Does An Auto Cash Title Loan Actually Help?
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An auto cash title loan is an emergency loan that allows you to use your car’s title as collateral to receive up to $15,000. Wisconsin borrowers can use this money to help pay for financial emergencies that they do not have the money to pay for out-of-pocket.
In this guide from Wisconsin Auto Title Loans, Inc., learn more about what title loans are and how they can help you during a financial crisis. We will go over financial emergencies you can face that an auto cash title loan can help you pay for.
What Is An Auto Cash Title Loan?
A Wisconsin title loan allows borrowers to use their vehicle equity to borrow money for urgent expenses. Those who have paid off their cars fully can use their clear car title as collateral for an emergency cash loan. A loan lender will place a lien on the car title and provide emergency cash they can use to pay for a financial crisis.
This quick cash loan gives borrowers in need a fast option for paying urgent expenses. Some title loan benefits they can take advantage of include quick access to cash, approval for bad credit borrowers, no in-store visit required, and keeping their car during loan repayment.
6 Financial Emergencies That A Wisconsin Title Loan Can Help Pay For
Auto cash title loans should only be used in serious financial emergencies. These are situations where you must make expensive payments that cannot wait. You should not use a car title loan frivolously on non-essential items, such as clothing, entertainment, jewelry, and luxury travel.
If you face a severe financial crisis, a Wisconsin car title loan can help you. Using a title loan can allow you to pay for urgent expenses without suffering from service disruptions, late fees, lowered credit, or eviction.
The following are six financial emergencies that a Wisconsin auto cash title loan can help you pay for:
1. Late Bills
Everybody has bills they must pay every month, which can include rent, mortgage, and utility bills. However, it can be difficult to afford these bills when going through financial hardships, such as losing your job, having your hours reduced at work, or not working as much as a freelancer.
Not paying utility bills can lead to your landlord turning off your water, heat, air conditioner, etc. Failing to pay your rent or mortgage can lead to eviction. An auto title loan can provide the quick cash you need to afford late bills and avoid the life-altering downsides of missing bill payments.
2. Home Renovations
There will be times when your home needs urgent renovations. While renovating your kitchen because you want to change it is not a financial emergency, having broken air conditioning, roof damage, or cracked walls are issues that you must correct.
The worst part about needing home repairs is the price, as they can cost thousands of dollars, which you may not have. Leaving these issues around the house can affect your home's integrity and its ability to provide safe and comfortable shelter. You can take out a cash title loan to pay for necessary home renovations and correct major issues that affect your home.
3. Auto Repairs
Another financial emergency that you can pay for with a Wisconsin title loan is auto repairs. Your vehicle can experience damage the more you use it. Parts will need to be replaced after you use them for a while. Your car can also experience interior damage after abundant use, and you will need to pay for these repairs to continue operating safely.
Paying for auto repairs on things like broken brakes, leaking transmission, and a defective air filter can help keep yourself and the other people on the road safe. A major issue while behind the wheel because you failed to pay for the proper auto repairs can risk your life and other drivers around you. Get a vehicle title loan with Wisconsin Auto Title Loans, Inc. to receive emergency cash to pay for necessary auto repairs.
4. Medical Bills
No one expects to fall ill or suffer an injury suddenly, but life happens. Things can get even worse if you need surgery or require a certain medication. The most important thing is that those suffering from a medical issue person is to get the treatment, procedure, or medicine that they need.
Whether you’re uninsured or have a high deductible to pay and can’t handle the cost on your own, auto cash title loans can help you out of a rough spot. You can use the emergency cash provided by these loans to pay for medication, surgery, hospitalization costs, physical therapy, etc.
5. Unexpected Travel Costs
Travel costs can be high when you have time to prepare for them, but the prices can increase during emergencies. For example, hotel room and flight ticket costs can increase when purchased only a few days ahead of time.
If an emergency situation requires you to travel without the time to prepare, Wisconsin vehicle title loans can help you pay for the high travel costs. Don’t let travel expenses keep you away from family and friends during a time of need; use an auto cash title loan to pay for unexpected travel costs.
6. Veterinarian Bills
Your pet can have a health emergency that requires you to take them for an emergency visit to the veterinarian. Keeping your pet healthy should be a priority, but some may not have the money to pay for the cost of treatment. You can get a Wisconsin title loan to pay the cost of emergency veterinarian bills. Don’t let your pet’s health get worse; pay for veterinarian bills with an auto title cash loan.
Getting A Wisconsin Title Loan With Wisconsin Auto Title Loans, Inc.
If you think a title loan is right for you, then Wisconsin Auto Title Loans, Inc. can offer you up to $15,000 in emergency cash if you qualify for approval. The online process to get started is simple, and the in-person process takes a minimum of 30 minutes to complete. Once you’ve filled out our online form, you’ll be put in touch with a representative with whom you can schedule a meeting.
Your loan specialist will also review the loan process with you, explain how everything works, and discuss your obligations to repay the loan. This includes the required items you will need to show us before we can assess whether you qualify for approval. The good thing is this list is short and simple for you to remember.
You’ll need the following required items to find out if you’re eligible for a title loan in Wisconsin:
- Driver’s license or state-issued ID
- Lien-free vehicle title
- Your vehicle for inspection
At the meeting – which can either be at the nearest Wisconsin title loan store or at another location of your choosing – your loan specialist will thoroughly inspect the general state of your vehicle. If everything checks out, you may qualify to get a title loan. You will likely get the expedient emergency money for your situation later that very same business day or the next business day.
Get An Auto Cash Title Loan With Wisconsin Auto Title Loans, Inc. Today
Now that you understand how a Wisconsin title loan can help you, it’s time to decide if it is the right financing option for your financial emergency. If you experience any of the above-mentioned financial emergencies, Wisconsin Auto Title Loans, Inc. is here to help with our fast and simple title loan approval process.
Start the process online today with our title loan inquiry form. Provide your basic information, and a loan specialist will call you to discuss what you need to do next to get approved for emergency cash.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.