Is Illinois doing title loans?

Is Illinois doing title loans?

Fast Cash Today! Residents living in the state of Illinois have an option to get money fast with a title loan. A title loan could offer some much-needed relief in the face of an unexpected emergency. Illinois Title Loans, Inc. is ready to serve you from many locations set up across the state of Illinois.

How do I get a title loan?

You can apply for a title loan through a lender that offers one as long as you own your vehicle outright and have a lien-free car title. During your application, you’ll need to show your lender your car, proof of ownership (your car title) and your license.

What do I need for a title loan in Illinois?

​​- All that is needed to apply is a valid state-issued ID, be at least 18 years old, be able to provide proof of income, and possess the clean title to a vehicle that is in your name. Is it necessary to have a driver’s license to get a title loan?

What happens if you dont payback a payday loan?

Defaulting on a payday loan can drain your bank account and trigger collection calls. A payday loan default can lead to bank overdraft fees, collections calls, damage to your credit scores, a day in court and garnishment of your paycheck.

Is Illinois doing a payday loan?

The state is now one of 18 that caps payday loan interest rates and fees after the Illinois Predatory Lending Prevention Act was signed into law by Governor JB Pritzker last month. Illinois State Senator Jacqueline Collins represents parts of Chicago’s South Side and the south suburbs.

How many title loans can you have in Illinois?

You can only have one title loan at a time in the state of Illinois. Note you cannot apply for an additional title loan if you have had one outstanding or come due within 15 days prior to your application. Once you enter into a loan agreement, your lender must take possession of your vehicle’s title.

Can you use your car title for a loan?

Your car title: A car title loan, also known as a “pink-slip loan” or “title pawn,” uses your car as the primary collateral for the loan. It’s a high-stakes loan, since it usually has terms for a very short period — like 15 or 30 days — and charges extremely high interest rates.

How to apply for a Midwest title loan?

Midwest Title Loans made me feel like I was part of the family.” Flexible payment terms with no prepayment penalties. Complete some basic information to get the loan process started. A Customer Service Representative will contact you. Get your Cash!

Can You Keep your car with Midwest title loans?

Simple: It’s a loan that uses the value of your vehicle as collateral, without the need for credit checks or other complicated loan paperwork. At Midwest Title Loans we are happy to serve customers with every type of credit! And don’t worry, you get to keep your car.

Which is the best title loan company in Kansas City?

Midwest Title Loans is one of the oldest, largest, and most respected title loan companies in the Kansas City area. We opened for business in 1997 and have maintained thousands of satisfied customers by helping them with title loans. We are the most flexible and customer-friendly title loan company, and we want to earn your business.