Title Loans in Lee’s Summit, MO
Personal loans can be hard to come by if you are not in the right financial standing. Struggling to pay your bills, missing any payments, and being financially irresponsible can make it difficult to live. However, there may be a way for you to get by using your assets rather than your credit history. If you are the full owner of your vehicle, you can consider taking out a title loan in Missouri in a pinch. The title loan lenders that can give you a loan without the need of a credit check. Learn more by applying online at your convenience!
How can I apply for a Title Loan?
You can apply online, by phone or in-store with title loans! We recommend our online application so the only thing you need to do at time of the transaction is sign the paper and get the money. Applying online only takes a minute if that. In exchange for your vehicle information, we will give you a free estimate on the loan amount you will receive. The loan amounts vary from person to person depending on the current value of your car. This process is free and non-obligatory, so if you have second thoughts on getting a loan, you have the right to withdraw at any time. With a completed application, you will need to bring other items to finish this process:
- Valid photo identification (Passport, Driver’s License or State ID)
- Proof of income (can still apply if unemployed, must be receiving steady monthly income some other way)
- Proof of residence
- Car
- Car title
Our loan representatives can further explain to you why these items are necessary to bring with you to the title loan location, with locations in Kansas City and all over Missouri it will be a quick ride.
For more details about getting your car title, you can visit any service locations that caters to this request like:
Omega Title Services LLC
Address: 740 NW Blue Pkwy, Lee’s Summit, MO 64086
Phone: (816) 525-1891
Missouri Vehicle Repossession Laws
Vehicle repossession is unfortunate, and may be negotiated with your title loan lender. There are policies each lender must follow when choosing vehicle repossession. Missouri legislation requires each lender to wait 10 days after missed payments before they can repossess. So if you make a payment before that 10 day period, they cannot take your vehicle. After 10 days, the lender must mail out a “Notice Involving Default and Right to Heal,” which can state the remaining balance due and when it will be due. There is a minimum of 20 days to allow the consumer to prevent the default. Missouri residents are allowed up to a month to cure the default. You are allowed to be late on payments twice, the second time you will receive another notice allowing you the same time frame to cure this default as the first notice. However, the third late payment could result in immediate repossession if it is not cured right away. There will be no further notices given after the third and final missed payment.