Title Loans Elmhurst
Frequently Asked Questions

What makes an auto title loan so special?

Auto title loans are short-term personal loans that use the equity of your vehicle to determine the amount of money we can loan. They’re quite similar to home equity loans, but instead of your house, Title Loans Elmhurst uses your car to get you your loan.

What will I need to have so I can get my title loan?

• A Valid and Up to Date Illinois Driver’s License or State Issued ID
  
• Proof that You Earn at Least $1,500 Each Month
  
• The Original, Clean Title to the Vehicle
  
• References
  
• Auto Insurance

How much money can I borrow from Title Loans Elmhurst?

You’ll be able to get between $1,500 and $4,000 for your title loan, all depending on how much your car is worth.

What if I still have some payments left to make on the car?

Make sure to go over this with our loan agents, because with newer cars we will be able to factor the remaining car payments into the title loan, just as long as less than 6 payments remain.

Can I get a title loan on each of my cars if I have more than one car?

Title Loans Elmhurst is limited by state law to only be able to approve one title loan for each household, so only one title loan per person at a time.

What will happen to my car when I get the loan?

You get to keep it! We won’t hold it in a garage or parking lot while you pay the loan back. We will hold the car title and become the lien holder on your vehicle, but you will get full use from your car while you have the loan.

Is it alright if I have bad credit because I just can’t get a loan anywhere else?

Most of our customers come to us with horrible credit scores because they have nowhere else to turn to. We reach out to people with bad credit problems and histories and welcome them to apply for a title loan. We can even help you if you have filed for bankruptcies before. When other companies reject you, we will welcome you with open arms.

I don’t have a job right now, will that be a problem?

You can still get a title loan no matter what your job situation is, just as long as you can prove to us that you have $1,500 coming in each month to pay the payments on the title loan before we approve you. So you can be between jobs, retired, be self-employed, or collecting disabilities and still get approved.

Do I need a bank account at a major bank to get my loan?

Only if you are self-employed. You’ll need a bank account if that’s the case, but otherwise we do not require you to have a checking, savings, or any other account at a bank to get approved.

Llámenos a 888-700-7505 si tiene alguna pregunta.