applying for auto title loans online

Who Is Eligible For Auto Title Loans Online?

If you need quick cash for an emergency, then auto title loans online might be a resource you’re considering. They’re fast, useful, and in the right circumstance, an absolute lifesaver; however, determining eligibility isn’t always easy, especially from the outside looking in. Here are our eligibility requirements for Idaho Title Loans, Inc., demystified.

To be eligible for a loan, you must be over 18 years of age, provide proof of your identity, submit your lien-free car title, and present your car itself for a brief, 5-minute inspection.

If you’ve got all of the above boxes checked, then it’s likely that you’re eligible to get auto title loans online. To make sure you’re in the loop, this article will dive into our requirements, how you can easily meet them, and how you can get started with our loans today.

eligible for auto title loans online

What Do I Need To Be Eligible For Auto Title Loans Online?

Title loan eligibility requirements are laxer since they usually don’t require a checking account, proof of income, or other assurances that you will repay the loan. 

When you put up your car’s title as collateral, you’re essentially borrowing against its value, securing the lender’s belief that you will repay the loan on time. As a borrower, you are strongly incentivized to repay the loan for the sake of the collateral you provided.

Even though auto title loans online are easier to qualify for when compared to more traditional lending, you still need to meet some eligibility standards. These requirements include:

A Valid Identity

First, you will need to prove your identity to be eligible, which is why we ask for your driver’s license or other form of state-issued ID. This provides proof that you’re over 18 years of age (thus legally able to take out a loan) and otherwise confirms you’re legally responsible to take out the loan. It’s our due diligence and an important eligibility requirement to meet.

A Lien-Free Title

Your title must be lien-free if you want to take out one of our loans. A lien indicates, in technical terms, that your car belongs to someone else until you repay them, making the car’s title worthless as a form of collateral. To address this issue, you must pay the lienholder what they are owed and follow through the process of applying for a duplicate title, if applicable. Once your lien is removed, you’re eligible to take out auto title loans online with us at Idaho Title Loans, Inc.

Do I Need Good Credit To Be Approved?

You don’t need great credit to be approved for one of our loans. We are willing to work with you regardless of your credit situation. If you’re struggling to maintain your credit and dealing with an emergency, one of our loans might be helpful in the short term.

Do I Need A Checking Account To Be Approved?

When it comes to having checking accounts, these aren’t a part of our eligibility requirements. Remember, your car title serves as collateral, protecting the interests of the lender. Little else matters in regard to your financial situation, but just be cautious. You don’t want to commit to a loan that you aren’t able to afford.

girl got fast cash title loan

Our Simple Application Process

To apply for our auto title loans online your first step is to complete the online form we provide here on our website. Doing so sends your basic information to one of our loan representatives, who will give you a call to review the terms of the loan.

Feel free to ask any questions or clear up any eligibility concerns you may have. During that call, they’ll set up a meeting with you, either at the store or at a convenient location you choose nearby. We have stores all around Idaho, but we’re more than willing to come to you if you prefer.

Bring your required items to your meeting, as well as your car. The representative needs to verify the title, check the VIN, and review the condition of your vehicle to determine the title loan amount you qualify for.

If they approve you for one of our loans, then congratulations. You can receive the money and leave with your car the very same day or on the next business day. It’s a quick and convenient process to get you the fast cash you need as soon as possible.

Get Started Online Today!

Anyone over 18 with a valid state-issued ID, a lien-free title, and a car to match the title is eligible for one of our loans, pending approval. Idaho Title Loans, Inc. keeps the process simple so that getting auto title loans online is a breeze. If you’re ready to see how much you could qualify for, give us a call directly or complete our online form right here on our website today!

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

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.