September 26, 2017
Everyone has been there at some point in their life: You lose track of how much money is in the household bank account, you go through a regular day or weekend buying groceries, making purchases, paying bills, visiting ATMs, and at the end of the day you find out that your account is overdrawn and you've incurred a bunch of overdraft fees. While each fee may not be all that much, they can add up pretty quickly, and you may find yourself with a sudden cash flow problem that you didn't expect. In that situation, you may want to turn to a bad credit title loan in Kansas City, St. Joseph, or Overland Park.
Here are a few quick facts about overdraft fees that you might not know: Most banks (around 83%) allow overdrafts at ATMs and when you use your debit card at a store or other point-of-sale. That means you may get an overdraft fee tacked on to your account for every single transaction that you make until you notice that you are overdrawn, which can take a day or even longer, depending on the situation. Most banks charge more than $30 per overdraft. In 2015, the average was just shy of $33, and more than half of the major banks in America charge between $35 and $38 per transaction. If you made five or ten purchases before you realized you were overdrawn, that number can add up fast. And if you have multiple family members who are all using the same account, it gets even worse!
Those cascading fees can easily send your bank account plunging a long way into the negative numbers, which can make it hard to recover from an overdraft and lead you to accrue even more overdraft fees as you try to get your bank account back up into the black. While studies show that the average "overdraft event" costs around $69, it's all too easy for an overdraft to skyrocket into much bigger numbers, especially if you don't have the extra cash in savings or somewhere else to get your account back up where it belongs until you can get everything sorted out.
So what do you do when your paycheck bounces or some other unexpected event lands you with an unforeseen avalanche of overdraft fees, especially if you have less-than-perfect credit to start with? A bad credit title loan in Kansas City can help get you the cash you need to set your bank account back to rights and stop adding additional fees to a growing problem. If you're in between paychecks, you may not have ready access to quick cash to get your account back where it belongs, so a bad credit title loan can fill the gap until your next payday.
How does it work? Just bring in your car with a lien-free title and a photo ID to Midwest Title Loans in Kansas City today, or get started now by filling out our Online Title Loan Information Sheet, and we can help set you up with a bad credit title loan in Kansas City in as few as 20 minutes so that you won't have to worry about one more overdraft fee!Read more
September 19, 2017
These days it seems like it is easier and easier to get over your head in debt. After all, just about everything is done on credit nowadays, and when you have multiple credit cards, home and car payments, medical bills, and finance plans for things like appliances, home electronics, entertainment centers, and bedrooms sets, it can be all too easy to miss a payment or two and find yourself sinking in interest. That's why many people search for a "title loan near me" to find a way to help consolidate bills, pay off credit card debt, and otherwise simplify their budgets and payment plans.
Sometimes credit cards offer interest-free periods for balance transfers or purchases, while many retailers will sell big-ticket items such as entertainment systems or living room furniture on a payment plan with no interest for so many months. Of course, when that no-interest period winds down, you need to have the total amount paid off, or BIG interest payments often start to accrue. So if you find yourself approaching the end of a no-interest payment period and still have a few hundred or a few thousand dollars left to pay, a title loan in Kansas City may be one way to knock out that expense in one fell swoop.
Let's face it: having a whole bunch of credit card bills, payment plans, and other monthly statements puts a person under a lot of stress. It's hard to keep on top of everything, and harder still to make sure that every payment gets where it needs to go on the day that it's supposed to get there. You have to keep an eye on your bank balance to ensure that the money is in the account when it needs to be so that the check doesn't bounce. It's all a lot to keep track of. So for many people, reducing the number of payments they have to make each month can be a lifesaver.
Even if you still owe the same amount of money at the end of the day, having to keep track of one due date and write one check instead of half a dozen can reduce an awful lot of stress. Not to mention that if you opt for a car title loan in Kansas City from Midwest Title Loans, your repayment will be handled under an easy-to-understand 60-day repayment schedule, so you won't have to worry about keeping track of a lot of different dates, or remember where you need to send the money when the time comes.
Best of all, it's easy to get the cash you need to cover your bills with a car title loan in Kansas City. All you need is a car with a lien-free title and a photo ID, and Midwest Title Loans can do the rest. There's no credit check, and you can drive off in your own vehicle in as few as 20 minutes. Plus, you can get loans ranging from $150 to $5,000 depending on the value of your vehicle, so you can tailor your loan to meet your financial needs.
If you're searching for a "title loan near me" to consolidate your bills, then chances are you already know about the many benefits of car title loans in Kansas City, so just contact Midwest Title Loans to get started today or fill out our Online Title Loan Information Sheet to make the process even quicker!Read more
September 12, 2017
We've talked before about how a flex loan in Kansas City can help you meet those unexpected expenses that sometimes crop up: a car breaks down, a family member gets sick, a household appliance goes on the blink, you need to take an unforeseen trip, or any number of other expenses that can show up out of the blue and ruin your carefully arranged budget. But there are plenty of other bills that come in month after month, and a flex loan in Kansas City can help you take care of those expenses, too.
We all have bills that we pay regularly. Whether they're bills that come in once a month or expenses that we only have to cover once a year, they're generally about the same amount, and we can always count on them showing up over and over and over again. Think of them as "mandatory expenses." What kinds of things are we talking about? Well, the mortgage payment is a good example. So are property taxes, income taxes, quarterly business taxes, HOA dues, utility bills, insurance premiums, the list goes on and on. These are things that you can't just skip or do without. (Sure, you can't skip or do without groceries or gas either, most likely, but those are expenses that tend to fluctuate a little more from one instance to the next.) Plus, if you don't pay your mortgage or your taxes in a timely fashion, you're likely to be hit with some consequences.
The consequences for missing a mandatory payment may be as minor as a late fee or higher premiums, but it could also be as catastrophic as a foreclosure on a home or property, utilities being shut off, or trouble with the IRS or your Home Owners' Association. If you have a business and you don't pay your bills on time, it could severely hamper your ability to deliver your products and cut into your bottom line.
So what happens when one of these mandatory bills comes due and the money just isn't there? That's when a flex loan in Kansas City can help. How does it work? With a flex loan, you leverage your car's title as collateral, just as you would with a typical car title loan, but instead of a 60-day renewable contract, flex loans in Kansas City let you borrow up to a pre-set credit limit—and even re-borrow if you end up needing more money—while repaying based on a daily interest rate. That gives you the flexibility (hence the name) to borrow as much or as little as you need—up to your pre-set limit—to cover whatever expenses come up, mandatory or otherwise!
So whether you find yourself short of cash to cover a mandatory bill or you just need some quick cash for an unexpected expense that caught you off guard, contact Midwest Title Loans in Kansas City or fill out our Online Title Loan Information Sheet to get started today!Read more
September 5, 2017
Does it sometimes seem like just about everyone you know runs some sort of business out of their home on the side? They may be a freelance writer or a website developer, or they may sell homemade soaps or jewelry on Etsy. They may run a daycare service in their home or a lawn care business out of their garage. They may tutor school children, or act as a personal trainer, nutritionist, yoga instructor, business coach, consultant, accountant, or transcriptionist. These are just a few of the most popular home-based businesses in the United States. But when you see all those people running businesses out of their homes, you may ask yourself: how did they get started? Well, you may be surprised to find that some home-based businesses in the metro area start with car title loans in Kansas City.
Many home-based businesses begin as ideas that have low overhead. After all, working out of your home saves on renting office and warehouse space, not to mention the slight tax break you can get from having a portion of your house dedicated to a business. But even the least costly small business still needs working capital, and for those who want to start a home business, car title loans in Kansas City can provide the quick cash you need to get your new business venture off the ground.
Starting a home-based business can be cheap—in fact, survey data says that almost half of all home-based businesses cost less than $5,000 to start—but they still cost money, and most of us don't have an extra $5,000 just lying around. Some of the costs that accompany starting a home business include formation costs such as registering your business with the state, the cost of buying equipment like a new computer or the software that you may need, and the cost of promotional and marketing materials to help get the word out there. You may also want to hire an accountant to help make sure that you're keeping in the clear on your taxes and speak with an attorney about any contracts or other legal needs that your business may have. Plus buying all of the raw materials that may go into whatever your business makes or sells.
Of course, the goal of any home-based business is for it to start paying for itself in short order, but you need the cash in hand to get the business off the ground before it can get to that point. If you think you've got a winning idea for a home-based business in Kansas City and just need the capital to get it started, a car title loan may be just the ticket. As a matter of fact, you can get car title loans in Kansas City from Midwest Title Loans for anywhere from $150 to $5,000, making them the perfect size to kick-start your home business! All you need is a car with a lien-free title and a photo ID, and Midwest Title Loans can do the rest!Read more
August 28, 2017
Owning a home can be a great experience filled with a lot of joys. As any homeowner knows, it can also be filled with frustrations. A home is a complex thing, after all, from the roofing to the foundation, from the plumbing to the fixtures, from the appliances to the windows and doors. With anything so complex there's a lot that can go wrong. Every homeowner knows that when something decides to fall off its hinges or spew soapy water all over the kitchen floor, it's always going to be at the least opportune time. That's why flex loans are available when a minor domestic disaster strikes and you need some quick cash to fix something up around the house.
Sometimes that may be the cost of replacing a window or a door. Other times it might be a major appliance on the fritz. Of course, there are just as many things that may need repairs on the outside of the house as on the inside, right? You might need to fix the roof during the rainy season or remove a tree after a storm. Maybe you need to hire a pest-control professional to take care of an infestation of pesky critters or a tree service to trim back branches from your roof or powerlines. Maybe your fence got knocked down in that last big storm that blew through Kansas City, or a window got broken out when your kids were playing ball in the yard.
Whatever form they may happen to take, these kinds of repairs tend to show up at the worst possible time, often when money is already tight. Some experts say that you should set aside approximately 1% of your home's purchase price to cover maintenance and repairs throughout the year. Not all of us have that luxury, and sometimes one year hits a little harder than another and expenses add up. What do you do when money is short but you still need cash to cover repairs? Flex loans can get you the credit you need to get your house back in shape when an unexpected repair bill crops up.
All you need to get a flex loan in Kansas City or Overland Park is a drivable vehicle with a lien-free title, a photo ID, and proof of income. Like car title loans, flex loans use the title of your vehicle as collateral, but as their name implies, flex loans give you a little more flexibility. Rather than being a set amount based on a 60-day renewable contract, flex loans let you borrow up to a certain credit limit and are structured around a daily interest rate. Fortunately, they're still just as quick and easy to get as car title loans, and because you use your car's lien-free title as collateral, there's still no need for a credit check.
If you need a little quick cash for home repairs, just come in to Midwest Title Loans in Kansas City or Overland Park with your lien-free vehicle today, and let us help you get the credit you need with the flexibility that you want.Read more
August 21, 2017
Car title loans have been a valuable financial tool on the market for some time now, especially for those who may have less-than-perfect credit. Unfortunately, many people are still unfamiliar with title loans and exactly how they work. This can lead to confusion and lost time as people try to obtain title loans with liens still on their vehicles or otherwise attempt to get loans without completely understanding the ins and outs of the title loan process and in what situations car title loans are a good solution. Since one of the many benefits of car title loans is that they are so quick and easy to obtain, understanding the process can really help people out.
For the car title loan process, all that is required is usually a vehicle with a lien-free title and a photo ID. This is because the value of the vehicle is used as collateral in the loan. If the loan isn't repaid, the lender keeps the title and can claim the vehicle in lieu of payment. That's why the borrower has to be the owner of the vehicle, and it's also why the vehicle's title has to be lien-free.
What is a lien? A lien is a claim that a lender has over a vehicle. If a car, truck, or SUV was financed through a bank or other lending company when it was purchased, that bank or lending company is essentially a part-owner in the vehicle until all the car payments have been made and the financing is fully paid off. Some people jokingly refer to this as "renting from the bank." Until that financial obligation is fulfilled and the car, truck, or SUV belongs completely to the borrower, the vehicle's title is considered to have a lien on it from the bank or other financial institution, meaning that the borrower is not the sole owner of the vehicle. This makes it impossible to get title loans from most lenders.
This all may sound a bit complicated, but it's really fairly simple. In order to obtain a car title loan, a borrower needs to be the sole owner of the vehicle that they're using as collateral. This means that the borrower's name must be the same one that appears on the title. In the case of title loans with liens, the bank or other financial institution would be a "part owner" of the car, which is why most lenders don't issue title loans with liens on the vehicle.
However, if you have a lien-free vehicle, car title loans can be a great way to get quick cash in Kansas City, Overland Park, St. Joseph, or anywhere else in the metro area, even if you have bad credit. Just bring in your photo ID and your car's lien-free title to Midwest Title Loans in Kansas City, or get started now by filling out our Online Title Loan Information Sheet, and let us help you get the cash you need with a lien-free car title loan today!Read more
August 14, 2017
Summer is coming to an end in Kansas City. The heat is beginning to subside, football season is starting up, and the kids are headed back to school. For most of us, the end of summer comes with the realization that the holiday season is right around the corner. Sometimes that means excitement; other times it's cause for panic. Fortunately, there's no need to fret when car title loans in Kansas City can help you make this holiday season merry and bright—or spooky and fun, as the holiday dictates.
Some families don't decorate much for Halloween, but for many others it is a big deal. In fact, it's the second biggest holiday in America when it comes to spending and preparation. That means a lot of fake cobwebs and inflatable lawn ghosts! For Thanksgiving, you may just go to Grandma's house with little more than a bottle of wine and a casserole in tow. You may even choose to be a little more reserved this Christmas, opting for quality time with the family spent around the tree or in front of a roaring fire in lieu of a pile of gifts. Some folks prefer to stay in on New Year's Eve and toast the beginning of a new year with their loved ones without a lot of fanfare. Whatever you do for the holidays, though, they're a time for family and a time to make memories. Sometimes that also means spending a little bit of money.
Whether that means a professional spook show in your garage on Halloween, a trip to visit family out of state on Thanksgiving, plenty of presents under the tree on Christmas, or a big New Year's Eve blowout, helping your family to experience all the magic of the holidays sometimes comes with a price tag. Last year, Halloween spending reached $8.4 billion in the U.S. That averages out to around $100 per person. Besides the cost of Thanksgiving dinner, there are also all those tempting Thanksgiving weekend sales, and the total for Christmas spending last year was around $752 per person.
When money is tight, you may not always be able to drop that kind of cash on the holidays, but fortunately you can still make holiday magic by getting a little creative with your spending. If you still find yourself in need of quick cash to help make the holidays sparkle, though, car title loans in Kansas City, St. Joseph, and Overland Park are an easy way to get the money you need without jumping through a lot of hoops. Given how busy the holiday season can be, the fact that you can get in and out in as few as 20 minutes really helps!
How do car title loans work? All you need is a photo ID and a vehicle with a lien-free title, and Midwest Title Loans in Kansas City pretty much does the rest. If you don't have a lot of time to spare this holiday season, you can make the process even faster by filling out our convenient Online Title Loan Information Sheet before you come in!Read more
August 7, 2017
The economy has been growing at a steady pace for some time now, and businesses are starting to take note. Unemployment is at an all-time low, but companies are still growing and adding new positions, which means that many employers are trying to fill job openings from a shrinking pool of candidates. Sometimes this means luring workers from other jobs with more attractive pay and incentives. It's a seller's market where job seekers have the upper hand, but your next great opportunity could come with a few up-front expenses. Fortunately, you can help cover these costs with a bad credit car title loan in Kansas City.
If you're looking for a job, looking to make a career change, or even if you just see a great chance to climb the ladder right around the corner, now is a perfect time to seize the opportunity. While it may be a great time for job seekers, you may still have to travel for job interviews or spend a few bucks to sharpen your image in order to stand out from the crowd of prospective employees. While that will cost you a little out of pocket up front, there's sure to be a return on your investment if you land the job.
The problem comes when you don't necessarily have the ready cash to meet those out-of-pocket expenses. You may be able to get a new suit for as little as $200, but one that is going to impress at an interview may cost a little more. The average cost for a quality suit is estimated at around $500. A trip to the barbershop to spruce up your haircut can run you anywhere from $30 to $150, while airfare for an interview in another city runs an average of around $470. If you have to stay overnight, you're looking at another $155 for a hotel room and $30 or more for meals. You may also want to invest in some professional help in making your resume shine. A professionally written resume can run you anywhere from $80 to $350.
When you have bad credit and are short on cash, those expenses may seem insurmountable. Yet there's no denying the rewards that await if you can just land that sweet new job. Chances are it pays better than your current job, and it may help set the stage for the rest of your career and even start building better credit. What do you do? A bad credit car title loan in Kansas City can get you the quick cash you need—ranging anywhere from $150 to $5,000—and help you to really compete in that big job interview.
All you need to get started is a lien-free car title and a photo ID, and you can make the process go even faster by filling out our Online Title Loan Information Sheet. Then just come by Midwest Title Loans in Kansas City, and we can help you get the cash you need to look great and feel confident for your next job interview.Read more
July 20, 2017
Spring and summer are popular times for DIY home remodeling projects, especially here in Kansas City and the surrounding area, where the weather can be unpredictable at best throughout the year. Of course, even without the vagaries of the KC climate, home remodeling projects rarely go exactly as anticipated, no matter how well-planned they may be. Unexpected surprises can lead to skyrocketing budgets, and when that happens, a short-term loan in Kansas City may be just what you need to help make ends meet until the repairs are complete.
Of course, most home renovation and remodeling experts will tell you that the best time to tackle a remodel is when you've got plenty in the budget to allow for overages. But we don't always have the leisure to take on projects at the best possible time, and spring and summer can be appealing for any remodel that has to do with the exterior of your home, from replacing siding and doors to painting the house or constructing a deck.
Whether you're planning a small project or something a lot more ambitious, anyone who has watched a few of the popular home remodel or DIY TV shows can tell you that many projects around the house often uncover other problems or additional projects that call for a little more capital than you may have budgeted for up front. Even if you don't encounter some emergency that needs immediate attention, you'll often find yourself bundling projects together, rather than tearing everything apart again somewhere down the road.
After all, when you're tearing out walls, pulling up floors, or performing any other demolition, you may come across outdated or corroded plumbing, old wiring, worn insulation, crumbling drywall, cracked caulking, or moisture and mold that can all lead to higher out-of-pocket expenses. But no matter how carefully we plan, our home renovation budget is never unlimited, and when costs start to climb it can be comforting to know that a short-term loan can help you finish the project without breaking the bank.
Short-term loans also have the advantage of getting you the cash you need right away. After all, very few large-scale home projects have a truly open-ended time frame, especially if you started them during the spring or summer months in order to get them finished before the bad weather sets in. All you need to get a short-term loan in Kansas City is a vehicle with a lien-free title and a photo ID. From there, you just fill out some simple paperwork and you can drive off in your own car with a cash loan of anywhere from $150 to $5,000, based on the value of your vehicle.
So if you need quick cash to finish up that home remodel project in Kansas City, Overland Park, St. Joseph, or anywhere else in the metro area, all you need to do is contact Midwest Title Loans in Kansas City or fill out our Online Title Loan Information Sheet to get started today!Read more
July 20, 2017
Did you know that 97% of Kansas City businesses are small businesses? That's according to recent data from the US Census Bureau. What constitutes a small business? Well, for the Census Bureau, a small business is one with fewer than 100 employees. What do all these businesses have in common? One thing is that all of them require working capital in order to sell their products, pay their employees or contractors, and keep the business operating as it should on a day-to-day basis. Working capital is the money used in everyday operations, what keeps the lights on in the office, buys supplies, repairs or replaces broken equipment, and so on. But even the most successful businesses occasionally fall short of the working capital they need to cover all their day-to-day expenses, and when that happens, bad credit title loans can often bail small businesses out of a bind.
There are all sorts of reasons why a business—especially a small business or one that is still getting established—might temporarily fall short of the capital needed for day-to-day operations. It could be a miscalculation on the cost of goods or of profit margin, an over-investment in any aspect off the business, or an underestimation of the demand for a particular product or service. It could be as simple as a downturn in the market, or clients who don't pay their invoices on time.
Whatever the reason, small businesses, which tend to work on narrower margins than bigger corporations, are particularly susceptible to these sorts of market forces. But at the end of the day, any business can run up against a shortfall of working capital, and when that happens, it can be tough to keep the business afloat unless you can leverage credit or other financial assistance.
Compounding the problem is that many small businesses, especially those that are just starting out, don't necessarily have a robust credit history. After all, approximately 57% of people under the age of 30 have a below average credit score, often because they simply haven't had the time to build up good credit. So, when small businesses find themselves short of capital and without good credit to rely on, a bad credit title loan can help keep the business running until the flow of working capital picks back up.
While many traditional lending institutions may be leery of extending a loan to a business with bad credit or no credit, a bad credit title loan requires no credit check and can get you a loan ranging from $150 to $5,000 based on the value of your lien-free vehicle. That can be a lifesaver when payroll or the office utility bills come due.
Plus, because it uses your vehicle's title as collateral, you can keep your car while you pay off a bad credit title loan. All you need is a vehicle with a lien-free title and a photo ID, and you can get yourself and your business back on the road in as few as twenty minutes. To learn more contact Midwest Title Loans in Kansas City today, or fill out our Online Title Loan Information Sheet to get started!Read more