Wisconsin Title Loans Explained: What Every New Borrower Must Know
To make things simple and easy to understand, we’ve put together a guide to make sure you get Wisconsin title loans explained as completely as you need. We’ll cover basic terms, the title loan process, how to qualify, and the entire Wisconsin Auto Title Loans, Inc. process. We hope we answer your questions through this concise and to-the-point guide. So keep reading to learn about this loan and to see if a title loan is right for you.
Learn About Wisconsin Title Loans With This Guide
Basic Terms You’ll Commonly See
The first thing you need to know about our title loans are the basic terms you will hear. You’re going to hear these basic terms a few times when learning about our title loans and going through our process, so it only makes sense for you to start familiarizing yourself with them now. Make sure you know why they’re used and what they mean. Here are some terms you’ll come across during the process:
- Collateral: This is an asset you offer to guarantee repayment of a loan. At Wisconsin Auto Title Loans Inc., we accept your car’s title as collateral. You keep your car as normal as you repay the loan.
- Lien-free: One of the most important parts you’ll learn when you have Wisconsin title loans explained is the lien-free title needed for the collateral. To be lien-free, your car must be paid off and not used as collateral anywhere else. Your paper title should reflect this.
- Secured loan: A loan requiring collateral is secured, such as our title loans.
- General/inquiry/online form: This is the form on our homepage that asks for your contact information. Completing this form is the first step in the title loan process. We use this information to get in touch with you.
- Qualify: If you qualify for a loan, you meet the basic requirements needed to apply.
- Apply: Once you qualify, you can apply for the loan through our easy and short process.
- Valid ID: You’ll need a valid government photo ID to prove your age and identity. You can use either your driver’s license or another state-issued photo ID.
Learn Exactly How Title Loans Work
Now that you know the most common terms, it’s time to break down what a title loan is and how it works to make sure you’ve really got Wisconsin title loans explained fully. Firstly, you’ll offer your lien-free car title as collateral for this secured loan. If you meet the other qualifications, you can come to Wisconsin Auto Title Loans, Inc. and get through our process rather quickly. During the in-person meeting, we will inspect your vehicle.
Its current estimated value will affect how much money we can lend you if we determine you qualify for approval. If you’re approved, you’ll receive your cash that same day or the next bank business day. You will also keep your car as usual as long as you repay the loan on time. If approved, you can get anywhere up to $15,000 to help you out. This money should not be used for trivial matters and is best directed toward financial emergencies including the following:
- Medical costs.
- Emergency home repairs.
- Second car repairs.
- Emergency travel.
- Late utility bills.
What You Need To Qualify
At Wisconsin Auto Title Loans Inc., you need three things to find out if you can qualify: a driver’s license or state-issued photo ID, your car for the inspection, and its lien-free title in your name. Make sure your ID is up to date and reflects your name, age, and your current address. If you don’t have access to your title, request a duplicate title through the Wisconsin DMV. If you purchased your car out of state, you may also want to run a title check online to make sure the title is lien-free.
During the quick and easy process, one of our trusted loan representatives will make sure all of your documents are acceptable and up to date. Wisconsin Auto Title Loans Inc. wants to streamline the loan process for those who need it most, so we will try to get you an answer quickly and easily. And unlike other loan lenders, we don’t ask for high credit scores, employment verification, bank statements, or proof of income.
How To Begin The Process
Once you have your car and paperwork handy and feel that this guide has Wisconsin title loans explained fully, head to our homepage to fill out the online form. This should only take you a few minutes and it’s a necessary step so we can reach out to you. Once you get a call from us, you’ll be able to ask any questions you have and arrange to meet with us either at one of our store locations in Wisconsin or somewhere more convenient for you.
We’ll be happy to guide you through the process and clear up any doubts you may have as well while we are on the phone. The in-person meeting lasts about half an hour, and this is when the car and document inspection occurs. The best part is, as we said, you can come to one of our offices or have us come out to you. Regardless of where we meet, if you are approved, you’ll finalize the paperwork and quickly find out if and how much we can lend you.
Get Started Today To Get Your Money!
You’ve breezed through our guide to have Wisconsin title loans explained fully. Now, it’s time to get through the actual process. If we missed anything or you have more questions, our trusted representatives are ready to help on the other end of the line. Wisconsin Auto Title Loans, Inc. provides thousands of dollars to those who find themselves between a rock and a hard place. So don’t hesitate any longer and fill out the online form now.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.