Title Loans Melrose Park, Illinois
Whether it’s for unexpected bills or a weekend getaway, we all have times when we need to get cash quickly. Banks are often reluctant to do short-term loans, especially if you’ve had past credit problems. However, a title loan can be a way to get cash quickly regardless of your credit history.
Title Loans Melrose Park
A title loan is a short-term loan based on the value of your car. It is secured by a lien against the title of the vehicle, so your credit is not typically not considered during the approval process. As long as you own your car free and clear and have a reliable source of income, you can generally qualify for title loans in Chicago. These loans can usually be completed quickly, sometimes on the same business day, so you won’t have to wait long for the cash you need. You are also able to keep your car while you are repaying your loan.
How We Help with Title Loans Melrose Park
Platinum Lending is not a lender, but we work with a wide network of banks and lenders to help you find the right title loans Melrose Park to fit your needs. We know that each situation is unique, so we will work with you to make sure to find the best possible solution to your cash needs. To get started, just complete our online application. We need to know:
- The make and model of your car
- The year your car was manufactured and its current mileage
- Your personal and contact information
As soon as you submit your application, one of our loan representatives will go to work to find the best loan for you. As soon as possible, you will receive a call from your loan specialist to review your application and the loan offer or offers they have for you.
Getting Your Money
In order to complete your loan and get your money, you will need to bring your car to one of our offices for an inspection. However, there are some lenders who offer a no inspection title loan, so if getting to our office could be difficult, be sure to ask your loan representative about that option. To complete your paperwork, you will need to provide:
- The clear title to your car
- Your driver’s license
- Proof of your monthly income
Proof of income is required, but it does not mean that you must have a job. It could also include disability, retirement or investment income. You just need to be able to show that your regular monthly income is enough to allow you to make your loan payments.
We will submit your paperwork to your lender, who will send your money when they have processed your loan. This may take a few days, but in many cases, you can receive the cash the next business day.
While title loans Melrose Park are easy to obtain, it is important that you make sure that you borrow only what you can afford to repay. This is a loan against car title, so your lender will hold a lien until you have paid the loan in full. If you are unable to make your payments, you could lose your vehicle. Be sure to contact your lender if you think you may have trouble making a payment so you can work out a payment plan.
At Platinum Lending, we’re here to help you with all your cash needs, no matter what the reason. Start today by completing our application. In just a short time, you could have the money you need.