Navigate Your Way To Financial Security With Auto Title Loans

At Wisconsin Auto Title Loans, Inc., we know that financial insecurity is not a good feeling. It's hard when you feel like you're worrying about money all the time. 

We can help you find your way to financial security even in times of financial crisis. We offer auto title loans so you can get cash backed by your vehicle's title. Your vehicle has equity that you can use to borrow funds against. You must have the title in your name and a state-issued ID. You will also need to present your vehicle for inspection.

Find out how to navigate your way to financial security with Wisconsin Auto Title Loans, Inc. Keep reading to see how we can help you.

What Are Auto Title Loans?

Auto title loans use your vehicle equity to get you the cash you need in a hurry. These aren't like traditional loans where there's a lengthy application process and a deep dive into your credit history. In fact, there isn't a credit check at all.

When you own your vehicle outright, you are given the title to said vehicle. That means it's yours. You have paid any money owed for it and thus you own it. 

That vehicle is worth something if you were to sell it. The vehicle's value is the equity it has that you can borrow against. Wisconsin Auto Title Loans, Inc. lets you borrow money backed by the value of your owned vehicle when you have the title.

How Do I Qualify?

The biggest factor is the title must be in your name. You cannot apply for an auto title loan with a title that is in someone else’s name. Even if the previous owner signed the title over to you, it's not officially in your name. You will have to get an official title in your name for the vehicle from the DMV.

If you have the title in your name and you can present the vehicle for a physical inspection, you can qualify. You also need a driver's license or state-issued ID as proof of your identity. 

The only other piece of information that will be considered for your approval determination is your ability to make payments on the loan. If you cannot make payments, you aren't likely to get approval.

How Much Can I Borrow?

The amount you can borrow is different in various states. In Wisconsin, you can borrow up to $15,000 against your vehicle title. 

That is the maximum amount and is not what you're guaranteed. Your approval amount is based on the value of your car. We will not lend you any more than what your vehicle is worth.

Your loan specialist will also talk with you about loan payments to make sure you have the income to pay back the loan.

Benefits Of An Auto Title Loan

There are some benefits to applying for an auto title loan rather than a more traditional loan style. 

You don't have to rely on your credit history. You might not have a credit history yet. It could be that you've run into financial trouble in the past and have a bad credit history. That's OK. Auto title loans don’t rely on your credit score for the approval process.

The processing time for an auto title loan is minimal compared to more traditional loans. Your entire application process from the inquiry request to the final approval can take as little as a half hour. If you apply in the morning and complete everything before noon, you'll likely have the funds that same day.

You don't need a checking account to qualify for an auto title loan, either. You'll simply work out with the loan specialist how you intend to make your loan payments ahead of time. No account is needed.

You can make all your loan payments right online. Just as the application process is easy and convenient, so is the repayment process. 

Do I Need To Go To A Store Location?

You can go to a store location to complete your loan process if you want to. However, it's not necessary. You can choose a different location for an inspecting agent to meet you. The agent will review your documents and identification, as well as perform an inspection of your vehicle. 

Conclusion

You don't need to fall behind on your payments. If you own your vehicle outright, use it to help you stay on track financially. 

You can start your application process easily right here on this website. Simply go to the homepage and put in your information to request contact from one of our experts. In no time, you'll be speaking with a knowledgeable loan specialist from our company who can answer all your questions and get you scheduled for an inspection wherever is the most convenient for you.

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