Title Loans Elk Grove Village, IL
If you do not have the time to wait for an approval when it comes to personal loans, get title loans in Chicago instead! When it comes to these loans, Platinum Lending will find you a lender that can get you quick approval within the next day! Regardless of what the reason for financial emergency is, or your credit score, our lenders will offer you competitive rates. These lenders will also offer title loans in Elk Grove Village and may get you up to $4,000 in emergency assistance! To find out more about how title loans work, and to get started on the process, apply now!
How Much Can I Get for Title Loans Elk Grove Village
When it comes to calculating the amount you receive, title loan lenders will look at your monthly income, as well as the value of your vehicle. They will also look at the condition of your car to determine if the title loan estimate you were given is appropriate. They have the right to adjust it accordingly just to ensure fair trade between both parties.
How to Get a Title Loan
Getting title loans in Elk Grove Village is quick, easy, and may be completed at your convenience. You are allowed to apply for a title loan on the phone, providing both basic information about yourself and vehicle information. If you do not want to call, completely online title loans are also available. On the form, you must fill out your name, phone number to reach you at, zip code, vehicle make, year, model, style and approximate mileage. With those simple details we can get you approval, and an estimate.
Once you have submitted an application, you just have to wait for an approval, which is often delivered within the same day if the offices are still open, or at most the next day. Your phone consultation with our loan representatives will include a title loan lender in Elk Grove Village, as well as paperwork you must bring with you, this includes your vehicle.
Paperwork to bring:
- Photo ID—Driver’s License, State ID or Passport
- Proof of income—Recent bank statements or pay stubs
- Vehicle title
Self-Employed or Unemployed?
If you are worried about proving your income because you are unemployed or self-employed, do not worry! Title loans in Elk Grove Village allow you the opportunity to receive a loan regardless of your occupation status! As long as you can prove you are receiving some sort of reliable income flow, we will work with you. You may have to submit other documents if you are getting disability, government aid or other types of compensation. Speak with your loan representative if this is the case to find out if you may need to present any other types of documentation.
Regulations of Title Loans Elk Grove Village
Title loans in Chicago are heavily regulated by the state. There is a maximum borrowing amount, and lack of balloon payments to make it easier for the borrower. Balloon payments are allowed in other states, which allows lenders to charge higher interest rates. In Illinois, the lender must divide the payments you need to submit equally to make sure that they do not charge you unfairly. When it comes to paying these loans off, you have 30 days from the moment you receive the loan to pay it back. You will also have the right to rescind if you do not think it is right for you.