Did something unexpected happen?
Maybe your home was flooded or you have a major leak in the room of your home at needs immediate attention?
Maybe a family member or friend was thrown in jail and needs bail money?
Unexpected emergencies happen in life and a lot of people don’t have money saved up for emergencies?
St Louis Title Loan
If you own your vehicle you can borrow against the title of it for a quick cash emergency loan. Your vehicle must be completely paid off. Is the title in your name or is it in someone else’s name? If the title isn’t in your name that person will have to relinquish ownership in the vehicle an transfer it over to you the borrower as the registered owner and the lender will then become the lien holder.
Title loans in St Louis MO are short term high interest loans. You can learn more about Missouri Lending Laws to know your rights as a borrower.
Not only must the vehicle be free and clear of any liens in must be in good operating condition.
You must maintain full coverage insurance on the vehicle including comprehension and collision. If the vehicle is involved in an accident the insurance company needs to pay the lender back money owed to them.
The registration on the vehicle must be current. This can’t be some vehicle that has been sitting in your driveway for years. It has to be a fully functional, reliable vehicle, currently registered. The benefit to a St Louis Title Loan is that you get to continue to use the vehicle while paying the loan off. It isn’t like a pawn shop where the collateral has to remain with the lender. You are free to continue to use the vehicle. Everybody is using Uber and Lyft full time and to make some extra money on the side. Consider a title loan when other lending options aren’t available.