What Are Secured Auto Title Loans And How Can I Benefit From Them?

January 6, 2021 | Daniel Dewitt

what are secured auto title loans

If you are looking to borrow cash, then you may sometimes see secured auto title loans as an option. This is a slightly different way of borrowing cash than the methods you may be familiar with. So, we are here to show you what these title loans in Wisconsin are about. We also want to show you a few ways in which you may be able to benefit from them.

What Are Secured Auto Title Loans?

A secured auto title loan will use the title to your vehicle as collateral. This means that the loan is secured against the title of your vehicle.

When you use secured auto title loans, the amount of cash that you can borrow will be dependent on how much your vehicle is worth. For example, with Wisconsin Auto Title Loans, Inc., you can borrow up to $15,000 depending on your car value.

Because this is a secured loan, it has several different benefits that you wouldn't be able to enjoy with an unsecured loan such as your typical bank loan.

Who Would Benefit The Most From A Secured Title Loan?

Those that benefit the most from secured auto title loans tend to be those that need to borrow money quickly. These loans can often be qualified for in as little as 30-minutes in-person process, with the money being received on the same day or the following business day. Because of this, most of the people that inquire about title loans are doing so because they have emergencies that need to be covered, such as medical expenses, repair costs, etc.

Because it is a secured loan, there will also be less of a focus on the credit history of the applicant. This means that even those with a not-so-great credit history may still be able to obtain a secured auto title loan. It essentially opens up funding to people that may not otherwise have been able to receive it.

who can get secured auto title loans

Who Can Get Secured Auto Title Loans?

In order to obtain Wisconsin auto title loans, you must hold a lien-free title to your vehicle. This means that there should be absolutely no outstanding financing on the vehicle. There should also be no charges against it.

Wisconsin Auto Title Loans, Inc. will only be able to offer title loans to those that have a title to a car, truck, or van. You will also need a government-issued ID and your vehicle itself for inspection.

How Do You Get A Secured Auto Title Loan?

It all begins by filling in a short form for online auto title loans. This form will allow us to collect a bit of information about you.

We will then give you a call on the phone. It is at this point you are free to ask any questions that you may have about secured auto title loans. We will also check that you have the documents needed to obtain one of these loans.

You will then meet with one of our loan representatives at a location of your choice. They will carry out an inspection to determine if you qualify.

After inspecting your vehicle and reviewing your documents, we will be able to determine whether you qualify. All you need to do at this point is to finish the process by signing your loan agreement.

The final stage receiving the money that you are looking to borrow, which should arrive on the same day or the following business day.

The Main Reasons For Choosing Wisconsin Auto Title Loans, Inc.

Wisconsin Auto Title Loans, Inc. makes obtaining a secured auto title loan simple. We have locations throughout the state. This means that you shouldn't be too far from us. This can help to speed up the process drastically.

Our process is smooth too. From meeting with our loan representatives to signing your loan agreement can take as little as 30-minutes.

We have no income requirements for our title loans. This means that they can be an option for you if you are currently unemployed or are receiving benefits.

We don't have bank account requirements either. If you do not have a checking account, then we have alternative methods that we can use to provide you with the cash that you are borrowing. 

getting secured auto title loans

Inquire About Title Loans Today

If you need to borrow money quickly to cover emergency expenses, then secured auto title loans could be an option for you. Get started by filling in the inquiry form today. You could have the cash that you need by the end of the day or by the next business day.