loans for people on disability

These 2 Loans For People On Disability Changed How Borrowing Works

Disability loans have not always been an easily accessible option. However, there are two loan types that change the way borrowing works in Wisconsin: car title loans and installment loans.

We’re here to tell you more about these two loan types and how they have changed borrowing loans for people with disabilities since they became a common resource. 

2 Personal Loans For People With Disabilities That Changed The Game

Historically, disability loans have not been readily available, when seeking financial assistance for disabled individuals. Instead, most loan types require some form of employment for security purposes and to off set the risk, which means the loans are not viable options for individuals on disability. Over the last few years, two loan types have changed the game: car title loans and installment loans.

installment loans for people on disability

These loan types are classified as short-term loans. They are options for many individuals, including those with bad credit scores or those on disability. Because these loans are available to so many and have several benefits, they have truly changed the game for lenders.

1. Car Title Loans

A car title loan uses your vehicle as collateral. As a result, this loan type is an option for individuals without proof of employment or a bad credit score. All the while, it can get individuals up to $15,000, which is much more than many other secured loan types.

So, car title loans may be an option for you if you do not qualify for loan types that require employment or a good credit score. It is also an option for financial assistance for disabled individuals, especially if you need a bigger amount of money from the loan and you believe your car can secure that amount.

What You’ll Need

To apply for a car title loan from Wisconsin Auto Title Loans, Inc., you need three items: your driver’s license or state-issued ID, a lien-free title to your vehicle, and your vehicle for inspection. As long as you have these three items, you have a chance to qualify for one of these loan types.

How Much You Can Get

Wisconsin Auto Title Loans, Inc. offers title loans up to $15,000. The exact value you can borrow will depend on the value of your vehicle. A quick vehicle inspection of your vehicle’s make, model, year, and condition will help to determine the amount you qualify for.

How Long It Takes

The in-person process of applying for a car title loan from Wisconsin Auto Title Loans, Inc. takes as little as 30 minutes. This can let you get your title loan money on the same day or the next business day. If you are looking for emergency loans for people with disabilities and need the convenience of a loan representative coming to you, you can apply for an online title loan.

2. Installment Loans

An installment loan is a little different from a title loan. This unsecured loan type does not use collateral. Instead, your signature is your promise to pay back the loan. You will pay back the loan in predetermined installments, explaining the name of this loan type. Installment loans are an option if you only need up to $1,500.

What You’ll Need

To qualify for installment loans, you will need a driver’s license or state-issued ID, a checking account statement in your name, and proof of income. Speak to our loan representatives about disability income loans to confirm that the location near you will allow you to use your disability check as proof of income.

How Much You Can Get

Installment loans from Wisconsin Auto Title Loans, Inc. can get you up to $1,500. Factors such as your proof of income may determine the exact amount you can get.

How Long It Takes

Getting installment loans is just as fast as getting title loans. The in-person process can take as little as 30 minutes, and as long as the rates and terms, you can get the installment loan money on the same day or the next business day.

get a loan for people on disability

How To Get A Car Title Loan Or An Installment Loan When You Have A Disability

If you are interested in qualifying for a car title loan or an installment loan from Wisconsin Auto Title Loans, Inc., you can simply get your process started from the comfort of your home by:

  1. Fill out the simple form for loans for people on disability. Make sure to select whether you are applying for title loans or installment loans first.
  2. Wait for a loan representative to call you back. You can then set up an appointment with the loan representative from the closest storefront location.
  3. Bring your required items to the meeting and sit down with a loan representative.
  4. During the meeting, the loan representative will evaluate your qualifying items to determine if you can get a loan.
  5. If approved, you can get your loan money the same day or the next business day.

Applying For Financial Assistance For Disabled Individuals Today

Not having a traditional source of income from employment can make getting a personal bank loan difficult, but with the help of Wisconsin Auto Title Loans, Inc. you can qualify for the fast cash you need, the same day you need it! So, if you’re disabled and looking for disability income loans to address a financial emergency, you might want to consider our car title loans or installment loans.

If you’re interested in applying for either of these loan types, fill out and submit the online loan form to get the process started 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.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.