Title Loans Appleton
Title loans in Appleton, Wisconsin come in handy for all kinds of purposes. For instance, if your hours at work have just been cut and you can’t afford to pay your bills. Many people take out title loans when they encounter medical emergencies and they just can’t cover the bills. Then, of course, some people use them to make badly needed repairs around the home. If any of these situations apply to you, it might be worth a few minutes of your time to learn more about title loans in Wisconsin. For example, you probably didn’t know that you might qualify for a loan if you’re unemployed. It is even possible to qualify with poor credit. You see, at Midwest Title Lender, we go out of our way to make it easy for people to qualify. We understand how frustrating it can be to have bills piling up and have very few options for paying them. That is why we frequently recommend title loans to get your finances back in order. Applying online is easy, and the whole process from start to finish generally takes 24 hours or less. Simply turn over the title to your auto, and you get cash.
What Are the Loan Amounts Like for Title Loans Appleton?
Loan amounts can vary greatly depending upon the value of your car, truck or van. Loan payouts are determined by the value of your car, your income and your ability to repay the loan. According to state regulations for Wisconsin, principal loan amounts cannot exceed 50 percent of the total car’s value. In Wisconsin, regulations limit Midwest title loans to a maximum value of $25,000.
So, you see, loan payouts could be worth as little as a couple of hundred for an older car in poor condition or thousands of dollars for autos with a high amount of equity and those in very good condition.
What Kind of People Qualify for Title Loans Appleton?
Midwest Title Lender works with people from every income level. We frequently work with small business owners who need cash to purchase supplies or cash to keep their business afloat. On the other hand, we give out loans all the time to students trying to get through their first year of college. We often work with folks that find themselves strapped for cash due to medical emergencies. Essentially, we work with all kinds of people who need a short-term loan quickly.
Are There Any Spending Restrictions?
No, we don’t have any spending restrictions. If you want to take a well-deserved vacation, buy groceries or pay off your power bill, it is up to you. You are free to use your loan cash for anything you want.
How Can You Qualify for a Title Loan If You Are Unemployed?
There is no doubt that if you are unemployed, you may really need a loan to keep your creditors off your back. Consequently, we’ll go out of our way to see about getting you qualified. Fortunately, we have fairly relaxed qualifying requirements, so we can usually get your qualified.
For example, if you are receiving pension income, we might use that, or we could qualify you with unemployment income. If you already have a new job lined up, we could probably use that as well.
Is Bad Credit a Major Problem When Qualifying?
Granted, credit scores are used for everything under the sun from auto insurance, apartment rentals or turning on your lights, but we don’t use them. Since, you are using your automobile as collateral, we feel checking credit scores is just more red tape. It slows down the whole loan process, and we are fairly sure, you’ll make timely payments to hold onto your car.
Qualifying for Title Loans
We believe in making the qualifying process as short and simple as possible. Therefore, you’ll only need a few things to qualify such as:
- Borrowers must be of legal age to sign a contract. So you must be at least 18 or older.
- You’ll also be required to show a driver’s license or a state identification card, which confirms your age.
- Automobiles used for collateral need to be operational and in running condition.
- Contracts are only issued to the owners of the collateral. So, you may need to show your auto registration, which lists you as the owner.
- Applicants must be able to turn over a clear title at the loan closing. The title shouldn’t show any lien holders.
What About Income Requirements?
If your income is on the low side, you may qualify for a smaller loan amount. Income requirements aren’t set in stone, and you may be pleasantly surprised at the amount you can qualify for. Listed below are just a few examples of various income sources that could be used for qualifying.
- Regular income from a job.
- Welfare benefits.
- Retirement income.
- Unemployment benefits.
- Sales commissions.
- Self-employment income.
- Social Security income.
- Pension plan disbursements.
There are obviously many different types of income. So, if you don’t see your income in this list, be sure to bring it up with your loan representative. It may be qualifying income that could meet loan approval standards.
Do Title Loans Come with Benefits, Features or Perks?
- We offer a variety of flexible payment arrangements to make sure you have an affordable loan option.
- Credit checks are never part of the application or qualifying process.
- Free use of your vehicle throughout the loan process.
- Competitive interest rates to keep payments down.
- Title loans in Appleton can be used for any purpose.
- Friendly, fast service.
- Higher loan payouts.
- Loan payouts in 24 hours or less.
- Convenient online applications.
- No application or consultation fees.
How Do I Get Started with a Title Loan?
To apply for title loans in Appleton, fill out our simple online application. We only need minimum contact information and some info about your car that you will be using as collateral.
- First and last name, phone number, and zip code.
- Make, body style, model, age and an estimate of your mileage.
Immediately after applying, you should receive a call from one of our loan representatives. He or she will provide you with a loan estimate, so you will know the size of your loan amount upfront. You aren’t under any obligation to continue with loan process until you sign a contract.
If you wish to proceed with the loan, you’ll work closely with your rep to discuss qualifying income and the best payment plan to meet your financial needs. We encourage you to ask questions and learn how title loans in Appleton are processed.
After the loan details are all worked out, you’ll be asked to read and sign a binding contract. During the closing process, you’ll also be required to turn over the title to your auto. You keep the keys to your car and are free to continue driving it as you normally would.
Auto titles are returned to automobile owners immediately after the final loan payment is made. Just make sure you always meet the minimum payment amount and pay on time.
To get title loans in Green Bay, you will be required to sign a contract. Contracts help to protect both the lender and the borrowers. They must be written according to Wisconsin state regulations. Regulations help to ensure that borrowers know and understand the terms of the loan. By reading the terms listed in the contract, it may also bring up important questions that you hadn’t considered. So be sure to ask questions if anything is unclear or confusing.
You can expect to find the interest rate on the loan, the total cost of the loan and any fees associated with the loan. You’ll also see the minimum payment amounts listed, and it should include a payment schedule for you to follow.
As you can see, there are a number of great benefits for title loans in Appleton. If you need fast cash now, fill out a free application with Midwest Title Lender today.