near You in Kansas City

1. Find out how long it takes to get your title loan

A major difference between getting a traditional loan or line of credit and getting a title loan is the amount of time it takes to get your loan. Typically, car title loan providers can get you the loan much quicker than if you were to go to a bank or credit union for a traditional loan. Either way, you’ll want to make sure that the car title loan provider can get you your title loan when you need it: whether it be within a few days or a few hours.

At Midwest Title Loans of Kansas City, our five KC metro area locations are here to serve you with a car title loan as quickly as you need it. Our customers can get a car title loan in as little as 20 minutes and definitely on the same day that you apply. Many of our customers have bills that need to be paid immediately and don’t want to wait very long to get their money. We’re happy to be able to provide a car title loan to qualified customers within a day or hours.

2. Review the application process

To get a car title loan at any of the providers across Kansas City, you’ll want to thoroughly review the application process to ensure you meet the minimum qualifications, in addition to ensuring that the application timeline meets your needs. The most important part of the application process for a car title loan in Kansas City is having a lien-free title. If you aren’t sure, a lien-free title shows that your car is fully paid off. When you get a title loan, you’ll get the money in exchange for your lien-free title, which will be held by the title loan company until you pay it off completely.

In addition to having a lien-free title, you’ll only need a few other things. For example, at Midwest Title Loans’ five Kansas City locations, you’ll need:

  • A valid photo ID or driver’s license, showing that you are 18 or older
  • Active car insurance
  • A driveable vehicle - it can be damaged, but it needs to be driveable
  • A filled out application

From there, we are able to review your application, your vehicle, and your supporting documents to decide the car title loan amount we can provide to you, on the same day that you apply.

3. Check that you’ll get the right loan amount

A big difference between a car title loan provider and a traditional loan or line of credit is that the amount of money you can get is a bit smaller, but our customers don’t typically need any more than we offer. A car title loan is intended to be a short-term loan, instead of one that you’ll be paying off for years to come, like at a bank or credit union.

At Midwest Title Loans, we determine the loan amount by your car’s value and your application, which helps us understand your repayment ability and your budget. We loan our customers between $150 and $5000. While you could get more at a bank or credit union, it usually isn’t in the customers’ best interest to be paying so much interest on such a large amount of money, anyhow. By lending small amounts to be paid back in a short amount of time, we reduce our customers’ additional interest paid, and it’s in their best interest.

4. Check into how credit plays into the process

If you have damaged credit, no credit, or average credit, you may run into some issues, when applying for loans or lines of credit. It’s important to check into how your credit will be used, when you’re looking into any loan. While banks and credit unions will certainly use your credit to determine your approval and amount of money provided, title loan providers typically do not. Car title loans are held liable by the car title loan provided, while the loan is being paid off.

Even though it is typically not included in the application process, that doesn’t mean that you shouldn’t ensure that a credit or background check will be run, when you apply for a car title loan. If you do have less than perfect credit, you’ll be able to find a car title loan provider that doesn’t check credit, like Midwest Title Loans.

Get a Great Title Loan at Your Trusted Local Kansas City Title Loan Lender

Whether you live in Olathe, Overland Park, Kansas City, or St. Joseph, Midwest Title Loans has a title loan location near you. Get started with your title loan today by filling out our application online or bringing your car by for a free inspection to determine its worth. You’ll love our quick and easy process, so you can get the money you need as soon as you need it.

If you have a question for one of our customer service representatives or want more information about us, get in touch with your nearest Kansas City Midwest Title Loans location by phone, through the website, or by stopping in one of our locations. We look forward to helping you with your financial needs!

Proudly Providing Car Title Loans to the Entire Kansas City Metro Area

Midwest Title Loans helps Kansas City metro area customers with car title loans, in the cities of St. Joseph, Gladstone, North Kansas City, Kansas City, Grandview, Belton, Lee’s Summit, Raytown, Independence, Overland Park, Olathe, Lenexa, Shawnee, and the surrounding areas.

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Get a Title Loan with No Credit at All of Our Kansas City Metro Locations

Get a Title Loan with No Credit at All of Our Kansas City Metro Locations

When you don’t have any credit, you can run into some roadblocks when trying to get outside help for financing. And when you are in a desperate situation, it can be frustrating, stressful, and time-consuming trying to figure out what to do.

With most loans and lines of credit, credit checks are required, and not many banks or credit unions will approve you, if you don’t at least have good credit. If you have no credit, you definitely won’t get approved. Many times, good credit doesn’t even cut it – you have to have great credit.

Whether you’ve had past credit troubles or have no credit at all, you need a loan provider that doesn’t require credit checks to loan you the money you need. That’s where Midwest Title Loans comes in. We serve Kansas City with no credit check title loans, everywhere from Kansas City to Gladstone, Overland Park, and St. Joseph. The process to get a title loan is simple and easy at Midwest Title Loans. Here’s how you can get a title loan with no credit at any of our Kansas City area locations.

What You Need to Do to Get a Title Loan with No Credit at Kansas City’s Midwest Title Loans

You need a lien-free title.

Owning a lien-free title is an essential component of getting a title loan with no credit at Midwest Title Loans in Kansas City, Gladstone, Overland Park, and St. Joseph. Your title is what we’ll temporarily keep, while your loan is still in repayment. Of course after your loan is paid off, you’ll promptly get your title back. If your aren’t familiar with the term, a lien-free title is one that shows that your car has been fully paid off.

Your lien-free title needs to meet a few other qualifications, other than being without debt. Your title needs to also be in your name and issued in Kansas or Missouri.

Your lien-free title’s vehicle needs to be driveable and insured.

The car that your lien-free title is for needs to be driveable. It can be damaged somewhat or even significantly, but as long as it’s driveable, you still qualify for a title loan at Midwest Title Loans. We’ll need you to drive this car over to one of our five Kansas City locations in Gladstone, Kansas City, St. Joseph, or Overland Park, because we’ll need to inspect it. When we inspect it, we’ll determine its value, which helps us decide how much money we will loan you.

In addition, your car needs to be insured. We’ll also need you to bring your car’s up-to-date insurance information, when you come in your nearest Midwest Title Loans location to get your money.

You are 18 or older.

In order to get a title loan at any of the Midwest Title Loans locations in Kansas City, Gladstone, St. Joseph, and Overland Park, you’ll need to be 18 or older, and in order for us to verify that, we’ll need you to bring your photo ID or driver’s license with you, when you come in to get your title loan.

You need to fill out an online application.

In addition to your lien-free title, driveable car, photo ID, and insurance information, you’ll need to fill out an application with us. With our online application, you can fill it out in the comfort of your home. We ask you for basic information, including your name, address, housing information, employment information, and beyond. This helps us to determine your loan needs and your repayment ability, since there is no credit check for our title loans.

Drive your car and your supporting documents to your nearest Kansas City Midwest Title Loans location.

Once you’re ready to move forward on getting a title loan at Midwest Title Loans, you’ll simply need to drive your car and bring your documents to the closest Kansas City Midwest Title Loans location. Whether you live in Overland Park, Olathe, Kansas City, Gladstone, St. Joseph, or somewhere else within the Kansas City metro area, we have a location near you.

Once you’re here, we will quickly inspect your car and determine the amount of money we can give you. Once that is complete, we’ll write up a loan offer for you. It’s as simple as that. Since there are no credit checks on our title loans, you don’t need to wait around for us to thoroughly check and analyze your credit, like you would in many other cases.

Discuss your loan offer and its terms and conditions with us, then accept.

When we’ve determined the amount of money we will loan you, we’ll discuss the loan and its terms and conditions with you. Our loans are under 60-day renewable contracts, and you can choose to renew, if you need more time. This will likely result in additional interest. Since our loans are short-term, you won’t ever have to pay an excessive amount of interest.

Once you’ve accepted the offer and the terms and conditions, you’ll get your check, in exchange for your lien-free title. We’ll keep your title, until your loan is paid off in full. Then, you can use your money however you please – pay bills, get the necessities at the store, pay your mortgage or rent, and beyond. We’re happy that we can help take the financial strain off of you for a short period of time, and you can get back in a good place financially.

Pay back your loan within the loan term or request to renew the loan for an extension.

Since we keep your loan term short, it’s easy to pay back, so you can get your title back quickly. We do have an option for you to renew with additional interest to pay, but overall, you will pay less interest than long-term loans and lines of credit, which helps you get back on your feet quicker. Once your loan is paid off in full, you’ll get your title back immediately.

Get Your No Credit Check Title Loan at Midwest Title Loans Today

From Overland Park to Kansas City, Gladstone, and St. Joseph, our Midwest Title Loans stores are ready to help you get the money you need as soon as you need it. No waiting around for background checks, credit analyses, and extensive document checks, like at many banks and credit unions. Our no credit check process is simple and quick, so you can get out of your financial stress quickly.

Get started on your title loan by filling out online application, and we’ll be able to get you the money you need, as soon as you need it. If you have a question or want more information, stop by the location nearest you, send us a message, or call us today! We are excited to help you with your financial needs.

Proudly Serving the Kansas City Metro Area

Midwest Title Loans proudly provides no credit check title loans to the Kansas City metro area, to customers in St. Joseph, Gladstone, North Kansas City, Kansas City, Grandview, Belton, Lee’s Summit, Raytown, Independence, Overland Park, Olathe, Lenexa, Shawnee, and the surrounding areas.

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OUR LOCATIONS

330 W. 85th Street
Kansas City, MO 64114
Phone: (816) 363-8600

6420 North Oak Trfwy
Gladstone, MO 64118
Phone: (816) 436-7711

603 S. Belt Hwy
St. Joseph, MO 64507
Phone: (816) 232-9100

8212 Metcalf Ave.
Overland Park, KS 66204
Phone: (913) 381-2222

2500 State Ave.
Kansas City, KS 66102
Phone: (913) 281-9997