One of the hardest parts of looking for the right title loan when your credit is less than ideal is finding an alternative loan that doesn’t rely solely on credit.
Fortunately, with alternative loan options like ChoiceCash Title Loans serviced by LoanMart, the search process for loan approval in Springfield, Illinois, becomes much easier.
What is a ChoiceCash Title Loan in Illinois?
A ChoiceCash Title Loan is a loan that is secured through collateral in the form of your vehicle’s title. Your vehicle’s title will be returned once the title loan is paid in full, and one of the benefits of using ChoiceCash Title Loans is the ability to keep driving during the loan repayment process.
ChoiceCash Title Loan borrowers receive additional benefits upon approval, which include extended loan terms, flexible loan options, and potentially lower interest rates than other alternative loan options in Springfield, Illinois. Another benefit is the fast approval process of the loan1. Some residents in Springfield were approved in less than thirty minutes!
Does a ChoiceCash Title Loan Require a Credit Check for Approval in Springfield, Illinois?
Unlike traditional bank loans, with ChoiceCash Title Loans, credit does not always matter in the approval process1. As a result of using the vehicle title as collateral, there are certain benefits for those who may not be confident with their current credit situation.
Different than traditional bank loans that typically rely solely on credit for approval, ChoiceCash Title Loans have flexible eligibility requirements1.
While a credit check is mandatory for any lending conducted in Illinois, know that ChoiceCash Title Loans focuses heavily on your vehicle’s equity and your ability to repay–not just your financial history1.
How Can I Qualify for a ChoiceCash Title Loan in Springfield, Illinois?
When you are not confident in your credit, the title loan approval process can seem uncertain. Fortunately for residents in Springfield, Illinois, credit is not the most important factor in the approval process1.
The initial requirements of a ChoiceCash Title Loan are:
- Be 18 years of age or older
- Own a vehicle in your name
- Have a steady income
With these initial requirements met, there are a few additional documents required during the approval process. When applying for a ChoiceCash Title Loan, there a few documents you should have ready.
- A valid government issued photo ID (state ID, driver’s license, or passport)
- Proof of income (bank statement, paystub, checking account statement, etc.)
- Proof of residency (utility bill, lease agreement, etc.)
- Qualifying title to your vehicle in your name
One of the benefits of applying through ChoiceCash Title Loans is the ability to apply anytime through your smartphone, tablet, or computer! With these documents on hand, you may be well on your way to the next steps in the approval process with ChoiceCash Title Loans1.
A vehicle inspection will need to be done as well and can be done online! The inspection will require clear photos of the vehicle from every angle, and details on the make, model, year, and current mileage.
Why Choose ChoiceCash Title Loans in Springfield, Illinois?
If you’re looking for a title loan that can offer flexible loan options and a speedy approval process, ChoiceCash Title Loans could potentially be the best option available to you in Springfield, Illinois.
Choosing ChoiceCash Title Loans for your title loan needs can potentially help your financial situation and get you the cash you need fast1.
What sets ChoiceCash Title Loans apart from other loan options is the convenience of the inquiry process. You may apply online and receive flexible loan options in almost no time at all1!
Credit Does Not Always Matter
While other traditional forms of funding may rely on credit to secure your loan, choosing ChoiceCash Title Loans means receiving flexible eligibility requirements1.
Lower Interest Rates3
As a result of using your vehicle’s title as collateral to secure the loan, the interest rates start and stay competitive throughout the repayment process.
More Time to Pay
With ChoiceCash Title Loans, you could take your time repaying the loan. ChoiceCash Title Loans offers borrowers up to three years for repayment3! But if you prefer, you could pay the loan off early without pre-payment penalties!
Monthly Payments Can Start Low and Get Lower
Choosing ChoiceCash Title Loans for funding can mean receiving low monthly payments that could possibly get lower throughout the repayment process2. By the time you make your final loan payment, you could potentially be paying half of your first payment!
Apply for a ChoiceCash Title Loan in Springfield, Illinois
Through ChoiceCash Title Loans you could get the emergency cash you need without all the hassle of a traditional bank loan. If you’re looking to get the finances you need, ChoiceCash Title Loans may be able to help1.
Apply online at any time through the ChoiceCash Title Loan website or call customer service at (888) 742-7153.