The holidays are always more fun to celebrate in Wisconsin when you do it in style. Whether it's decorating your yard with large pumpkin props and fake ghosts for Halloween, giving your home a pilgrim or turkey theme look for Thanksgiving or putting lights and Santa's sleigh in for Christmas you can have a lot of fun setting all of these up. But really going all out on these home decorations can cost a little money, and maybe you don't have it all to use right away. If you need to borrow just a little money for the short-term to get your decorations, vehicle title loans in Menomonee Falls can be a good way to do it.
Maybe you've had the frustration of looking at personal loans offered by your bank when you want to borrow just a little money and you're unhappy with all the rules that come with them. Most bank loans are intended for large financing needs and are either unsecured with high credit and income requirements, or are secured but still have high minimums in what you can borrow and use them for. Vehicle title loans in Menomonee Falls generally have much lower amounts you can borrow and you are never asked about what you're going to use them for. If you're thinking about using a title loan to buy your holiday decorations, there are still some requirements you have to meet, but they are fairly simple.
Unlike other states that have certain title loan repayment laws, Wisconsin does not have laws requiring borrowers to show proof of income. But a title loan lender may require it to ensure the loan is repaid and may factor your income in to determine how much they will allow you to borrow.
Another good thing about borrowing money through title loans in Wisconsin is that the limit is high at $25,000. But most title loans are issued for amounts near that because lenders typically loan no more than half of a vehicle's amount, and sometimes only loan as much as 25℅. For most used and older vehicles, this means vehicle title loans in Menomonee Falls will be no more than somewhere between $500 and $2,000. Basically, the vehicle's make, model, style, year and mileage account for its calculated value, but also its condition found during the inspection and your monthly income are also factored in.
Unlike some bank loans and other lines of credit, there is no penalty if you wish to pay Milwaukee title loans off early. Also, if you're approved for a title loan but change your mind, you'll have until 5:00 or the closing of business hours the next day to return your title loan funds or cancel out of your loan. You should make sure you have this covered when you initially sign your agreement.
It's advisable to apply online here on our website before you visit the title loan store, but when you do arrive, you should make sure you have the correct documents with you. The following documents are primarily what you'll need:
You may also want to call the title loan store up to see if they need to see any income documents or proof of insurance before going. Usually if you have all your documents, it will take less than an hour to complete your visit and be approved.