Title Loans Wisconsin
In this challenging economic climate, it is not unusual for individuals to get strapped for cash from time to time. According to a recent report by CNN Money, approximately 76 percent of hardworking American citizens live from paycheck to paycheck. If you are struggling to pay your unexpected expenses and bills, you are not alone.
When you are uncertain about how you are going to pay your bills, it can be a stressful experience. This financial stress can cause worry, anxiety and physical ailments. Living in financial turmoil is no way to live.
Car Title Loans Wisconsin
The good news is you do not have to suffer with the uncertainty of living in financial lack. You can use your vehicle’s free and clear title to get instant cash. This cash can be used to help you get ahead and eliminate the financial stress from your life.
Each year, over 2 million people with various types of credit get title loans in the United States. This money is often used to pay expenses related to repairs, bills, utilities, education and recreation. After you get your title loan money, you can use the money to get your financial life in order.
At Midwest Title Lender, we have lending opportunities for customers who meet our requirements for title loans in Wisconsin. We are excited about our favorable loan rates, and we invite you to apply for title loans with us.
Applying for Title Loans Wisconsin
Applying for title loans in Wisconsin is super easy with Midwest Title Lender. We have an application process that takes only a few minutes of your time. You can get your cash in 3 easy steps.
Step 1 – Complete an application by providing information such as your vehicle make, mileage, year and model. The application will also require you to provide basic personal information including your name, address and telephone number.
Step 2 – Submit the application online and receive an online title loan estimate of your car’s value.
Step 3 – Consult with a title loan representative on the telephone to finalize the loan. After the application has been submitted for final approval, you will get the money for your title loan via direct deposit into your bank account.
How Car Title Loans Work
If you are not familiar with how title loans in Wisconsin work, the representatives at Midwest Title Lender can explain the process to you. This section will provide you with a brief overview of the way in which title loans are structured.
When you sign a title loan contract with our company, your car is being used as a guarantee for the loan. Our company’s name will be registered on your automobile title as the lien holder.
A title loan contract does not transfer ownership of your car to our company. An important thing for you to know is you continue to own your car, and you can drive it as usual. Since our company is listed as lien holder on your car in Wisconsin, a title loan contract gives us the right to sell your car in the event of a loan default.
Customers should understand the benefits and consequences associated with title loans in Wisconsin. When you have been presented with all of the facts about title loans, you can make an informed decision.
Major Benefits of Getting a Title Loan
Title loans provide the quickest way for customers to get cash. There are other benefits associated with title loans.
- Quick and easy online application process
- Various types of credit approved
- Attentive customer service
- Affordable and fain interest rates
- Flexible payment options
- Drive your car while you repay the loan
Wisconsin Title Loan Laws
Title loans in WI are governed by strict laws that protect you from predatory lending practices. As a WI resident, you can are legally allowed to borrow up to $4,000 or 50 percent of your gross monthly income.
Our company must provide you with a written contract. This contract must provide details about the interest rates, principal, duration of the loan and the total amount of money that will be paid at the end of the loan.
Title loan interest rates are not regulated by Wisconsin lawmakers. Title lenders are allowed to determine the amount of interest that is being charged.
WI Car Title Loan Requirements
Bad credit is not a problem for our online title loan company. In fact, credit checks are not conducted by our company. If you would like to apply for a title loan, here is a short list of qualifications for our loans. All applicants must:
- Own the vehicle on the application.
- Be at least 18 years old.
- Have a regular source of income.
- Own a vehicle that has no liens or other financial obligations.
Common Questions About Title Loans in WI
There is so much to learn about title loans. We recommend that you get as much information as possible before you apply for a title loan for your car. Here are 5 questions customers frequently ask about our title loans.
- How many title loans can I get on my car at one time?
You may get one title loan at a time for each vehicle. Once you have repaid the first title loan, you are free to apply for another title loan with our company.
- Are there penalties for repaying my title loan early? Absolutely not! You may repay your loan early without penalties or fees.
- How are interest rates determined for title loans?
Interest rates are calculated based on the length and amount of the loan. In order to get an accurate quote of the interest rate that you will be charged, you should complete an application for a title loan. Applying for a loan will not obligate you to sign a contract with us. When you apply for a loan, you will find that we offer competitive interest rates in comparison to other lenders.
- Is it true that title loan interest rates are high?
Title loans have fair interest rates when they are used as short term loans on small amounts of money. These loan products have higher interest rates than traditional bank loans. However, our company offers interest rates that are lower than most title lenders.
- Will my personal information be protected?
We use secure internet connections. We guarantee that your personal information is safe with our company.
Midwest Title Lender is a trusted title loan company. If you have additional questions about our application process, contact our title loan representatives today. We are available to help you get the immediate cash you need.