Car Title Loans in St Joseph Missouri
Car title loans otherwise known as U Drive Loans and Pink Slip Loans are short term high interest rate loans. The loan amount is generally determined on 50% of the appraised value of the vehicle. Car title loans are short term high interest rate loans.
If they are not payed off in a timely fashion the interest can continue to accrue. You have to own your vehicle to get a car title loan. If you are still making payments on it this will not work.
Due to the poor economy these loans have grown in popularity over the years. People are living day to day and when an emergency hits people don’t have savings. This is when you have to go to your assets like cars, trucks, vans, and suv’s.
We are one of the few lender that also does loans on vehicles with junk titles. Junk titles are cars that have been deemed a total loss and are written off by an insurance company. Vehicle generally get written off when the estimate to fix the body damage is more than what the car is worth according to the insurance company. Please call Greg if you have any additional questions at (855)334-5525 or please fill out our quick online form below.