How Fast Title Loans Can Help With A Financial Emergency
February 23, 2021 | Peyton Sawyer
Fast title loans are quickly becoming the nation's favored form of funding because of the speed and convenience they offer. They're especially handy during financial emergencies when money is hard to find. But as a savvy consumer, you must know how to use fast title loans wisely and understand when they're needed.
Follow These Steps For Quick Money
How To Qualify For Fast Title Loans
This form of funding is not only easy to get but it's also simple to qualify for because the process has been cleverly streamlined. All cases are unique, but this is typically how you do it:
1. Gather Up The Requirement Documents
Get prepared ahead of time to hasten the process even more. Applicants are asked for minimal documentation to qualify for this type of loan. So, gather up the following things before filling out an application:
- A government-issued driver's license or photo ID
- The title to your car
- A blank check from an active bank account in your name
You'll also have to bring the car with you for inspection, so make sure you've got that covered. But don't worry about its condition because your vehicle doesn't even have to run to be accepted in some cases. The title just needs to be clean, meaning no liens or judgments against it.
2. Fill Out An Application Online For Fast Approvals
Go online and fill out the necessary forms ahead of time. This will help speed up the process too, especially since title loans are popular enough to create lines at the office. You may be asked to print, scan, or save information, so be ready. Also, prepare for rapid approvals because online applications can get approved quickly.
FUN FACT: Online title loan applications can give you an answer in as little as 30 minutes.
3. Wait For A Loan Agent To Call You Back
Once you're approved, a loan agent should call you at the number you provided to help walk you through the next steps. S/he will set up a time for you to visit the office with your documentation and vehicle. After the inspection is complete and your paperwork checks out, you'll have a chance to review the terms of the loan before signing.
4. Sign The Papers And Pick Up Your Money
Finally, you're only minutes away from getting the emergency money you need. The title loan agent will answer any questions you have and then guide you through signing the contract. You'll then wait for the cash to get deposited into your account and begin paying bills or handling unexpected expenses right away.
8 Things That Can Cause A Financial Emergency
Finances can be hard to manage, especially when the unexpected happens. But even those who have it all together sometimes feel the heat of a budget shortage. That's because life is unpredictable, so any of the follow things can happen to cause a money emergency in anyone's life:
- Major health problems
- Dental work
- Loss of income
- Home or car repairs
- Unplanned travel
Many times, people try to manage those expenses on their own. They'll either sell items they no longer want, look for a second job, ask friends and family for money, or take out a traditional bank loan. But there's a better way to get cash and it doesn't require mountains of paperwork or proof of income. They're called fast title loans and they may be the answer you seek.
What Are Fast Title Loans?
Fast title loans are quick, easy, and legitimate lines of credit using a property you already own as collateral. Borrowers simply show up with the correct documentation in hand and then walk out with a lump sum of money in just a few hours. Lenders use the value of your vehicle's title to secure the loan, and you get funds deposited into your bank account immediately.
Unlike traditional loans, fast title loans don't require applicants to submit pay stubs or tax returns from the previous year. Applicants don't need cosigners or other forms of collateral either. Instead, the vehicle's title serves as the promise to pay. And in many cases, approved applicants can also keep possession of their car while the loan is in effect.
NOTE: Each state has different loan caps and restrictions, so ask your agent for more details.
Get an Idaho Title Loan Today
Fast title loans are one of the simplest, easiest, and most practical ways to get rapid cash when you need it the most.
No one expects to find themselves in a financial hardship and in need of money emergently, but as we have learned and seen over the last year, anything is possible. So, follow these quick steps to help make that burden a little lighter. If you need any further assistance, remember you can get fast title loans in Idaho by visiting our site at idahotitleloansinc.com.