August 17, 2020
Fall Home DIY Projects that Title Loans Can Help You Pay For
Car Title Loans Can Fund Home Improvement in Kansas CityTitle loans, which give you cash in hand fast, are the perfect way to get the capital you need to make improvements on your home, even if you have bad credit! Because Midwest Title Loans provides short-term loans, it’s smart to use that quick cash to make improvements that can be seen as an investment on your home. Improving the overall value of your home for potential buyers and appraisal professionals is always a good idea. Things like curb appeal and proper maintenance of your home can improve the worth of your home, and of your neighbors’. Fall is the perfect time to invest in your home, as there are several things that you’ll want to do to prepare for winter anyway. Here in Kansas City, we can have winters with lots of snow and ice, causing damage to gutters, roofs, driveways and even our foundations. At Midwest Title Loans, we’ve come up with four great DIY home projects that a car title loan could fund to improve your home.
Pay for Gutter Repair and Gutter Guards with Your Bad Credit LoanWith fall just around the corner, the leaves on our big trees will start to fall and accumulate in yards and on roofs and begin filling gutters. Installing gutter guards on your home can help prevent wet leaves from weighing your gutters down, causing them to sag, get clogged, or break. To install gutter guards, you’ll just need to purchase them from your local hardware store in Overland Park, Kansas City, or Gladstone. Then, grab your ladder to access your roof, and follow the instructions on the product you purchased. All of this can be paid for with quick cash from a title loan near you because it’s a very affordable upgrade. Don’t forget to clean your gutters out before installing the gutter guards, and then look forward to that being the last time you need to extensively clean your gutters!
Use a Title Loan to Pay for Appliance MaintenanceFall is a great time to get your major appliances inspected. You’re about to turn on your furnace for the first time in months and simultaneously shut off your air conditioner. It’s best to make sure they’re in great shape, and it’s much less expensive to perform annual maintenance on your appliances than to perform large repairs or buy new ones if something breaks down, especially if you have bad credit. To put it into perspective, you might pay $300 for HVAC maintenance, but a whole-new system will cost you up to $10,000! You don’t want your furnace (or air conditioner) to stop working because you forgot to keep up on maintenance on one of those days with extreme Kansas City weather. For example, don’t suffer through those blizzards that always seem to fall on Sunday night! When you have an expert come out to inspect your appliances, they’ll perform recommended maintenance, and you can use your title loan quick cash to make the necessary repairs.
Get Your Roof Repaired with Your Fast Cash in Kansas CityYour roof’s condition and improvements can hold advantages that are both practical and that will benefit the overall curb appeal of your home. First, consider when your roof was installed. Most roofs tend to hit the end of their lifeline between 20-30 years and may need to be replaced entirely. If that’s the case, consider hiring a professional to ensure the installation is high-quality and will protect both your home and your family. If it’s less than 20 years old, you can look for things like water spots inside your home and on the eaves that can be indicative of water getting under your shingles in the wrong places. Typically, a repair like this can be a DIY improvement. You simply need to remove the damaged shingles and moisture barriers and replace them with new ones. It’s important to look at making this improvement before our midwest winter sets in to avoid this becoming something bigger than a DIY project. Grab a ladder and hop onto your roof to inspect the rest of your shingles and flashing. Look around for damaged shingles and any that may not be fully secured. Sometimes the strong winds in Gladstone and Overland Park can cause the edges of our shingles to pop up or will remove shingles entirely. Some quick cash from a title loan should be enough to help you fix these minor issues before the elements of winter move in to cause more damage.
Maintaining your FoundationDepending on which neighborhood of the Kansas City metro you’re in, your foundation may vary. You might have a regular concrete basement, or a dirt crawl space, or, in a very old house, stone! While each of these foundations can pose its own problems, the constantly shifting ground in the area forces us to be vigilant in monitoring what’s holding up our home. To keep an eye on your foundation’s condition, you can do a “fall walk around” of your home. Stroll around the interior and exterior of your home to check for cracks and moisture that wasn’t previously there. Check to make sure the ground around your home is directing water away from your foundation and basement. If you have a major foundation issue, a DIY fix probably won’t be your best bet. But for minor, aesthetic cracking, you can fix them and seal your foundation to prevent moisture in your basement, keep out pests, and leave your foundation in good shape. You can also use your title loan to do things on the exterior of your foundation, like install french drains or grade your yard to encourage water to flow away from your foundation and maintain the integrity of your home. Most of these changes can be DIY projects that are perfect for completing in the fall.
Where to Find a Title Loan Near YouIf DIY home projects are on the brain, or if you’re looking to improve the value of your home, but need funding, it’s easy to get a car title loan in Kansas City, Overland Park, or Gladstone. Midwest Title Loans has been serving the greater Kansas City area for decades by providing quick cash for home improvements just like the ones we mention above. Bring in your clear car title today, and we’ll let you know how much quick cash you qualify for. You can walk away with the money you need to perform necessary home maintenance! Find a Midwest Title Loans location today, and get started on your fall projects! Read more
August 10, 2020
Can I Get a Title Loan While I’m on Unemployment?
How to Get Fast Cash in the Kansas City Metro AreaThe coronavirus pandemic has brought on an onslaught of lost jobs and unemployment, leaving plenty of people who were living paycheck to paycheck in dire need of cash. Even those who had a savings account are starting to feel the pangs of being jobless month after month. Times are tough, and there’s no light at the end of the tunnel just yet. Planning for expenses seems daunting, and sometimes hopeless. For those who find themselves in a tough spot before their next unemployment check or payday, Midwest Title Loans can help.
How Do I Qualify for a Title Loan Near Me?In the Kansas City metro area, qualifying for a title loan is as simple as owning your car. Lucky for you, you haven’t been paying on a car loan during the pandemic. That’s how you’ll know that you own your car outright, and there’s not a lien on your car through a bank somewhere. If, however, you do owe a bank money on your car, you won’t qualify for fast cash with a title loan. If you do own your car, you’ll need to locate your car title. We’ll need this document to verify your ownership, and certify the title loan. You’ve probably filed away your car title in a folder or security box somewhere. Once you’ve located that document, you’re halfway there. To qualify for a title loan, you’ll also need a government-issued ID. If you own a car, you probably have a driver’s license that will work for this identification. If you don’t have a valid driver’s license, you can also use a U.S. passport or a state-issued photo ID to qualify for your car title loan. Both of these documents become your ticket for securing a car title loan for a couple hundred to a couple thousand dollars. You don’t need to bring along anything else! So, in short, we have good news for you. At Midwest Title Loans, you can get a title loan while you’re on unemployment!
How Much Quick Cash Can I Get?The amount of quick cash you qualify for is dependent solely on your car. We don’t take a look at your credit, which makes our services often the only option for people who need a bad credit loan. We don’t look at your payment history, or verify your employment. And because of this lack of background check, this means you don’t have to fill out nearly as much paperwork as you would for a traditional loan -- and no, we won’t need the middle name and blood type of your third aunt removed. A car title loan is private and confidential, and no one but you and us will know you’ve applied. At Midwest Title Loans, we’ll take a look at the make, model, year, and condition of your vehicle. We’ll consider all of these factors when we determine how large of a loan you will be able to secure, as well the amount of money you tell us you need.
What About a Flex Loan?If you’re looking for a more regular solution to your cash flow troubles, a flex loan might be right for you. A flex loan works in a similar fashion to a title loan, using your car as collateral for a loan balance. The difference between a flex loan versus a title loan is that a flex loan grants you a total amount that you can borrow against, but you don’t have to take the total amount all at once. You can take what you need, as you need it, pay it off, and borrow it again. To get a flex loan, you’ll just need to go through the application process one time at the beginning and learn your qualifying amount. For a flex loan, you will need verification of employment, such as a letter from your employer, to qualify. Then any time you need cash, you can call our office and let us know how much you need to borrow from your line of credit, and we’ll have it ready when you arrive. Flex loans have a daily interest rate until the amount is paid back, but the rate is only applied to the cash you need to take out and use. For example, if you have a bill due several days before pay day, you can borrow from a flex loan and then pay it back on pay day with only a few days’ worth of interest. This option is helpful if you find yourself still employed, but short on cash because shifts are fewer, shorter, or slower.
What Do I Need To Do To Get Quick Cash?To get started on the path to securing a car title loan, fill out our information form online. Answering a few quick questions will make your normally quick visit to Midwest Title Loans even quicker. If you don’t have access to a computer that you can fill out the form on, or you just don’t have time before you swing by one of our locations in Overland Park or Gladstone, that’s OK -- you can fill it out when you’re ready to come by one of our locations throughout the Kansas City metro area. If you have all of the above mentioned documentation, you’re qualified for a car title loan with Midwest Title Loans, even if you’re currently on unemployment. You’ll need to bring in all of these documents, along with the car associated with your car title to complete the application to one of our locations in Kansas City, Overland Park, or Gladstone to complete the application process. Even without filling out the form in advance, the process for gaining approval on your quick cash loan normally takes only 20 to 30 minutes. That’s why they call it quick cash! Come by one of our locations today to get started on your car title loan. Read more
July 27, 2020
Three Short-Term Loan Options that Can Help in an Emergency
Find Fast Cash Near You in the Kansas City AreaEmergencies don’t get their name because they’re predictable. They’re called emergencies because they require quick action and quick thinking, and no one saw them coming. Everyone will face at least one emergency at some point in their lives, and often that emergency requires some form of payment, to get medical care, to pay an unexpected bill, or to make an important and necessary purchase. Navigating an emergency can be tricky if it requires money that you don’t have in that moment. And getting cash fast seems like a thing that only happens in the movies or our imaginations. However, in Kansas City, Missouri and surrounding areas, getting fast cash is completely possible in as little as 20 minutes, thanks to Midwest Title Loans. If you need money quickly, Midwest Title Loans offers three loan programs that can help you get what you need and get on with your life.
Kansas City Installment Loans“Installment loan” is another term for a personal loan, or any loan that is repaid with regularly scheduled payments in consistent amounts. Car loans and mortgages are considered installment loans, but often those require you to have a good credit history. If you don’t have great credit, or maybe you’ve made some financial mistakes in the past, you can still get an installment loan from Midwest Title Loans. We offer two installment loan options for people with challenged credit. The first is a collateralized loan, where you are borrowing money in order to make a purchase, such as a car, computer, or kitchen appliances. The item you buy using the loan becomes the collateral for the loan. The second type of installment loan is a non-collateralized loan. This is a personal loan that doesn’t require putting up an item for collateral. It is given based on your ability to repay the loan. Non-collateralized loans may have higher interest rates because of the lack of collateral. Many people use this type of loan to consolidate debt or pay off urgent bills before they go into collections. When you take out an installment loan from us, we’ll set up a monthly payment plan, in which each payment includes a portion of the original amount of the loan, plus interest your loan has accrued. The amount you must pay each month depends on how much money you need to borrow, the interest rate we can give you for the loan, and the length of time you choose to have the loan, sometimes called the loan term. You will agree upon all of these during the application and approval process; we will never surprise you with this information. To apply for and qualify for an installment loan in Kansas City, you must first complete a brief credit application, indicating why you need the loan and the amount of money you need. All loan applicants must be 18 or older and are required to provide proof of employment. Once you are approved, one of our loan advisors will discuss your loan with you and help you choose your loan term and calculate the amount you can afford to pay back each month. When you sign the paperwork, you can leave our 85th and Wornall location with your money in hand!
Car Title Loans in Missouri and KansasA car title loan is very simple. It’s a short-term loan that uses the title of your car as collateral. It doesn’t require any credit checks, so it doesn’t matter what your credit score is. To qualify for a title loan, you must be at least 18 years old and bring your car in for an evaluation with its lien-free title in your name. We’ll ask you a few questions to complete an application for you (or you can complete it online yourself before you come in). When you’re approved for the loan, sometimes in as little as 20 minutes, you can leave with the cash and drive away in your car. While your loan is active, we’ll hang onto your car title. You can continue driving your vehicle in the meantime, and when you pay off your title loan, we’ll return your car title. A title loan is the most common loan we process at our four Midwest Title Loans locations.
Flex Loans Near Waldo in Kansas CityA flex loan, like a car title loan, uses your car title as collateral. However, it is structured more like a line of credit, which allows you to borrow money against your car title any time you need it, up to the limit we discuss when you take out the loan. When you’re approved for the loan, you’ll receive a credit limit which you can borrow against any time, as often as you need to. You never have to borrow the full amount, and you pay a daily interest rate only on the money you’ve borrowed for the length of time you’ve borrowed it. Unlike a car title loan which changes to a “closed” status when you pay it back, a flex loan remains open. You can borrow money again and again without filling out a new application or providing us with additional information. When you need money from your flex loan line of credit, just call us to let us know how much you need, and we’ll get your cash ready for you to pick up at your convenience. You can take out a flex loan at our location at 330 W. 85th Street in Kansas City.
Get Emergency Money in Gladstone and Overland ParkIf you find yourself short on cash during an emergency, visit one of our four Midwest Title Loans locations across the Kansas City metropolitan area. In as little as 20 minutes, you can leave with the money you need to take care of the emergency you’re facing. We work with all our clients to ensure they can comfortably pay back any loan they borrow from us. Because we’re focused on customer service and helping people in the Kansas City area, our reputation as one of the best short-term loan providers is well-deserved! Come see us at 85th and Wornall in Kansas City, Missouri; 82nd and Metcalf in Overland Park; at State Avenue and Washington Boulevard in Kansas City, Kansas; or NE 64th Street and N. Oak Trafficway in Gladstone to learn how we can help you get the money you need and deserve. Read more
July 6, 2020
Cover Back-to-School Expenses with a Title Loan in Kansas City
Upfront College and Other Education Costs Can Be Paid with a Short-Term LoanAlthough Kansas City Public Schools don’t plan to head back to class until after Labor Day, and even then, children will attend classes virtually, school supplies are still a necessity, especially for those planning to head off or back to college at the University of Kansas, University of Missouri-Kansas City, University of Central Missouri, or Johnson County Community College. Changes to learning structure can also mean your child needs additional supplies and support to be successful in the 2020-2021 school year. If you weren’t able to plan ahead to save money to cover the costs, but back-to-school time, even virtually, is nearing, you’ll need to find a way to pay for these very important materials. A car title loan in Kansas City can help you pay for school supplies and college fees while you’re between paychecks or short on cash, so your child is set up for success for the coming school year. Midwest Title Loans, with four convenient locations in the metro area, can help you get cash fast.
How a Title Loan WorksTaking out a short-term car title loan is quite simple. Just bring your vehicle, it’s lien-free title, and your photo ID to a Midwest Title Loans location in Overland Park, KS; Kansas City, MO; Kansas City, KS; or Gladstone, MO. After a few quick questions and vehicle evaluation, you can walk away with cash in your hand based on the value of your vehicle, the amount of money you need, and your monthly budget. Our car title loans are 60-day renewable contracts, so you have 60 days to repay your loan or renew for a second term, and you get to keep your car. If you need more than 60 days to pay back your loan principal and interest, we are happy to work with you to extend your loan term. Almost anyone can qualify for a title loan. All you need is to be at least 18 years of age or older and possess a clear, lien-free title to a car you own, a photo ID, and your vehicle. Learn more about how to get a title loan.
How a Title Loan Can Help You Pay for SchoolDepending on the value of your car and your monthly budget, you could leave a Midwest Title Loans location with a significant amount of cash in your pocket! How you spend it is totally up to you. But if back-to-school costs are your focus, here are a few great ideas you can use your new cash to pay for. Tuition deposits or room and board deposits. The average U.S. college costs almost $18,000 per academic year to attend. Many students qualify for scholarships, student loans, and grants, but families can still be left to pay a deposit on their tuition and room and board fees. A car title loan could get you enough money to pay these fees and hold your college student’s place at their selected university for the year. Basic school supplies. It seems that school supply lists, even in elementary school, get longer and longer every year. As your student approaches upper grades, they may even need pricier supplies, like a scientific calculator, a more sturdy backpack, or additional items for elective classes that pique their interest. Even a small title loan can cover much of these costs, and you can check off the boxes next to every supply on your student’s list. Back-to-school clothes or school uniforms. Two things are absolutely true: children don’t stop growing, and fashions don’t stop changing! A short-term loan from Midwest Title Loans can help you purchase clothes and school uniforms to refresh your child’s wardrobe. A title loan is also a great option if you need to outfit all your children in new sneakers or boots and winter coats as colder temperatures roll around. What worked in the heat of summer, just won’t cut it in cold Kansas City winters. Personal computers, laptops, or tablets. Especially if your child will be taking part in virtual learning, having their own computer or tablet to use as they log in to Zoom meetings with their teacher or professor, as well as the technology to use educational apps or complete homework can keep them on-task and learning at grade-level. College students may need to purchase additional software for their degree programs, especially if they’re pursuing fields like graphic design, accounting, or architecture. Your title loan could cover the purchase price of these. College textbooks. You’re a smart shopper and know to find used textbooks outside of the university bookstore, especially on used book websites. But even then, the cost of multiple discount textbooks still add up, and your student needs all of them to master the knowledge in their courses. Athletics fees. School athletic programs tend to ask for monetary contributions from the student-athletes’ families to pay for uniforms, bus trips, and other necessities. Your car title loan can help fund your child’s athletic team and let them enjoy camaraderie with their teammates instead of sitting on the sidelines.
Where Can You Find a Car Title Loan in Gladstone and the Surrounding Area?Midwest Title Loans has been a fixture in Kansas City for more than two decades, and we’re easy to find, too. To apply for a title loan and walk away with quick cash today in the KC area, visit our locations at 330 W. 85th Street in Kansas City, MO; 6420 N. Oak Trafficway in Gladstone, MO; 8212 Metcalf Avenue in Overland Park, KS; or 2500 State Avenue in Kansas City, Kansas. To make the process even faster, you can fill out our info sheet online in advance of your visit. One of our finance experts will walk you through the process and help you get the money you need for back-to-school expenses to set your children up for success. You can leave with cash in your pocket in as little as 20 minutes! We look forward to meeting you and providing solutions to your financial needs. Read more
June 22, 2020
Ways to Spend Your Flex Loan This Summer
Your Kansas Line of Credit Can Fund Important PurchasesThere are no rules about how you should spend your flex loan from Midwest Title Loans this summer. How you use your cash is up to you -- and we know all of our clients have a good reason for requesting a loan. We’ve compiled a list of common ways our valued clients use their money so you can get an idea about how a flex loan might benefit you. First, let’s discuss the basics!
Flex Loans in Kansas City, KansasA flex loan is technically a line of credit that you are approved for based on the value of your car and your ability to pay back a loan based on your income and monthly budget. Like a car title loan, a flex loan uses your clear car title as collateral for the loan. Flex loan lines of credit let you borrow up to a certain limit whenever you need money. You can borrow the full amount of credit we extend to you, or you can borrow smaller amounts. As you pay back the money you’ve borrowed through your flex loan, you increase your available credit, until it reaches its full amount when you pay it off. You can leave your account open with us and borrow cash against your line of credit at any point without having to reapply or seek approval for a new loan. Just call us before you visit one of our Kansas locations and we’ll have your money ready for you when you arrive. Qualifying for a flex loan is simple. Even if you have bad credit or a scarred credit history, you can still be approved for a loan at Midwest Title Loans, where we never check your credit. To get a Kansas flex loan, you must be at least 18 years old, show us your valid photo ID, provide proof of employment, and bring both a drivable vehicle and its lien-free title in your name when you apply.
Interest on Flex Loans in Overland Park, KSInterest on flex loans is calculated on a daily rate, but you only pay interest on the amount of money you’ve borrowed, for the duration of your loan. For example, if you borrow money for one week, and pay it back with your next paycheck, you are only charged interest for the week you borrowed the money. When you pay back money you borrow, your line of credit remains available to you, interest-free, should you need cash at a later date. You can borrow from your line of credit over and over again, and only pay interest on the amount of money you have out at any given time.
Spending Your Flex LoanNot sure if a flex loan is right for you? Here are some ways our clients use the cash they get from us to improve their lives. Home repairs. Patching a roof, putting down new flooring in a bedroom, or retiling the shower stall can be surprise necessities that you simply weren’t prepared to pay for, but are important for safety and comfort at home. Small-scale home repairs can be taken care of with cash from a flex loan. Car repairs. Car breakdowns never happen at a good time. And if you’re a family, sometimes you need more than one car to get the kids where they need to go while simultaneously going to work yourself. Solving that scheduling problem with only one vehicle can be a nightmare, so repairing your household’s second vehicle becomes urgent! Replacing appliances. If your stove or washing machine is broken beyond repair, it’s important that the appliance is replaced quickly so you can resume your daily life. Unfortunately, appliances like these can cost several hundred dollars upfront, while running them saves you thousands per year because you don’t have to dine out every day or go to a laundry center to wash your clothes. Medical bills. When you’re sick or injured, you don’t have the option to not seek medical care if you want to continue working and living your life. Expensive medical bills can make you feel sicker just thinking about them, but a flex loan can cover a monthly medical payment when your paycheck just can’t stretch any further after being sick and missing work. Furnishing a nursery. Congratulations! You’re expecting a new baby! But that baby will need a place to sleep, and you’ll need furniture to get the nursery set up for your baby’s arrival. If your child’s due date is just around the corner, and you need to get nursery furniture fast, a flex loan is a good option. High utility bills. Summer heat can be unbearable in Kansas, so turning on the air conditioner is a welcome reprieve -- until you get your electricity bill. If your utility bills are unexpectedly high and your regular take-home pay won’t cover them, a short-term loan can help you keep your lights on. Registering your vehicle. If your car registration is expiring and you need to renew your registration and license, a short-term flex loan can cover those fees when you’re short on cash. Making up for cut hours. If your work hours were cut this week, but you know you’ll have plenty of overtime next week to make up for it, a short-term loan bridges the gap between paychecks and relieves your financial stressors.
Choose Midwest Title Loans When You Need Fast CashWhen you need to borrow money, don’t waste time talking to multiple traditional lenders who will turn you down repeatedly. Come to Midwest Title Loans! For almost 25 years, we’ve helped Kansas residents get the money they need and established a reputation of trust in the area. If you’re ready to solve a financial problem with a short-term loan, contact us today, or visit us in-person at our office in Overland Park on Metcalf Avenue at W. 82nd Street or Kansas City, KS on State Avenue at North Washington Boulevard.Read more
June 15, 2020
Can You Get a Flex Loan with Bad Credit?
Short-Term Loans in Kansas City, KSWhen you’re on a tight budget, perhaps living paycheck to paycheck, having extra cash available when you need it would be life-changing. If you live in Overland Park or Kansas City, KS, a flex loan is there for you to cover unexpected bills, make special purchases and fund important life events. When you take out a flex loan, you’re eligible to receive quick cash when you need it and will only pay interest on the money you borrow for the duration of time you borrow it. Ready to learn more about how this short-term loan option can help you?
What is a Flex Loan?Like a car title loan, a flex loan is a short-term loan structured like a line of credit and uses your car title as collateral. With a flex loan, you get a credit limit to borrow against as you need the money. You don’t have to borrow the full amount all at once, but you can if you need to. As you pay down the money you’ve borrowed from your flex loan, you are increasing the amount of your available credit the next time you need cash fast. Kansas flex loans are based on a daily interest rate, and you only pay interest on the amount of money you’ve borrowed for the duration of time you’ve borrowed it. If you only need money for a few days, you only pay interest for those few days between withdrawing the money and depositing your payment. A flex loan allows you to leave your loan status “open,” to keep the money in your line of credit available to you even once you’ve paid it back in full. If you need money again, you can borrow cash without filling out additional paperwork or re-applying.
How Is a Flex Loan Different from a Car Title Loan?A traditional car title loan, like a flex loan, uses your car as collateral. However, you must apply each time you need a title loan, even if your job and car are exactly the same as they were when you were granted prior loans. A flex loan, however, gives you flexible loan terms and durations, and allows you to borrow the same money as many times as you need without re-applying, as long as you pay back the money you’ve borrowed.
Who Qualifies for a Flex Loan?Because Midwest Title Loans does not conduct credit checks on loan applicants and accepts your lien-free car title as collateral, anyone who is able to pay back a loan is eligible to take out a flex loan. Even if you have poor credit, or haven’t yet established credit, you can take out a flex loan in Kansas. To get approved for a flex loan, you will need to provide some simple pieces of documentation to the loan officer you’re working with at Midwest Title Loans. When you apply, you’ll need:
- A drivable vehicle, which we will evaluate
- A lien-free title to the vehicle, in your name
- A valid photo ID, such as a driver’s license
- Verification of your income, such as pay stubs
When Can I Borrow Money?Once you’ve been approved for a flex loan, and we’ve established a line of credit for you, you can borrow cash whenever you need it without reapplying for each loan. If you leave your account in “open” status, you can re-borrow up to your credit limit every time you need quick cash in Kansas City. We ask that you call ahead to let us know, and we will have your money ready for you when you arrive at one of our Midwest Title Loans locations in Kansas.
Are There Rules About How I Can Spend My Loan?Our philosophy is that once you take out a cash loan from us, that money is yours to do with as you wish. We do not track how our valued clients spend their hard-earned money and believe that if you felt you had a good reason to take out a flex loan, then that reason is good enough for us. Many of our clients use flex loans to make home or auto repairs, purchase a new appliance, fund holiday gifts, pay medical bills, or buy furniture and supplies for a new baby when their regular paycheck just won’t cut it. Of course, the possibilities are endless, and how you spend your flex loan is up to you.
Where Can I Find a Flex Loan Near Me?If you need to take out a flex loan, always go to a company that’s been in service in the area for years. An established, well-respected loan company will treat you like a person, be empathetic to your situation, and empower you to achieve your financial goals. That’s why Midwest Title Loans is the right choice for people living near Kansas City and Overland Park. Learn more about our flex loans online, or visit us in person at our Kansas locations at 8212 Metcalf Avenue in Overland Park, or 2500 State Avenue in Kansas City. Read more
June 8, 2020
What is an Installment Loan and Where Can I Get One?
Qualify for a Bad Credit Loan in Kansas CityMaking a large purchase, like a car, or paying down credit card debt seems like an insurmountable task for people with a checkered credit history. Personal loans from traditional lenders in Kansas City, like banks or credit unions, can be difficult to qualify for if you have a high debt-to-income ratio or a low credit score. Getting out of a financial hole requires careful planning and balancing your monthly budget. And without a loan, purchasing a vehicle or consolidating debt can be impossible. However, you can secure a longer-term loan, even with poor credit or no credit at all. Installment loans available at Midwest Title Loans at 85th and Wornall allow you to make regular monthly payments for up to 24 months to finance a purchase or pay off your credit cards and ultimately work toward achieving financial freedom.
How Does an Installment Loan Work?The term “installment loan” is just a fancy term for a personal loan. Any loan that is repaid with regularly-scheduled payments and consistent payment amounts is technically an installment loan. That means funding like fixed-rate mortgages and auto loans are installment loans, too. They’re a perfectly normal and widely-accepted means of getting money when you need it. There are two kinds of installment loans you can get, even with bad credit. The first is a collateralized loan. With this type of loan, you must be borrowing money to make a purchase, such as a vehicle, for example. The item you are purchasing with the loan becomes collateral for the loan. Non-collateralized loans, conversely, are personal loans that do not require you to put up anything for collateral, and are given solely based on your ability to repay the loan. Often, non-collateralized loans have slightly higher interest rates because there is a higher risk of non-payment. Commonly, non-collateralized personal loans are used for consolidating credit card debt or paying urgent, unexpected bills. Your payment on an installment loan goes toward repaying a portion of the principal, or original amount of the loan, and interest that your loan has accrued. Your monthly loan payment amount is determined based on the original amount of your loan, your loan’s interest rate, and the length, or term, of the loan that you choose during the application and approval process. If you’re seeking fast cash in Kansas City, an installment loan might be your best choice. To qualify for an installment loan from Midwest Title Loans, you must first fill out a credit application. You will need to indicate why you need the loan, as well as the amount of money you are seeking. We ask that all loan applicants be at least 18 years of age and provide proof of employment. After you apply and are approved, we will work with you to choose a loan term, or the number of months you have to pay back your loan, as well as the amount of each monthly payment. Our loan terms can be as little as a few weeks and up to 24 months. When we settle on loan terms and you sign your loan paperwork, we will provide you with your money. Then, you simply make your regular payments for the duration of your loan term. With an installment loan, there is no penalty if you pay it off early or make extra payments. You will only make payments and accrue interest while you have your loan. Although we do not report your title loan or payday loan to any credit bureau, like Equifax or Experian, we do let them know when you’ve taken out an installment loan and are repaying it on schedule. As you make regular payments on time and in full, you might see an improved credit score at the end of your loan term.
Advantages of an Installment LoanInstallment loans provide many advantages over short-term loan options, like payday loans or car title loans, namely because they can be tailored to fit your specific needs. For example:
- You choose your monthly payment amount and loan term that will best work with your budget.
- Monthly payment amounts never change, so there are no surprises during repayment.
- Interest rates on installment loans tend to be lower than other types of loans, including credit cards.
- Your credit score can increase as you long as you make on-time payments in full.
Can I Get a Loan with Bad Credit?The answer to this question depends on which lender you work with to apply for an installment loan in Kansas City, Missouri. If you speak to a loan officer at a bank, for example, their policies may require that you have a specific debt-to-income ratio or minimum credit score before they’ll consider extending credit to you. However, if you visit Midwest Title Loans, we are much more lenient about your credit history! We understand that just because your credit score isn’t perfect does not mean that you are unable to repay your loan. We want our valued clients to find the same financial peace as anyone else, because everyone deserves that feeling and stability! Come let us work with you to find the perfect installment loan options to fulfill your dreams.
Who Offers Installment Loans Near Me?Midwest Title Loans has been operating in the Kansas City metro area for more than 25 years, and our friendly customer service means our clients come back to us when they need financing, as well as recommend us to their friends and family. Learn more about us. Ready to apply for an installment loan? Give us a call at 816-363-8600, or visit us at 330 W. 85th Street. Read more
May 18, 2020
How Do Title Loan Companies in Missouri Determine How Much They’ll Lend?
Multiple Factors Play a Role in Flex Loans in Kansas, Too
Everything happens at once: your laptop died, your work boots fell apart, you needed an x-ray, and the electric bill skyrocketed last month. When you’re on a tight budget as it is, there’s no room for hundreds of dollars of additional charges. If your paycheck just won’t cover the money you suddenly owe, a car title loan can help bridge the gap.
Car title loans allow you to get cash using your car title as collateral, but you get to keep driving your vehicle. You then make manageable payments on the loan balance. When you pay back your loan, you’ll receive your title.
Considerations for Title Loan Amounts
At Midwest Title Loans in Kansas and Missouri, our loan amounts usually range from $150 to $5,000. The loan amount is based on a few factors, including your vehicle’s value, how much money you need, and your budget.
Your vehicle’s value plays a big role in determining how much money you can get with a car title loan. We take into consideration everything about your vehicle when making a determination for your loan amount, including age and condition. It sounds obvious, of course, but a car with a low value will mean your loan probably won’t be close to our maximum payout. Similarly, a valuable car that you’ve fully paid off could get you a larger loan. Even if your car is wrecked, if you can drive it to our offices in Gladstone, Overland Park, or Kansas City for an evaluation, chances are you can get a title loan.
We consider how much money you need before giving you a loan. We wouldn’t want you to borrow more money than is necessary, or give you less than you need and have you come up short for whatever bill you need to pay or item you need to purchase. We’ll ask you questions about the amount of financing you’re seeking so we can ensure your loan is as close to the amount you need.
Your monthly budget is one of the most important factors when determining how much to loan you, using your car title as collateral. Your budget tells us how much you can afford to pay back on your loan each time you receive a paycheck. We don’t want to set you up for failure and lend you more money than you can afford to pay back, shoving you into a vicious cycle of debt. Our goal is to help you with your current financial situation, not make it worse. When you meet with us about getting a title loan, you should know the dollar amount of all your monthly financial obligations and your total income. This information will help us calculate your car title loan.
What We Consider Before Issuing a Flex Loan
A flex loan is different from a car title loan because it is essentially a line of credit we extend to you. When you take out a line of credit, you only accrue interest on the money you actually use and for the length of time you use it.
Flex loans are repaid with daily interest. With this type of short-term loan you can borrow up to that pre-set credit limit, but you can re-borrow any time you need money again. You don’t need to reapply for the loan, making flex loans in Kansas one of our most convenient options.
Your credit limit is based on two factors: the value of your car, and your ability to repay the loan. Just like with a car title loan, we must examine your vehicle and determine its value. Your ability to repay the loan means we just take a look at your monthly budget to be certain you will be comfortable making payments on a flex loan.
Factors We Don’t Consider for Title Loans or Kansas Flex Loans
Although there is a lot we consider when determining how much money to lend you, one that we never consider is your credit score. We believe that despite checkered credit histories, our customers are trustworthy and want to pay back the money they borrow from us. We see our role as the catalyst for helping you improve your financial situation.
We also never report your loans from us to any credit bureaus - those folks who calculate your credit score. That’s because we don’t base how we issue loans on their guidelines or rules.
Many of our customers come back again and again when they need money because they know we can help them. We never consider how often you need a loan when determining whether we’ll lend to you. A traditional lender will look at how many active loans you have and how many loans you’ve taken out in the past because they check your credit. As long as your bills fit within your monthly budget, we will approve you!
Choose Midwest Title Loans in Missouri and Kansas
Midwest Title Loans is in business today, as we’ve been for the last nearly 25 years, because we saw people in Kansas City, MO and Kansas City, KS are struggling to find financing. Traditional lenders turned them down over and over again. We vowed to help people get the money they need, when they need it.
Today, we offer several loan types with the best customer service in the area. After helping thousands of people each year get the money they deserve to be lent, we’re ready to help you, too.
To learn more about our short-term loan options, contact us today, or visit one of our locations in Kansas City, MO on W. 85th Street at Wornall Road; Gladstone, MO on North Oak Trafficway at NE 64th Street; Overland Park, KS on Metcalf Avenue at W. 82nd Street; and Kansas City, KS on State Avenue at N. Washington Boulevard.Read more
May 11, 2020
How Do Flex Loans Work in Kansas?
Get One of the Best Short-Term Loans in as Little as 20 Minutes
When most people think of a car title loan, they think of the traditional kind: a short-term loan that gets you cash fast in Kansas City using your car title as collateral. They also think car title loans as being temporary loan solutions that you must re-apply for each time you need money.
And those are both accurate! Car title loans make getting money quickly very easy, if you have a clear car title in your name. However, a type of car title loan called a flex loan in Kansas City, KS is a short-term loan that offers long-term access to cash.
What is a Flex Loan?
The flex loan definition is a line of credit you take out using the value of your car. When you are approved for a Kansas flex loan, Midwest Title Loans gives you a credit limit. You can borrow as little as you want or as much as you want up to that limit. You can then re-borrow that same money again and again at any time! With a flex loan, you can have access to money, just waiting for you, any time you need it.
Flex Loan Interest
You repay your flex loan on a daily interest rate. You will only pay interest on the money you are borrowing, and not only the remaining money in your line of credit.
For example, if you have a $1,000 line of credit, but you only need $200, you can borrow $200, and only pay interest on the amount. The remaining $800 will not accrue interest.
If you only need that $200 for a week and pay it back, the interest only accrues for that time period. You will not accrue interest if you do not have an active loan from your flex loan line of credit.
What Are the Benefits of a Flex Loan?
The first benefit we always share is that flex loans are named because they give you flexibility. You can borrow money from your line of credit with Midwest Title Loans over and over again.
As you pay down your flex loan, you are increasing the amount of money you have available later when you need it. If you aren’t using it at all, you don’t have to pay anything to us to maintain that line of credit.
A flex loan in Kansas gives you access to money quickly. Because you don’t need to reapply or submit documents like pay stubs or make statements each time you need money, you can get in, get your cash, and leave in minutes. All you have to do is call us before you arrive, and we’ll work hard to have your money ready for you when you arrive.
Taking Out a Loan with Bad Credit
If you don’t have credit or have poor credit, a bank or credit union might be wary of lending you money. Traditional lenders judge your eligibility for a loan by looking at your credit history and essentially holding your credit score hostage to encourage you to pay the loan back on time. And they leverage hefty penalties if you don’t: repossessing your valuables, suing you for interest, and wrecking your credit score for a long time.
With a flex loan, bad credit or no credit history are not problems. If you’ve been researching flex loans online, then you know flex loan lenders like Midwest Title Loans will never check your credit, nor will they report your loan to a national credit bureau. We think it’s only right to extend credit and trust to anyone who can pay back one of our loans, no matter their current credit score or past credit issues. We only ask that you use your car -- one item -- as collateral for the loan. At Midwest Title Loans, we’re also flexible with our payment plans to help you pay back your loan in a way that fits into your monthly budget.
How Do I Apply for a Kansas City Flex Loan?
Flex loans don’t require any special documentation other than the basics we ask for when you take out an equally-fast car title loan. Anyone at least 18 years of age or older can take out a flex loan in Kansas. To get a loan, you will need to bring with you:
- A drivable vehicle for evaluation. You must bring the car to one of our Kansas branches located in Kansas City, KS or Overland Park, KS. We will check it over to determine its value.
- A lien-free title to the vehicle, in your name. You must own the car you bring in, and the car title must be clear - that means no other liens are currently on the title.
- A valid photo ID. We most commonly see driver’s licenses to satisfy this portion of the application.
- Verification of income. Your most recent pay stubs showing about one month of pay will prove your monthly budget allows you to pay back a car title loan or flex loan.
Midwest Title Loans Gives Short-Term Loans in the Kansas City Metro Area
Great news! If you live near Johnson County, Kansas or Wyandotte County, Kansas, flex loan lender Midwest Title Loans is close by!
Why waste your time filling out loan applications with banks, or feel embarrassed asking for money from friends and relatives, when you could have the money you need in as little as 20 minutes? Issuing fast car title loans and flex loans are our specialties.
If you’re ready to take advantage of the money you’ve already invested in your vehicle, come to one of our branches in Kansas City, Kansas at 2500 State Avenue or Overland Park, Kansas at 8212 Metcalf Avenue to get started. To learn more about flex loans or fast car title loans online, visit our website. We look forward to helping you soon!Read more
May 4, 2020
How Can I Tell If My Car Title Is Clear vs. Clean?
Bring your Clear Title to Get a Short-Term Loan in Kansas City
There’s only a one-letter difference between clear and clean, but when it comes to getting a car title loan from Midwest Title Loans, one will help you much more than the other.
Let’s officially end the confusion about the differences between a clean automobile title and a clear car title, so you know what you should bring to our office so we can help you when you need money now.
What is a Title Loan?
First things first! A title loan is a short-term loan you can take out based on the value of the vehicle you own. Title loan companies in Kansas City, like Midwest Title Loans, evaluate your vehicle, your monthly income (and ability to repay the loan), and the amount of money you’re requesting, to determine whether you can get cash fast.
If you’re approved for a title loan - and most people are - you can leave our office with your money and car keys in your hand! Why are most people approved? Because we don’t believe in checking your credit history.
We think if you need money to pay an unexpected bill or make an important purchase, you should be able to get financing for that. Instead of reporting to credit bureaus and checking your score, we simply consider your ability to repay the loan based on your monthly budget.
What is a Clean Car Title?
Have you ever used the slang word “clean”? Then you know what it means in that situation: in good condition, slick, or perfection, right?
That’s similar to what a car insurance company considers a clean title! A car with a clean title means the car has never been totaled, according to an insurance company. Cars without clean titles are sometimes called salvage cars, or are said to have branded titles. When a car is totaled or given a salvage title, it means the damage to the car after a wreck would cost more to repair than the value of the vehicle.
When you’re looking to buy a used car, you probably want to find one with a clean title because it most likely means the car you’re getting is structurally safe.
While a clean car title is obviously important in the long run, a clear car title is what gets you money when you need it!
What is a Clear Car Title?
A clear car title is one that doesn’t have a financial lien against it, preventing the vehicle from being sold. A car title is not clear if you owe money against your vehicle, like if you’re making payments or have other current title loans. A vehicle without a clear title doesn’t fully belong to you until you’ve paid back lenders or other third parties who can claim ownership.
However, just because your car title isn’t clear doesn’t mean it will completely disqualify you from another type of short-term loan from us! Without a clear title, you could still qualify to receive a different type of cash loan from Midwest Title Loans. A car title loan, however, depends on the amount of money you need, the total value of your car, and whether you have other loans on your vehicle. You must have the title in your possession, and it also must be in your name.
And let’s go back to clean titles for a minute. Can you get a title loan on a salvage car? The answer is yes, it is possible, depending on your specific situation. Even if you’re seeking a title loan with a salvage car title, it’s worthwhile to inquire with us in one of our four locations in the Kansas City metro about whether you might qualify for a short-term loan. You only need to be able to drive it to us for evaluation as part of the loan process.
How Do I Get a Title Loan in Kansas City?
Getting a car title loan in Overland Park, KS is a simple process. As long as you’re 18 years or older, anyone looking for quick cash in Gladstone, MO or Kansas City, KS can qualify for a car title loan.
To apply for this loan, bring:
- Your vehicle and its lien-free or “clear” title in your name
- Your government-issued photo ID
- Your latest pay stubs
We’ll ask that you fill out a short application before we do a quick evaluation of your vehicle. Then, we’ll issue a title loan based on the value of the car and your ability to pay back the loan. You drive away in your vehicle with your keys, while we hang onto your title.
All our short-term loans in Kansas City are based on a 60-day renewable contract. You have the option to renew your account for 60 days simply by paying the interest due if you need more time to pay off your loan. We’re always happy to work with you so you are able to comfortably fulfill your financial obligations on your monthly budget. Once you’ve paid your account in full, you’ll receive your title back from us.
Choose Midwest Title Loans in Missouri and Kansas
When it comes to getting money when you need it, your options are limited! Financial struggles are frustrating, and made worse when you have difficulty getting cash quickly. For almost 25 years, Kansas City has turned to us at Midwest Title Loans for the most flexible and customer-friendly service in the area. Our thousands of satisfied customers are proof that we have continued to maintain our focus on helping people in our community throughout the years.
If you’re ready to take advantage of our short-term loan options, contact us today, or visit one of our locations in Kansas City, MO on W. 85th Street at Wornall Road in Waldo; Gladstone, MO on North Oak Trafficway at NE 64th Street; Overland Park, KS on Metcalf Avenue at W. 82nd Street; and Kansas City, KS on State Avenue at N. Washington Boulevard.Read more