Car Title Loans In Des Plaines, Illinois
Cash quick might seem like an infomercial promise, but with a Des Plaines title loan, you can actually get money when you need it and without too much stress. All you need is a clear car title with no liens against it go get going, and you could have money in your account in as little as a few hours.
Title loans are a type of secured short-term loan that allows you to use your vehicle’s title as collateral for the amount you borrow. Title loans aren’t like long term loans. By design, they are short and come in manageable amounts. In fact, generally title loans range from a few hundred to a few thousand dollars, and last one to a few months depending upon your specific loan.
These loans are designed especially to help you when you have immediate financial needs that you were unable to plan for in advance. Your lender hangs onto your title while you borrow, and once you have repaid, the title comes right back to you. In the meantime, you get the cash you need to take care of your needs and get a little bit of breathing room while you make longer term financial plans.
Title Loans In The Chicagoland Area
Getting a car title loan also means getting certain rights and assuming certain responsibilities, and the whole process is going to be a lot easier to handle if you know what these are. Start by researching your lender before you ever get a title loan. Your lender should be properly registered with the State of Illinois. Only properly licensed and registered lenders can be monitored to make sure they are upholding your rights as a borrower.
Once you feel good about your lender, you need to make sure that you feel good about your loan, too. That means that you should take a look at the terms of your loan in detail before you commit to anything. Before you get a title loan, you should be allowed the opportunity to look over a written loan agreement that fully details the terms of your loan.
This loan agreement should explain clearly and thoroughly what you are getting and what is expected of you as a borrower. It should also include specific figures regarding not only how much your loan will be for, but what interest rate and other fees will be charged, and when you will be expected to repay.
If a lender does not provide you with this information upfront, if they are not operating within the regulations set down by the state, or if they are in any way abusing your rights as a borrower, stop any business with the lender and report them immediately to the Consumer Financial Protection Bureau along with local authorities.
Des Plaines Chief of Police: William Kushner
Non-Emergency Phone Number For the Des Plaines Police: (847) 391-5400
To get assistance understanding your rights as a borrower and what is required of an Illinois title loan, you can always reach out to us. Title loans are our business, and we have been working with Chicagoland borrowers and lenders for years. That means we know which title loans Des Plaines residents trust and why.
We are happy to take as much time as you need to answer any questions you may have about title loans, and we can even help you find one quickly and easily if you decide that borrowing with your car is right for you. All it takes is one quick phone call to our office and just a few pieces of information about your car to get started.