Car Title Loans

Title Loans in Liberty, MO

When people list things they need, money is usually at the top of the list. That's understandable since nearly three quarters of Americans live paycheck to paycheck. Getting ahead is a great goal, but the reality is that extra money seems hard to come by. What many people don't realize is that the money they need is not hard to get. All they need to do is look into getting an auto title loan in Liberty.

What are Title Loans Liberty?

Title loans Liberty are an alternative type of personal loan that nearly any adult can get. Like traditional loans, a person applies and gets money when their loan is approved. Unlike traditional loans, car title loans in KC and Liberty are almost always approved, even for people with bad credit.

When a person applies for a title loan, they agree to use their car, truck or other vehicle as collateral. This offers enough loan security that title lenders don't need to run a credit check. Mainstream lenders use credit checks to determine who has good enough credit to deserve a loan. Title lenders believe anyone with the required vehicle collateral deserves to have their loan approved. Bad credit is not an automatic rejection for title loan applicants, which is why title lenders have a very high approval rate.

The vehicle used as loan security should have a clear title, which the applicant turns over to the lender when their loan is approved. Titles are returned when the loan is paid off. Vehicles used as loan security must be owned by the applicant. Other requirements for car title loans in Liberty are that the applicant must be at least 18 years old and have an income. It's not necessary for the applicant to work a job, but they must be able to afford loan payments. Their income can be from another source, such as disability benefits or alimony.

Apply for Title Loans Liberty

Applying for title loans Liberty is easy because you only need to provide your name, a way to contact you and some information about your vehicle, such as the make and model. Give us that information, and we'll make a loan offer you're sure to like.

It only takes a few minutes to apply for a title loan, and it only takes a little while longer to process the loan. Processing includes providing you all the information you need to fully understand how title loans work. This is also when we get a fuller picture of the car you're putting up against the loan and your income. We work with you to set up a payment plan that fits your budget, you turn in the title and sign a loan agreement. You could have title loan cash in less than a day.

Legal Guidelines

  • Original loan terms are for 30 days. Loans are renewable. Borrowers can cancel a title loan within one business day without incurring a penalty.
  • Title lenders must be licensed by the state. They are allowed to charge upfront and other loan fees. Lenders must give borrowers 20 days notice before repossessing a vehicle and 10 days notice before selling that vehicle.
  • Borrowers have the advance notice period before their vehicle is repossessed to bring their account current and avoid repossession. They have the 10 day advance notice period before the sale of their vehicle to pay off the loan debt and avoid the sale.
  • Money from a vehicle sale goes to the lender first in order to pay off the outstanding loan debt and fees. Surplus money goes to the borrower. If, however, the sale does not make enough money to cover the debt, the lender can attempt to get the rest of the money from the borrower.

Title Loan Perks

  • Easy applications that only take minutes to complete.
  • Fast processing that usually takes less than a day.
  • Money is usually handed out the same day you apply for the loan.
  • You get to avoid the longer and more complicated process of trying to get a traditional loan.
  • There is no credit check. Applicants with good credit and those with bad credit have the same chance to be approved for title loans because the loans are collateral-based. Traditional loans always include a credit check, and those without good credit are denied.
  • Loans are renewable. If you see that paying off the loan during the loan term is not possible, talk to the lender about renewal so you get more time to pay the money back.
  • You get to keep the vehicle that you put up as loan collateral, which means you don't have to find a way to get around while paying back your loan.
  • There is no need to ask friends or family members to loan you money. Those types of loan often come with questions or comments about your money management skills, which you get to avoid with title loans.
  • Interest rates are competitive and often lower than other similar loan types.
  • Getting the money you need at the time that you need it can reduce stress and worry.

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