Find the Best Car Title Loans in Kansas City

How to get a title loan in Kansas City

Title loans are often confused with payday loans. They do share similarities: Both are short-term financial solutions making fast cash available to borrowers of all credit types. But title loans are collateralized; if the borrower defaults, the lender may take possession of the borrower’s vehicle. Title loans also typically have lower interest rates and allow you to borrow more money.

Not every state allows title loans, but they are legal in both Kansas and Missouri. Still, a title loan can look very different depending on which side of the border you live on.

Getting a title loan doesn’t require having a strong credit score, and the process is usually fast. Title loan companies in Kansas City may allow you to apply online, but you’ll likely need to bring your car in for an appraisal. The amount of money you can borrow is based in large part on the value of the vehicle.

When applying for a title loan in Kansas City, make sure you have the following:

• Government-issued ID
• Vehicle with clear title
• Proof of income
• Proof of address
• Proof of insurance

Read your contract carefully before signing so you know all the costs and fees, as well as the maturity date of the loan and how to make payment. Once the loan is executed you will hand over the title to the vehicle, and the lender will hold it until you repay in full.

Understand that if you can’t make repayment, the lender is entitled to take possession of your vehicle, but not before giving you 20 days to satisfy, or “cure,” the loan.