Title Loans Creve Coeur, Missouri
The next time you need fast access to cash, consider an automotive title loan. Title loans in Creve Coeur are a great way to get the money you need without the stress and hassle that you’d expect.
Title Loans Creve Coeur: A Concise Explanation
- Secured with a vehicle title
- Loan processing in just minutes
- Small loan amounts
- Flexible repayment schedules
A title loan is a secured loan. Car title loans are secured with a physical copy of a title and a lien on the vehicle. Securing a loan means that the lender has a guarantee that the loan will be repaid. That provides the lender a lot of flexibility in terms of who they lend to, how much they lend and the length of the loan term.
Loans like this are an invaluable service for many and one that isn’t always available elsewhere. Consider that Royal Banks of Missouri generally doesn’t provide personal loans that aren’t for a specific purpose unless you have a certificate of deposit as collateral. Even the banks that do offer such loans have high minimums and/or require a repayment schedule that’s at least six months or longer.
Title Loans Creve Coeur: Using the Web to Acquire a Loan
If you’re interested in an auto title loan, then applying online is arguably the easiest way to do that. You won’t need a physical copy of your title just yet. What you will need is some personal information, such as your name, the zip code of the Missouri area in which you live and your telephone number along with the best time to reach you at that number. We’ll also request the make, model and year of your car or truck and the mileage, which you can get from the odometer. Once you have that information, just:
- Go to our online application form.
- Enter your personal and contact information.
- Fill in your vehicle data.
- Touch or click the submit button to continue.
You won’t have to wait long. In just seconds, our website will provide you with an estimate of the loan maximum you can expect. If you’d like to continue, we’ll have a loan representative call you at a time that’s most convenient to you. That representative can answer any questions you might have, help you consider the various options and assist you in finalizing the loan when you’re ready.
How Missouri Regulates Auto Title Loans
Title loans in Missouri are monitored by the Missouri Division of Finance, and you can get additional information on its website. The MDF defines small loans as loans of $500 or less. All small loan lenders must be licensed. There are a number of consumer safeguards, including a 75-percent cap on all interest and fees from the initial loan as well as any loan renewals. In addition:
- Loans must be at least 14 days long.
- But no more than 31 days long.
- Small loans cannot be renewed more than six times.
- There are limits on daily interest calculations.
Why a Vehicle Title Loan Can Be the Right Choice for You
Title loans in St. Louis and throughout Missouri are a great option when you need money fast and without the hassle of a traditional loan. Title loans in Creve Coeur generally don’t require credit checks, which means that they’re a practical option for people with bad credit or no credit history. Per state law, you’re also confident that your obligation will be fulfilled within just 31 days.