Title Loans Missouri – 5 Best Title Loans in Missouri in 2021

You may have encountered the term “title loans” in various financial institutions and banks when seeking out alternative sources of credit. For those who are unaware, title loans refer to loans that require an asset as collateral. They have become extremely popular due to their less rigid requirements and quick approval rates. Title loans can be applied for from almost all US States like Wisconsin, However, online title loans in Missouri being in high demand.

Title loans have become extremely popular as they do not take the borrower’s credit rating into consideration. Car title loans are the most common form of title loans where the borrower’s car is considered collateral throughout the duration of the loan. However, many individuals are still unaware of how to apply for title loans, which is why we’ve prepared the following guide.

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#1 Missouri Title Loan in 2021 – Viva Payday Loans

Best Title Loans Missouri – Quick-Pick:

  • Viva Payday Loans – Overall Best Car Title Loan Provider. Visit Now.
  • Credit Clock – Best For No Late Repayment Fees. Visit Now.
  • Money Lender Squad – Best For Clients With No Guarantors. Visit Now.
  • Very Merry Loans – Best For Same-day Payouts & Quick Approval. Visit Now.
  • Heart Paydays – Best for Lowest APR & Installment Loan. Visit Now.

What are Title Loans Missouri?

As mentioned before, title loans are usually short-term loans that require borrowers to put up a valuable asset as collateral for the loan. The most common form of title loans is car title loans where the borrower’s car or a vehicle is put up as collateral. Typical car loans usually carry high double or triple-digit annual interest rates and require repayments within one month. Lenders and providers of title loans do not take the borrower’s ability to pay into consideration.  The lender has the legal right to summarily repossess the car if the borrower fails to keep up with the recurring deposits.

For car title loans, the borrower is required to own a vehicle or car outright and hand over the title to the auto loan title company. Typically lenders can provide up to 25% of the car’s total value as a loan and keep the car’s title as collateral. Loan amounts can range from $500 to $5000 depending on the value of the car. The lender can repossess the car immediately if the borrower does not repay the title loan in accordance with the repayment agreement. The lender may allow the borrower in default to make interest-only payments for one-month periods, which rolls over the loan amount until its repaid.

Common uses of Title Loans Missouri

We can get a complete idea about the reasons why borrowers go for title loans if we take a look at testimonials and surveys online. Based on the information gathered, we have summarized some of the most common uses of title loans.

Healthcare and medical bills

Healthcare is the source of one of the major expenses that a household has to incur in the United States. Any sudden medical emergency will put immense stress on your finances, especially if you’ve failed to apply for health insurance. Medical operations and treatments are something that should not be delayed, which is why many opt for title loans.

Utility bill payments

Utility bills and energy costs are quite steep for a substantial part of the US population. Any disruptions in energy services can affect one’s quality of life. Many consumers find themselves in a sticky financial situation with many bills to pay but have no salary or sufficient savings to tap into. These individuals can take out a title loan for this purpose.

Debt Consolidation

Borrowers often look for payday or title loans to cancel out another debt. This is known as debt consolidation. By this method, you take out a new title loan to pay off existing credit card debts of any other forms of loans you might have. This should only be done if the interest rate of the title loan you’re taking out is less than that of the previous loans.

How to Qualify For Title Loans Missouri (Eligibility Criteria)

Most title loan lenders and providers lower their eligbility requirements to allow the maximum number of borrowers to apply. While eligibility criteria can vary slightly between providers, some of the basic requirements are listed below.

  • You need to be 18 years or older to qualify for a car title loan.
  • You must have a government-issued ID that matches the name given in the document.
  • You must also have valid documents to prove ownership of the vehicle.
  • You have to provide proof of income to show your repayment ability. Many companies may accept benefit payments as proof of income.

Lenders normally do not check your credit rating before you apply, as the value of the loan will depend on the vehicle’s valuation. This makes it a good option for individuals who do not qualify for unsecured loans such as payday loans.

5 Best Title Loans in Missouri – Fully Reviewed

Missouri is full of online payday and title loan lenders. We’ve compiled a list of five of the most sought-after loan providers below.

1. Viva Payday Loans – Overall Best for Title Loans Missouri

Viva Payday Loans has been operating in the lending market for quite some time now. With a seamless website, complemented by easy-to-use functions, this provider works with some of the biggest US lenders in the market. You can access up to $5000 with this provider with loan tenures ranging between 2 to 24 months. Once signed up, you provide them with your preferences after which the provider automatically connects you to a lender from their network.

Lender APR rate Loan amount range Loan term range Star rating
Rise Credit 50%-299% $500 to $5000 2 to 24 months 10/10
LendUp 30%-299% $100 to $500 2 to 24 months 10/10


  • Viva Payday Loans offer same-day payouts.
  • They provide you with multiple loan amount options starting from $200 to $5000.
  • It provides a very easy-to-understand application form that can be filled up within minutes.


  • It does not provide its services to all US states.

2. Credit Clock – Best For Lower Loan Amounts

As the name implies, Credit Clock is one of the most popular online payday and installment loan providers which you can access in a matter of minutes. This provider requires you to show proof of income of at least $1000 per month. They also work with a number of lenders which specialize in bad credit loans. You also have to be a permanent US citizen to apply for a loan with Credit Clock.

Lender APR rate Loan amount range Loan term range Star rating
OppLoans Variable $500 to $4000 9 to 18 months 10/10
GreenDay 5.99% to 35.99% $100 to $5000 24 months 9/10


  • Credit Clock allows individuals with questionable credit status to apply with them as well.
  • It provides a fast approval process, which gets completed within minutes of applying.
  • Credit Clock provides loans within 24 hours of applying in most cases.


  • The submission requirement related to proof of income may be difficult for some to produce.

3. Money Lender Squad – Best for Same Day Payouts

Money Lender Squad provides some of the best interest rates in the market. It can provide loans without guarantees which is ideal for financially struggling individuals and those who have a low credit score. You can get loans with APRs ranging from 30% to 100% depending on the lender. It provides a platform where you will be connected to the loan provider as soon you submit the loan application.

Lender APR rate Loan amount range Loan term range Star rating
OppLoans 99% -160% $500 to $4000 2 to 48 months 10/10
Rise Credit 89% – 449% $300 to $3500 2 to 24 months 10/10


  • Money Lender Squad does not require a guarantor for loans.
  • It provides some of the fastest times for loan approval.
  • Money Lender Squad will also allow you to extend your loan tenure on request.


  • You will be charged high-interest rates if your credit score is low.

4. Very Merry Loans – Best for Low APR

Very Merry Loans is a provider that has the most number of lenders under its network. This also increases your chances of getting a loan as your application is being checked by numerous lenders. When you visit their website, you will be welcomed with a panel filled with some of the best US lenders available.  At Very Merry Loans,  you can apply for short-term loans as well as long-term ones that can last up to 24 months. The APRs for lenders at Very Merry Loans can range from 5.99% to 35.99%. You will have to provide monthly income proof to be eligible.

Lender APR rate Loan amount range Loan term range Star rating
CashNet USA Variable $500-$1000 8 to 31 days 9/10


  • Very Merry Loans allows even unemployed individuals to apply for loans, provided they can provide proof of monthly income of at least $1000.
  • They can provide you with extended repayment methods on request.
  • Very Merry Loans allow loan requests of up to $5000.


  • Loans with tenures of up to 30 days carry high interest rates.

5. Heart Paydays – Best for Same Day Disbursement

Heart Paydays welcomes borrowers from all backgrounds. As an easy-to-apply loan provider, Ehart Paydays connects you with some of the top online US lending institutions available. It also has one of the highest approval rates among all of the providers listed here. At Heart Paydays, you can apply for loans of up to $5000 with APRs up to 35.99%.

Lender APR rate Loan amount range Loan term range Star rating
LendUp Variable $100-$500 30 days 10/10
ACE Cash Variable $200-$2000 7 to 30 days 9/10


  • At Heart Paydays, you do not require any complicated paperwork and documentation.
  • It is available on a 24/7 basis.
  • Heart Paydays completes disbursement in under an hour in most cases.


  • The loan origination and processing fees can seem a bit high for some borrowers.

Features of Title Loans Missouri

Title loans have certain characteristics that make them different from other traditional loan forms. We’ve outlined some of the most salient features of title loans below.

No Strict Credit Requirement

Title loans do not require a high credit score for approval which is why consumers flock to them. They are called secured loans as they involve collateral to be provided by the borrower. The lender minimizes the risk by asking for collateral and is not worried about the prospective applicant’s credit score. This allows even low-credit individuals a chance to apply.

No Credit Check

Title loan lenders normally do not consider and sometimes ignore an applicant’s credit history. Some lenders don’t even require a credit check. A hard credit check can lower your credit score, which happens every time you seek a loan. If the lender you apply with conducts a credit check, you have to deal with a strike against your credit. In the case of title loans, consumers can apply without worrying about their credit score dropping.

Simple and convenient

Compared to a traditional loan, applying for a title loan is generally simpler. Title loan applications normally focus on basic details regarding you and your vehicles, such as the model number and other details. This is radically different in comparison to traditional loans where you have to track down references and undergo extensive background checks. Title loans do not involve such time-consuming processes.

You can use the vehicle

Consumers taking advantage of title loans can get more out of their vehicle as they do not have to give up their use throughout the loan tenure. They continue using the vehicle just like normal even after submitting the vehicle title to the lender to take out a title loan. The vehicle thus functions both as everyday transportation and as collateral.

Freedom when Using Funds

Consumers can use title loan funds for anything they want, such as covering basic expenses like rent and bills or for optional purchases such as a vacation. The lender will not ask the purpose of the funds and you have the liberty to use it as you please.


Lastly, title loans are processed faster compared to a traditional loans. Some lenders provide the funds within 24 hours of applying. Traditional loans on the other hand can require upto 7 days to get approved.

Types of Title Loans Missouri

Bad Credit Loans

You can apply for title loans even if you have bad credit scores. This is due to the criteria of these loans being much flexible compared to traditional loans.

You can apply for a title loan without any danger to your credit score. These lenders do not conduct a hard credit check on your account, which does not affect your credit score.

Get a bad credit title loan here >

No Credit Check Loans

One of the biggest advantages of title loans is that they involve no credit checks. Credit checks can be disastrous for an individual already struggling with a low credit score.

With title loans, lenders do not require to perform hard credit checks on applicants, as their loan is secured by the applicant’s vehicle.

Get a no credit check title loan here >

Direct Lenders Loans

Many consumers prefer taking out title loans from trusted direct lenders. They may do so if they have a past working relationship with the client or they think that they’re getting the best rates possible in the market.

These consumers should re-evaluate their position. They might be happy with direct lenders but they will get more options when they work with title loan providers. It increases your chances of loan approvals as well as getting favorable rates.

Get a direct lenders title loan here >

Same Day Deposit Loans

Some of the best title loan providers provide same-day deposits loan to their applicants. Consumers seeking out title loans normally require funds at a short notice. They do not have the time to wait for approval from traditional lending institutions.

Title loan lenders come to their aid by providing funds as soon as possible. Depending on the lender you’ve been connected to, you may receive the funds within 24 hours of applying.

Get a same day title loan here >

Unemployed Loans

Title loans can be granted to unemployed individuals provided they have a vehicle to put up as collateral. The lenders aren’t concerned with the applicant’s employment status, instead of focusing on providing the loan to the applicant as easily as possible.

This provides an opportunity for unemployed individuals to get access to funds when they are disqualified or barred from traditional institutions such as banks.

Get a unemployed title loan here >

SSI Benefits Loans

Individuals who get SSI benefits usually are impaired, disabled, or senior citizen. They usually have limited income and resources and are disqualified from applying for traditional loans.

They can qualify for title loans because the eligibility criteria are less strict.

Get a SSI benefits title loan here >

Payday loans vs Title Loans Missouri

Payday loans and title loans are both short-term loan products. However, they differ when it comes to certain points.

Interest rates

Compared to payday loans, title loan interest rates are far less. This is due to the secured nature of these loans where the lender has the right to repossess the asset if the borrower doesn’t pay on time.

Loan amount

Payday loans are typically restricted within $5000 or similar. Title loans on the other hand depend on the valuation of the vehicle you have put up as collateral.

Advantages of Title Loans Missouri

Fast Money

Title loans can provide loan funds very quickly. You can simply complete an application and get your money much faster most of the time. The loan amount granted is typically much less than the car’s value, which helps the company if the borrower cannot afford to repay the loan.

Vehicle Usage

Similar to a home equity loan, you get to use your vehicle throughout the tenure of the loan. This allows your vehicle to be used both for transportation as well as serve as a guarantee towards the loan.

Fewer Credit Checks

It’s much easier to get a title loan which is why people resort to them. Traditional lenders can perform hard credit checks on your account which can lower your credit score. Title loan lenders do not perform hard credit checks which do not lower your credit score in any case.

Disadvantages of Title Loans Missouri


In many cases when the interest compounds and you cannot pay for the loan, it is possible that the lender may repossess your vehicle. The lender can recuperate some losses when you put up your car as collateral if you default on the loan.


Some title loan lenders charge excessive fees associated with the loan. These hidden fees are usually included as part of the loan contract you sign. Costs include repossession fees, credit insurance and others.

How to get Title Loans Missouri

Title loan providers have very easy-to-understand websites that allow anyone to easily apply for a loan.  While the exact methods may vary slightly, the application process is more or less the same across the market. We will take Viva Payday Loans as an example.

Step 1: Visiting the Viva Payday Loan Official Website

Go to Viva Payday Loans’ official website and click on the “Apply Now” button which can be found on the top right corner of the screen.

Step 2: Completing the application form

The forms for title loans are usually simple in nature. They usually require your name, income details, banking information, personal information and employment details. Some lenders may also ask for proof of monthly expenses.

Step 3: Getting your decision

Viva Payday Loans normally take about 2 minutes to authorize your loan, which will promptly be notified on the screen. Any rejection of the application will also be intimated at this point.

Step 4: Receiving the loan

The loan agreement will be sent to you directly from the lender, once Via Payday Loans accepts your application. You should promptly submit the application after reading the terms and agreements.

Request Your Payday Loan at our Top Rated Provider – Viva Payday Loans


Do title loans affect my credit score?

Is there a minimum loan amount for customers?

Can I drive my car while I have the title loan?

Is there any penalty for prepayment for title loans?

Can I get a title loan if I’m bankrupt?

About Prodosh Kundu PRO INVESTOR

Prodosh Kundu is the Founder & CEO of SERP Consultancy, a prominent Digital Marketing Company in Kolkata, India. Starting his career in 2004, he is a Google AdWords certified internet marketing professional, SEO consultant, strategist, and analyst. With his strong understanding of financial market regulations, stocks, blockchain technology, cryptocurrency, & forex, Prodosh has written thousands of articles, blogs, broker reviews, guides, and offered critical analysis & recommendations on investment opportunities!