If you need short-term financial assistance and own your vehicle outright, you’re likely to qualify for a title loan. The process is fast and easy, and you don’t need a high credit score. Our partners at ConsumerAffairs researched the best title loan companies in Green Bay so you know where to apply and what to expect.
In a title loan the borrower gets cash in exchange for putting up a vehicle title as collateral. The lender keeps the title for the duration of the loan term. Once the borrower repays the loan in full, he or she gets the title back.
Here are the key rules of title loans in Wisconsin:
Title loan companies can lend up to $25,000 or 50% of the retail value of the vehicle, whichever is less.
The maximum term length for a title loan is six months.
Title loan companies in Wisconsin are not restricted in their interest rates.
Because the cost to borrow is high with a title loan in Green Bay, you may wish to consider other options first, like asking a family member or friend for money or applying for a loan at a bank or credit union.
If you do choose to apply for a title loan in Green Bay, you don’t need good credit, and the money is often available on the same day. The amount you can borrow will depend on the value of your car.
Depending on the lender, you may have the option to start the application process online. Usually the lender will need to see the vehicle in person to complete an appraisal.
Have these items available:
Your vehicle’s lien-free title, in your name
A government-issued ID
Proof of vehicle insurance/registration
Proof of income
Proof of address
Always read the terms of a title loan in Green Bay carefully. Don’t sign until you have been shown all costs associated with the loan, including the interest (in dollars and as an annual percentage rate) and other fees. Only borrow what you can afford to repay, considering that possession of your car is at risk.
If you decide to explore a title loan in Green Bay, start with the well-reviewed companies on this page.
TitleMax is a national title lending company chosen by over 3,000 customers every day. Green Bay residents willing to make the drive down to the company’s location in Milwaukee can be in and out with cash in just 30 minutes. Rates are competitive, and borrowers of all credit types are accepted. The TitleMax Mobile App makes it easy to review your balance, check due dates and make payments. Reviewers in the state have had great experiences at TitleMax and recommend it to others.