Title Loans in Concord, Illinois

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No title loan companies in Concord, IL. Consider companies in other cities:

Company nameAddressZip codePhone number
First Financial Bank 101 E Main St, Westville, IL 61883 +1 (217) 267 - 2147
Heights Finance Corporation 705 N Carbon St Suite A, Marion, IL 62959 +1 (618) 997 - 8788
Title Underwriters Agency 4908 Hononegah Rd, Roscoe, IL 61073 +1 (815) 623 - 3400
Cash Store 12547 IL-143 Ste B, Highland, IL 62249 +1 (618) 654 - 4133
CEFCU ATM 823 Woodlawn Rd, Lincoln, IL 62656 +1 (800) 542 - 3328
The Clay City Banking Co 915 Commerce Drive, Fairfield, IL 62837 +1 (618) 842 - 5130
Heartland Bank and Trust Company 2101 N Main St, Princeton, IL 61356 +1 (815) 876 - 1122
TitleMax Title Loans 3101 Grand Ave, Waukegan, IL 60085 +1 (847) 406 - 4420
Ameritas Investment Corporation 4617 N Prospect Rd 17, Peoria Heights, IL 61616 +1 (309) 682 - 3314
Farm Credit Illinois 1155 E 1500 North Rd, Taylorville, IL 62568 +1 (217) 824 - 3369

Title Loan Companies in Nearby Cities

If there are no title loan companies in Concord, IL, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Bolingbrook, IL, Car Title Loans in Buffalo Grove, IL, Title Loans in Calumet City, IL, Car Title Loans in Carol Stream, IL, Car Title Loans in Carpentersville, IL, Car Title Loans in Champaign, IL, Title Loans in Chicago, IL and Title Loans in Chicago Heights, IL. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Concord, IL.

Understanding Title Loans in Concord, Illinois

When you’re facing a financial emergency, a title loan may be able to help you get the cash you need quickly. In Illinois, title loans are a popular option for people who need a loan but have bad credit or can’t qualify for traditional bank loans. If you’re located in Concord, Illinois, here’s what you need to know about title loans.

What is a Title Loan?

A title loan is a type of secured loan that uses your vehicle as collateral. In other words, you borrow money and give the lender rights to your vehicle title until you’ve paid back the loan in full. In Illinois, title loans are legal and licensed by the Illinois Department of Financial and Professional Regulation.

How Do Title Loans Work in Concord, Illinois?

To apply for a title loan in Concord, Illinois, you’ll need to provide a few pieces of information. Here’s what you can expect when applying for a title loan:

  • You’ll need to be at least 18 years old and have a valid government-issued ID.
  • You’ll need to prove that you own your vehicle by providing the lender with your car title.
  • You’ll need to provide proof of income, such as pay stubs or bank statements.
  • You’ll need to provide proof of insurance and registration for your vehicle.

Once you’ve provided all the necessary information, the lender will assess the value of your vehicle to determine how much they are willing to lend you. In Concord, Illinois, title loan amounts are typically between $100 and $4,000, but this can vary depending on the lender and the value of your vehicle.

The Benefits of Title Loans in Concord, Illinois

If you’re considering a title loan in Concord, Illinois, there are several benefits to keep in mind:

  • Fast funding: Title loans can provide funding within one business day, making them a good option for those who need cash quickly.
  • No credit check: Unlike traditional bank loans, title loans don’t require a credit check, making them a good option for those with bad credit or no credit history.
  • Flexible repayment: Many title loan lenders offer flexible repayment options, such as longer loan terms or the ability to make smaller payments.

Important Regulations for Title Loans in Concord, Illinois

While title loans are legal and licensed in Illinois, there are several important regulations that lenders must follow:

  • Interest rates are capped at 36%, making them one of the more affordable options for short-term loans.
  • Lenders must be licensed by the Illinois Department of Financial and Professional Regulation.
  • Lenders must disclose all fees and charges upfront.
  • Lenders must provide a written contract detailing the terms of the loan.

Interesting Facts and Statistics about Title Loans in Concord, Illinois

  • According to a 2020 study by the Center for Responsible Lending, the average title loan amount in Illinois is $1,000.
  • Illinois has one of the lowest interest rate caps for title loans in the country at 36%.

Apply Now

If you’re in need of a title loan in Concord, Illinois, TheGuaranteedLoans can help connect you with potential lenders. Please note that TheGuaranteedLoans is a connector service, not a direct lender. Fill out our online application today to get started.

Title Loans Available in Concord, IL By The Following ZIP Codes:

62631

Concord, IL title loan calculator

Frequently Asked Questions About Car Title Loans in Concord, Illinois

Can I get a title loan in Concord, Illinois if I have a lien on my vehicle?

It may be possible to get a title loan in Concord, Illinois if you have a lien on your vehicle, but you will need to provide proof that the lienholder has agreed to the loan.

Can I get a title loan in Concord, Illinois if I am self-employed?

Yes, you can get a title loan in Concord, Illinois if you are self-employed, but you will need to provide proof of income, such as tax returns or bank statements.