Title Loans Wheaton
Frequently Asked Questions

What is a car title loan actually?

It’s similar to a home equity loan, but instead of the loan being based on the value of your home, we use your car’s value to determine how much money you can get. We become the lien holder on the vehicle and keep the original title, so that you can keep your car and have the money you need.

Does it just have to be a car?

We approve title loans for cars, vans, pickups, and SUVs as recently as 1999. No motorcycles, commercial trucks, or other commercial vehicles are accepted.

How many title loans can I get?

We limit our customers to having one loan per household, but you can apply for up to 4 title loans each year. Before getting another one however, the previous loan must be fully paid for.

What do you base the loan on?

Title Loans Wheaton takes into consideration the physical appearance and condition of the vehicle to determine how much we will loan. We’ll first look at the year, make, model, and mileage of the vehicle, and then also factor in extra options you have like a sunroof, wheels, engine size among others.

To maximize your loan amount, make sure to include every detail about your car and include any updates or special custom additions.

How long until I have to repay the loan?

For our bigger loans we allow 3 years to repay them, and for our smaller loans we allow 2 years to repay. The more your loan amount will be, the longer you’ll have to pay us back. Complete the application or call us at 888-700-7505 to find out how much you can get for your loan.

What if I’ve lost my car’s title? What should I do?

Give the Secretary of State’s office a call or visit them in person because you will have to get a duplicate car title in order to be approved for one of our title loans. Make sure that you inform our loan agent who will call you after you apply if you had to get a duplicate title.

Do you report to a credit bureau?

We will report payments to a credit bureau for your own good. Making the car title loan payments on time will help improve your credit score, so we want to help you fix and build up your credit by reporting to them.