Easy And Fast Loans For Gig Workers

When it comes to being a gig worker, you may think it is difficult to get loans for gig workers because of your nontraditional income, but there are loans for freelancers. The good news is, that if you need a loan to help you with emergency expenses, you have loan options to choose from in Wisconsin.

Despite what your income may look like, there are loans out there to help you out. When you come to Wisconsin Auto Title Loans, Inc., you can choose to get a title loan or an installment loan to help you out. Use this guide to help you choose the right way to get fast cash for gig economy workers.

What Are Some Easy, Fast Loans For Gig Workers?

Car Title Loans For A Gig Worker

The first option we offer in gig worker loans is a title loan. Car title loans use your vehicle’s lien-free title as collateral for a lump sum of cash. This loan is designed to help with emergency expenses like expensive medical bills or an expensive emergency home repair. Even if you are in between jobs, title loans are still an option for you because they are considered secured loans.

As a secured loan, the loan is backed by the collateral you provide – which in this case is your title. This means we can still consider you even if you have poor credit or a nontraditional paycheck – especially since we do not ask for proof of income when you apply for this loan. We also do not keep your vehicle while you repay the loan.

Instead, car title loans have an entirely different set of requirements that many gig workers can qualify for. If you end up qualifying for car title loans from Wisconsin Auto Title Loans, Inc., you can get up to $15,000, depending on the value and condition of your vehicle, either on the same day or the next bank business day at the latest.

Requirements For Title Loans

When it comes to personal loans, even for gig workers, there are requirements you have to meet and required items you have to bring in with you for us to determine if you qualify for approval for this loan which allows fast cash for gig economy workers. At Wisconsin Auto Title Loans, Inc., you will only need three things to qualify.

You will need a driver’s license or state-issued ID to prove you are 18 years or older and a lien-free title to your vehicle to use as collateral. You will also need your vehicle for inspection so we can determine how much you could get. Make sure that your title is free of any outstanding loans and in your name, before you come to see us to assist us in financing for gig workers.

Signature Installment Loans Cash

Another option you have for loans for gig workers is our signature installment loan. This loan will help with smaller emergency expenses and allow you to pay us back in installments instead of in one total amount. This loan could be used for smaller emergencies and can get you between $100-$1,500, if you are approved.

Another thing about this loan is – unlike our title loans – this one is unsecured. This means you do not need to put anything up as collateral to qualify for approval. We will, however, have to run your credit before we can let you know if you’ve been approved and for how much. We will also need proof of income to determine how much you could repay.

Requirements For Installment Loans

Just like our car title loans, there are certain required items you have to bring in so we can determine if you qualify for approval for one of our loans for freelancers. But when it comes to the required items, that is where the list differs from our title loans. For an installment loan, you must have your driver’s license or state-issued ID to prove you are at least 18 years old. We cannot approve you for any loan if you are a minor.

You will also need a blank check from an active checking account in your name and your proof of income. When it comes to your proof of income, we ask that you have your most recent work pay stub with you. This does mean that – unlike our title loan – we require you to have a checking account that is both active and in your name to qualify.

How To Apply For A Loan With Us

If you qualify for a title loan or installment loan and are interested in learning more, you can get started right now by filling out the Wisconsin Auto Title Loans, Inc. inquiry form on our website. As soon as you fill out this form, the nearest Wisconsin loan location will receive and one of our loan representatives will give you a call.

During the call, we will go over the required items for whichever loan you are going for and set up an appointment for you to come in. Keep in mind that if you are going for a title loan, we can meet you instead of you coming to the store. The appointment can take as little as 30 minutes to complete. If approved, you can get your money the same day you are approved or the next.

Tips And Tricks For A Gig Worker With An Irregular Income

Luckily there are options to help you when you find yourself in need of fast cash as a gig worker, but it is important to start regular habits to ensure you don’t find yourself in this situation again. Some tips to consider are:

Save Regularly

You may think it is hard to regularly save with an irregular income, and sometimes it might be, but if you are sticking to a budget and looking ahead at your expenses for the month, it is doable. The best approach is to save a certain percentage of your income each month. This will help you get in the habit of saving and looking ahead to manage your expenses that month accordingly.

Build An Emergency Fund

The best way to not find yourself in need of a loan again is to expect the unexpected. Life happens, and emergencies can happen any day, so you have to be proactive. While looking ahead at your month you can see what needs to be saved, what you need for necessities, and what needs to be saved specifically for those unexpected problems. 

Track Your Spending

Don’t spend without thinking! For each paycheck you receive, you should know how much needs to go where and how much is left over for non-necessities, if any. This allows you to treat yourself to something doable when you can. This can only be possible after budgeting correctly and paying what needs to be paid first!

Apply For Loans For Gig Workers Today!

If you are looking for financing for gig workers, Wisconsin Auto Title Loans, Inc. offers two you can look at right now. So, the next time you are going through an emergency that you can’t handle alone, you can let one of our loans help you out.

Just pick whichever loan will best help and fill out the online form on our website to get started on our process. Loan representatives are waiting to provide you with the information you need to access quick money today. 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.