Title Loans in Wausau, WI

Financial stress is unfortunately a common challenge for many Wausau area residents. You may be one of the many local residents who live on a tight, fixed budget. While you may manage to get by regularly, there are always times when your budget is thrown off-kilter because of unexpected events. These may be events that limit your income for a burdensome period of time or that result in extra expenses. There are numerous methods that you may use to maneuver through this type of event, but one of the easier solutions that may be available for drivers like you is to apply for title loans in Wausau.

How to Apply for Car Title Loans in Wausau

Auto title loans in Wisconsin are available through several different companies, and many give you the ability to apply for title loans online. The first step in the application process is to complete the online form. This will typically give you a car title loan estimate. Through this estimate, you will be able to easily determine if you may qualify for this type of financing and what the approved loan terms may be. The online application requests specific information about the vehicle that will be used as loan collateral. This information includes factors such as the vehicle's mileage, make, model, model year and other important details. Your credit score is not usually a qualifying factor that is used to determine loan approval or loan terms. You will, however, need to hold title to the pledged vehicle in your name. This vehicle should have ample equity to support the loan amount that you are requesting.

Legal Regulations for Title Loans

Auto title loans in Wausau are exceptionally easy to apply for and to qualify for. In fact, they are so easy to obtain that you may wonder if they are legal. The issue of legality may also come to mind when you review your loan terms. Auto title loans are legal in Wisconsin, but there are some regulations that must be followed. For example, all loan applicants for any type of financing in this state must legally be adults. They must be 18 years old or older, and the car needs to be owned individually by the applicant. Just as there are legal regulations for title loans in Wausau that apply to you as the applicant, there are also regulations for the lender. For example, the lender must keep the interest rate and loan fees under certain levels. We are aware of all title loan regulations for Wisconsin, and we always comply with these regulations.

Benefits of Title Loans

Before you decide whether or not you should take out a title loan and use this source of funds to deal with your current challenges, you should understand their benefits in comparison to other options. One option is to simply not pay for your expenses until you actually have money from your income to do so. When you follow this route, however, you may be hit with expensive late fees, interest rate escalations, service disconnections and more. Another option is to use a credit card. However, credit card debt is revolving debt, and it is unfortunately very difficult for most people to pay off in a reasonable period of time. Because a title loan is a short-term loan with one payment that is due within a couple of weeks, there are no concerns about being saddled with extra debt for many long months or years. These are only a few of the many benefits that you can enjoy through title loans in comparison to some of the other lending options. You can see that this is clearly a superior option for most people.

Be aware that money from title loans in Wausau can be used for almost any desired purpose. A common use of this money is to pay for extra expenses, but this is not the only option. Some people need or want to take a trip. They may need to make expensive repairs to the car or to their home. Other people may want to take advantage of a special offer that is only available for a short period of time. With so many different uses of title loans and with their many benefits, you can see that this may be the perfect financial plan for you to pursue. You can easily request a quote and get firm information about the title loan that you may qualify for if you spend a few minutes filling out the loan application online.