If you’re a resident of Skokie, Illinois, and you’re wondering if you’re still able to get the cash that you need with a bankruptcy record, know that there may be options. An affordable and convenient title loan serviced by LoanMart may be an option to consider1.
What is a Title Loan Serviced by LoanMart in Illinois?
A title loan serviced by LoanMart is a loan that is secured using your vehicle title as collateral1. After the loan has been paid back in full, the vehicle title will be returned to you. One of the benefits of choosing title loans serviced by LoanMart is the ability to keep driving your vehicle as you make your scheduled monthly payments.
As a result of using collateral to secure the loan, title loans serviced by LoanMart can operate and function slightly differently than a traditional bank loan. Title loans serviced by LoanMart are potentially faster to get and can be more flexible when it comes to loan terms, interest rates, and monthly payments1! Some residents in Skokie were approved in less than thirty minutes1!
Can I Still Apply for a Title Loan If I Have Declared Bankruptcy in My Past?
If you’re a resident of Skokie, Illinois, and have declared bankruptcy before, but you are still in need of some fast cash, there may still be loan options available.
Title loans serviced by LoanMart rely on collateral, and not necessarily your credit during the loan approval process. As a result of using your vehicle’s title as collateral, title loans serviced by LoanMart may offer better terms1. Unlike other options, such as a pawn loan, you can still drive your car while making the scheduled monthly payments!
This is one of the many benefits of choosing a personalized loan option.
How Can I Qualify for a Title Loan in Skokie, Illinois?
In order to qualify for a title loan serviced by LoanMart in Skokie, Illinois, there are a few initial requirements.
To qualify, you will need to:
- Be 18 years of age or older
- Own a qualifying vehicle in your name
- Have a steady and consistent income
With these initial requirements met, you’re well on your way to gaining title loan approval1. The next step in the approval process is to provide a few requested documents. One of the great advantages of choosing title loans serviced by LoanMart is the ability to apply right from your smartphone.
Residents of Skokie, Illinois that have declared bankruptcy in the past may require a few additional documents when applying for a title loan serviced by LoanMart.
Documents for a title loan will vary from state to state, but generally, Illinois residents will need:
- A valid government or state-issued photo ID
- Proof of income (a bank statement, pay stub, checking account statement, etc.)
- Proof of residency (utility bill, recent mail to your address, etc.)
- Qualifying title to your vehicle with your name on it
With these documents handy, there’s one last step in the approval process, the vehicle inspection. Luckily with title loans serviced by LoanMart, borrowers don’t have to schedule an appointment for an in-person vehicle inspection. The vehicle inspection can be done using your smartphone!
A vehicle inspection is necessary because the title loan amount is largely based on the actual value of your vehicle. Using your smartphone, you can take pictures of the car and send them to a loan agent.
Title loans serviced by LoanMart offer some of the most flexible and easy qualification requirements for residents in Illinois1. Even if you have declared bankruptcy in the past, title loans serviced by LoanMart may still be able to help you in Skokie1.
Why Choose Title Loans Serviced by LoanMart in Skokie, Illinois?
If you’re a resident of Skokie, Illinois, and looking for a loan that you can apply for despite having declared bankruptcy before, title loans serviced by LoanMart may be able to help1. When choosing title loans serviced by LoanMart, there are certain advantages available to you that may not be available during the approval process for a traditional bank loan.
- Apply Online: Instead of waiting for hours in line at the bank, utilize the easy online approval process on your smartphone!
- Keep Driving: Even though title loans serviced by LoanMart hold onto your car title as collateral for the loan, you are still able to keep driving as you make the scheduled monthly payments.
- More Time to Pay: Title loans serviced by LoanMart offer extended loan terms, which can give you more time to repay. Most other loan options only offer borrowers up to one year for repayment.
- Payments are Low: When qualifying for a title loan serviced by LoanMart, your monthly payments are low.
Get the Funding You Need in Skokie, Illinois
If you’re looking to get the fast cash that you need with bankruptcy in your past, title loans serviced by LoanMart could potentially get you the financial help that you need1.
Don’t wait to get your fast cash in Skokie Illinois. Apply online or contact customer service.