Title Loans Canton
Are The Easy Way To Get Credit
It is a bit difficult to understand but the economic crash of 2008 was caused by loose lending laws. Banks were giving home loans to people who could not afford them. And when those people could not pay back their mortgages, a bubble started to form in the banking system. That bubble collapsed violently in 2008 which caused a variety of regulations to be passed by the federal government in order to prevent another bubble. This has made it difficult for the average person to get credit, but there is an option in Title Loans Canton, Illinois, by The Midwest Title Lender.
You may find it difficult to get loans or a credit card because of the fallout of 2008. But if you own your car, you can borrow against its value today. You no longer have to suffer the indignation of exhaustive background and credit checks. You can simply withdraw money from the equity of your vehicle and you can do it almost immediately. Read on and you’ll find out just how easy it is to get Title Loans Canton, Illinois, from Midwest Title Lender. Our years of experience have helped us streamline the process to help people just like you.
Title Loans Canton, Illinois, Starts With Three Simple Pieces Of Information
We’ve made the application process so easy that you can do it from your smart phone, tablet or computer. One of the first things you should do is find the title to your vehicle. On the title you’ll find the year, make and model of the car. Simply type that information into our application page to start the loan process. Once you click “Apply”, you’ll be well on your way to getting the credit that you deserve.
Tell Us A Bit About Yourself
Once you submit the year, make and model of your vehicle, you’ll be asked a few simple questions about yourself. We need to know your name, phone number and your ZIP Code in order to get you your instant auto title loan quote. Once you have submitted your personal information expect a phone call as soon as possible. A representative will be eager to set up a meeting where you’ll receive your cash.
Title, Proof Of Residency And Proof Of Income
You will need to bring three documents to your meeting in order to receive your money. You will need the title to your vehicle as well as proof of residency and proof of income. We service title loans in the Peoria area and must adhere to local and state regulations. Midwest Title Lender is serious about compliance while making the process as simple as possible for you.
Local Regulations Protect You
Auto title loans in Illinois are protected by law. The law states that there can be no balloon payments so you will enjoy a smooth and easy repayment process. You can also refinance a title loan once 20% of the original balance has been paid off. And no payment can be more than 50% of your monthly income. We will even refer you to state finance specialists who will help you repay the loan on your own terms.
It Is The Credit Your Deserve
You can view your vehicle like it’s a bank. Every payment that you made on your way to ownership was a deposit. Taking out a car title loan is like taking out a money from an ATM for that bank account. You are simply borrowing money against the value of your vehicle that you already own outright.