Title Loans Lansing, Illinois
You need a loan, and the bank and credit union rejected you because you have bad credit. Instead of wallowing in that rejection, get your fingers ready to type and click because financial help is available. Title lenders help people just like you every day. Our industry is so unconcerned about credit scores that we don’t even check our client’s credit history. As far as we’re concerned, our clients need money and we have it to lend. We are not a last resort for people with bad credit. We are a first step for people who need money and want it fast.
Title Loans Lansing
If you own a car, you are the perfect candidate for title loans Lansing. Online title loans through Platinum Lending are awarded daily to people who use their vehicle as security for the loan. How much money do you get? That depends on your vehicle. Loan amounts are based on the equity in your car, which means newer models qualify for bigger loans. But, even older vehicles will work as long as the car has some value. We also offer motorcycle title loans, as well as title loans against semi trucks and commercial vehicles.
Title Loans Lansing Applications
Title loans Lansing applications are not hard when you apply online through Platinum Lending. If you’re over 18, have a clear title on your car and have an income, all you need is a few minutes to apply. We only ask for basic information about the vehicle and its owner.
- Cell phone number
- Email address
- Zip code
After submitting your information you get an instant loan quote, followed up by a phone call from one of our expert loan representatives. During the phone call, our agent answers your questions and work out the details of the loan, such as when you get to pick up the money and when are your payment dates.
Title Loan Laws
The Illinois Department of Financial and Professional Regulation (IDFPR) oversees lending institutions in the state. All title loan business must be licensed through the agency and must provide all of their loan customers with a brochure from IDFRP that discusses debt management and consumer rights and responsibilities.
In Illinois, title loans can be as high as $4,000, but borrowers cannot get more than 50 percent of their gross monthly income. Before consumers sign a loan agreement, their title lender must give them all information related to the annual interest rate, interest charges and any fees associated with their individual title loan.
Title Loan Benefits
Compared to bank or credit union loans, title loans in Chicago and Lansing are faster and easier to get. Compared to pay day loans, title loans have lower interest rates. Since the main requirement of getting a title loan is to own a car, there is no need for a credit check or employment verification. As long as the borrower has income to pay the loan back, then unemployment is not a deal breaker. Another benefit of auto title loans is maintaining possession of the car while you pay off the loan.
Platinum Lending considers the clients our boss, and we work hard on their behalf. We understand how difficult it is to need emergency funds but not be able to get them. So, we work with and for each individual to get them the best loan for their needs. Even when the money is for a wanted item instead of a necessity, we still work hard to get our client’s the financing they want.