Frequently Asked Questions
What is a title loan?
A car title loan is a fast, easy loan that uses your car title as collateral. As long as your car is paid off and your title is lien free, you can sign over your pink slip to the lender and get the money that you want. Not to worry, you still get to keep your car for the duration of the loan. Car title loans are often called instant loans because you can potentially receive your fast cash on the same day that you apply for the loan! Then, when you pay back your loan, you get your title back.
How do I get started
You can start by filling out our application. Once you submit it, you will receive a text message showing your pre-approval amount. Then, one of our customer service employees will call you and connect you with the lender most convenient for you!
What if I have bad credit or have filed bankruptcy?
Don't worry about your credit history! Illinois Title Loans does not do any type of credit check. Therefore, whether you have good credit, bad credit, no credit, or even a bankruptcy on file, you're equally eligible for a car title loan in Illinois.
Will I still be able to drive my car during the loan process?
Yes! When you get an auto title loan, you're signing over your pink slip as collateral. Your car remains in your possession.
Can I pay off my loan sooner?
Yes. You can pay your loan ahead of schedule without any fees or penalties.
How does getting an auto title loan work?
- Sign-up for the form and obtain your pre-approval amount.
- Talk to our customer service team to select the best loan options.
- Get your money!
What if I want a loan for less than the minimum?
If the minimum amount is too much for you then you still borrow the minimum, but immediately repay the amount that you don't want. Therefore, you won't accrue interest on the money that you don't need. It is this exact reason that our loans our so great, so if you are in need of cash don't hesitate to apply.