Kansas Title Loans – How They Work & What’s Required
Are you dealing with a financial crisis and having trouble finding a lender that will work with you? Here in Kansas, it can be difficult to find a company that will give you the time of day, let alone a fair loan. But don’t worry, we’re here to help. At Highway Title Loans we have many different options for you to get cash quickly and most applicants can apply online or meet with a direct lender in Wichita to get approved and funded within 24 hours!
How Do Same Day Auto Title Loans Work In Kansas
A title loan is offered based on the security provided by your vehicle or another secured asset such as a boat, motorcycle, or RV. A lender will take possession of your title and allow you to drive the vehicle while monthly payments are made. The majority of people who own a vehicle in Kansas can quickly qualify as long as the car is paid off. That means you can’t owe any previous lenders and you must show proof that the car and pink slip are in your name.
Requirements For Car Title Loans In Wichita KS
To get a car title loan in Wichita, KS, you’ll need to have a clear title to your vehicle with no liens or outstanding loans against it. You’ll also need to provide proof of income and residency within the state, as well as a copy of your car’s registration and insurance policy that verifies full coverage.
Once you’ve been approved for the loan, you’ll sign over your title to the lender and receive the loan amount in cash. It’s really that easy and you’d be surprised how fast we can get your loan processed and underwritten when applying online. Compare this time frame versus the 3-10 days it can take for a personal loan and you’ll see why many borrowers in Kansas turn to online title loans when they need cash fast!
The Benefits Of Getting A Vehicle Title Loan In Kansas
There are many benefits to getting a title loan, but the biggest is that it gives you the money you need when you need it most. Unlike a personal loan from a bank or other traditional lender, there’s no lengthy application process or waiting period. You can typically apply online or in person and have the money you need in hand within 24 hours! Plus, if you’re employed and can make your payments on time, title loans can help improve your credit score!
Another benefit of working with a direct lender in Wichita, KS is the fact that you can borrow a much larger amount of money than if you had simply applied for a payday loan or cash advance. The reason for this is that auto title loans are secured by your vehicle, so the lender has less risk and can offer you a larger loan amount. Funding amounts vary in different parts of the state, but ultimately you should expect a lender to offer 45-70% of the car’s value in the form of a loan. In other words, a vehicle with a resale value in Wichita of $4,000 will probably net you a title loan in the range of $2,000.
The Risks Of Getting An Auto Title Loan In Kansas
While auto title loans can be a great way to get fast cash in a pinch, there are also some risks to consider before taking out a loan. Firstly, if you’re not able to make your payments on time, you could lose your vehicle! This is why it’s important to only borrow what you know you can afford to repay. Secondly, title loans typically have much higher interest rates than traditional loans, so you could end up paying back significantly more than you borrowed if you’re not careful.
At Highway Title Loans, we understand that financial issues come up, and sometimes the risks of getting a title loan online outweigh the benefits. So if you’re only looking for a small amount of cash or if you have decent to good credit then it’s probably in your best interest to spend some time and find a personal loan company in Kansas that offers fast funding for installment loans.
Car Title Loans In Wichita, KS With Bad Credit
If you have bad credit, you might think that title loans are out of the question but at Highway Title Loans we work with borrowers of all credit types. The reason for this is that title loans are secured by your vehicle’s title, so the lender has less risk and can offer more flexible terms.
When you apply for a bad credit car title loan in Wichita with us, we’ll work with you to find a repayment plan that fits your budget and helps you get back on track financially. We understand that life happens and sometimes people need a little help getting back on their feet. So if you’re struggling to make ends meet, don’t hesitate to apply for a title loan today!
Get A Direct Title Loan With A Company in Wichita Or Apply Online
It doesn’t matter at all how you apply as the underwriting remains the same for both methods. Some people would rather get started with a lender that offers in person loans in Sedgwick County and others have no trouble applying online. As long as you have all the paperwork together and know the loan amount you’re looking for you can apply for title loans in Wichita from the comfort of your home. After you apply one of our loan processors will contact you to collect the rest of the information needed and answer any questions that you might have about title loans.
Once we have all the information we need, we’ll run a quick credit check and appraise your vehicle to determine how much money you can qualify for. Then, we’ll work with you to create a repayment plan that fits your budget and get you the cash you need as quickly as possible!
In some scenarios, you may need to have the vehicle inspected to verify the current value. During the vehicle inspection, we will take a quick look at the title to make sure it’s lien-free and then take some pictures of the inside and outside of the car. The inspection process can sometimes take place at your home or office but primarily occurs at any licensee inspection office in Wichita, KS. This last step unusually takes less than 30 minutes and once it’s complete you can have your cash in hand!
Apply Now For Vehicle Title Loans In Kansas
So don’t wait any longer, apply for a title loan in Wichita today! We can take your application online or over the phone and it should only take about 10 minutes to fill out the form and answer any subsequent questions about the vehicle!