What Types Of Bad Credit Loans Are There In Columbia, MO?

Bad credit loans in Columbia, MO, are available for people who need money quickly but do not have a strong credit history to rely on. At Missouri Title Loans, Inc., we believe you should still be able to review emergency borrowing options even if your credit is less than perfect. The current page presents two main options: a bad credit title loans and a bad credit installment loan.

In the next few sections, we’ll explore both loan types so you can better understand how to get loans with bad credit and decide which option may fit your situation best.

The Types Of Bad Credit Loans In Columbia, MO

Regardless of the type of bad credit loans in Columbia, MO you choose, you'll be able to fund emergencies like medical bills, home repairs, car repairs, and veterinary fees.

That said, we encourage our customers to utilize them as last-resort options. In other words, try to find funding from other sources before jumping headfirst into any loan. 

While asking your family and friends for assistance could be a difficult conversation, you'll never know whether they're willing and able to help if you don't ask. They'll likely offer some financial help if you're in a particularly rough patch. 

But if you've exhausted that route, a bad credit title loan or installment loan is an option. 

Bad Credit Title Loan

With a bad credit title loan, you can borrow up to $15,000, based on your car's, van's, or truck's worth. As the name suggests, you don't need to worry about your credit rating. Instead, you'll only need the requirements we've listed below.

Requirements

• One type of identification, such as your driver's license, passport, or student ID card. Please note you need to be at least 18 years old to acquire a title loan in Missouri.
• A lien-free vehicle title. Regardless of the vehicle, it must have a corresponding lien-free title. We put a lien on your existing title to secure the loan, and we aren't able to do that if you already have one in place.
• Your vehicle. We only work with cars, trucks, and vans. Please refrain from utilizing motorcycles, tractors, ATVs, RVs, boats, and other modes of transport when applying for a title loan. 

Benefits

Aside from not requiring a great credit score, the best thing about title loans is that you can obtain one online! That's right; you don't even need to head into our store to get one. Instead, we come to you to inspect your vehicle and documents. 

On top of that, you get to keep your car, van, or truck while you're repaying the loan. If you stick to the repayment schedule, we'll never ask you to keep it in a garage or stop using it. 

Speaking of repayment schedules, they're generally easy to follow. But if you need clarification, you can speak to one of our friendly representatives. They're always on hand to help clear things up for you. 

Bad Credit Installment Loan

If you don't own a vehicle outright, an installment loan bad credit might be the right option for you. While you can only borrow up to $1,500, it will give you a good amount of money to fund minor emergencies. 

As you can imagine, the requirements are slightly different from title loans.

Requirements

• Your driver's license or another form of valid state-issued identification. 
• A statement from your checking account. You need to ensure the account is still open and in your name. You can't obtain an installment loan with a statement from somebody else's checking account. 
• Your most recent pay stub. We utilize this to establish whether you can afford to repay the loan amount you've requested. 

Benefits

Perhaps the largest benefit here is that you don't need to own a vehicle outright. Instead, you supply your signature alongside a promise to repay the money we lend you. Yes, it's that simple!

While you'll need to come into our store to complete your application, our signature installment loans boast ultra-fast completion times. The in-person part can take as little as half an hour, and you'll receive your money within just 48 hours. 

Keep in mind that we will check your credit score before approving you for the loan. However, that doesn't mean you need to have a near-stellar rating. Our representatives will discuss your credit situation in more detail once they've received your initial request form. 

Get A Bad Credit Loan From Missouri Title Loans, Inc. Today!

The live page says bad credit loans in Columbia, MO tend to come in two forms: title loans and installment loans. It also says that if you need to cover a larger emergency, a title loan may be the stronger option because it can go up to $15,000, depending on the vehicle. The current CTA invites readers to complete the inquiry form so Missouri Title Loans, Inc. can help them through the process.

If you need help deciding how to get loans with bad credit, making the next step more visible with stronger internal links to the title-loan page, installment-loan page, FAQ pages, and Missouri locations would make the page easier to act on.

FAQ Section

What types of Bad Credit Loans are available in Columbia, MO?

The current page presents two main options: a bad credit title loan and a bad credit installment loan.

How to get loans with bad credit in Columbia, MO?

The process depends on the loan type. For a bad credit title loan, the page lists ID, a lien-free vehicle title, and the vehicle itself. For a bad credit installment loan, it lists ID, a checking account statement, and a recent pay stub.

What is a Bad Credit Title Loan?

A bad credit title loan is a title-based loan that may let you borrow up to $15,000 depending on the value of a qualifying car, truck, or van.

What is a Bad Credit Installment Loan?

A bad credit installment loan is a smaller loan option, listed on the page at up to $1,500, for borrowers who may not own a vehicle outright.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.