Budgeting When You're Behind On Payments: How Auto Title Loans Might Help

If you’re worried about late payment fees, auto title loans from Wisconsin Auto Title Loans, Inc. might be able to help. You can use the money to cover various emergency expenses or get back on track with your usual payments, without incurring any additional charges for paying a bill after its due date.

In this guide, learn how you can handle late payments with a title loan. We will also explain what you need to get approved and the step-by-step process of getting title loans for emergency expenses.

How Can A Title Loan Help With Bills?

Missing an important payment, such as rent, credit card debt, or student loan payments, can lead to numerous drawbacks. You can incur a late fee, your credit score can go down, and you may even experience service disruptions.

The biggest advantage of a title loan is the fact that you’d be able to get a financial boost in a short timeframe, giving you quick cash to pay for late bills before things get too bad. In fact, if you get approved, you might receive the money on the following day or even on the same business day.

Here’s what makes this lending option so fast:

• Approval takes less than a day – Unlike traditional bank loans that can take weeks to get approved for, you can receive a title loan the same day you apply. Our simple approval process has just a few steps. You can receive your emergency funds within one business day.
• You can get the process started online – We make things easy to start the process. Instead of driving to one of our stores just to get started, you can fill out the simple online form on this website with your full name, zip code, email address, phone number, and vehicle details to get started in minutes.
• The in-person meeting takes only 30 minutes – You would have to meet up with a verification agent for the expert to inspect your vehicle and determine the amount you qualify for. However, you won’t have to wait long for the professional to make up his mind. The process can take just half an hour. If the loan gets processed before 12 PM, you can receive the money the same day.

Just remember, you must own your vehicle outright to get approved for a title loan. You will need to have a lien-free vehicle title in your name, and only cars, trucks, and vans are accepted. By the way, repaying the loan won’t become a problem as well. You can choose to use a convenient payment portal to make your payments from your home or office whenever you have a spare minute or two.

The Requirements For Title Loans In Wisconsin

Do you need title loan help with bills? Thankfully, getting approved only requires a few simple items. You will need items that verify your age, identity, car ownership, and vehicle value. You can prove these things with a few items you should be able to find at home.

Here are the required items for Wisconsin title loans:

• A driver’s license or state-issued ID that displays your portrait picture, name, and date of birth
• A lien-free vehicle title in your name
• Your vehicle for a quick inspection

Keep in mind that you must be 18 years old to get approved for any loan in Wisconsin. Your name must also match across all your documents. If you have these required items, you can proceed with our simple approval process to get same-day approval for auto title loans.

The Step-By-Step Guide For Wisconsin Title Loans

Once you have gathered all of the required items, you can begin the approval process. There are just a few steps you need to complete before gaining access to fast cash for your overdue bills. As mentioned previously, you can begin the process online on this website to make things easier.

Here is the approval process for auto title loans in Wisconsin:

• Fill out our online request form
• Speak to a loan agent on the phone about title loan details
• Bring your required items to the nearest Wisconsin store location for verification
• Have your vehicle inspected for its value
• If approved, sign the loan agreement to finish the process
• Receive your auto title loan funds later that day or by the next business day

How To Budget When You’re Behind On Payments

When you’re behind on payments, you might feel like you're drowning. You can even begin thinking that there is no way out of this terrible situation, but a solution can always be found. While title loans can give you a temporary financial boost to handle late bills, you will need to make changes to rebound and enter a healthier financial stage.

The following are some tips to manage your finances responsibly:

• Assess your financial situation – List your income and expenses, and start tracking where your money is going in real time. Have a look at your monthly bills to determine whether you’re spending more than you’re earning. Once you take a close look at your finances, you will be able to identify the root cause of the problem, finally address it, and make a change.
• Prioritize your payments – There are some expenses that you would absolutely need to cover during the month. Your ‘needs’ can include housing, utilities, groceries, gas, and so on. Payments that would go towards reducing your overall debt should be considered ‘needs’ as well. If you don’t have enough money at the moment to cover all your monthly payments, focus on the ones with the highest fees and penalties (like your mortgage, for example).
• Reduce your expenses – There are plenty of ways to cut down your monthly expenses. To begin with, you can look through your non-essentials, such as dining out, entertainment, and various subscriptions. While you need some extra cash, you might want to consider significantly cutting back on your ‘wants’ or even fully eliminating them to free up some funds.

FAQs About Title Loans For Overdue Bills

How long will an overdue payment stay on your credit report?

Missed payments will stay on your credit report for seven years. However, those who pay the cost within 30 days of the due date may avoid having this negative charge. It’s a case-by-case basis, but some creditors may not report a missed payment if you pay it soon after the due date. Keep in contact with them to avoid hurting your credit score.

How much can you borrow with a title loan?

Title loans are worth up to $15,000. However, this is the maximum value, and not everyone will receive that much. Your title loan amount will depend on your car’s value. We will use your car’s age, make, model, condition, mileage, and service history to determine its value.

Will a title loan affect my credit score?

When borrowing with Wisconsin Auto Title Loans, Inc., you don’t have to worry about your credit score being affected. We don’t conduct hard credit inquiries or report our loans to the major credit bureaus. You can also get title loans for bad credit with us.

Borrow Auto Title Loans For Late Bills – Borrow Up to $15,000 Today!

We at Wisconsin Auto Title Loans, Inc., know that auto title loans can help when you need extra cash fast. If you own your car outright, you can use the title as collateral to qualify for up to $15,000. Just make sure the title is in your name, as this will prove you are the legal owner of the vehicle.

Need fast emergency cash to help with overdue expenses? Just fill out our online title loan form, and visit us in person to get approved in less than 30 minutes!

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