Title Loans Decatur, Illinois
Loans are no fun what-so-ever. They demand more than the customer is willing to give in terms of time, attention, and energy. Regular loans often times leave clients out in the cold, waiting, suffering, and with false hope. Bank loans create unrealistic expectations and challenge clients by setting a standard process that not every American can meet or even come close to. Loans do not help people like they say they will and often times fall short of their own promises.
If this has been your experience with loans –especially bank loans or credit unions, you are not alone. The practices of loan companies is unscrupulous and tends to cater to those who are already in excellent financial standing. Regular loans have been ignoring the hard-working American citizen for way too long, it’s been over a few centuries now and not much has changed. That is not much has changed until the title loan came along. Read more to find out how title loans in Decatur, Illinois can help you.
How fast can I get a title loan?
Title loan lenders know that each applicant has a very time sensitive case and will work extra hard to get money in record time. No one wants to, or can, wait for money when time is of essence. That being said, a typical title loan will take around 24-48 hours to process.
What do I need to get the title loan?
- The first requirement is a car. You must either own a car or have a car that is nearly paid off.
- You must have proof of the car in the form of a car title or car payment slips.
- The second requirement is a valid ID. The ID must be state or government issued with an age of at least 18.
- The third requirement is a completed and signed title loan application. The application can be obtained at the title loan office.
How much money can I get?
The amount of money you get depends on one thing and one thing only –your car. Title loans Illinois base the loan amount 100% on the car’s vehicle. Therefore, clients should be realistic when taking their cars in to be evaluated and know that the make, model, year, and condition of the car will determine the loan amount.
Most, if not all, loans will be up to but not greater than 75% of the car’s equity. In many cases clients can be given anywhere from a few thousand dollars to a few hundred. Again, this depends on the car itself.
Who determines the car’s value?
The title loan estimate, also known as a free car quote, is done by a team of car professional who use their years of experience in the title loan world and the Kelley Blue Book to determine the car’s value. The car professionals work fast yet accurate. Like the lender, they are aware of the time constraints of most clients.
How will I pay back the loan?
Title loans lenders will explain the payback schedule to you. Each title loan applicant will choose his/her payment plan schedule, so the amount of the payments and the frequency are determined by you. Being punctual and responsible cannot be stressed enough when it comes to title loans. Should you feel you are in over your head and cannot keep up with the payments, contact your title loan lender immediately to rectify the situation as soon as possible. You do not want to be late or default even once as there will be consequences and fees. You should be sure to understand all the details of your payment plan schedule prior to leaving the title loan office.
Where do I pick up my money?
After the initial process of meeting with the lender and receiving the free car quote, you will wait approximately 24-48 hours before you can go to a convenience location in Decatur to pick up your title loan. It’s just that easy and that fast. No other loan can compete with the results of title loans.