Title Loans in Hooppole, Illinois

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

Company nameAddressZip codePhone number
Cash Store 208 Southtowne Shopping Ctrr, Du Quoin, IL 62832 +1 (618) 542 - 8989
LendNation 12601 S Western Ave, Blue Island, IL 60406 +1 (708) 396 - 0600
BOS Quincy Banking Center 1111 Maine St, Quincy, IL 62301 +1 (217) 641 - 5555
Security Finance 1717 S West Ave, Freeport, IL 61032 +1 (815) 297 - 1679
Cash America Pawn 4835 S Ashland Ave, Chicago, IL 60609 +1 (773) 257 - 7668
Courtesy Loans 411 Pulaski St, Lincoln, IL 62656 +1 (217) 735 - 4919
First American Title Insurance Company 1120 S State Rte 157, Edwardsville, IL 62025 +1 (618) 656 - 8616
Mariner Finance 115 N Hickory St, Centralia, IL 62801 +1 (618) 532 - 1958
Oportun 1248 N Lake St, Aurora, IL 60506 +1 (331) 481 - 8826
Sun Cash 598 Torrence Ave, Calumet City, IL 60409 +1 (708) 862 - 8800

Title Loan Companies in Nearby Cities

If there are no title loan companies in Hooppole, IL, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Decatur, IL, Title Loans in Dekalb, IL, Car Title Loans in Des Plaines, IL, Title Loans in Downers Grove, IL, Car Title Loans in Dundee, IL, Title Loans in Elgin, IL, Title Loans in Elk Grove Village, IL and Title Loans in Elmhurst, 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 Hooppole, IL.

Title Loans in Hooppole, Illinois

If you’re in need of some quick cash, you may be considering a title loan. Title loans are a legal and popular option in Illinois, including the small town of Hooppole. Here’s what you need to know about title loans in Hooppole, Illinois.

What is a Title Loan?

A title loan is a type of secured loan in which the borrower uses their vehicle title as collateral. The lender will typically lend the borrower a percentage of the car’s appraised value in exchange for a lien on the car title. If the borrower cannot repay the loan, the lender may repossess the car and sell it to recoup their losses.

How Do Title Loans Work in Hooppole, Illinois?

Illinois state law regulates title loans to protect consumers. In Illinois, the maximum loan amount is $4,000 or 50% of the car’s fair market value, whichever is less. The maximum loan term is 36 months, and there is no prepayment penalty if you want to pay off the loan early.

To get a title loan in Hooppole, you must provide the lender with the following documents:

  • Your car title, free of liens
  • Proof of income or ability to repay the loan
  • Government-issued photo ID
  • Your car for a quick appraisal

In addition to these requirements, the lender will perform a credit check to determine your eligibility for the loan. If approved, you will receive your loan funds on the same day.

The Risks of Title Loans in Hooppole, Illinois

While title loans can be a quick source of cash, they come with risks. Failure to repay the loan on time can result in repossession of your vehicle. Additionally, title loans come with high interest rates, making them a costly option for borrowing money. In fact, the average interest rate for a title loan in Illinois is 179%.

Before taking out a title loan, consider all your options. You may be able to find a less expensive form of credit.

Interesting Facts about Title Loans in Hooppole, Illinois

  • In 2019, Illinois borrowers took out more than 200,000 title loans with an average loan amount of $1,000.
  • Illinois law requires title lenders to provide borrowers with a written agreement that clearly outlines the terms and conditions of the loan.
  • The average duration of a title loan in Illinois is 18 months.

Apply Now

If you need a title loan in Hooppole, Illinois, TheGuaranteedLoans can help connect you with a lender. Our online application process is fast, easy, and confidential. Simply fill out our application form and we’ll match you with a lender who may be able to help you get the funds you need. Please note that TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of lenders to help borrowers find the best loan for their needs.

Don’t let unexpected expenses stress you out. Apply for a title loan today with TheGuaranteedLoans.

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

61258

Hooppole, IL title loan calculator

Frequently Asked Questions About Car Title Loans in Hooppole, Illinois

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

Yes, it is possible to get a title loan in Hooppole, Illinois if you are self-employed. However, you will need to provide proof of income and be able to meet the lender's qualifications in order to qualify for a loan.

Do I need to have a bank account to get a title loan in Hooppole, Illinois?

Yes, most lenders will require you to have a bank account in order to get a title loan in Hooppole, Illinois. This is because the lender will typically deposit the loan funds into your bank account and withdraw the loan payments from your account.