As debt goes, loans don’t have the best reputation. They’re often presented as risky because many traditional loans make you jump through so many hoops. And then once you hand them everything they need, it could be days or even weeks until you hear if you qualify.

This is where title loans differ. These are short-term loans that you receive when you use your vehicle’s title as collateral. You won’t have to jump through crazy hoops just to learn if you were approved; you will find out the very same day you apply.

Illinois Title Loans, Inc., specifically, offers a bunch of benefits to those who decide to take out title loans. Here are 5 top reasons to get an Illinois title loan.

1. Getting A Title Loan In Illinois Is Fast

The one thing to remember about title loans is that most people don’t – or at least shouldn’t – get them because they’re short on fun money. They get them because they have been hit by a financial emergency and they don’t have any other way to solve it.

Title loans are fast – on average the entire approval process takes between 30 and 45 minutes and you get the cash the very same day.

If you need to get a plumber to fix your sewage system, a locksmith to repair your lock, or take a car to a mechanic – and have no money, then a title loan can help you solve that problem immediately, without it getting exacerbated and costing you even more down the line.

2. Auto Title Loans Are As Accessible As Can Be

Most financial institutions will do a thorough check on your financial situation if you try to apply for a loan. Our loan representatives at Illinois Title Loans Inc., on the other hand, will do their best to accommodate your needs.

As long as you meet our qualifications – like being at least 18 years of age – the loan representative will work with you to figure out the best way to approach your loan. We try to make it as simple as possible for you to find out how much you qualify for and if you qualify quickly.

We will also not let your credit scores hold you back – so you can apply and get approved even if your credit score is bad or nonexistent.

3. The Loan Won’t Influence Your Credit Score

And while we’re on the subject of credit scores – many potential borrowers seem to think taking out a title loan will negatively impact their credit score – but even that is not the truth.

This fear is somewhat understandable. Since many financial institutions and banks put so much emphasis on credit for more traditional loans, it’s not completely illogical to think that vehicle title loans will put that same emphasis on your credit rating – thus bringing it down if you get one.

You don’t have to worry about this though. We will not report to credit agencies if you happen to default on your loan. So you do not have to worry about your credit going down if you happen to not stick to the repayment plan, but we highly recommend you do stick to it or come talk to us if you cannot.

4. You Don’t Need To Go Through Hoops

Applying for loans at more traditional financial institutions, like a bank, means you have to jump through numerous hoops before you even get to the money borrowing part.

You will likely need to provide the bank with multiple documents, wait for those documents to be checked and re-checked by the loan officer, and wait for their response. Sometimes you may even need to send them a bunch of additional documents and then wait again for the loan application to be processed. All of this might takes days or even weeks

All you need to bring to one of our auto title loan locations during the application process are your car for inspection to determine how much money you qualify for, your car’s lien-free title in your name, and your valid government-issued ID to prove you’re of legal age – at least 18 years old.

You won’t be asked for any additional documents and you will learn if you qualify within at least 30 minutes. And if you are approved, you will receive the cash the very same day.

5. The Application Process Is Simple And Straightforward

You don’t need to go to the store and wait in line to apply for the title loan. You can simply go to our website and start by filling out the online form.

You will be contacted by a loan representative who’ll set up a meeting with you at a title loans near me. You will bring your car and the documents to the meeting so that the store representative can assess them and determine if you qualify for the loan. If you do – you’ll receive the title cash the very same day.

When it comes to loans, you don’t have to be afraid of all of them. Our short-term Illinois title loans can really help you out when you need it the most. Any one of these five reasons is valid for you to check out title loans today.