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If you find yourself holding an unexpected bill, a title loan can be a great way to get enough money to cover your sudden financial need. Unlike something like a vehicle loan, the application process is short; you can receive you funds in as little as one business day3. Lenders are more concerned with your ability to pay and the value of your car than they are with your credit score. To apply for a title loan, you need a car that you own clear-and-free as well as a few pieces of identification. Before you apply, you should take a minute to get familiar with the laws surrounding title loans in your area.

What do I need to get a Title Loan?

You need a few things to be able to apply for a title loan:

  • Clear-and-Free title for the vehicle
  • Photos of the front, back, and sides of vehicle
  • Government-Issued I.D. (Driver’s License, State I.D., Passport, etc.)

How much money can I get for a Title Loan in Missouri?

In Missouri, you can get a title loan for up to $50,000. The amount you are able to borrow ill depend on a number of factors:

  • Income
  • Value of your vehicle
  • Loan Terms

The more your car is worth and the better your income, the more you may be able to borrow1.

Call Our Team

Take the first step and call our toll-free hotline to speak with a specialist.

How do I get a copy of my vehicle’s title?

It may be possible to get a duplicate title through your local Department of Motor Vehicles (“DMV”). Some can even expedite the title to you. Depending on the circumstances, LoanMart might be able to assist you in the process of getting an expedited title from the DMV, or direct you to the nearest DMV that can help. Adding LoanMart as a lien holder at that time can help expedite the application process for the loan.

How long do I have to pay back my Title Loan in Missouri?

There is no maximum length of time for a title loan. Your lender will outline the repayment schedule for you.

What happens if I don’t pay back my Title Loan in Missouri?

  • If you miss a payment by more than ten days, your lender will send you a Notice of Default and Right to Cure informing you that you are ten days late, and must make a payment within twenty days or risk repossession.
  • If you miss a payment by ten days a second time, your lender will send a Second Notice of Default and Right to Cure again informing you that you are ten days late and must make a payment within twenty days.
  • If you fail to pay after twenty days, or miss a third payment, your lender will send you a Notice of Our Plan to Sell Property. This notifies you that you have ten days to pay the loan, or they will sell your car. The proceeds from the sale will go towards paying off the balance of the loan, plus any repossession charges.

What happens when they sell my car?

The lender will let you know when and where the car is being auctioned. One the sale is complete, you will receive a notice outlining:

  • The balance of your loan
  • Any repossession fees
  • The amount the car sold for
  • If you still owe the lender money, because they didn’t recoup the full cost of the loan, or if they are sending you a check, because they recouped more money than the balance of the loan.

It’s important to note, if you still owe the lender money after the sale of the car, you will continue to be charged interest that accrues on a daily basis.

How to get a Title Loan with LoanMart

As you can see, auto title loans may be an easy way to get money to cover a financial emergency without enduring a lengthy application process. If you own a clear-and-free vehicle that is in your name, you potentially qualify for an auto title loan of up to $50,0001. Because of LoanMart’s streamlined registration process, the turnaround time between submitting your information and receiving your money can be less than 24 hours3.

With our easy process, we give you three ways to contact us that make it convenient for you:

  1. Visit a participating location
  2. Call us at 855-422-7412
  3. Sign up online without leaving your home

Once you’ve decided how to get in touch, all you have to do is follow these steps to get the money you need1:

  1. Fill out the registration form.
  2. Submit your important documents to your LoanMart representative.
  3. Sign your LoanMart agreement.
  4. Collect your approved funds!

In just a few quick steps, you can sign up for a title loan with LoanMart and, upon approval, have the funds you need to cover an unexpected expense. Once you receive your money, take care of your financial surprise and get back on track.