Title Loans Addison, Illinois
Sometimes it seems that everything goes wrong at the same time. Your car breaks down, the kids need a new computer, and the air conditioner stops working. For many, coming up with the money to pay for these kinds of emergencies isn’t easy. In fact, it can be downright impossible, and that’s where title loans come in.
Learn the Requirements for title loans Addison, Illinois
A title loan is simply a loan against the equity in your vehicle, car or truck. When you own your vehicle outright, meaning you no longer owe any money on it and you hold the title, you can qualify for a title loan. One of the great things about title loans in Addison, Illinois is that your loan is obtained by simply owning your car or truck. You don’t need to worry about a background check into your credit, so even if your credit is less than perfect, or even bad, you can still qualify for a title loan.
Also, you will need proof of either a current job, retirement income, unemployment income, or disability. Finally, you do need to be at least eighteen years of age or older.
Title loans in Illinois are very easy to obtain. You will need a photo ID and as mentioned your car title and a source of income, but that’s about it. A title loan is a great option if you have been turned down for a traditional bank loan due to bad credit or low income.
To recap, to obtain a title loan you will need the following:
- Your car title
- A photo ID
- Proof of income
- Be 18 years old or older
What Happens to Your Vehicle During the Loan Period
One of the best reasons to get a title loan is that while you are paying the loan off, you still get to keep your car or truck. In fact, you can drive it as you normally do now, so you’ll still be able to get to work, or run errands. The vehicle stays in your possession, so you can continue on as you do now.
Instead of holding the physical vehicle during the loan term, when getting title loans in Addison, the title loan company simply holds your title. This will help make your life easier while you pay off the loan.
So, when you have a financial emergency, you can rest easy knowing that a title loan is only hours away. Once you take your vehicle title and your photo ID to the nearest title loan office, your application can be completed quickly, and you’ll have your money in a few hours.
How Much Money You Receive for Title Loans in Addison
The amount of money you receive from title loans in Addison, Illinois depends on a couple of things. First, it depends on how much your vehicle is currently worth. Secondly, it will depend on the shape your car is in. Once at the title loan office, your car will be visually inspected for damage.
Once this visual inspection is completed, and the value of your vehicle is estimated, you will receive the free title loan quote and your loan, if you accept the quote.
Title loans in Addison, Arlington Heights, and Illinois statewide are a simple and easy way to obtain money during an emergency, so there is no reason to be stressed out or concerned about how you are going to deal with a financial emergency. That’s what a title loan is here for. To help you deal with your cash emergency quickly and easily. So when you have a cash emergency, don’t wait. Check out title loans in Addison right away and deal with it. You’ll be glad you did.