How To Borrow Money Using Your Vehicle Title In Idaho

Unbeknownst to most, it's fairly easy to borrow money using your vehicle title in Idaho. Provided you own the vehicle outright and don't have any outstanding judgments or liens against it, you stand a good chance of gaining approval.

But despite its simplicity, it's still worth understanding each step of the process and everything you need to qualify. Therefore, the following sections will detail the three items you need to qualify for a title loan from us at Idaho Title Loans, Inc. before divulging our easy-to-follow process step-by-step.

3 Things You Need To Borrow Money Using Your Vehicle Title In Idaho

Unlike traditional loans, we will never ask you to contend with a long list of hard-to-reach requirements. You won't need to provide three months' worth of pay slips or even have a good credit score. We use other factors to determine whether you can qualify for an Idaho title loan. 

So, let's take a look at the three things you'll need in detail. That way, you can prepare for the loan process beforehand.

1. State-Issued Identification

First, you will need to have some form of state-issued identification. Most of our customers tend to use their driver's license, however, you can use anything from your passport to your military servicemember's ID to your student ID card. As long as it displays your photograph, full legal name, and your date of birth, you can use it to confirm your identity.

Please be aware that you need to be at least 18 years old to apply for a loan using your vehicle title in Idaho.

2. Lien-Free Vehicle Title

Second, you will need to have a lien-free vehicle title. Other titles exist, but we cannot accept them. Why? Because we need to place a lien on your car title to secure the loan, and we're unable to do that if one already exists.

Provided you have a lien-free vehicle title, please make sure the name on this document matches the name on your state-issued identification. We can only proceed with your request if your name is an exact match.

If you are not currently named on the title or share the title with someone else, then, you will need to head to the DMV to request a title transfer before beginning the process. 

3. Car, Truck, Or Van

Third and final, you will need to have a car, truck, or van. We won't be able to accept you if you try to obtain a title loan with a motorcycle, ATV, RV, trailer, tractor, boat, bus, or another type of automobile. 

Your vehicle establishes how much you can borrow. Therefore, it's arguably the most important requirement. Our borrowing limits are as much as $15,000, but you can only receive that amount if you own a high-value car. Factors like the vehicle's age, mileage, condition, service history, make, and model influence its worth. For best results, remove modifications and clean before the evaluation.

How To Borrow Money With Your Car Title

With those requirements in mind, you can follow the steps below to use your vehicle title, vehicle, and state-issued ID to borrow money from us in Idaho:

1. Kickstart the process by completing our short online request form. It sends your information automatically to your closest Idaho Title Loans, Inc. storefront. If you'd rather start proceedings via telephone, you're more than welcome to do so. Just keep in mind that you can only do this during regular working hours.
2. After submitting your online request form, we will get in touch to answer any of your questions, confirm your information, and go over the items you need to qualify (i.e., those we listed in the previous section of this article). We will also schedule an appointment at a location of your choice. This can be your home, office, or your nearest storefront. It's up to you!
3. Arrive on time to the meeting, ensuring you've brought with you your state-issued identification, lien-free vehicle title, and your vehicle.
4. We will take a look at your documents and evaluate your vehicle, so we can determine how much it's worth and whether you qualify.
5. If you are approved for a title loan, we will tell you how much you can borrow.
6. If you are happy with the amount and would like to proceed, we will answer any of your remaining questions before helping you sign the necessary forms. 
7. Finally, you will receive the amount you qualify for within 48 hours (i.e., either the same or the following day).

Use Your Vehicle Title To Borrow From Idaho Title Loans, Inc. Now!

By following the steps above, you can easily use your car's title to borrow money and pay for emergencies like medical bills, home repairs, vet fees, and other emergencies.

If you're ready to avert your financial crisis and receive the much-needed cash in the shortest timeframe, give us a call or complete the online form at Idaho Title Loans, Inc. 

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