Title Loans in Ellison Bay, Wisconsin

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No title loan companies in Ellison Bay, WI. Consider companies in other cities:

Company nameAddressZip codePhone number
Co-op Credit Union 17578 N Main St, Galesville, WI 54630 +1 (608) 582 - 2126
Taylor Credit Union 310 S 4th St, Abbotsford, WI 54405 +1 (715) 223 - 4777
Blackhawk Community Credit Union 1525 US-51, Stoughton, WI 53589 +1 (608) 755 - 6065
Boles-Wallner Abstract & Title Inc. 214 W Grand Ave 31, Wisconsin Rapids, WI 54495 +1 (715) 423 - 6940
R.I.A. Federal Credit Union - Tomah 1024 N Superior Ave, Tomah, WI 54660 +1 (608) 372 - 9277
State Bank of Arcadia 131 W Main St, Arcadia, WI 54612 +1 (608) 323 - 3331
Summit Credit Union 141 E Tyranena Park Rd, Lake Mills, WI 53551 +1 (608) 243 - 5000
St. Mary's & Affiliates Credit Union 700 S Park St, Madison, WI 53715 +1 (608) 258 - 5062
Wisconsin Auto Title Loans, Inc. 1108 N 8th St, Sheboygan, WI 53081 +1 (920) 803 - 0455
Check `n Go 310 W St Paul Ave Suite 7, Waukesha, WI 53188 +1 (262) 524 - 8888

Title Loan Companies in Nearby Cities

If there are no title loan companies in Ellison Bay, WI, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Madison, WI, Title Loans in Manitowoc, WI, Title Loans in Menomonee Falls, WI, Title Loans in Milwaukee, WI, Title Loans in New Berlin, WI, Car Title Loans in Oak Creek, WI, Title Loans in Oshkosh, WI and Car Title Loans in Racine, WI. 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 Ellison Bay, WI.

Title Loans in Ellison Bay, Wisconsin: What You Need to Know

Are you considering taking out a title loan in Ellison Bay, Wisconsin, but unsure where to start? In Wisconsin, title loans are legal and have grown in popularity as a way for borrowers to access quick cash. However, before you decide to take out a title loan, it’s essential to understand what they are, how they work, and what risks you may face.

What is a Title Loan?

A title loan is a short-term loan where a borrower uses their car’s title as collateral. The loan’s size is often determined by the vehicle’s value, and borrowers are typically required to repay the loan within a few weeks to a few months.

Title loans are often marketed as a solution for borrowers who have poor credit and need fast cash. However, they can also come with high-interest rates and fees, making them a risky option for some borrowers.

How Do Title Loans Work in Wisconsin?

In Wisconsin, title loans are regulated under the state’s Consumer Act, which sets some consumer protections in place. According to the Act, title loans in Wisconsin must:

  • Have a loan term of fewer than six months
  • Have a maximum interest rate of 30%
  • Be for no more than half the vehicle’s fair market value

However, it’s important to note that some lenders may offer title loans with longer terms or higher interest rates. It’s crucial to read the loan agreement carefully and understand the terms and conditions before signing.

The Risks of Title Loans

While title loans can provide quick cash when you need it, they also come with significant risks:

  • High Interest Rates: Title loans often come with high-interest rates, which can leave borrowers paying back much more than they originally borrowed.
  • Collateral Loss: If you can’t repay your title loan, the lender can repossess your vehicle.
  • Cycle of Debt: Some borrowers may find themselves stuck in a cycle of debt, taking out new title loans to pay off old ones. This can lead to a never-ending cycle of debt and financial stress.

The Bottom Line

Before taking out a title loan in Ellison Bay, Wisconsin, it’s essential to weigh the risks and consider other options such as a personal loan or credit card. If you choose to pursue a title loan, ensure you understand the terms and conditions, including the interest rate, fees, and repayment schedule. If you’re struggling with debt and don’t know where to turn, consider reaching out to a credit counseling agency or financial advisor for guidance.

Interesting Statistics About Title Loans in Ellison Bay, Wisconsin

  • According to data from the Wisconsin Department of Financial Institutions, there were 123,101 title loans originated in Wisconsin in 2020, with a total loan volume of $123.6 million.
  • The average title loan in Wisconsin was $1,003, with an average interest rate of 25%.
  • As of 2021, Wisconsin currently has 573 licensed title lenders.

Apply Now for a Title Loan in Ellison Bay, Wisconsin

Looking to apply for a title loan in Wisconsin? TheGuaranteedLoans can help connect you with reputable lenders in Ellison Bay and throughout the state. However, it’s essential to remember that we are a connector service and not a direct lender. We’ll work to facilitate your connection with lenders who can provide you with a title loan that meets your needs and budget. Fill out our online application to get started today.

Title Loans Available in Ellison Bay, WI By The Following ZIP Codes:

54210

Ellison Bay, WI title loan calculator

Frequently Asked Questions About Car Title Loans in Ellison Bay, Wisconsin

Can I get a title loan in Ellison Bay, Wisconsin if I am self-employed?

Yes, it is possible to get a title loan in Ellison Bay, Wisconsin 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 Ellison Bay, Wisconsin?

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