Title loans Bloomington, Illinois
Do you owe your landlord money for rent? Are you late on your mortgage payment? Is the electric company sending you past due bills and you are getting frustrated since you don’t have the money to take care of the bill? You don’t have to stay in this stressful situation because there are options that you have available to you. One such option is a title loan. With a title loan, you can pay off most of these outstanding bills and get back your peace of mind. If you are the full owner of your car and you don’t owe any car dealer or have any liens on your car, you could be eligible for a title loan. If you can prove that you are receiving steady income and that you are 18 years or older, you could be approved for a title loan. You won’t know unless you try.
The City of Bloomington
As the county seat, the city of Bloomington is located in McLean County within the state of Illinois. The city is adjacent to the city of Normal. The two communities are vibrant and filled with a host of things to foster a quality of life for its residents. The area boasts Midwestern values and lifestyle, which has been the tradition for some time. If you love sporting events at a national, regional and international level, the city of Bloomington is the place to be. You will find it easy to go to the city of Chicago from the city of Bloomington because it is only 125 miles away. The same is true for St. Louis and Springfield, which are both in close proximity to Bloomington. Learn more from the official website owned by the city.
Title Loan Laws
The title loan industry is administered by the Department of Financial and Professional Regulations. The law dictates that lenders of the title loan industry should be transparent in all loan transactions. Borrowers should receive a written contract agreement with all the final details intact. This includes interest rate and the terms and conditions of the loan.
Do you want to enjoy the benefits of a title loan? You can if you move ahead with the application process. If you don’t have any credit history or if you have been unfortunate to having poor credit, a title could be the credit rescue. If you pay your title loan in a timely manner, it could be the solution to good credit or improved credit. Illinois title loans are the fastest method of obtaining money to fix an emergency financial situation.
Here are the minimum requirements to be considered for a title loan;
- Proof of income in the form of paystubs, disability benefits, unemployment benefits, social security benefits or worker’s compensation. If you are self employed, a tax return will do
- Proof of age with a driver’s license or valid photo identification card
- Proof that you are the owner of the vehicle, showing the original certificate of title
The value of the vehicle has to be evaluated by the lender. Therefore, you must provide:
- The year of the vehicle
- The VIN number
- The Odometer reading
- The model and make of the vehicle
The lender uses Kelley Blue Book to find the fair market value of the vehicle, after which a percentage is calculated for the loan amount.
To acquire a title loan, your next step is to fill out the online loan application. If you don’t have Internet access, you can call the title loan company and have the application taken over the phone. Either way, you are going to have to take responsibility for the next step. Fill out an application today and get a free and instant title loan estimate!