Basics of Title Loans South Milwaukee, WI
Located in Milwaukee County, South Milwaukee is a city in Wisconsin that is home to more than 20,000 people. Even if you work for one of the region’s top employers like Caterpillar Mining, you may have some problems covering your bills between paychecks. You may even have unexpected bills that come up at the last minute or need cash to take your family to Wisconsin Dells in the middle of the summer. At Platinum Lending, we offer an effective solution for those who need extra cash in the form of a title loan.
With title loans South Milwaukee residents often wonder what these loans are and how the loans work. This is a loan that attaches to your vehicle. You’ll need to present your title at the time that you sign the loan paperwork. We then hold on to that title until you finish paying off your loan. While lenders do have the right to take vehicles when borrowers default, we’ll work with you to ensure that doesn’t happen. We can help you reduce the amount you owe each month, extend the payment terms or roll over that loan and let you borrow more money later.
Applying for Title Loans South Milwaukee
Bad credit or poor credit should never keep you from getting the money that you desperately need. While banks require that you have a good credit history and a high credit score, we know that even the most responsible of people may have problems on in their past. That is why we only ask general background information about where you work or how you make money and the type of vehicle you own and drive.
When you borrow from Platinum Lending, you still retain ownership of your car. You can continue driving that car to work or school. Once you make your final payment, we turn the title back over to you. You can then walk away free and clear or talk with us about taking out a new loan. With our title loans South Milwaukee online application and estimator, you can find out how much your car is worth and whether you qualify for one of our title loans in a few short minutes.
Laws of Wisconsin
Wisconsin has some great laws relating to online title loans that protect both borrowers and lenders. Lenders offering title loans in Milwaukee will look at the condition of the car to give you an idea of how much you can get. Wisconsin lets borrowers take out a loan equivalent to 50% of the car’s value up to a total amount of $25,000. If you have a vintage model worth $20,000, we can let you borrow $10,000. Though the state does not place a cap or limit on the amount of fees or interest charged on that loan, it does give borrowers just six months to pay off their loans.
Why Apply for a Loan?
Getting a bank loan when you have less than perfect credit is almost an impossible tasks. Problems like a bankruptcy filing from years ago or a judgment against you will make those banks view you as a bad risk. The bad credit title loans that we offer let you get cash without going through an extensive credit or background check. At Platinum Lending, we never run your credit or look at your credit score. We care more about the condition and value of your car and whether you have enough money to pay us back over time. To get a loan that you can use for traveling, personal expenses and much more, fill out our online application today.