Title Loans Kenosha, Wisconsin
There is almost no consolation for a single mother who cannot find food to feed her young children. When the bills pile up, she may think that she has no other financial recourse than to ask a traditional lender for help. But what if she has bad credit or has no credit history? What does she do then? It may be a case where her family is distance away from her and cannot provide her with help. In any event, while family is a good source of financing when you are in an emergency situation, it does not always work that way. In this case, you can approach a title loan lender for help. You will maintain your privacy and no one has to know that you are going through some terrible financial times. Don’t leave your financial situation to chance. Don’t sit and worry. Go to the source that can provide the fastest assistance and that is to a title loan company. Do it for your sanity and to provide for your children.
The City of Kenosha
The city of Kenosha is located in Kenosha County within the state of Wisconsin. It has been considered the county seat for the state. The city lies on the Lake Michigan shore in the southwestern direction. The National Register lists historic places of interest and Kenosha is on that list with three districts and twenty one locations. These include Third Avenue, Library Park and Civic Center districts. Archaeologists have discovered early sites in the vicinity of Kenosha. Two of the sites were believed to have dated back to the Clovis culture, resulting in a conclusion that this was indicative of the ice age. As of 2013, the population was 99,889, making the city the fourth largest in the state of Wisconsin.
Title Loan Laws
The laws in Wisconsin permit title loan Wisconsin lenders to offer borrowers between 25 and 50 percent of the vehicles assessed value as long as it is the fair market value. Lenders cannot offer more than $25,000 as the loan amount in a title loan transaction. The terms of the loan cannot go over six months.
There are several benefits to applying for a title loan. You can:
- Use it to boost your credit rating
- Use it to build your credit history
- Get funding fast to take care of any urgent financial situation
- Borrow the money you want and continue driving your vehicle, even when it has been used as the security interest for the loan
- Minimal paperwork to avoid the hassle of borrowing a loan
There is minimal paperwork required to obtain a title loan. The most important part of the process is to have a certificate of title that has no liens, meaning that it is free and clear. It also has to be in your name, showing that you are the owner of the vehicle. Next, you have to prove that you are of age. The age requirement is 18 or older. Lastly, you have to show that you are receiving stable income from a reliable and legitimate source.
The vehicle is the collateral and so the loan amount will be based on the value of the vehicle. The lender will assess the fair market value using Kelley Blue Book. Once that is done, the lender will give you a percentage of the value as your loan amount. It is that simple.
The Loan Application
You have to make the next step to obtaining a title loan. Complete the short loan application online or over the phone. For speed, the Internet is faster. Once you complete the application, your loan is reviewed, processed and approved. Take the time now to apply for a title loan and get instant title loan estimate.