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car title loans Jennings

Title Loans in Jennings, MO

Title loans are a very popular way to get quick cash by using your vehicle as collateral. They can help you take care of unexpected expenses. You can find title loans in Jennings, MO that will provide you those much-needed funds. When you apply for a title loan, the company will have you sign over the title to your car to them in exchange for the loan money. Then, when you finish paying back the loan, they will sign the title back over to you and you will once again own your vehicle. During this time, you will still be able to drive your car.

How to Apply for Title Loans in Jennings

To apply for a title loan online, go to our website and click on "click for cash". Then, to apply for title loans St. Louis, you need to fill out the application, including contact and vehicle information. An estimate will be given to you. After you apply for the loan, an online auto equity loan specialist will call you to go over the details. Finally, you will be able to pickup your money at a location close to you.

Laws for Title Loans in Jennings

There are various laws that title loans in Jennings need to follow. The loan agreement must be done in writing, it cannot be just a verbal agreement. Once you pay off the loan (including interest) the title will be returned to you. Additionally, the collateral loans on vehicles cannot exceed $5000. Repeat borrowing is allowed if you cannot pay the loan and interest off after the first 30 days. You can opt to pay just the interest and have your loan extended. You can do this twice. If you need to do this a third time, you will have to pay the interest plus 10% of the principal loan amount. If you do not pay off the vehicle title loan, you risk having it repossessed.

Benefits

Taking out title loans in Jennings can provide fast access to cash, if you need it. These kinds of loans allow you to get the cash you need while still being able to drive your car. You will not have to worry about how you are going to get around because your car will still be in your possession. Compared to other kinds of loans, title loans present a very attractive alternative. Personal loans take a little while to get approved, so you do not get the money as fast. Payday loans and cash advances can cost you more in interest over time.

Collateral

You car is used as the collateral for the loan. You need to have a clear title. This means that there are no liens on the title. A clear title also means that the car is owned by you and there are no other loans using it as collateral. For instance, if you were financing the car, the finance company would have the title and you would not be able to use it for an auto title loan. If you have a clear title, but cannot find it, you can always request a duplicate title from the Department of Motor Vehicles for a small fee.

Title loans in Jennings, MO are easy to get, if you have a car with a clear title and the income to support paying the loan back. They can be a life-saver if an unexpected bill pops up and you need money quickly. You will have at least a month to pay the loan back (with interest). However, if you need more time, that can be arranged, as well.