Title Loans Lincoln, IL
In our current economy, it is very difficult to get the money needed to make ends meet. While most other lending options have become unavailable to many hard-working families, auto title loans have not only stood their ground as an excellent way to stay afloat, but they have become more and more regulated in order to help families throughout the years.
With a title loan, all you need is to own a vehicle and you can borrow against the equity in that vehicle without any kind of credit check or lengthy application.
We know that the cost of living can be high in Lincoln, and we’re here to help. It is a great idea to get your auto title loan in Illinois because state regulations make it one of the best places to get title loans in the Midwest. We’ve been helping people get car title loans in Lincoln, IL as well as title loans in Decatur and other nearby cities for years, and we want to help you, too.
How to Apply for Title Loans Lincoln
Because of the simplicity of an auto title loan, our application process consists primarily of our easy-to-use online form. Simply fill out the drop-down boxes with the year, make, model, and mileage of your vehicle and then tell us a way to contact you, and you’ve done most of the paperwork already. You’ll get an estimate of the loan amount right away, and one of our representatives will contact you shortly with how to proceed. There is no credit check required. We also have a convenient calculator for car title loan right here on our site.
Benefits of Title Loans Lincoln, IL
Illinois has enacted some regulations making easier for borrowers to obtain auto loans in Lincoln and stay on track with payments. Some benefits of auto title loans Lincoln are:
- There are no balloon payments. While title loans in some states can have a huge balloon payment at the end of the loan that many borrowers are unprepared for, your loan with Midwest Title Lender will not be structured this way.
- Your payments will be calculated with simple interest. Unlike other types of loans which may be structured in a way that the first payments will be primarily toward the interest, your title loan in Illinois will have the same percentage going toward the principal every month.
- You can pay off your title loan in Lincoln and all of Illinois with no prepayment penalty, allowing you to pay your loan off as soon as you no longer need it.
Benefits of All Auto Title Loans
- No credit check is required. Because your eligibility for an auto title loan is based on the equity in your vehicle, not your credit history, you can qualify for a title loan with or without good credit history. Your Midwest Title Lender representative will not even look at your credit report. This is also important to note if you are trying to keep credit inquiries off your report if you are trying buy a home or refinance.
- You can get the money you need fast. Because there is no lengthy approval process, you can get access to your money right away, often the day you apply.
- You get to keep your car. As long as your payments are current, you can continue to use your vehicle without worry.
We’re looking forward to doing business with you. Please give us a call, stop by our office, or fill out our simple form to get started.