How to Get an Emergency Loan with Your Car Title 

March 3, 2021 | Louis Tully

Man knows how to get an emergency loan

Are you looking for a quick cash solution to your unexpected financial woes? Then this article might be just what you need, as here, you will find how to get an emergency loan on the same day without any hassles, long waiting periods, or piles of paperwork.

In critical times of emergency attacks, it might be a good idea to take out a short-term loan, like a car title loan that lets you deal with serious unexpected situations requiring immediate action. And if you are a resident of Illinois, you can implement this plan by resorting to Illinois Title Loans, Inc. financial services.

Illinois Title Loans, Inc. strives at making the process as quick and painless as possible, with multiple loan options and flexible repayment plans to keep your life simple.

What Is a Car Title Loan?

A car title loan is a form of secured loan that uses your vehicle title as collateral to provide you with major funds. In Illinois, for example, borrowers can get as much as $4,000 on the spot if they qualify. Even better is that qualifying for this type of financing is fast and easy, with fewer requirements in contrast to traditional bank loans.

NOTE: This type of funding doesn't require high credit scores to qualify either.

5 Good Reasons You Might Need Emergency Money

The reasons why people want to know how to get an emergency loan are numerous. Some seek ways to cover urgent medical expenses, others need to pay for travels that can’t be cancelled, while their monthly budget has been exhausted. To know how to use your loan resources wisely, let’s consider the major reasons for taking out an emergency loan in detail:

  1. Loss of Income - You lose your job or get laid off, but your bills don't stop coming in, and you don't want to watch your credit take a dive as a result.
  2. Unexpected Expenses - You need dental work done, and your insurance doesn't cover it, so they require upfront payments and can't make the pain stop until you find the cash.
  3. Accidents or Illnesses - You're laid up because of an injury or illness and can't make money like you used to, while medical services require bills to be paid.
  4. Unplanned Trips - You need to travel (let’s say for a wedding or funeral), but bringing the whole family along means putting a big dent in your bank account which you simply can't afford.
  5. Home Repairs - Your house has taken on damage and needs to be repaired urgently, but you don't want to claim it on your insurance because it's not worth raising your monthly premium.

Knowing how to get an emergency loan requires being reasonable and insightful. That means you can't just assume that the banks will always have your back. Plus, traditional funding isn't always as flexible or forgiving to deal with life's ups and downs. That’s why it might be more rational to use alternatives to traditional bank loans, such as title loans when dealing with emergencies.

How to Get an Emergency Loan with Your Car Title in Illinois

It's not hard to get fast cash if you live in Illinois. That's because companies like Illinois Title Loans, Inc. make the entire process streamlined and hassle-free. You can start the process with just a few clicks from the comfort of your own home. Here's how to get an emergency loan online:

1. Fill out an Inquiry Form Online.

The first step in getting started with Illinois Title Loans, Inc. is filling out a 3-minute online form located on the top left of our website. You'll receive a call from our representative within a few minutes.

He/she will tell you what the process looks like and give you instructions on what to do next, where to go, and what to bring with you. Use this time to ask important questions and receive the answers you need to make an informed financial decision.

applying for car title loan

2. Meet with Your Loan Representative.

If you do decide to proceed further, your next step would be to gather the required items and head over to one of our store locations. A verification agent will then review your documents and inspect your car to determine the amount you qualify for. After that, you'll have to sign some paperwork on the spot and finish the process to get fast cash in your bank account overnight.

Meanwhile, these are the things you'll need to qualify:

  • A government-issued form of identification such as a driver's license or photo ID (this proves that you’re at least 18 years of age or older)
  • Your vehicle for inspection
  • The hard copy of your lien-free car title

You might also be asked for banking information in case you want money to be deposited to your bank account directly instead of getting cash. So, make sure to have your routing digits written down somewhere or bring along a blank check from an open checking account in your name to save some time.

3. Receive Your Money and Pay the Bills.

This is the most rewarding part of the process, as it means you've saved your time and efforts, yet still got the cash you needed so bad. You can now use your funds for paying rent, fixing the house, covering basic living expenses, or vital travel. Knowing how to get an emergency loan makes you more resilient when bad things happen.

Get a Car Title Loan in Illinois Today!

Life can be hard, and it's surely unpredictable. So, learn how to get an emergency loan today - and you’re sure to come up with a quick solution to your financial hiccups tomorrow.

And if you do need your emergency cash today, don’t hesitate to come to Illinois Title Loans for help!