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Getting Flexible Cash with Flex Loans

For Extra Cash, Try a Flex Loan from Midwest Title Loans in Kansas City

flex loans in Kansas and Missouri

The holidays have come and gone, and with them came increased spending on gifts, travel, and other expenses. If you’ve found yourself left in a financial bind thanks to the extra holiday spending, then you may be looking for quick ways to make a little extra cash. While there are many options available to you, one of the most straightforward solutions is a flex loan.

Simply put, flex loans are short-term loans that act as a revolving line of credit. A line of credit is a loan that allows the borrower to draw amounts of money against the credit line up to a predetermined credit limit. The loan typically requires interest payments to be made at specified intervals (usually monthly) on the daily outstanding balance. Principal payments can be made at the borrower’s discretion whenever they have cash available, with the full amount to be paid back at the end of a specified term or based on specific events. During the period that the line of credit is open, the borrower can repay and re-borrow amounts up to the limit of the credit line.

Types of Flex Loans

There are different types of flex loans available from lenders, but all are usually tied to certain types of collateral. These flex spending loans are generally available at lower interest rates because this. Some businesses have flex loans that are collateralized by accounts receivable or inventory.

In Kansas City, Midwest Title Loans is your top source for quick and easy flex loans. Specifically, we use your car title as collateral, which ensures low interest rates and flexible payment terms for you.

Flex Loans vs. Car Title Loans

While similar in nature, a flex loan isn’t quite the same as a car title loan, even when your title is used as collateral for the flex loan. A typical Kansas title loan is a specific loan made against the title of your vehicle and requires regular payments of principal and interest (usually weekly or monthly) to repay the amount of the loan within the specified term. When the loan is paid off, the loan account is closed, and if a borrower were to need additional funds they would have to go through the application and paperwork process to receive a new loan.

A flex loan instead allows the approved borrower to receive fund advances when they need them up to their pre-approved credit limit. The borrower doesn’t need to borrow the full loan limit and can pay down the balance when they have money available. Interest is paid on the flex loan only against the outstanding balance – not against the total credit line (unless the full line is borrowed). Even if the borrower repays the line of credit in full, it remains open so that the borrower can withdraw funds again without having to go through any reapplication processes.

How Do You Get a Kansas Flex Loan?

The process for obtaining a flex loan is simple. The requirements are are simple and all you need to start the application process is

  • To be 18 years of age.
  • To have a drivable vehicle (which will be evaluated by Midwest Title Loans’ professionals).
  • To have a lien-free title to the vehicle in the your name
  • To have a valid current photo ID, such as a driver’s license
  • To have verification of income, such as current pay stubs or a letter from your employer.

From there, the process is simple to get the extra cash you need from Midwest Title Loans. Unlike traditional lending options, there’s no credit check to pass, as your clear vehicle title is accepted as collateral and your proof of income shows your ability to repay the amount of the loan.

A flex loan in Kansas provides a safe, alternative lending option for you to get the additional cash you need to make up for the holidays (or at any other time of year!). Give yourself the peace of mind found in knowing you have extra funds available for an emergency. We’ve got you covered at Midwest Title Loans. Give us a call today, or visit one of our four convenient locations in Gladstone, MO; Kansas City, MO; Kansas City, KS; and Overland Park, KS.


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330 W. 85th Street
Kansas City, MO 64114
Phone: (816) 363-8600
M-F: 10:00am – 6:00pm
Sa: 8:00am – 1:00pm

6420 North Oak Trfwy
Gladstone, MO 64118
Phone: (816) 436-7711
M-F: 10:00am – 6:00pm
Sa: 9:00am – 2:00pm

8212 Metcalf Ave.
Overland Park, KS 66204
Phone: (913) 381-2222
M-F: 10:00am – 6:00pm
Sa: 9:00am – 2:00pm

2500 State Ave.
Kansas City, KS 66102
Phone: (913) 281-9997
M-F: 10:00am – 6:00pm
Sa: 9:00am – 2:00pm