Online Title Loans in Illinois
Financial stress is unfortunately common for Illinois residents. It is most often caused by not having enough money for the things that you need to pay for. This type of situation could be caused by expensive and unexpected bills, such as after your house is damaged in a storm or after you have received urgent medical attention.
It could be because you have to take time off of work and pay for travel expenses to take care of a sick relative. These are only a few of the many curveballs that life can throw your way. Even when you do your best to manage your money properly, these are things that can wipe out your savings account balance and still leave you searching for more cash.
While it may not seem like there are any possible solutions available to you right now, a simply answer may be to tap into your car’s equity to obtain cash. Title loans in Illinois are an ideal way for many drivers to get extra cash without delay.
Understanding Title Loans in Illinois
If the concept of an auto title loan is new to you, you may be eager to learn more about this type of financing. After all, you want to verify that this is a suitable financial solution to address your current challenges. With title loans in Illinois from our company, you can apply for a fast loan online to potentially get necessary cash.
As part of the loan process, you will pledge your vehicle as a collateral source for the loan. Unlike bank loans or other types of financing that may be available to you, our car title loans have a fast loan process as well as a very short term. We usually can close and fund an approved loan in a matter of days to serve your needs.
Because this is a short-term loan, there is only one loan payment that you are responsible for. This loan payment will repay the entire outstanding balance to us, and it is due within a couple of weeks. You can see that our loan program is a straightforward financing option that may be well-suited for your current situation.
The Benefits of Getting a Car Title Loan
Title loans in Illinois are unlike most other types of loans that you may be thinking about applying for. They are an ideal financing option for those who do not want to spend years paying off a bank loan or who do not want to endure the lengthy process of paying off credit card charges.
Because this is a short-term loan that puts fast cash directly in your bank account, it is a quick solution that meets your financial needs without the burden of long-term debt. More than that, our car title loans have very straightforward lending requirements. You will need to complete and submit online loan application to provide us with relevant information about yourself and about your collateral.
Some people are concerned that their low credit scores make them ineligible for any type of loan. The good news is that we can approve loan requests if the applicant has low credit scores. Our primary consideration for loan approval is the equity in the car.
What the Law Says About Title Loans in Illinois
Now that you know more about what title loans in Illinois are and how advantageous they can be as a source of quick cash, you may be wondering if this type of loan is actually legal. Illinois law does establish some lending guidelines that must be followed by us, and there are also legal requirements for the applicant.
For example, local laws place a maximum limit on the loan fees and interest rate for any type of financing. Rest assured that we fully comply with all Illinois lending laws related to title loans. Local laws also require our applicants to be old enough to legally take on the responsibility of a loan and to have full ownership of the vehicle that is being used as collateral for the loan.
Now that you know more about the legality of title loans, you can feel more comfortable walking through the loan application process and getting the money that you need from a title loan.
How to Apply for a New Title Loan
We understand that many of our applicants are already stressed out by the financial situation that they are immersed in, and the thought of enduring a difficult loan process may magnify your stress level.
Because of this, we have designed our car title loan application process to be as straightforward, simple and convenient as possible. If you are interested in getting money from a title loan, you can complete the few fields on our online title loan application at your convenience. This loan application only takes a couple minutes of your time.
When you submit the application to our lending team, you can feel confident that we will review the application and make a lending decision very quickly. Because our entire loan process only takes a few days from start to finish, you can expect us to provide you with your loan approval without delay. If you agree to the loan terms that we approve you for, we will initiate a bank transfer so that you have immediate access to your money.
A Velocity Cash, we are committed to providing our clients with a convenient way to obtain extra money when it is urgently need. If you have a vehicle that has equity in it, title loans in Illinois may be used to pull that equity out into much-needed cash. You do not have to stress about your financial situation any longer because we offer the fast and easy money solution that you are looking for.
Simply spend a few minutes filling out the online loan application to get started. If your loan application is approved, you could see the cash that you need in your bank account within a few days or less.