Wichita Car Title Loans

Hard times can fall upon anyone at any time. It could be due to being out of work, health issues, or unexpected expenses. Whatever the situation may be, applying for title loans in Wichita can help you through difficult financial times so that you can handle your finances with ease. If you are not familiar with title loans, they allow you to borrow the money you need to handle your financial matters by borrowing against the equity in your vehicle. As long as you own a vehicle with a clear title, you may be able to use that title to secure the loan you need. Since you are using the title to your vehicle as collateral, there is no need to pass a credit check. The amount of money you are able to borrow is based on a variety of factors, including the value of your vehicle. The funds from your loan can be used in whatever manner you wish. No restrictions are placed on how the funds can be spent. There is no need to continue worrying about how you will meet your expenses when you can borrow the money you need using a title loan.

Tips for Applying for Title Loans Wichita

When applying for Kansas car title loans, it’s important to be aware of how the application process works. We are pleased to offer a fast, streamlined application process that allows you to apply for your title loan online. This means there is no need for you to leave the comfort of your home or take time off from work. We completely understand that when you have a financial emergency, you do not have a lot of time to wait around for a response to your loan application. When you apply for a title loan with us, we only require that you enter some basic information to get started. This information includes your name, telephone number, and zip code. We will then begin processing your loan application and can provide you with a loan decision and a loan estimate. In most cases, you can complete your online application in about 30 minutes or less and receive the funds for your approved loan within 24 hours or less.

In the process of applying for bank loan, you will typically be required to submit to having a credit check run. If you have less than perfect credit because you have been behind on bills, you have had a foreclosure or bankruptcy or some other issue, there is a good chance that your loan application will be denied. This is not the case when applying for a title loan. We do not consider your credit score when evaluating your loan application.

Additionally, there is no need for you to be currently employed in order to be approved for a title loan. We understand that there can be all types of situations in which you might need a title loan, including because you are currently unemployed. To be approved for a title loan, you do need a regular source of income that can be used for making payments on your title loan but that does not need to be from wages or salary. You could use the following sources of income for paying back your title loan:

  • Alimony
  • Social security benefits
  • Workers’ compensation
  • Unemployment benefits
  • Child support
  • Disability payments

Title Loans Wichita Legal Requirements

Prior to applying for title loans Wichita residents should be aware of the legal requirements that apply. For instance, you cannot be approved for a title loan if you are not at least 18 years of age. Furthermore, you must have a clear title to the vehicle being used to secure your title loan. You must also be listed on that vehicle title.

Title Loans and Their Many Advantages

Applying for title loans in Wichita can present you with a number of advantages when you find yourself facing difficult financial times. For example, while you would need to pass a credit check as well as other strict lending guidelines to be approved for a bank loan, the underwriting guidelines for title loans are much easier to meet. Provided that you have a verifiable source of income, a clear title to your vehicle with no liens, and you are at least 18 years of age, you could get the cash you need within 24 hours. We place no restrictions on how the funds from your title loan can be spent. Many people choose to use the funds from a title loan to pay unpaid bills or emergency expenses but you could also use your title loan for the following:

  • Special occasions
  • Vacation
  • Wedding or honeymoon
  • Medical bills
  • College tuition
  • Auto repairs
  • Home improvements or repairs
  • Holiday presents

Unlike payday loans, you typically have the benefit of a much longer timeframe for paying back a title loan. While payday loans usually need to be paid back within two weeks to one month, you can take longer to pay back a title loan, ensuring you do not find yourself facing even more of dire financial circumstances.

We are pleased to offer competitive interest rates for our title loans, ensuring that payments are kept affordable. In the event that you find you are no longer able to make your title loan payments due to unforeseen circumstances, we can also work with you to create lower payments. Should you decide that you would like to pay off your title loan before the end of the loan term, you can have the peace of mind in knowing that you can do so without incurring a prepayment penalty.

Title loans can be approved for all types of vehicles, including trucks, RVs, cars, and motorcycles. You may continue driving your vehicle throughout the duration of your loan term as long as you are making your payments on time.

If you need cash quickly and do not want to deal with the hassles of a bank loan or think you might not be approved for a bank loan, then a title loan might be the right choice for you.

See How Much You Can Get!