800LoanMart starts serving Chicago Illinois title loans

800LoanMart, a California based title loan lender announced today that they have entered the Illinois market to fund residents who have bad credit but have a car with a clear or almost clear title.

The competition is now heating up for who will be the biggest title loan lender in the state. Up to now, most boutique title loan lenders have served the residents of Illinois and ever since the State of Illinois put a cap on title loans of $4000, some smaller firms have closed their doors. This gave way to the nationwide "Super Service Lenders" to move in and offer lower interest rates on normal title loans.

The larger title loan lenders like 800LoanMart title loans raises the bar for quality and ease of loan process.

With 800LoanMart entering the Chicago title loan market, gone is the day of bad title loan practices. Some title loan lenders gave the industry a bad name. They would offer loans with an interest rate so large that the consumer could never afford the payment or would make a few payments and then lose their vehicle. The loan agreement was based on a final balloon payment and the customer was lured into doing business because they would only have to pay interest for months.. sometimes years until the fateful day came when the principal had to be paid back. Rarely could the consumer do this. 800LoanMart does not do this. Each loan is fully structured with principal and interest put together each month so that the consumer does end up with a zero balance.

In Chicago, the title loan industry is changing rapidly. People need more money and payday loans do not cut it. Some banks have tried to enter into the title loan game but the banks would charge even higher fees than the national title loan firms.

800LoanMart is considered one of the fasting growing and most respectable title loan lenders and serves California (hundreds of places to pick up money in the state), Arizona, New Mexico and now Illinois. They are very different because they have automated the process to the point to where a person just needs to go to their title loan website and fill out the application. In minutes the person who applied will know exactly how much they can borrow and in a few hours, they have cash in hand.

The biggest question people ask is if 800LoanMart is based in California, with hundreds of places to get the money there, how does one get the money in Illinois? The answer is really quite simple. 800LoanMart has strategic marketing partners in many neighborhood Chicago locations to get the title loan cash. Although the paperwork is done via fax, when the time comes to get the money, the patron will drive to the nearest store as instructed by 800LoanMart and the money will be waiting. No sitting around in a lobby. No waiting in line. Brilliant!

When you are looking online for a title loan you will either find the direct lenders site or an affiliate site. An example of this is MaxCashTitleLoans. Max Cash does not directly fund the customer, rather provides customer support for the larger title loan lenders. This firm is growing as well because they only work with the most reputable title loan lenders in the industry such as 800LoanMart.

With 800LoanMart entering in to the Chicago title loan market, the borrower finally has someone large enough to deal with that really does care about staying in business. This seems to be the difference between a happy customer experience and a nightmare.