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Are There Any Downfalls of Getting a Title Loan Near Me?

Are There Any Downfalls of Getting a Title Loan Near Me?

If you’re searching for a title loan near me, you’re probably wondering if a title loan is the right choice for you. When you need money, there are a lot of options. You can go to a bank and get a loan. You can open a line of credit at a bank or credit union. You can borrow from a friend or relative. The list goes on and on.

If you have a good credit, you’ll probably be able to get a loan or line of credit from a bank or credit union. However, the process can be time-consuming and tedious. You may have to prove your employment by showing your pay stubs, in addition to a number of other requirements.

And if you have low credit, you have a few options, and a title loan is one of them. If you aren’t sure what a title loan is, you may not be comfortable moving forward, until you know exactly how it works. Here are some common concerns that we’re here to clear up, while you’re searching for a title loan near me.

6 Concerns of Getting a Car Title Loan Near Me in Kansas City

Will a title loan affect my credit negatively?

No. Getting a car title loan won’t affect your credit negatively. There are a few reasons that loans, in general, can affect your credit negatively in the long run.

For instance, if a loan application requires a credit check. At some banks and credit unions, your application will require a credit check. In some cases, credit checks can lower your credit score. When you come to Midwest Title Loans for a car title loan near me, we don’t require credit checks, so there is no reason to be concerned about your score being affected by your application.

Also, if you have a loan or line of credit that requires you to make monthly payments, you can take a credit hit if you don’t make them on time. When you miss payments that are reported to the major credit bureaus, you will likely see a drop in your score. A title loan is different, because we only provide short-term loans.

Many times, our customers have low credit. So, we take extreme measures to make sure that our customers’ credit scores are safe, while they get the money they need to take care of their pressing financial needs.

Will I lose my title?

No. You certainly will not. If you haven’t gotten a title loan before, you may be wondering how a title plays into all of this. We only require a lien-free title as temporary collateral, while you pay off your loan. We do not keep it permanently. Once your loan is paid off in full, we are more than happy to give you back your title at the Kansas City Midwest Title Loans location that we helped you at.

Will I lose my car?

No. You will not lose your car. Your car is not a part of the collateral that we need from you, when we issue your title loan. We only temporarily keep your lien-free title. The only thing that we require from your car is that it’s driveable, and we can inspect it. When you come into one of our Midwest Title Loans locations in Kansas City for your short-term funds, we will inspect your car, so that we can determine how much money we can loan you. You car’s value determines the amount that you will receive, between $150 and $5000.

Is there a long-term contract?

No. One of the best benefits of Midwest Title Loans’ car title loans are that we don’t have any long-term contracts. Our contracts are short-term, so that you can quickly pay us back. We want to help you get back on your feet when bills are piling high, and we don’t want to lock you into a long-term agreement with us.

Will I pay a lot of interest?

No. With a title loan at Midwest Title Loans, you will pay much less interest than if you were getting a loan or a line of credit at a local Kansas City bank or credit union. Since title loans typically serve the need of being a small, short-term loan to fill a gap in finances, we want to make it easy on you to pay it back quickly, so you don’t have to pay as much interest. The goal is to help you get your short-term needs covered, and then you can pay us back after your next paycheck or so.

Is it a long process to get a title loan near me?

No. When you choose to get a title loan near me at Kansas City’s Midwest Title Loans, you’ll be impressed by how easy it is to get the funds you need. The process can take as little as 20 minutes.

To get started on a title loan to cover your short-term financial needs, you’ll want to fill out an application on our website. Once you’ve done that, you’ll want to gather a few documents to show us when you come to your nearest Midwest Title Loans location, including:

  • Your lien-free title – The title has to be in your name, issued in Kansas or Missouri, and debt-free (lien-free). You cannot owe any money on it.
  • Your insurance card
  • Your driver’s license or ID – You must be 18 or older.

Once you’ve gathered these documents, drive your car that your title is for to the Midwest Title Loans location nearest to you. We will inspect your car to determine your car’s value, and we will tell you how much we can loan you. Once we’ve agreed on the amount and terms, we will take your lien-free title temporarily, while you use the funds for whatever you need. Once your loan is paid off, you can get your title back at any time.

Start the Short Application Process at the Premier Title Loan Provider in Kansas City

Have any more questions? One of our customer service representatives will be happy to answer any questions about getting a title loan near me at one of our Midwest Title Loans locations. Whether you’re in Independence, Kansas City, Overland Park, or somewhere else nearby, we can help you with your financial needs. Call or contact us through our website to get started today!

Proudly Serving the Kansas City Metro Area

Midwest Title Loans proudly provides car title loans near me in 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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330 W. 85th Street
Kansas City, MO 64114
Phone: (816) 363-8600
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6420 North Oak Trfwy
Gladstone, MO 64118
Phone: (816) 436-7711
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8212 Metcalf Ave.
Overland Park, KS 66204
Phone: (913) 381-2222
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2500 State Ave.
Kansas City, KS 66102
Phone: (913) 281-9997
M-F: 10:00am – 6:00pm
Sa: 9:00am – 2:00pm