The Reason Why People Are Getting An Online Car Title Loan

March 8, 2022 | Mason Roberts

why are people getting an online car title loan

Nowadays, more and more people are starting to explore the usages of an online car title loan from lenders such as Wisconsin Auto Title Loans, Inc. But what are these loans? Why are people turning towards these loans? What benefits do they have? And what can a car title loan be used for?

What Is An Online Car Title Loan?

If you have full ownership of your vehicle (you have a lien-free title to your vehicle), then you may be able to borrow money against it. Think of an online car title loan as a secured loan that uses your vehicle’s title as collateral.

Here at Wisconsin Auto Title Loans, Inc., you can borrow up to $15,000, depending on how much your vehicle is worth. These loans can be used for a variety of reasons. The vast majority of people will use an online car title loan to cover emergency expenses, such as things that need to be paid quickly. This can include car repair costs, vet bills, medicine, and more.

Let's Go Into The Title Loan Advantages

1. Quick And Easy

Title loans are quick loans to obtain. Our in-person process takes between 30 minutes and 1 hour, depending on where you live. 

After an initial online form that you’ll submit, you will meet us for a vehicle inspection. However, you don’t need to come to one of our stores. A representative from Wisconsin Auto Title Loans, Inc. can come to a location of your choosing. It saves you some time and makes things a whole lot more convenient for you.

If you are approved for a loan, then you could have access to the money in one business day. In many cases, the money will be received within just a few hours. This will allow you to deal with your money issues quickly.

2. No Employment Requirements

An online car title loan from us has no employment requirements. We won't ask you about your income at all.

Of course, having a source of income is always advisable when getting a loan, at least on your end. However, you could be unemployed or claiming benefits. It doesn't affect your chances of qualifying. This is a stark contrast from traditional loans where you will often have to provide ample amounts of income documentation.

bad credit, no problem

3. All Credit Types Are Welcome

We know that some of the people considering a title loan may not necessarily have the best credit scores.

However, no matter what your credit situation is, we welcome you. Our concern is mainly the value of your vehicle, which determines the loan amount. This is one of the perks of a secured loan.

Don't hesitate to reach out, even when other lenders have turned you down. We may still be able to provide you with assistance.

4. No Checking Account Required

Having a checking account is always ideal. It is a great way to deal with your money. However, we know that not everybody out there has a checking account.

Because of this, people turn to us for title loans. We have no requirements for you to have a checking account. We can provide you with your loan money in alternative ways.

What Do You Need To Get An Online Car Title Loan?

Here at Wisconsin Auto Title Loans, Inc., we are all about ensuring the process of getting an online title loan is smooth. You aren't going to need to jump through hoops to work with us. The entire process is started by filling in a short online form for Wisconsin title loans.

When we come to inspect your vehicle, it won't take too long either. Before you know it, you will be told whether you have been accepted for an online title loan. If you have, then it is just a case of getting those loan documents signed.

You will need the following to get a title loan from us. However, these are likely going to be things that you have easy access to anyway:

  • A government-issued photo ID.
  • Lien-free title to your vehicle.
  • Your Vehicle for inspection.

get a title loan today

Get A Title Loan Online Today

There are plenty of reasons why people consider an online car title loan. For some, it may be the speed of the loan that catches their attention. Others may not have the best credit history or a checking account. Whatever your reasons for inquiring about a title loan, we are here. Get started by submitting an online form 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.