Title Loans Edwardsville, Illinois
Do you need additional funds to help you make it through a financial emergency? Title loans Edwardsville are available to provide you with the cash that you deserve.
You can use your title loan money to pay for any expense. Our company does not put any guidelines on how your loan proceeds must be spent. At Platinum Lending, our customers have used their title loan proceeds to pay for school expenses, vacations, utilities, rent and emergency repairs.
What You Should Know About Title Loans Edwardsville
Title loans in St. Louis are similar to other short term loans. The only difference is you will use your car’s title as security for the loan. Another difference is title loans Edwardsville have better rates than short-term loans such as payday loans.
Your car must have a ‘free and clear’ title. This means that you there cannot be other lenders listed on your vehicle’s title. If you owe money to your original lender for your car, you will not meet the requirements for title loans Edwards.
You can borrow any amount up to the value of your car. If your car is worth $6,000, you can borrow up to that amount. Your car’s value is based on its resale value as determined by the car’s make, model, year and mileage.
Our title loans do not require credit and background checks. Your credit history will not keep you from getting a loan with our company.
Title Loans Edwardsville Requirements
Although we do not do credit checks, there are a few additional requirements that you must meet.
- You must be at least 18 years old.
- You must be the owner of the vehicle.
- Your car must have valid insurance.
- You must provide a copy of the title with your name written on it.
- If there are multiple owners on your title, each owner must apply for the title loan.
If you meet these requirements, you may proceed to our easy online application. You can complete this application using your smart-phone, tablet or computer from your home or office.
Online Title Loan Application Process
You do not have to be a computer whiz in order to apply for our title loans Edwardsville at Platinum Lending. Our bad credit title loans have an easy application process.
Provide your personal and car information on the application. After the application has been submitted, you will receive an instant online vehicle quote. A title loan specialist will contact you to complete your loan application process on the telephone. Our company will deposit your loan cash into your bank account within a few days.
Are Title Loans in Illinois Legal?
It is legal for an Illinois resident to get a loan against car. In fact, Illinois legislators have created laws that protect the rights of customers from Illinois. As your title lender, our company must follow the regulations of your state. We must provide you with a written contract that provides the details of your loan. We cannot charge interest that is compounded. This means that we cannot charge interest on the interest that is accrued on your loan. We can only charge interest on the principal amount. Illinois title loans must be fully amortized. This means that your payments must be as close to equal as possible. Our title loan specialists are committed to following Illinois law when we provide you with a loan. We invite you to apply for one of our loan packages if you need immediate cash today.