Title Loans Blue Island, Illinois
A Platinum Lending title loan is a form of lending that makes cash available upfront to those who need funds immediately for an emergency. The average title loans Blue Island is approximately half the value of the vehicle, and the owner pays the lender back over a few weeks. The loan company holds the title, and the driver continues to have possession of the vehicle while it is driven.
Applying for a title loan
You can’t apply for a title loans Blue Island on a vehicle you do not own. To take out title loans in Chicago, you will have to submit an application online. The online application takes only a few minutes to complete. The Platinum Lending application process is designed to be secure, and it can be completed from the privacy of your own home. During the application process, the person will be asked to supply certain pieces of information about the car. It’s good to have you title information, mileage, VIN number, year, model, and make when completing the application to get a loan against your car. The completed application is then processed by one of our representatives. Once approved, funds are put in your hands. We offer services with no inspection title loan
Who actually keeps the title when a car title loan is taken out?
When using title loans Blue Island, the person is agreeing to a temporary lien being issued on their vehicle. The secured loan allows the lender to use the car as collateral when offering quick cash to you. The lender will place a lien on the car and get a copy of the title once the contract is signed. The driver continues to drive the car during the lending period.
What are the title loan regulations for Illinois?
The title loan limits for Illinois is $4,000. Most people borrow far less during the lending period. The state requires that the installments be spread evenly. Your Platinum Lending loan will be broken down across several weeks. For example, if we offer you a $1,000 loan, we cannot require a balloon payment of $500 at the end. We have to, by law, give you equal installments. The monthly payment required of you cannot exceed 50 percent of your consumer’s gross monthly income. By law, we can only lend the amount that we verified. Make sure that you submit all of the income documentation, if you want to increase chances of qualifying for a higher loan.
Benefits of car title loans
We know that people fall on hard times, and this may mean that access to cash is limited. We know that people with all types of credit backgrounds need access to affordable loans. We make sure that our title loans Blue Island available to those who truly need the services. To accomplish this, we reduced the paperwork and streamlined the application process. You don’t have to have perfect credit to qualify. You don’t have to have a high credit score or earn a lot of money in order to qualify for a high loan. We primarily look at the value of the car to determine the loan amount.
You can have cash in your hands in several days. Most of our applications are approved within a day. If you need some cash for an unexpected predicament, fill out an application online. We can get you approved right away.