Why Getting a Title Loan is Easy in Wisconsin

May 8. 2020 | By Peyton Sawyer

 

title loan WI

 

If you have ever needed extra cash and used a title loan in Wisconsin to get it then you know it is an easy process. With a few simple requirements, title loans can offer the cash you need to address a financial emergency that you are experiencing. Whether you need money to pay for an unexpected emergency, a medical expense, a bill that is higher than normal, a repair or purchase, the immediate assistance a quick cash title loan can be the answer, especially if you do not have what it takes to qualify for a bank loan.

Using a Title Loan for Your Cash Emergency

The requirements for a title loan are simple. Take a look below to see just how accessible they are.

Requirements for a Title Loan in Wisconsin

  • Drivers License or State Issued I.D.
  • Lien-Free Title to Your Vehicle
  • Your Vehicle for Inspection

Using a Bank Loan for Your Cash Emergency

Bank loans from a traditional banking institution have be known to have a stringent approval process that can often result in loan denial. The requirements for a bank loan are typically harder to provide when you have experienced a financial hardship.

Common Bank Loan Requirements

While every lender is different, the most common requirements for a traditional bank loan are:

  • Good Credit Score
  • Good Credit History
  • Proof of Income

Chances are, if you have been living on a small budget due to limited income, then you have most likely have had difficulty paying a bill at one time or another. When this happens, it can seriously affect your credit rating. And, as we all know a bank loan requires good credit for approval. While the interest rate on a bank loan may be better than using a private lender to access cash, the low interest rate is reserved for people with good to excellent credit. That means that your credit score should show good payment history, an acceptable amount of time that you have had credit, and a debt to credit ratio that is recommended. Did you know that you should only be using 30% of your available credit? It’s true. Once you use more than the recommended 30% of total available credit, your score will start to decline.

Title Loans, An Easy Option

Now that you have information as to why title loans are an easy option in WI, you may want to know how to get started, how long the approval process will take, and how much cash you can receive.

How to Get the Title Loan Process Started

Getting the approval process started is simple. All you need to do is complete the online request form at Wisconsin Auto Title Loans, Inc. to have a friendly representative call you. During that call, the representative will confirm the information you have provided on the form, answer any questions you may have at that time and direct you to a convenient store location. At that time, gather the requirements needed for title loan approval and head over to the location to complete the process. When you arrive, you will provide your driver’s license or state issued I.D., your lien-free vehicle title (registered under your name), and the vehicle you are using to secure title loan cash. Your vehicle will only be needed for a quick inspection to determine its value, and then it will be returned to you. You can keep driving your vehicle while you make payments. The cash amount you qualify to receive will be provided in exchange for your vehicle title. Once your loan is paid in full, your title is returned to you.

How Long Will Approval Take

Title loan funds are provided the same day you complete the process, in just 30 minutes or less. So, if you do not have time to endure a lengthy approval process, title loans are just what you need. With the stress-free process and immediate cash option, you can have your finances back on track in no time at all.

 

Wisconsin title loans

 

How Much Cash Can Title Loans Provide in Wisconsin

Title loan amounts vary. The amount of cash you can receive from a title loan in WI will depend on the value of the vehicle you are using as collateral. That value is determined by the quick vehicle inspection at the Wisconsin Auto Title Loans, Inc. location you visit. The inspection consists of a quick look at the make, model, year and condition of your vehicle. Once that is done, you will be offered an amount you are eligible to receive. It is as simple as that! So, why wait, when you can handle your cash emergency the same day it occurs?