Title Loans Illinois

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Title Loans DeKalb, IL

Going hungry is something that happens to poor people, but if you don’t get money soon, you worry it could happen to you. With bills mounting and money going out faster than it’s coming in, you are in a really tough spot. Fortunately, someone knows exactly what you are going through and has come up with a plan to solve the problem. Midwest Title Lender offers title loans in DeKalb that are fast and easy.

What exactly are title loans in DeKalb? Seems like everyone should know what a title loan is, but since less than two million people get them annually, we will explain. Title loans are personal loans taken out through the use of security, which is the borrower’s vehicle. Vehicles used can be cars, trucks, motorcycles and other types of transportation. By using collateral, there is no need for a credit check. People with bad credit or who have a bankruptcy won’t be denied based on their creditworthiness.

To qualify for a loan, an applicant needs to own a car that has no liens against it and have a source of income from a job, a pension, alimony or another source.

Title Loans DeKalb, IL Application

Midwest Title Lender has a simple online application. Just provide your name, phone number, zip code and email address. Also tell us the make, model, style, age and mileage of the vehicle you plan to use as security. You will get a title loan estimate and a phone call from a loan agent. During the call, set up your payment plan, tell us more about your income and let us know when you want to collect your cash. We also need to talk about the condition of your vehicle. Having damage can lower the loan amount you get, but you could get a higher amount if the vehicle has upgrades, such as a nice sound system. You will need to turn over the title to the agent and sign loan papers, but then, you get the money.

Legal Information

Illinois title loan lenders must be licensed in Illinois. They can make loans of up to $4,000 to qualified borrowers. However, even a qualified borrower may not get the full amount because state law will not allow monthly loan payments to be more than one half of the borrower’s monthly income.

Lenders must tell borrowers about all costs related to their loan, including fees and interest charges. They must also give borrowers a state-produced brochure about debt management. Balloon payments are not allowed, lenders must not penalize borrowers who choose to payoff their title loan early.


Title loans in the Midwest are one of the easiest and most convenient ways to borrow money. With an application that takes just minutes to complete, an instant loan estimate and a short phone call to iron out the details, applicants are ready to collect their cash. If they tried to do that at a traditional lender, the bank loan officer would get them to fill out a lengthier application and provide bank statements and pay stubs.

The applicant would definitely have their credit checked, and if it was good but not good enough, they might have to provide collateral to get the loan. Title loans eliminate the hassle, the excess paperwork and the credit check by simply using the borrower’s vehicle as collateral. The result is a very high approval rate.

Another benefit of title loans in Rockford and DeKalb, IL is that you only need to leave the title with the lender. You keep the car while paying off the loan.