How to Get Installment Loans in Wausau, Wisconsin in 3 Easy Steps

Do you know what you need to get installment loans in Wausau, Wisconsin? When you come to Wisconsin Auto Title Loans, Inc., you don’t have to worry about being confused or unprepared! We’ve made sure to make our list of items short and easy for you to remember! In fact, you only need three items to find out if you qualify for approval.

So, if you need emergency cash loans in Wausau and need to know what is required to apply and qualify, keep reading the rest of this article to find out.

What Are Installment Loans?

Our installment loans in Wausau, Wisconsin are unsecured loans, which means that you don’t have to provide collateral to qualify. When applying for a title loan, for example, you would have to provide your vehicle for inspection and a lien-free title – this might take some extra time. Furthermore, not everyone has a valuable asset that can be used as collateral. An installment loan is a convenient borrowing option for those who need to receive the money as soon as possible but don’t have collateral.

However, one thing to keep in mind is that these unsecured loans in Wisconsin won’t require a valuable asset to secure the loan, but they will require some other items to prove that you are capable of repaying the loan on time. However, you don’t have to worry because, as we mentioned at the beginning of this article, you only need to meet a couple of requirements for us to determine if you qualify for approval. 

Three Things You Need for Installment Loans

Here are the required items we are going to need to help you out:

• State-issued photo identification or a driver’s license.
• A checking account statement from a bank account that is open in your name.
• Proof of income.

State-Issued Photo ID Or Driver’s License

The first item you need to get installment loans from us at Wisconsin Auto Title Loans, Inc. is a state-issued ID or a driver’s license. We need to see this because we have to be able to prove your identity and to make sure you aren’t a minor. You see, we legally cannot give a minor a loan of any kind. So if you aren’t at least 18 years old, you can’t come see us for this loan. Also, if you don’t happen to have a driver’s license, just make sure the ID you bring in has your photo and is issued in Wisconsin.

Checking Account Statement In Your Name

The next item you need for installment loans in Wausau, Wisconsin is a blank check from an active checking account. To be able to get a full picture of your current financial situation, we need to be able to see your checking account from your bank. So if you don’t have a checking account in your name or your account isn’t active, you will need to fix that before you can get an installment loan here.

Proof Of Income

The last item we need to see is proof of your income. This is especially important because we have to be able to see that you can repay us on time. While the repayments will be made in installments, we still have to make sure you can make the payments on time. Now, when we say proof of income, we usually mean your most recent pay stub. However, we may be able to accept other income sources. Just give us a call before you come in so we can go over what you’ll need to bring in with you.

In addition to these three items, let's address how your credit history factors into the process.

Does Credit Matter for Installment Loans?

While we only require you to bring in a few simple items, one thing you have to note is that we will have to check your credit before we can decide if you qualify for approval. While this isn’t a physical item you have to bring in, it is a part of our required items list because we can’t decide if you qualify without first checking your credit. As installment loans are not secured using collateral, this means we rely on your complete financial situation to determine if you qualify for approval, which explains the credit check.

However, though the loan representative you’ll work with at one of our stores will have to check your credit, it won’t be the only factor that the decision of approval will be based on. This means you don’t have to panic if you have poor credit. Let us run through your credit history and assess your other items and we can let you know your chances of getting approved. And if you really don’t qualify for installment loans in Wausau, Wisconsin, we also offer title loans to help you out with emergencies.

Step-by-Step Application Process

If you are wondering how to apply for installment loans in Wausau, to get the fast cash you need with flexible loan terms, follow these steps to apply:

1. Contact the nearest store location by phone or submit a short and free inquiry form on the website.
2. If you fill out the form, then wait for a phone call from one of our representatives. They will confirm your information, ask a few questions, answer any questions that you might have, and schedule an appointment with an agent at a Wisconsin Auto Title Loans, Inc. store to verify your documents.
3. Take the required items to the meeting.
4. The agent will evaluate your documents and paperwork, perform a brief credit check, and determine the amount you qualify for. At this point, they will also guide you through the terms of agreement as well as the repayment plan.
5. Sign the agreement if everything seems satisfactory to you, and then arrange to get your money.

FAQs

What if I have no credit history?

We will check your credit before approving you for a signature installment loan. However, you could still be approved for your cash installment loan even if you have no credit history.

How long does the approval process take?

The installment loan approval process takes roughly 30 minutes. That’s when you’ll know if you qualify and how much you can get.

Start Your Application Today!

Now that you know how to apply for installment loans in Wausau and what you need to get these unsecured loans in Wisconsin, you have what you need to get fully prepared. The next time you come see us at Wisconsin Auto Title Loans, Inc., you will have all you need to let us determine if you qualify for approval for this loan. Now you don’t have to hesitate any longer to start the process.

Ready to find out if you can receive emergency cash loans in Wausau? Then fill out the online form on our website today to get started! 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.