Who are Auto Title Lenders?
These are lenders that usually offer other high-risk loans like payday loans and tax refund anticipation loans. These lenders target people who need funds in a hurry and who don’t have access to other types of financing like bank loans, charge cards or family members who can lend them needed cash. Title loan companies must be licensed to write consumer installment loans in Illinois. A complete list of Consumer Installment licensees (CILA) is available here.
