Title Loans in Jefferson City

Are you looking for a car title loan in Jefferson City? There a few things you should know. First, title loans in Jefferson City do not require a credit check, so if you have a spotty history in that arena it does not make you ineligible. Second, you do not have to have a job to get a title loan in Jefferson City. You do need to show a lender some proof of income, but federal law requires them to consider disability payments and unemployment benefits as income. If you are considering this type of loan, it’s entirely possible that you could apply now online, walk into a lender’s office later, and walk out with that cash you need in about half an hour!

The Goods

To borrow a title loan in Jefferson City, you need a few documents. You must show the lender a lien-free title to your vehicle, a government-issued ID, and proof of some sort of income, as discussed above. If you need the money yesterday, it’s a good idea to apply online and get pre-qualified for the loan.

Now What?

After you’ve applied online and gotten approved for your Jefferson City title loan, you need to visit the lender’s brick-and-mortar location so he or she can visually inspect your vehicle and consult Kelley Blue Book for its value. You then surrender your title to the lender, who keeps it until you pay off the loan. The good news is that if you’re getting a title loan in Jefferson City, the lender will typically allow you to keep driving the vehicle, enabling you to get to work if you have a job and pay off that loan.

What If I Can’t Pay?

If you don’t pay off your Missouri car title loan, you can get into a whole new set of problems. The lender is authorized to repossess your vehicle and sell it if you default on payments, so do not so that! Most lenders are willing to work with customers to customize loan terms that are acceptable to both parties, as lenders do not want to waste time and money repossessing a vehicle and selling it to recoup the loan amount. Make sure you get terms you can realistically handle if you get a car title loan in Jefferson City.

FAQ

There are many FAQ people ask when they want to take out a title loan. Some common ones include, “What is a lien-free title”, “How much cash can I get for my car”, and “Can I get a loan with no bank account and a bankruptcy on my record?” First, a lien-free car title means that you own your vehicle outright. As far as how much cash you can get for your car, that depends on the individual lender, but usually you can count on an offer of around 50% of the vehicle’s value. You can indeed get a car title loan in Columbia or Jefferson City even if you have no bank account or a bankruptcy on your record. Keep in mind that your vehicle is your collateral—the lender holds the title—so you don’t even have to go through a credit check!