Working with Titlelo will fast-track you to a lender with the loan that works best for you. Most Kansas title loan lenders will provide options to make payments online or by phone, and some lenders will have a physical location. Even without a bank account, you can still pay some lenders with a money transfer (i.e., Western Union or Moneygram).
Want to make early payments? Great! We can also make sure we get you paired with a lender that does not charge prepayment fees.
Since you do not have to commit to a title lender before receiving a quote, you can consider your options and use Titlelo's experts for guidance. A lender with a competitive rate may not offer the flexibility you need, but starting the process over can be daunting. Titlelo compares lenders, rates, and payment options upfront so you can work with a company that lets you pay how you want.
The purpose of a title loan is to get the cash you need right away. Titlelo offers a streamlined web service that gives you access to pre-approval from any device at any time. As long as you have an internet connection, you can access our site to receive a custom match with a lender. Simply fill out the online form and submit for instant pre-qualification.
If you don't have access to the internet, don't worry! Just give us a call (855-341-4500), and we will process everything over the phone. In just minutes, we will have you pre-approved and matched to a reputable lender near Kansas. The lender will complete an inspection of your vehicle to finalize the amount of your loan and process it for final approval.
Unless you receive your funds via direct deposit, there will be no reason to process your bank account information. It is not required to process your loan, and we respect that you may not want to share this information. Titlelo protects customer data, but the safest place for it is to remain with you.
To apply, you will need to provide only basic information about yourself and your vehicle to Titlelo. There may be more documentation required by the lender to process the loan and disburse funds, including a valid government-issued ID, the title to the vehicle, and proof of income. Some lenders will request proof of address, proof of registration, or proof of insurance (but not always).
If you have researched title loans before, you know there can be strict requirements for the vehicle: mileage, equity, and age. Many lenders will not consider a car that is more than ten years old, but cars retain value for most of their lives. Titlelo works hard to select quality lenders near Kansas that have different requirements and loan processes for this very reason. Even if you have an older model, we can still match you with a lender that offers competitive rates without disqualifying your vehicle for age.
Lenders in Illinois may also require additional documentation, such as the title of the vehicle, proof of registration and proof of insurance (but not always). The loan amount will be based on the actual value of the car as determined by the lender's inspection.
Receiving a title loan from Titlelo is simple and fast, but we want to go at your pace. If you have any questions about short-term loans, the loan process, lender requirements, or simply want to share your experience, please call us.
We provide a personalized service to match consumers with the right lender based on their situation and preferences. Rather than attempting to fit the requirements of a lender, we find a lender that fits your needs. Before you apply for a loan directly, allow us to compare lenders for you and narrow your list down to a select few. Not only will you receive the best rates, but you will have an advocate to ensure you receive a loan from a trustworthy company.
Under the Illinois title loans law, the amount of money a borrower can finance is capped at $4000. However, there’s no guarantee that a creditor will loan the maximum amount. The sum of money the borrower can ask for depends on different variables. These include the borrower’s income, the value of the car, the requested amount of the loan, and the terms of the loan.
The monthly payment on a title loan can’t go over 50% of the borrower’s gross monthly income. The borrower can pay off the loan earlier than the due date to avoid incurring additional interest charges. When the balance is paid off, the lender is required to release liens and return the title within 24 hours. If the last payment is a check, the lender can wait for the check to be cleared for up to five business days.
All borrowers in Kansas, IL must have a physical copy of the title of the vehicle to take out a loan. The borrower must also present personal details like full legal name, contact number, and current address, as well as vehicle information like its make, model, and mileage. The lender will also need the borrower to present a check stub from an employer or any proof to verify the latter’s income.
Before repossession, the borrower has the chance to catch up on missed payments or pay off the unpaid balance. Catching up on payments is only possible if 30% of the original loan balance has already been paid off.
Under certain situations, the borrower has the option to refinance the title loan. The borrower needs to have paid at least 20% of the original loan amount for the refinance to take place. The lender has the right to upsurge the interest rate for the new loan. Additional fees may also appear on the new loan agreement.
If the borrower is unable to repay the title loan according to the terms of the agreement, the lender could take away the vehicle. Repossession also happens when the borrower violates the terms of the loan agreement. The lender may sell the car and get the unpaid loan balance from the sale of the car.
The lender has the right to take out any reasonable fees related to the repossessing of the vehicle. What’s left of the sale money will be given to the borrower. If the amount of the car is insufficient to cover the outstanding balance, the lender can sue the borrower for the unpaid balance of the loan.
The lender is required to inform the borrower that the vehicle is about to be repossessed. This provides the borrower time to clean out all personal belongings inside the vehicle.