Get Money for Your Car Without Selling it With Title Loans
August 12, 2020 | Emma Frost
Have you ever wondered how you can make extra money using your car? If you've taken your search for different ideas online, you've probably come across some options such as driving for a service or placing advertisements on the exterior of your car. While these are certainly viable options, they won’t help you much if you already have a job and have no time to pick up a second one, which won’t help you if you find yourself in need of extra money. If you’re really in a bind, you may have considered selling your car to pay for any unexpected expenses that have popped up in your budget.
Instead of selling your car as a last-resort method for obtaining money, there is an option, called title loans, that will give you access to money and allow you to keep and operate your car. Before you decide on any loan, regardless of loan type, you should first understand what a title loan is and how it can help you if you find yourself searching for title loans Springfield. We'll answer all of your questions about title loans and tell you how to apply for one.
What are Title Loans?
Title loans are a short-term loan option type that requires you to offer your vehicle as collateral to secure funding. It’s an option that specializes in getting you money as quickly as possible, with a short application process and an even shorter deliberation process. Once you submit your application, you can receive the funds on the same day, often in just a handful of hours.
Title loans are much easier to qualify for than more traditional loan options, which are based on your credit score and your financial history. Instead of focusing on old news, we focus on your need for money and the asset that you offer up for collateral. We don’t consider your credit score when determining your eligibility. Your eligibility is determined by the state and condition of your car, which will be inspected during the application process by a friendly representative of Illinois Title Loans, Inc.
What Requirements Do You Need to Supply to Qualify?
Applying for a title loan is easier now than ever before thanks to the application process that can be begun online from the comfort of your own home, either from your phone or your computer. Once you submit the information, a representative will contact you to set up a meeting at the time and day of your choice. During the meeting, you'll be asked to supply some information such as:
- A vehicle
- A lien-free title to your vehicle
- Your driver’s license or state-issued I.D.
- Your vehicle for inspection
During the inspection, the representative will look at the year, the model, and the condition of your car. Because title loans function by using your vehicle as collateral, the inspection will determine how much money you’ll receive on your loan, with a maximum being $4,000!You also won’t have to relinquish the use of your car for the duration of your title loan. You can keep and operate it as you normally would, which is ideal when you want to avoid selling your car but need extra money.
How You Can Find a Title Loan Lender Near You
When it comes to picking your loan provider, you want to do business with a reliable, credible, and hassle-free company like Illinois Title Loans, Inc. We’ve finetuned the title loan application, deliberation, and approval process to help anyone who needs access to emergency funds quickly, regardless of financial history. We make sure you’re completely comfortable with the process by giving you plenty of opportunities to ask any questions or voice any concerns. Instead of searching for title loans near you, start your application process on the Illinois Title Loans, Inc. website, and be matched with the location that’s nearest to you.
When the need for extra cash arises, don’t think about selling your car to raise your emergency money. Turn to title loans in Springfield, Illinois to give you the support you need to handle your financial situation.