Title Loans Wheeling, Illinois
Banks require you to have a score of 650 and above to apply for a loan, and because of this many of us struggle to get a loan because of our score. However, to solve this, we can now get Illinois title loans in Wheeling, Arlington Heights and statewide regardless of our credit history! Our certified and trusted title loan lenders can offer their applicants up to $4,000 in Illinois. All you need is to be at least 18 years old or older, and have current full possession of a vehicle and title! If you need to learn more about title loans, apply with us and we can get you the lender who will offer you competitive rates and plans!
Where to Apply
Getting a title loan is incredibly instant and easy! You can choose to call us over the phone, our offices are open every day of the week, between regular business hours, or you can apply online at your own convenience! If you choose to apply online, you will have to wait until the next day to get a call from our offices about your possible loan, although the title loan quote is calculated instantly and sent to your email. Regardless, we will contact you shortly, typically a day after you submit the application.
On the application, we will ask you your name, phone number, vehicle make, year, model, mileage and style. With this, we will be able to get you a loan following the Illinois guidelines, and determining the amount off of your ability to pay and the worth of your vehicle.
Our loan representatives will also locate a title loan store in your area that will assist you in your financial needs! You may need to bring these to the site:
- Photo ID (State ID or Driver’s License)
- Vehicle title
- Proof of income (Recent bank statements or pay stubs)
- Your car
The car is essential to the transaction and must be present during that time. Your vehicle condition and description must be recorded in detail by the lender before drawing up your title loan contract. Some things may affect your loan too when it comes to the condition of the car. If your car is damaged in any way, or does not function the way it is supposed to, your lender can give you an amount less than what you were initially estimated to get.
Illinois Regulations on Title Loans
Unlike other title loan states, Illinois does not allow balloon payments on title loans. Balloon payments are charges that are added to your scheduled payment so lenders can charge you higher rates. In Illinois, the title loan lender must divide the payments needed equally or at least as close to equal as possible. This helps ensure that the borrowers can pay the loan off on time, or earlier than the scheduled maturity date.
The maturity date of your loan is 30 days after your lender grants you the loan and hands it to you. If you are dissatisfied with your loan and the contract, you are allowed to rescind. When choosing rescission, you only have 24 hours, or the next business day depending on your lender, to refund the full loan amount. When you do so, the lien placed on your title will be removed, you will get the title back, and your contract will be completely terminated by the lender.