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What Is The Process To Get A Car Title Loan?

What Is The Process To Get A Car Title Loan?

How Do I Get a Title Loan Near Me?

Many people in Kansas, Gladstone, and Overland Park sometimes find that they need some additional cash to get through the week until their next paycheck. Whether it is because of an unexpected big expense like a breakdown of a major home appliance, some unexpected medical bills, or any other expense that sneaks up on you, finding that additional cash can be a big worry.

You can find the cash from a short-term car title loan in Kansas City convenient and you are free to use the cash from the loan as you choose. There are no restrictions or conditions on the usage of the cash from the loan.

car title loans

If you have less than stellar credit you may find that traditional lenders are not going to be an option for you, and other sources available to you may not be fast enough.

If you are in this position, a car title loan like those provided by Midwest Title Loans may be the answer you are looking for.

How Do Car Title Loans Work?

A car title loan is just what you might expect from its name — a loan against the title of your car. You simply drive your car to the car title company’s office, have the vehicle valued there, and sign a loan document. Your title must be lien-free to qualify for a car title loan with any title loan lender.

Most of the loan application process can be performed online at the Midwest Title Loans website. You can fill in all of your pertinent details and get an idea of how much you’ll be able to borrow. This makes the process even faster if you’d like to get your loan as quickly as possible.

Midwest Title Loans makes the process easy by offering multiple locations in the Kansas City area, so there is sure to be one located conveniently for you.

All you do is drive your vehicle to one of Midwest Title Loans locations, bring your title and photo identification with you, and fill out a simple uncomplicated loan application.

While you fill out the loan application, the title loan officer will perform an evaluation on your vehicle to determine the value of the vehicle that can be used as loan collateral.

Getting approval for a loan at a car title loan provider is a lot easier than getting a loan through other means if you’ve had credit problems in the past. No credit check is performed, and the amount you’ll be lent is dependent on the value of your vehicle.

Your credit rating won’t be negatively affected by this loan because the lender doesn’t perform a credit check.

Midwest Title Loans will work with you to determine the loan terms and repayment plan that will fit your income and budget. All you have left to do is sign the uncomplicated loan documents, get your cash, and drive off with your vehicle.

While your loan is active, Midwest Title Loans will hold on to your car title. You can use your vehicle in the meantime and no one will know that you have a title loan taken out on your car. When your loan is repaid, you get your car title back.

Another added convenience is that by being an established customer of Midwest Title Loans that has already repaid a loan you are able to come back and get a new loan easily should you again find yourself in the position of needing a short-term infusion of cash.

How Do I Choose a Car Title Loan Provider?

As in any business field, there are quality and honest companies – and some companies that are not so scrupulous.

Midwest Title Loans is one the oldest and most respected of all title lenders in the Kansas City area. Midwest Title Loans has gained its reputation by providing excellent customer service for more than 23 years in the greater Kansas City area. The Better Business Bureau has never had a recorded complaint against the company, which should give you another measure of comfort.

The title loan process is a fast and simple process to quickly get the cash you need to get by those short-term cash crunches that most people face from time to time.

What Is a Flexible Title Loan?

Midwest Title Loans offers an additional product – the Flex Loan. A flexible title loan is a more advanced version of the standard title loan. A title loan in Kansas usually lasts for 30 days. Some people prefer this shorter loan term period as it means they’ll repay the loan quickly and move on.

A flexible title loan essentially allows you to extend the period of your loan over a longer time as long as you repay the minimum repayment each month.

Sound familiar? A flexible title loan acts somewhat like a credit card, but the amount you can borrow will be a lot more than with a credit card if you’ve got poor credit and a good car. The flexible nature of the loan means people often use a flexible car title loan for potential emergencies.

Why would you use a flex title loan as an emergency fund? There are multiple reasons.

  • You don’t pay any fees or interest at all when you’re not using the car title loan.
  • Your line of credit remains open for as long as you want; you can dip into it as needed.
  • Interest is calculated daily (instead of monthly that other options might charge), so if you borrow money for just a few days you’ll only pay a tiny amount of interest.
  • Your credit line will be bigger than other credit lines as your car is used as collateral.

For more information on title loans and flex loans in Kansas City, get in touch with Midwest Title Loans today.

 

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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

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

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

COVID-19 Update

Due to the crisis of Covid-19, we will be temporarily closing our offices on Saturdays to allow our staff to be with their families. We will be back to normal hours as soon as we can. Stay safe and healthy during these trying times.