Title Loans Pekin, Illinois
Looking for a short-term financial solution that doesn’t break the bank (unlike payday and cash advance loan services) and passes the cash into your hands within 24 hours or less? How about flexible pay scheduling, adjustable loan sizes and no credit score? What if we told you that the paid-off title to your car is the only collateral we need while you pay us back? Suddenly, title loans in and near Pekin, IL don’t sound so bad.
Midwest Title Lender knows that loan companies have garnered a less-than-ideal reputation for taking advantage of their clients. Thankfully, not all loan companies are known for this. Even better, a title loan company that does honest business will bring out the best of the benefits to carrying out title loans Pekin. While we hold on to the title of your vehicle, you’re perfectly fine to use the vehicle however is necessary. Once you’ve compensated us in full, the title returns to you.
How do I apply for title loans Pekin, IL?
Applying for a title loan in Illinois isn’t the hoop-jumping exercise you probably thought it’d be. Unlike other loan companies, we only ask for the information that’s actually needed to safely and legally get you the cash you need in timely fashion. The form takes 30 seconds, requiring only your basic contact and vehicle information. We use the vehicle’s make, model, year and mileage to determine the worth of the title, which in turn decides how large of a loan you can take.
Once you’ve sent it in, we’ll have a look at it and send you a call back at the provided number to discuss your free title loan quote. We offer a calculator for title loan to help you out with the decision to commit. When you’ve decided, we’ll just need to confirm your identity and income situations, trade the money for your title, and you’re all set! The money should hit your account within 24 hours, sometimes as soon as the very same day.
Ideally, you’ll want to ensure that you have no liens on the title that you’re offering us. You’ll also need a solid and steady form of income to get your foot in the door in most cases, although there are exceptions that can be made for those who are unemployed.
What about the laws that protect me in Illinois?
- Illinois law stringently cracks down on short-term lending agencies and especially title loan companies. We’re limited in what we’re allowed to do when creating and distributing title loans, and all of our representatives are required to be officially licensed in order to do so.
- Usury isn’t just another word in the legal dictionary — it’s a serious crime. No lender is allowed to boost up your interest above 10%, ever. This is less a concern with title loans in Pekin, IL, since we keep the rates lower than other companies to start with.
- We’re legally held to ensuring that whoever receives a title loan is reasonably willing and able to repay it inside the given time frame. This is why we need to know your income situation.
We also provide title loans in Peoria! As a leading financial assistance company in our specialization, Midwest Title Lender provides Midwest title loans with all the same advantages that other loan types lack, including:
- Ultra-fast application process with zero credit checks and minimal requirements
- Blazing quick cash delivery — as soon as the same day you apply
- Easygoing compensation schedule and low payment rates