Title Loans in Downers Grove, IL

Almost nobody gets through life without needing a personal loan or a revolving line of credit for one expense or another. Leaky pipes in your water lines, a car that won’t start or one of your favorite pets who’s sick and needs to see the vet are just a few expenses that could blindside you suddenly.

But maybe you wish you had a little extra money you could spend to do a new landscaping project in your yard, or to buy a pool table or other family entertainment item to setup in your home. Most people pay for these expenses with credit cards, but what if your among the people who don’t have credit cards or have a history of bad credit that prevents you from using regular personal loans? An option for you could be title loans in Downers Grove.

What Makes Car Title Loans In Downers Grove Better Than Other Financing

Banks have often caused customers headaches when they’ve needed personal loans both from scrutinizing the information entered in the loan application, and also having high minimum amounts for borrowing and strict credit requirements. With title loans in Downers Grove, IL, you don’t have nearly as strict requirements, and you don’t have to wait as long for approval. They have some similarities to payday loans, but there are some advantages over them as well:

1. You usually can borrow more with vehicle title loans because you’re borrowing against a vehicle used as collateral

2. You usually have a little more time to pay off title loans than you do payday loans

3. You don’t usually need to setup a checking account for automatic withdrawal with title loans

Car title loans have a few federal laws put in place to make sure consumers are not mislead, but the federal government has left it mostly up to the states to manage them. Illinois allows them but does have a few extra laws that other states do not.

Can You Apply Online For Car Title Loans In Downers Grove?

We recommend applying online for our title loans in Downers Grove, but you will need to come see us in person as well. Our title loans online application is meant to give you an idea of how much you can borrow based on the make, model, mileage and year of your vehicle, but it needs to be inspected to make sure it meets the Downers Grove, IL title loans criteria. You can usually borrow somewhere between 30%-50℅ of what the vehicle is worth, but the maximum amount you can borrow is $4,000.

You also need to make sure you have your title and it’s clear. This means that you must have completely paid off any auto loan that you took out to buy it, and you cannot have any liens marked on the title. When you take out a title loan, your title is held by the lender, a new lien placed on it, and then returned to you clear once you pay off the loan.

What Documents Do You Need?

Once you’ve completed our online application, you’ll receive your car title loan estimate and then have an appointment scheduled with us. You should make sure you have the following documents ready before you come:

1. You’ll need to confirm you are 18 or older with a government-issued photo ID

2. You’ll need your vehicle title

3. You’ll need documents showing what your monthly income is

Your vehicle will be inspected, we’ll go over your documents, have you read over the loan terms and then make our approval decision. You’ll need to make sure you understand your repayment terms carefully, and make sure you’ve accepted all repayment responsibilities. Once we’ve approved you, you won’t have to wait long for your funds to arrive.

If you need more money, let us give you money today! At Downers Grove Car Title Loans we guarantee that our rates are the lowest in the state. You can get cash in one hour with us. We will come to you or you can come to us to get your cash. You can get a car title loan on more than just your car. We offer title loans on motorcycles, boats,trucks, and even motor homes. We will meet or beat any other company rate, so give us a call!

All we need to know is basic information about your car to tell you how much cash you qualify for. Get the best rate on a car title loan now. We make it quick and simple for individuals to get loans with us.

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