Title Loans in St. Louis
Like much of the rest of the nation at the present moment, the economy in the state of Missouri is still in fiscal turmoil. The global financial meltdown of several years ago-that ultimately resulted in the Great Recession-is still taking its toll on the hardworking citizens of the state. This is not to say that all residents are experiencing financial hardships. Indeed, those at the top of the income heap have been grabbing cash by the fistful in recent years. That said, the majority of the population is still struggling to scrape by on a week-by-week basis.
A quick look at some of the economic numbers associated with the state will put this potentially dire situation in perspective. According to recent studies conducted by the University of Missouri, growth of personal income in the region has not been able to keep up with skyrocketing costs of living. As a matter of fact, the majority of households in the state are actually less wealthy than they were just seven short years ago. This shocking decline in personal income has spilled over to the public sector, which has consequently experienced drastic losses of tax revenues.
To make matters worse, joblessness has been ravaging communities around the state. This is demonstrated by the fact that unemployment numbers are still higher than they were back in 2010. What jobs are to be found tend to be in the service sector, and offer lower wages than other parts of the employment market. Rounding things out are the large number of citizens that, exasperated with the inability to find work, have practically left the labor force altogether.
Trends such as this are reflected in cities such as St. Louis. This city of close to half a million people has a per capita income of about 23,000 per year, but average rent levels that are close to $800 per month. Not only is this rather unreasonable, but when the other necessities of life are added to the mix-such as food, clothing, and medical care-it quickly becomes clear that many residents may be living lives of quiet desperation.
This is all occurring against the backdrop of the inevitable challenges of everyday life. Everyone must at one time or another wrestle with issues that include job loss, bankruptcy, foreclosure, eviction, serious illness, sudden injury, divorce, and death. While impossible to avoid, these problems can often be mitigated with an infusion of extra cash at the right moments.
The regular banks seem unconcerned about the plight of the common person, rather preferring to help those who are already relatively well-heeled. Even those with higher than average credit scores are often shown the door when seeking emergency funding.
Luckily, there is a way past this logjam, and it’s known as a title loan. Far from being complicated, this is a simple cash advance that can be offered to those who can produce clear titles to their vehicles. Here on the St. Louis Car Title Loans site, our main goal is to help those seeking title loans in St. Louis to quickly get the cash that they sorely need.
When title loans and those offered by the regular banks are studied side by side, it quickly becomes apparent that the title loans offer many benefits that the banks just can’t match. Included in this list of perks are the following items.
The vehicle that is used by the loan recipient in the transaction is also the collateral. This fact makes credit checks of any kind redundant.
All of our valuable recipients of St. Louis title loans are actively encouraged to keep possession of-and continue to make use of-the collateral vehicle while the loan balance is being serviced.
Mistakes will be made by everyone throughout life. Even though this is the case, at our firm we believe that everybody deserves a chance to build a better future.
As has been demonstrated, the overall economic conditions in the state of Missouri-and St. Louis-are quite challenging for the majority. That being said, visitors here on the St. Louis Car Title Loans site that are seeking title loans in St. Louis are certainly on their way to success.
The process which our valuable customers use to apply for title loans here on the St. Louis Car Title Loans site has been designed with the comfort, convenience, and needs of our clients in mind.
During the course of this procedure, our representatives will be reaching out to prospective loan recipients. This being the case, it will be helpful if customers begin by including some basic contact information in the fields that have been provided for this purpose. Email address, phone number, name, and zip code will all be necessary, and make the entire process much faster.
After this quick step has been completed, the next order of business will be for clients to help us get to know a little bit more about the vehicle that will be used as collateral in the transaction. To this end, the make, mileage, year, and color of the vehicle in question should be listed in the proper spaces. As in the case of the contact information, making sure that this information is accurate will help us to provide loan applicants with the fastest-and most detailed-estimates possible.
It is worth noting that in addition to regular cars, many individuals have used trucks and motorcycles for this purpose. At St. Louis Car Title Loans, we go the extra mile to make sure that clients are successful in their loan procurement efforts.
Once this part is finished, prospective loan recipients will receive a prompt, free, and accurate title loan estimate. This will set the ball rolling by letting them know just how much potential cash is sitting and waiting for them.
Lastly, customers will be contacted by a friendly and knowledgeable St. Louis Car Title loan specialist. The representative will take all necessary time to answer any and all questions that the loan applicant may have. They will then tidy up any loose ends, and begin the loan transfer process once all details are taken care of.
St. Louis Car Title Loans