Allow our experts at Max Cash Title Loans to help you get the money you need in Janesville quickly! 1 2 Coupled with our skilled experts and lending partners, finding funding is a breeze! To find out if you’re eligible for an auto title loan simply give us a call at (855) 561-5626 or fill out our quick and easy online title loan application!
How Does an Auto Title Loan Work in Janesville, Wisconsin?
Car title loans are secured loans that place a lien on your vehicle’s title. The amount of money you receive is based on the overall value of your vehicle as well as your ability to pay the loan back. The best part is, not only do you receive the funds you need from the loan, but you also get to use your vehicle as you normally would.
Why Do I Need an Auto Title Loan in Janesville, Wisconsin?
Life happens. Sometimes unexpected expenses arise and you need the simplest option to get the funds you need as quickly as possible.
Some reasons people may have to seek out an auto title loan are unexpected home repairs, medical emergencies, or sudden inflated bills. Maybe you can partially afford to pay some of these things, but the auto title loan can help give you a chunk of cash at once that you can pay off at a more reasonable rate.
What Do Lenders Need from Me for an Auto Title Loan in Janesville, Wisconsin?
The lender will ask to see a few documents and items from you to help assess how much they can offer you. Some of this information you will already know, but there may be a few things you won’t. Here’s what you may need to have on hand:
- Government Issued Photo ID (e.g. a driver’s license)
- Proof of Income
- Current Vehicle Insurance (not always a requirement)
- Car Title (with your name on it)
- A Few References (personal or professional, just of no relation)
- Proof of Residence
- Photos of Your Vehicle (include all 4 sides of the vehicle, VIN and odometer)
- Social Security Card or Document with Name and Social Security Number
What Information Do Lenders Need to Know About My Vehicle for Auto Title Loans in Janesville, Wisconsin?
Lenders will look at what is referred to as standard and enhanced information about your vehicle. Standard information means your vehicle’s make, model, mileage, and year. While, enhanced information refers to the edition and condition of your vehicle, the engine size, the vehicle’s color, and special options that may have been installed at the time of purchase. Examples of this are leather interior, a sunroof, and things of that nature.
How Do I Apply for an Auto Title Loan in Janesville, Wisconsin?
The first thing you’ll want to do is fill out an online application and upload a few simple documents. Your lender may request a full application if it looks like you are a strong candidate for an auto title loan.
Upon the approval of your auto title loan, you will be given a quote for your loan amount. 1 2 It is then up to you if you accept the full amount, it is always recommended to take only the amount you need and are confident in paying back, or you can pass, all at no cost to you!
Unlike other financial services, a person’s credit score does not have much impact on approval. As these short-term loans are secured by the vehicle’s title, loan companies are more willing to work with people who have bad credit.
How Do Payments Work for Auto Title Loans in Janesville, Wisconsin?
Your lender will help you to set up a payment plan and determine a loan amount that is comfortable to pay back. 3 4
Many of the larger lending companies will have an online system that has a customer portal that allows you to make payments, keep an eye on your balance and keep track of how much money you still owe, similar to that of a bank.
Certain companies will ask that you make payments in person to ensure that you are still in possession of your vehicle.
When Do I Get My Title Back?
The lender holds onto your vehicle title as you repay your auto title loan. The lien that is placed on the title is lifted after your final loan repayment.
The lender will provide you with a release once this happens. You can either send this release to your Secretary of State so they may send you a fresh title that does not include the lender’s name or you may attach the release to your title to show that the title is yours once again.
Apply Today! 2
Have our experts at Max Cash Title Loan help you today! We are eagerly awaiting your call at (855) 561-5626 or you can apply for a title loan through our website. 2 We want to help you get the cash you need, and offer great payment plan options and competitive interest rates. 1 2 4 Get a hold of us today to start the process!
Disclaimer: Max Cash Title Loans services this area but this map does not represent an actual location