What Is Necessary To Qualify For A Title Loan In La Crosse, WI?
Understanding title loan requirements in La Crosse, WI, can help borrowers know what they need to get approved for a quick cash loan. La Crosse title loans can help those facing a financial emergency by providing up to $15,000 in emergency cash, and borrowers only need to meet a few straightforward requirements.
In this guide by Wisconsin Auto Title Loans, Inc., learn what title loan requirements in La Crosse, WI, you must meet in order to get approved for emergency funds. We will also explain what steps you need to take to get same-day approval for Wisconsin title loans.
What Are The Title Loan Requirements In La Crosse, WI?
At Wisconsin Auto Title Loans, Inc., we make it easy to get a title loan in La Crosse, WI; we’re committed to helping you regardless of the state of your credit. We’ve kept the list of items you need for a title loan short to allow easier approval for borrowers who need fast cash. We want to make sure you remember these items and keep them accessible at a moment’s notice.
The following are the requirements you must meet to qualify for a title loan in Wisconsin:
1. Must Be 18 Years Old
The first title loan requirement for Wisconsin title loans is that borrowers must be at least 18 years old. Borrowers must be a legal adult to get approved to borrow money in Wisconsin. This is to prevent those who are too young to borrow responsibly to receive cash.
Borrowers must be able to borrow responsibly, as not taking the responsibility of paying back their title loan seriously can lead to significant downsides like late fees and losing their car. Before getting approved, borrowers must prove they are at least 18 years old.
2. Identification
The other requirements have to do with items you must show to a loan representative during an in-person meeting. Wisconsin borrowers must have a state-issued photo ID to qualify for a title loan in Wisconsin. In most cases, borrowers will use their Wisconsin driver’s license to prove their age and identity.
However, those who do not have access to a driver’s license or would rather use something else can do so. At Wisconsin Auto Title Loans, Inc., we accept anything state-issued with your full name, age, and photo. Examples include your passport, state-issued ID card, or student ID card.
3. A Lien-Free Car Title
Of all the requirements, the lien-free title might confuse some. A lien is a legal claim against an asset, deferring it to the lienholder until the debtor pays what they owe. In essence, any title loan lender places a lien against a vehicle to mitigate the risk they undertake by lending out money. If there’s already a lien on the vehicle, then it serves no value as collateral since it technically already belongs to that third party.
In most cases, a lien on a vehicle would be from a car dealership when a driver has yet to pay off their vehicle fully. Drivers cannot get approved for La Cross car title loans until they have fully paid off their vehicles and cleared any outstanding liens or judgments.
The car title must also be in your name. If your vehicle title is in someone else’s name, such as because you bought it from them directly, you will have to get the name changed first. You can get the name changed on your car title at a local Wisconsin DMV office. Once you have a lien-free car title in your name, you can attempt to get a title loan in La Crosse, WI.
4. Your Vehicle
The final title loan requirement in La Crosse, WI, is your vehicle itself. When you need a Wisconsin title loan, we determine how much we can lend you through your car's condition and resale value. This means we need to physically inspect the vehicle before we can tell you if you qualify. If your vehicle is in good working condition, you can get a higher loan – if approved, of course.
A lesser-valued car offers less security for us, which is why you likely won’t qualify for as much on a title loan in La Crosse, WI. We will also price your car using a nationally recognized pricing scale so you always know you’re getting a fair deal on your loan. Some of the factors we look at when determining the value of your title loan are your car’s year, make, model, mileage, and overall condition.
How To Qualify For A Title Loan In Wisconsin
Now that you understand the title loan requirements in La Crosse, WI, you can begin the process of getting approved. As long as you can meet the above-mentioned criteria, you have a good chance of getting approved for up to $15,000. You can get same-day approval for La Crosse title loans by following the easy steps needed at Wisconsin Auto Title Loans, Inc.
The following is how to qualify for a title loan in Wisconsin:
- Submit the secured online form right here on our website. This form sends us your basic contact information so we can reach out to you over the phone.
- Wait for a representative to call you back. When they do, they’ll review what you need to bring in and schedule a meeting to either come into the nearest La Crosse, WI, title loan store or have us meet you at your home or office.
- Gather your required items and go to the meeting. You will sit down with one of our loan representatives, and they will assess your items and inspect your vehicle’s value.
- If you are approved, the loan representative will provide the final paperwork you need to sign and answer any remaining questions. Once done, you can receive your money as early as that same day or the next business day.
Apply For A La Crosse Title Loan Today To Access Up To $15,000!
Wisconsin Auto Title Loans, Inc. only has a few simple requirements borrowers must reach to get approved for a La Crosse car title loan. We can help borrowers of all credit types get the emergency cash they need with just a few simple steps.
Don’t let a financial emergency ruin your immediate future! Get the help you need today by filling out our simple online form. One of our loan agents will call you to explain the title loan requirements in La Cross, WI, and walk you through the steps involved in getting approved for emergency cash 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.