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People who need emergency cash may find it challenging to locate anyone who will lend them the money that they need.
Often, traditional lending institutions take several days or even weeks to process a loan. Read More
People who need emergency cash may find it challenging to locate anyone who will lend them the money that they need. Often, traditional lending institutions take several days or even weeks to process a loan. When you need cash fast, Illinois auto title loans from 1-800LoanMart are just what you are looking for.
In April of 2009, there were several regulations that went into effect for car title loans in Illinois. In a nutshell, they include:
• There is a $4,000 upper borrowing limit.
• No payback arrangements may be made that include a balloon payment. The Illinois auto title loans should have a monthly payment plan.
• Monthly payments on auto title loans in Illinois may not exceed 50 percent of the gross income that the customer receives monthly.
• The Illinois title loans must be paid down by 20% or more before the customer may refinance the loan.
• The state maintains a database of auto title loans in Illinois
• Companies providing Illinois title loans must provide consumers with pamphlets that outline the rights and responsibilities of the debtor - the pamphlets are created by the Illinois Department of Financial and Professional Regulation
There are a number of benefits one receives with car title loans in Illinois. First, you can get your cash fast. It often takes only an hour and usually takes less than one day to get your money. Next, even if you have bad credit you can get a loan because it is based on the value of the car, not your credit score. Another benefit is that you can use the money for any reason, no questions asked. In addition, the application process is easy and customer service representatives are available to help you and answer your questions.
If you have a fast need for cash and don't think another financial institution can get you the money you need when you need it, contact 1-800LoanMart today and start the application process.
When you are thinking about taking out an auto title loan for any reason, 1-800LoanMart
is the industry leader you are looking for. Read More
When you are thinking about taking out an auto title loan for any reason, 1-800LoanMart is the industry leader you are looking for. If you own your car free and clear and need to borrow money, you can use your car as collateral for a car title loan. Your credit history does not figure into this loan because it is based solely on the value of your car.
At 1-800LoanMart we can fund the majority of loan requests we receive because the value of the car is the security. We currently offer our services in several states, including California, Arizona, New Mexico, Utah, Missouri, and Illinois. We follow all state regulations for title loans and make it easy for you to get the financial assistance you are looking for. The best thing is that you not only are able to borrow up to 85% of the value of your car to get the money you need but you also get to keep and drive the car you used for the auto title loan.
Customer service is important in every kind of business and this is why 1-800LoanMart has built an excellent reputation for service of the highest quality. Our employees are dedicated to making your loan experience a good one. Whatever the reason for your car title loan, 1-800LoanMart is here to provide the services you need.
Contact 1-800LoanMart today for more information on title loans.