What You Need To Know About Same Day Title Loans
Most banks and lenders will take at least a week to process a loan application. It can take even longer if you have a low credit score because they’ll ask for additional documents to prove that you’re “credit-worthy”. You may even be asked to find someone to co-sign the loan for you—adding another week or more of processing time.
Such loans can be discouraging, especially if you are faced with a financial emergency that demands immediate attention.
Idaho Title Loans, Inc. is different. We offer same day title loans, so you never have to wait to get the money you need.
What Are Same Day Title Loans?
Same day title loans are secured loans where you use your vehicle as collateral to secure cash the day you apply. The only requirement is that you are the registered owner of a vehicle that is already fully paid for.
Getting a title loan does not mean that you won’t be able to use your car. Instead, a lien or a legal claim is placed on the title until the loan is paid off. During this time, you can’t sell your car or use it as collateral for another loan.
Do I Qualify For Same Day Title Loans?
As long as you have a lien-free title, you can qualify for the loan. Unlike banks, Idaho Title Loans, Inc. does not require a high credit score or a long credit history. We also do not ask for employment documents or require you to have a certain level of income. As long as you have a way to pay off the loan, then go ahead and apply.
How Can I Get Same Day Title Loans?
Not all lenders can provide same-day approval. In fact, most people will realistically take days—even just visiting the bank to inquire about the loan can take up your entire afternoon. Then, you’ll be asked to go back with documents, and then go back a third time to know if you’ve been approved.
However, Idaho Title Loans, Inc. has a much faster and more convenient process.
- Fill out our online form. We don’t ask you to line up just to inquire. Instead, you can fill out the form. It is immediately sent to the branch nearest you, and a loan representative is assigned to personally assist you through the loan process.
- Speak to a loan representative. Our loan representatives will usually return the call right away, so be sure to keep your phone near you. During the call, he or she will tell you more about the loan, its requirements, and how to apply. Feel free to ask any questions. We want you to take your time to understand the loan, and feel that it’s right for you.
- Submit requirements. We never rush or pressure you into taking out the loan. When you’re ready, just to go the branch to complete the car title loan process. Just be sure to bring your vehicle title, a government-issued ID, like a driver’s license or passport, and the vehicle for inspection.
- Collect your cash. Once the loan is approved, you get the money as soon as the same day or by the next business day.
This process eliminates red tape and waiting time. Since the loan representative is always there to walk you through the process, there’s no confusion or miscommunication—and you never have to wait for someone to get back to you.
Even your time in the branch is very short. Our efficient staff can complete a vehicle inspection and can verify the documents in less than 30 minutes.
So do the math: a short phone call and 30 minutes at the branch, and your loan request is done. It really is same day title loans—you may even get it done in just a few hours if you go straight to the branch after your call.
Are Same Day Title Loans Right For Me?
Title loans can help with any urgent, emergency expenses. Since you can borrow up to $15,000 (depending on your vehicle model and condition) it can cover larger expenses like medical bills, car or house repairs, or a backlog in rent or utilities.
There are some financial emergencies where you have to find the money as soon as possible. If a family member is hospitalized, or the car you use for work breaks down and you are at risk for losing your job or source of income, then time is of the essence.
Delays can cause bigger problems and bigger costs. Same day title loans can help you respond quickly to a financial emergency, and prevent it from escalating.
What Do I Need To Do To Get Same Day Approval?
First, speak to our loan representative so that you have a clear idea of the requirements. This won’t take a lot of time, and it can prevent any confusion that could cause delays.
Second, make sure to bring all the title loans requirements when you visit the branch: a lien-free vehicle title that is registered under your name, a government-issued ID, and the vehicle for inspection.
Third, go to the branch before cut-off time. While we do our best to give same day approval, if you arrive late, we may need to send the money on the next business day.
Start Your Loan Application Now!
If you still have questions, contact us through the online form or give us a call and we’ll be happy to walk you through the loan requirements.
The same day money you are looking for is closer than you think with Idaho Title Loans, Inc. Find a store near you today to get the emergency title loan funds you need.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.