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.