Title Loans: Everything You Need to Know

December 12, 2019 | Peyton Sawyer

 

title loans WI

 

Getting hit with an unexpected expense can sometimes leave you scrambling to find the extra cash needed to address it. Whether you are trying to pay off a bill, make a repair, or even make a purchase, a title loan may be the solution you are looking for. If you have never used an alternative funding option like car title loans, then you are probably wondering what it is and how it works. Before entering into a financial contract, you should find out everything you need to know about car title loans.

What Is A Title Loan?

A title loan is a short-term loan that requires an asset as collateral. If you own a vehicle with a lien-free title, such as a car, SUV, truck or motorcycle, you can use its value to receive the emergency cash you need the very same day. There are a few reasons why title loans, also referred to as car title loans or auto title loans are popular. Qualifying is often easier than a traditional loan regardless of your credit. As an added bonus you are only asked to provide the lender with your vehicle title in exchange for a cash amount, which means you can still drive the vehicle you use as collateral while making payments.

Requesting Title Loans Online

Applying for a title loan online will allow you the option of completing your car title loan request right from the comfort of your own home. The representatives at Wisconsin Auto Title Loans, Inc. are waiting to assist you with your fast cash needs. By completing the online request form, you can get the title loan process started immediately. Once you have submitted the convenient online inquiry form, you will receive a call back from one of our friendly store representatives. At that time, they will confirm the information you have provided, explain the simple requirements needed for approval, and set up a time to meet you at a location of your choosing.

If you’ve searched for title loans near me, then you may have already found a Wisconsin Auto Title Loans, Inc. location that you would like to visit. If not, be sure to ask the representative for help in finding a location that is convenient for you. Our representatives want to make the application process as easy as possible.

Title Loan Requirements

When requesting a title loan from Wisconsin Auto Title Loans, Inc. you will be required to provide a few simple items. These items include your vehicle, a lien-free title to that vehicle, and a valid government-issued ID (driver’s license or state-issued ID). Once you have gathered those items, you can head over to the location that you have chosen. When you arrive, an associate will review your required items, and inspect your vehicle to determine the amount of title loan cash that you qualify for. The best part about this funding option is that you can receive your cash in just 30 minutes or less.

Do you have any questions? It’s ok if you do. You can get the answers you need from the associate that is helping you through the application process. Be sure to take the time you need to ask whatever questions you may have. The associate can explain how a title loan works and what will be expected of you during the repayment term.

How Much Title Loan Cash Can You Receive?

Getting the emergency title loan cash you need is easy at Wisconsin Auto Title Loans, Inc. With the fast application process and access to same-day cash, you can have the funds that you need in just 30 minutes or less. By simply providing the required items needed, you can be on your way to getting financial assistance. The amount you can qualify for is determined by the requirements that you provide, and a quick inspection of your vehicle to determine its condition and value. Title loan amounts will vary, but up to $15,000 in same-day funds are available. When you arrive at one of our Wisconsin locations, the store representative will confirm that you have the simple required items needed to qualify, and before you know it you could be walking away with a title loan of up to $15,000.

 

Wisconsin title loans near me

 

Repaying an Auto Loan

No need to worry about repayment on your auto loan with Wisconsin Auto Title Loans, Inc. Our representatives will work with you to establish a manageable repayment plan that offers the comfort you need during this stressful time. Make regular monthly payments to satisfy the loan schedule or make extra payments to pay off your title loan early. If you would like an early pay off to avoid some of the interest charges, that’s fine, you can do so without penalty. Remember, we are here to help you.

Defaulting on A Title Loan

When you receive a title loan, you agree to make payments according to the terms listed in your contract. If you are unable to make the regular payments as originally agreed upon, be sure to contact your lender. We get it, life happens, sometimes preventing you from fulfilling financial obligations that you have entered into. But, when that happens, it is important to communicate the hardships that you are facing to avoid title loan default. Title loan default is the failure to repay a loan according to the terms agreed upon. When you receive a title loan, your vehicle’s title is used as collateral, which means the lender can seize that vehicle for nonpayment. We do not want that to happen. Please be sure to contact us so that we can help to keep your title loan in good standing. We will do all we can to assist you.