Title Loans Kenosha
Kenosha is a beautiful city that sits on the southwestern portion of Lake Michigan in the state of Wisconsin. The city is home to nearly 100,000 people. While in the city, you can visit museums, relax in the park, golf, ride bikes, or sunbathe on the shores of the lake. It is a city full of excitement and fun. The citizens of Kenosha are not without struggles. Many people each day find themselves in a situation where they need money quickly. Their credit score is not high enough to obtain a loan or other type of credit, so they do not know where to turn. If you are at a low point financially and need some extra cash, title loans Kenosha might be the answer you are searching for.
Title loans Kenosha is a type of loan that offers you access to money in your bank account within hours. You use the title to your car to secure the money you need. You can get a loan for your car, motorcycle, or boat. This is a fast and simple way for you to get money. Your vehicle is used as collateral to secure the loan. The requirements are minimal. You just need to own your car and have the title to it. The title needs to be free from any liens. With title loans Kenosha, the amount you can borrow will depend on the value of your vehicle. These are normally meant to be short-term loans, but payment plans can be arranged.
Applying for Title Loans Kenosha
One of the best things about title loans in Wisconsin is that the application process just takes minutes. You just go to the website and complete a simple application. The form with ask you for several bits of information. You will need to state your name, phone number, and zip code. An email address might also be helpful. You will also need to know some information about your vehicle. You will be asked to enter the make and model, as well as the mileage and year. It is also a good idea to know the VIN number of the car. After everything is filled out, you can submit the application. At your earliest convenience, one of our friendly Midwest Title Lender employees will give you a call to go over your application and review your information. When you have time, you can then bring your vehicle into our office for us to look at the car and inspect it. You will then be presented with the money, and you can use it on whatever you wish. Your personal information is safe and secure with Midwest Title Lender. We will work with you to come up with flexible terms that you can afford. We will do everything we can to make sure you have a pleasant experience with Midwest Title Lender.
Legal Regulations for Title Loans Kenosha
The state of Wisconsin has numerous laws in place to protect you from unfair lending violations. Some of these laws include:
- Lenders must be licensed in the state
- Title loans must be less than 25,000
- Loans cannot be more than 50% of the retail value of the vehicle
- The state has no interest cap on loans
- If, on the maturity date, the loan is not paid in full, the interest rate a lender may charge cannot be more than 2.75 percent each month
- If a borrower changes his mind about the loan, he can cancel the loan any time before the close of the next business day
- Lenders may not ask for a key to the vehicle
- If a lender wishes to take possession of a vehicle, he must give the owner notice 20 days in advance
- If the lender sells the vehicle, any proceeds must be given to the borrow after the lender takes what is owed to them
Advantages of Title Loans
Title loans Kenosha offers numerous advantages to borrowers:
- Fast money: you can have the money the same day
- No credit check: bad credit will not prevent you from obtaining a title loan
- Minimal income requirements: you just need to have some form of income
- You get to keep driving the car: we will never take the keys. You can keep driving the car while you are paying on the loan
- Simple application process: applying just takes minutes, so it will not take up a lot of your time
Car title loans have the capability to get you out of a financial bind. If you have your car title and need some extra money, consider title loans Kenosha. We offer competitive rates and will work with you. In fact, we can give you a title loan estimate, so you will know how much you are paying on the loan. Taking possession of your car is the last thing that we want. Our staff is friendly and accommodating. You can then get financial relief and enjoy the sights and sounds of Kenosha.