Title Loans in Woodstock, Illinois from Loan Cheetah
You’ve heard of title loans but never thought you would need one. Paying your bills on time and being wise with your money, you were certain you’d never face a financial crunch you couldn’t handle on your own. Other people got title loans, and that was fine… for them. You didn’t look down on them, but title loans were not for you. Now, things have changed, and you have a lot more money going out than coming in. Getting a loan against your car doesn’t sound so strange. Perhaps today is the day to consider title loans in Woodstock.
Title Loans Woodstock
So, you know the basics. A title loan is money you borrow against your car. Now, for the specifics. You take a couple of minutes to apply for car title loans online. Talk to a loan representative. Within a day or so you get the money. Yes. It’s that simple. Of course, there is a very small amount paperwork to fill out, and you will let us hold onto your car’s title while you repay the loan. But, title loans in Woodstock are among the easiest ways to get money when you need it in a hurry.
Applying for Title Loans Woodstock
Applying for title loans in Crystal Lake and Woodstock starts on the Loan Cheetah website. First, make sure you meet the auto title loan requirements, which are to be at least 18 years old, have a steady income and have a car with a lien-free title. The more valuable your vehicle, the more money you qualify for, but just about any vehicle will do, including those that have been salvaged and repaired. Rebuilt title car loans are fine with us. You will also need references and proof of identification.
You only need nine pieces of information to complete the application. We need your name, cell phone number, zip code and email address. About your vehicle, we need its year, make, model, style and mileage. Give us those nine things, and you will instantly get a loan estimate by text or email.
After getting your estimate, we call you to work out the details, such as deciding whether to pick up your loan cash or have it direct deposited in your bank account. If you prefer, you can complete the application by phone with a Loan Cheetah representative.
Everything is Legal
In Illinois, title loans are regulated by Title 38 of the Illinois Administrative Code. State law allows lenders to loan up to $4,000, and we are prohibited from requiring balloon payments. That means borrowers won’t have to worry about large payments they can’t afford. The law also requires lenders to give notice if a borrower’s vehicle is in danger of being repossessed.
Pros and cons
When it comes to speed and simplicity, title loans in Woodstock can’t be beat. And, of course, just getting the money is a huge plus, but there are other benefits to this type of financing, especially when you’re a client of Loan Cheetah.
- We don’t charge fees for applying for a loan or processing one. We don’t slip in hidden fees that catch you by surprise. Want to pay off your title loan early? No problem, and no penalty for paying early.
- There is no credit check. Whether your credit is perfect or perfectly awful, we’re good. Our loans are not based on your FICO score.
- Pay your loan fast, or pay it slow. Whether it takes weeks, months or even years, we’re open to a flexible repayment schedule.
- We don’t have a problem with change. If your payments are too high, we’ll restructure the loan so it works for both of us.