The Only Things You Need For Installment Loans In Wausau, Wisconsin

Do you know what you need to get installment loans in Wausau, Wisconsin? Well, when you come to Wisconsin Auto Title Loans, Inc., you don’t have to worry about being confused or unprepared! We’ve made sure to make our list of items short and easy for you to remember! In fact, you only need three items to find out if you qualify for approval. So, if you are in need of this loan and need to know what is required, keep reading the rest of this article to find out.

What Do You Need To Apply For An Installment Loan?

Our installment loans in Wausau, Wisconsin are unsecured loans, which means that you don’t have to provide collateral in order to qualify. When applying for a title loan, for example, you would have to provide your vehicle for inspection and a lien-free title – this might take some extra time. Furthermore, not everyone has a valuable asset that they can use as collateral. Installment loans are a convenient option for those who need to receive the money as soon as possible but don’t have collateral.

However, one thing to keep in mind is that, as a valuable asset won’t be used to secure the loan, you do have to provide some other items to prove to us that you are capable of repaying the loan on time. But you don’t have to worry because, as we said in the beginning of this article, you only have to bring in three items for us to see if you qualify for approval! Here are the three items we are going to need in order to help you out:

• State-issued photo identification or a driver’s license.
• A checking account statement from a bank account that is open in your name.
• Proof of income.

State-Issued Photo ID Or Driver’s License

The first item you need to get installment loans from us at Wisconsin Auto Title Loans, Inc. is a state-issued ID or a driver’s license. We need to see this because we have to be able to prove your identity and to make sure you aren’t a minor. You see, we legally cannot give a minor a loan of any kind. So if you aren’t at least 18 years old, you can’t come see us for this loan. Also, if you don’t happen to have a driver’s license, just make sure the ID you bring in has your photo and is issued in Wisconsin.

Checking Account Statement In Your Name

The next item you need for installment loans in Wausau, Wisconsin is a blank check from an active checking account. To be able to get a full picture of your current financial situation, we need to be able to see your checking account from your bank. So if you don’t have a checking account in your name or your account isn’t active, you will need to fix that before you can get an installment loan here.

Proof Of Income

The last item we need to see is proof of your income. This is especially important because we have to be able to see that you can repay us on time. While the repayments will be made in installments, we still have to make sure you can make the payments on time. Now, when we say proof of income, we usually mean your most recent pay stub. However, we may be able to accept other income sources. Just give us a call before you come in so we can go over what you’ll need to bring in with you.

What Role Does Credit Play?

While we only require you to bring in three items, one thing you have to note is that we will have to check your credit before we can decide if you qualify for approval. While this isn’t a physical item you have to bring in, it is a part of our required items list because we can’t decide if you qualify without first checking your credit. As installment loans are not secured using collateral, this means we rely on your complete financial situation to determine if you qualify for approval, which explains the credit check.

However, though the loan representative you’ll work with at one of our stores will have to check your credit, it won’t be the only factor that the decision of approval will be based on. This means you don’t have to panic if you have poor credit. Let us run through your credit history and assess your other items and we can let you know your chances of getting approved. And if you really don’t qualify for installment loans in Wausau, Wisconsin, we also offer title loans to help you out with emergencies.

Apply For Installment Loans In Wausau, Wisconsin Right Now

Now that you know what you need to get installment loans in Wausau, Wisconsin, you have what you need to get fully prepared. The next time you come see us at Wisconsin Auto Title Loans, Inc., you will have all you need to let us determine if you qualify for approval for this loan. Now you don’t have to hesitate any longer to start the process. Ready to find out if you can receive the emergency cash? Then fill out the online form on our website today to get started!

 

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