Title Loans in Middleton, WI
If you have given any thought to taking out a title loan, you'll want to check into the auto title loan regulations governing title loans in your state. For instance, regulations in Wisconsin allow you to take out Wisconsin title loans with a repayment period as long as six months. This can play a significant role in your payment. Longer loans usually result in smaller loan payments, which is often what most people are looking for. In addition, title loans require the borrower to pledge their vehicle as collateral. Since loan amounts are based on the value of the vehicle, you could be looking at a loan worth about 50 percent of your car's value. Besides learning about car title regulations, it's smart to check out loan features, benefits and perks. Lots of folks choose Loan Cheetah as their title lender because we can process loans at record speeds. Our streamlined process allows us to process and pay out loans within 24 hours. We also don't have any kind of spending restrictions. You can use the money to make purchases, pay down debt or cover your monthly bills when changing jobs.
Learning About the Loan Requirements for Title Loans in Middleton
- To confirm your identity and age, we need to see a few references and your driver's license. State regulations require that all borrowers are at least 18 years of age.
- We need to confirm that you have the money to cover your loan payments, so we need proof that you have cash coming in. We can verify your income with a current paycheck stub from a job or a documentation letter stating that you receive government benefits, have retirement funds or any other source of steady income.
- We will be using the title to your vehicle as the collateral for the loan. Therefore, you must have the paper car title on a working vehicle. Car titles must be free of existing liens in order to qualify for title loans in Middleton, and your name must be listed on the document as the vehicle owner.
When It's Time to Apply for a Vehicle Title Loan
We can take applications on the telephone, or you are welcome to use our online application to apply for Madison title loans. If you meet the requirements listed above, you are encouraged to fill out an application, which requires the following information:
- An estimate of your car's mileage, the year the car was made and the make, model and body style.
- Your first and last name, telephone number and zip code.
All applicants receive an auto title loan estimate, which gives them some idea of how much money they may be offered as a loan amount.
Qualifying for a Loan
A loan agent from our company will be calling you to verify your income and discuss your loan needs. It is always helpful if you have your average monthly income on hand when taking the call.
Choosing a Repayment Package
Once you have been approved, we will present you with a selection of loan repayment packages based on the income information you have provided. We will talk about various loan term options and whether you wish to pay off the loan quickly or extend your payments over time.
Closing on the Loan
Loan closings are pre-arranged and held at local loan stores. You should be prepared to bring along your paper car title to settle the collateral requirements for title loans in Middleton.
To make the loan arrangements legal, we prepare a written contract containing the terms of the loan. It's highly recommended that you read through the loan terms. If you don't understand something, we encourage you to ask questions.
After signing your agreement and turning in the car title, we will pay out the loan. Your next step in the loan process for title loans in Middleton is to review the repayment schedule and make the first payment.
Checking out the Perks, Benefits & Loan Features
- Online title loans have no upfront fees to apply for loans.
- Approved borrowers always have full use of their vehicles while making payments.
- You can take as long as six months to repay the loan if desired.
- Borrowers enjoy the convenience of nearby loan stores.
- There are no fees to borrowers for paying off loans early.
Submit a free application today for title loans in Middleton.