Nothing is worse than needing some quick cash, but not haven’t enough in your wallet or bank account. Often unexpected bills arrive at the least opportune times—the car breaks right before the big vacation—or you lose your job and need to pay rent. A car title loan may be the best way for obtaining the cash you need quickly.
Title loans work by turning your car title into fast cash. It works as a loan, which you repay over a set payment schedule. The process works quickly, and most applicants will have their cash within twenty-four hours. This is often a lot faster loan than a bank can provide, particularly if you’re applying for your loan over the weekend, or in the evening.
Most banks have a longer application process, and you may have to give a reason for your loan, such as to pay bills, job loss, etc., which are reasons they may not like to hear.
Many people also have a bad credit score. This may have resulted from a job loss in the past where many bills were paid late. But with Illinois Title Loans they won’t look at your past credit history. Instead, your loan is secured with collateral, in this case it’s your car. In the event that you can’t pay back your loan, your car’s title will pass to the lender. It doesn’t happen too often, but you can be confident that you’ll have obtained a fair price for it. In the event this happens, your credit history will not be affected at all.
To see how much money you can get on your car title loan, visit the0 Illinois Title Loans website. Enter details about your vehicle: year, make, model, style, and estimated mileage, and click Next. The next step is entering details about you: full name, cell number, email and zip code. You’ll have to x the box to agree to receiving a quote on how much cash your car is worth. You’ll also need to agree to the privacy and wireless policies, and the terms and conditions, then click the Submit button.
Shortly afterwards, you’ll receive your quote. There is no obligation for obtaining a quote—if all you want to do is see how much you can get, you don’t need to follow through with the application process. But if you do, you’ll receive details in your email account. The entire application process will take less than 24 hours.
Another great benefit to obtaining title loans is that you can still keep on driving your car. This is different than obtaining a loan from a pawn shop, where you must surrender your item until you have paid the loan back in full.
Some other ways you can use the quick cash from a car loan include paying for medical or business expenses, car repairs, and many other reasons. There are no restrictions to how you spend your cash.
Choose Illinois Title Loans for the next time you need a loan. You may have some great ideas for how you’re going to spend your extra cash