December 28, 2020
How a car title loan from Midwest Title Loans can help you improve your credit score.
The holidays are HARD on our finances. The friendly team members at Midwest Title loans can help you get back in good graces with your credit bureau with a car title loan and it is as easy as 1, 2, 3 to get approved and cash in your hand fast. Because Midwest Title Loans is one of the oldest, largest, and most-respected title loan companies in the Kansas City area, you can trust us to help you through the process of receiving a car title loan without fuss. At Midwest Title Loans, there is no need for you to have good credit to get a car title loan. There is no need for a credit check when applying or even for being approved to get a quick cash loan. Your information is kept secure from major credit bureaus and even your bank, so your credit score will not be negatively affected by you receiving a car title loan from any company.
What is a Car Title Loan?
A car title loan from Midwest Title Loans is an easy way for you to get cash in your hands today without needing a perfect credit score. Getting a car title loan is also a simple way to improve your less than perfect credit score. Using the cash you borrow when obtaining a car title loan will not negatively affect your credit score because Select Title Loans does not do a credit check, and therefore does not report your application or approval to any major credit bureaus ever.
After evaluating your vehicle’s value, walking you through an application and looking over your budget and monetary needs, your Midwest Title Loans representative and yourself will decide together how much money you can borrow with your car title loan. A car title loan uses your lien-free car title as collateral for the loan until you pay the full amount of the loan back – it’s low credit lending, so great for people with low, bad or no credit. Once the loan is completely paid off by you, you get your car title back.
How a Car Title Loan Can Help You Improve Your Credit Score
A quick cash loan from Midwest Title Loans can help improve your credit score by giving you the cash you need now to make payments on bills, student loans, and credit cards. By paying down those credit score obligations with cash now, means your credit score can start reflecting those on time payments.
By having cash in your pocket quickly, you can also use the car title loan money on unexpected bills or emergency payments. When you have extra cash to spare, you do not have to use your credit cards and continue adding debt to those credit cards.
Extra cash also means you have time to recover from any other emergency type situations you may have needed to use a credit card for; unemployment, bills stacking up, medical emergencies, natural disasters, emergency home repair, student loans, etc. Life comes at you fast, that is why getting money needs to be even faster. Your Midwest Title Loans representative will also walk you through your repayment process; when your payments will need to be paid, any rescheduling that you may need, and your final paid-in-full payment. Repayment schedules vary between each different person and each budget and each special situation.
Since you do not need to have a perfect or even good credit score, Midwest Title Loans does not need to do a credit check and will only need to verify your ability to pay the loan back (with pay stubs and a steady employment history) and by using your lien-free car title as collateral for your loan, this means your information is not shared with any major credit bureaus or even your own bank.
The Easy Car Title Loan Approval Process
Getting a car title loan is easy and the experts at Midwest Title Loans are ready to help you and walk you through the entire process. All you need to begin the process is by bringing in your vehicle for an evaluation, also bringing in your lien-free car title and a photo ID, filling out an application, and chatting with your Midwest Title Loans team member about your monetary needs and ability to pay back the loan amount.
Since Midwest Title Loans will use your vehicle’s lien-free title as collateral for your loan, there is no need for any type of credit check. Your information will always stay confidential, even from any major credit bureaus and your bank.
Once you are approved for a car title loan, do not worry, you will be able to drive away in your own car while Midwest Title Loans holds on to your vehicle’s title as collateral for the loan you have borrowed. You will have your car and also the extra cash you need in your pocket in under 30 minutes.
Paying Off Your Car Title Loan
Paying off your car title loan is easy… that’s what this whole process is for! Once you have paid off the full amount of the loan, you will get your car title back and drive off! Everything is done. If you need more time than the allotted time frame agreed upon (usually around 30 days) then your Midwest Title Loans representative can help extend your loan. The team is dedicated to helping you and your situation and budget needs.
Here’s How You Can Get Started on Improving Your Credit Score
If you are ready to start your journey to improving your credit score, now is the time to contact our professionals at Midwest Title Loans in the Kansas City area. If you would like to get pre-approved today, you can start by filling out our online form here. If you have more questions about car title loans or the approval process, you can contact our team here or visit one of our Kansas City area locations.