Title Loans Springfield

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Title Loans in Springfield, IL

Every Springfield title loan company is not the same. Some title lenders offer competitive rates. Other title lenders offer rates that might not be affordable for your budget.

Midwesttitlelender.com offers title loans that are competitive and affordable. Our primary mission is to help our customers overcome their financial emergencies.

Getting a title loan with any company is serious business. Before you put your most valuable asset on the line, carefully consider whether this loan is an affordable option for you.

It is amazing how we can forget about bills like auto insurance that’s paid quarterly, yearly homeowners insurance premiums or college tuition due in the fall. When focusing on monthly budgets, bills that aren’t paid monthly just seem to disappear until we realize they are due now. If you are blindsided by forgotten bills or simply need cash now, you might want to consider title loans in Springfield, IL. Trying to cover all your expenses these days can be difficult, and rather than risking overdue bills and late payment charges, you could easily take out a title loan to make sure everything is paid on time.

For the most part, people rely on an Illinois title loan as an alternative solution to conventional personal loans. Title loans are so much easier to get, and the qualification requirements are much more lenient at Midwest Title Lender. Most people are even surprised to learn that they can easily qualify with bad or poor credit. If you need cash now, you could easily get a fast online quote and use the title of your vehicle to secure your loan. We offer competitive interest rates and work with each and every applicant to find an ideal payment plan.

What Are Springfield, IL Title Loans?

Title loans have gained in popularity since banks have made it so difficult for the average guy or gal to get a loan. These days, most banks won’t even consider a person who has bad credit. Not to mention all the paperwork and documentation that’s required for bank loans. Consequently, people use title loans if they have trouble qualifying or simply don’t want to deal with a long drawn out loan process at a bank.

Title loans in Springfield are designed as short-term loans, which means they usually have to be paid back in about 30 days. Often, this is all that people are really looking for to catch up on bills or pay a forgotten bill. These loans are secured by your automobile, which means the lender can sell your vehicle if you should fail to make your payments outlined in your contract.

However, Midwest Title Lender works carefully with each applicant to find an affordable payment plan to reduce the chances of missed payments.

Why Would I Consider Title Loans in Springfield, IL?

To begin with, we offer several features, benefits and perks that you just won’t find with other types of loans.


  • Competitive interest rates. We check interest rates for the best rates before closing the loan to assure you of the lowest possible payments.
  • Professional services. All of our loan representatives are experienced and well trained to provide top-notch services.
  • Private information is never shared and remains confidential.
  • Stress-free. We have streamlined the entire loan process to make it fast and stress-free.


  • Customers receive loan funds within 24 hours or less.
  • We have no prepayment penalties or fees.
  • No application fees or loan consultation fees.
  • No credit checks.


Affordable payment arrangements. We take the time to work with each client to find the most affordable payment plan for your specific situation.
Even though you are securing the loan with your vehicle, you are still free to use it any time you like. There are no driving restrictions.
Loan funds. You are also free to spend your loan money for any purpose whatsoever.

What Are the General Requirements to Get a Loan?

  • Vehicles may need to be inspected to make sure they qualify as collateral.
  • Applicants will need to show a driver’s license or an Illinois identification card, which confirms they are at least 18 years of age or older.
  • You’ll be asked to turn over a clear title for the vehicle being used as collateral. This means there cannot be any liens on the auto.
  • You may be asked to produce the vehicle registration listing you as the owner of the automobile.
  • Automobiles must be working and in running condition.

How Fast Can You Get a Title Loan?

If you apply online, which speeds up the application process, you may receive your funds in as little as 24 hours or less. Title loans are our number one priority, and our goal is to get you approved quickly.

To get a fast car title loan quote, you simply apply with our online application. You’ll only need to provide some basic information about your automobile and your contact info such as:

  • Provide the year or age of the vehicle and the odometer reading or an approximate number of miles on the vehicle.
  • Make, body style and model of the automobile.
  • Your first and last name, zip code and a telephone number.

Before you know it, you’ll receive an instant online loan quote. Quotes are based on the information you provide in your application. At this point in the application process, you’ll want to decide whether you’re interested in getting additional information or you want to proceed with the loan application process.

One of our loan representatives will contact you over the phone to talk about your loan amount, income sources to pay the loan and guide you to find the perfect payment plan for affordable payments.

Barring any unforeseen problems, from the start to the finish of the process, you’ll have your cash in less than a day.

How Are Loan Funds Determined?

Loan amounts are determined by a number of factors such as:

  • The age, mileage and overall condition of the auto.
  • The amount of equity you have in the car.
  • Your ability to repay the loan.
  • The fair market value listed in Kelly Blue Book.

Typically, newer automobiles with fewer miles rate higher loan payouts. Vehicles that have signs of being in an auto accident may rate lower payouts.

What Are Acceptable Income Sources?

At Midwest Title Lender, we will go out of our way to qualify you for a loan based on your ability to pay and your income resources. Listed below are a few examples of the types of income we may use to qualify applicants. If you have questions or concerns about qualifying income, be sure to consult with your loan representative.

  • Job income.
  • Social Security benefits.
  • Welfare benefits.
  • Unemployment benefits.
  • Commission income.
  • Self-employment income.
  • Alimony.
  • Disability income.
  • Retirement income.
  • Pension plan income.

What If I am Unemployed or Have Bad Credit?

In most situations, we can get your qualified for title loans in the Midwest using unemployment benefits or a new job you’ll be starting in the future. Since the loan is secured with your auto, we aren’t concerned with credit scores and do not pull credit reports.

Consumer Protections

Loan applicants are required to sign a legal agreement (contract), which states that you agree to the loan terms and agree to pay back the amount of money you borrowed. You are also agreeing to pay back any fees and interest associated with the loan.

To protect consumers, the state of Illinois has regulations in place, which require the terms and conditions of the loan to be spelled out in the contract. The contract should specify the total amount of the Springfield, IL title loan, minimum payment amounts, the interest rate, any fees and your payment schedule.

Title loans in Springfield by Midwest Title Lender are a great way to pay off high-interest charge cards, catch up on bills or pay forgotten bills.