Title Loans Lisle, Illinois
You land in an emergency, and you have limited funds to help take care of that emergency. It happens all the time. You may have some emergency funds set aside, but it just may not be enough. It’s always good to have a backup plan, and for many area residents, we’ve been able to help people in that situation. A title loans Lisle application is certainly an option for those facing expensive cash emergencies.
Applying for a title loan
When you are working with traditional lenders, you may have to make several visits to the office to complete the process. You may encounter long lines and mountains of paperwork. We decided to streamline the title loans in Naperville process for our customers. We offer the application process online for taking out a loan against car. Busy customers can complete the simple five-minute application on the go conveniently from the privacy of their home. During the application process, you may be asked to provide vehicle information such as VIN number and registration information in order to provide a title loan quote. We are usually able to process the application within a day. You will receive your funds after you have signed the agreement for the title loans online application. In most cases, our applicants will be able to complete the entire process in two days.
Is the title loan treated as a lien?
In short, yes. The title loans Lisle operates as a lien. The applicant is actually using the car as collateral to secure the loan. The approved application means that you will have a temporary lien against the car for the duration of the loan. You will still be able to continue driving the vehicle until you’ve repaid the loan. The lien is removed if the loan is repaid.
What are the title loan regulations for Illinois?
The state requires that we only conduct business with customers at least age 18 or older. We are only permitted to issue loans on vehicles where the title is clean and clear. This means that the title must be free of any liens. If these basic requirements are met, we can usually issue you a loan. If you decide to refinance the loan, you will be required to complete another agreement. This is sometimes referred to as an extension, rollover or renewal. You are able to refinance the loan only after you have reduced the principal amount of the initial loan by at least 20 percent. By law, we have to evenly spread out your installments for your title loan. We cannot require balloon payments of you as a part of the agreements. All title loans Lisle made through use must be valued under $4,000 by law.
Benefits of car title loans
We help you in your time of need meet your emergency cash requirements. We offer this service to all applicants, regardless of their credit history. We don’t report to reporting agencies, so your financing won’t affect your credit. If you need to refinance the loan, we can assist you with multiple extensions if necessary. This is helpful to those who may be struggling with cash flow. Your budget doesn’t have to suffer long-term just because of your emergency. We’re happy to work with our customers.
We know that accidents and emergencies happen. We are here to help. Give us a call or fill out a title loans Lisle application online, so that you can get the cash you need immediately. If you have a clean or clear title, you qualify for Platinum Lending services regardless of your credit. Fill out an application today.