Car Title Loans In Wisconsin - How They Work

A car title loan is an option if you ever need to borrow fast cash. These loans allow you to tap into the equity from your vehicle, and that collateral is the security for your loan. Anyone who qualifies can use that collateral as security for a loan of $2,000 or more. There are few requirements besides your vehicle's title to qualify with Car Title Loans 123, and you likely won't even need a credit check!

Getting a title loan in Wisconsin with Car Title Loans 123 has never been more convenient. Most vehicles valued at $5,000 or more can qualify as collateral. Apply online or call 844-567-5011 to borrow cash today!

Requirements For Auto Title Loans In Wisconsin

- A valid driver's license or WI state ID

- A lien free car title

- Proof that your vehicle is registered with the Wisconsin DMV

- Proof of residency in Wisconsin

- Proof of income (a recent pay stub, for example)

- The Vehicle Identification Number (VIN) for the car or truck used as collateral.

What About If I Have Bad Credit - Can I Still Qualify For A Title Loan In Wisconsin?

Lenders in Wisconsin know that anyone applying for an auto title loan has likely been turned down for other unsecured loan offers. They may still run a quick credit check, but a history of missed payments or recent loan defaults won't lead to an immediate rejection. Bad credit loans are currently being underwritten for those who qualify. While the interest rate is high, your chances of getting approved are much higher.

Loan Amounts & Rates With Wisconsin Title Loans

Your vehicle's value determines the loan amount, and some companies fund loans of 40 - 70% of the vehicle's current resale value. Car Title Loans 123 offers access to funding up to $15,000, one of the highest limits in the state. As of 2024, the average loan amount is $3,000 and customers can expect an APR of 50% to 125%. Of course, you can avoid excessive interest rates by repaying the loan as quickly as possible.

Some areas of WI have higher resale values, and that amount will be reflected in the loan offer. For instance, we constantly see higher loan amounts in Milwaukee versus places like Kenosha, Madison, and Oshkosh.

Repayment Terms & Refinancing A Title Loan In WI

The repayment term depends on your funding amount and approximate interest rate. Car Title Loans 123 works with lenders that offer payment terms from 12 to 36 months, with the option to repay your loan early with no penalties.

You can choose the repayment term for your budget and timeline to repay the loan. A lender first sets this repayment schedule, but that doesn't mean you can't negotiate a better payoff for both parties. Only borrow an amount that you can pay off with no trouble.

Are you interested in learning more about refinancing a title loan you got from another lender in Wisconsin? If the interest rate on that loan is over 50%, you can save a lot of money in interest and pay off that debt more quickly with a title loan refinance.  Car Title Loans 123 offers access to refinancing on all types of title loans and there's a chance your interest rate can be reduced to 30%. Not only can you get a quicker repayment term by refinancing, but some companies can help you avoid a default by buying out a title loan from another lender. That means you can get a second chance loan with new repayment terms, but most importantly, avoid a costly vehicle repossession! Contact Car Title Loans 123 to learn more about how we can help improve your payment terms with a title loan refinance in Wisconsin.

Apply For Wisconsin Title Loans With Car Title Loans 123

If you apply over the phone, you'll have an instant decision and can receive your money in person at a store, but you may not get the best interest rate. Look for a company that offers titles with no pre-payment penalty. Start with Car Title Loans 123 online, and we'll match you with a local lender!

Apply for a car title loan online or call 844-567-5011 to get a great rate on a title loan in WI!