Title Loans Illinois

Yes, I agree to “Opt In” to receiving Text, SMS and MMS Messages in communicating account information as well as offers and promotions. By making this selection, I understand and agree to receipt of text, SMS and MMS messages at the mobile number that I provide. I know my selection is not necessary in order to apply for a loan and that I can “Opt Out” at anytime.

I have read and agreed to the Wireless Policy, Privacy Policy and Terms and Conditions.

Title Loans Grayslake, Illinois

If you’re reading this, chances are you are looking for a way to improve your financial situation. Maybe you want to learn how to stretch a dollar or stick to a budget. Maybe you’re not sure what you’re looking for, but you know you need more money and your credit means going to the bank for a loan is a dead end. Fortunately, your search landed you on the right site because title loans through Midwest Title Lender could be exactly what you need.

Title loans in Grayslake are a simple exchange of a car title for a loan. The applicant does not need good credit because title loans in Illinois are based on collateral and the client’s ability to pay the loan back. People with bad credit will be happy to know that there is no credit check.


Applicants must use a lien free car that is paid off in order to qualify for title loans in Grayslake. They must be listed at the owner on the vehicle’s registration. Applicants must also be at least 18 years old and have an income from a job, retirement, alimony or another source.

Title Loans Grayslake, IL Application

Start the application with the make, model, year, mileage and style of your vehicle. Then, just type your name, zip code, email address and phone number in the online application. You will get an auto title loan quote, which is followed by a call from a Midwest Title Lender representative. The two of you will discuss the loan, set up payments and make sure the condition of your vehicle matches the loan offer. After signing a loan agreement and turning in your title, the money is yours to take. It usually takes less than a day to complete the full loan process.

Illinois Legal Information

  • Title loan applicants may get up to $4,000 in loan money.
  • Borrowers may not get a loan amount with payments that are more than half their monthly income.
  • Title loans are regulated by the Illinois Department of Financial and Professional Regulation (IDFPR), which is the agency that licenses title lenders.
  • The IDFPR produces a brochure about debt management, consumer rights and consumer responsibilities. It also includes a hotline for consumer complaints. These brochures must be given to borrowers before they sign documents agreeing to take out a title loan.
  • Lenders may not require balloon payments, and they may not penalize customers for paying off loans early.


Let’s start with the best benefit, which is money. You need it, and you got it. Getting the money is beneficial to anyone who is in financial distress, but especially people who don’t have many options.

That brings us to the next benefit, which is title loans are better than bank loans. Traditional lenders want employment and salary documents, bank statements and possibly tax returns. They may ask for collateral, and they definitely run your credit. People with lower scores are out of contention at this point. Bank loans take weeks to wrap up, even after you give them everything they ask for, you may be considered too risky to get a loan. With title loans, if you have a car and an income, you’re in.

Title loans in Waukegan and Grayslake, IL are short term by design. People who use these loans need a helping hand for a short term problem, so the loan terms are quick. You get the money, pay the loan back and move on. However, some people need a bit more time to make all the payments. If so, their loan can be restructured to help them pay it back.