What Should I Know About Finding Vehicle Title Loans Near Me?

You can find a lot of information about vehicle title loans from Idaho Title Loans, Inc. Still, there are a few things that you should know about before you apply for a loan.

First, the car title you're using must be clear and registered to you, no one else. Don’t worry about your credit, either; good or bad, you can still submit a loan request. You won’t need a checking account to apply, but you will need valid identification, such as a driver’s license or passport.

Last, don’t forget that your car must be inspected to determine how much you qualify to borrow.

If you’re unsure about vehicle title loans, you don't want to miss anything in this guide. Here, you’ll discover the 7 things you should know, with number 7 probably being the most important.

Let’s get started!

7 Things You Should Know About Finding Vehicle Title Loans Near You

Keying “vehicle title loans near me” into a search engine will give you plenty of results, but not many of them will tell you the most important things about these loans.

So, here are some important things you should know when looking for title loans near you.

1. Your Car Title Must Be Lien-Free

If you’re searching for title loans, you likely already know that a car title is required as collateral. However, you might not know that the title you use must be lien-free.

Lien-free or ‘clear’ car titles mean that you are the outright owner of that vehicle. In other words, the car must have no judgments or outstanding loans against it.

So, if what you have is indeed lien-free, you can proceed with the loan process. If it isn’t, you’ll have to resolve any outstanding issues related to the title before you can apply for this type of loan.

2. Your Car Title Must Be In Your Name

"Vehicle title loans near me” search results often don’t tell you that the car title must also be in your name. That means you legally own the vehicle, not someone else, like a friend or family member.

Suppose your car is under someone else’s name. In that case, you can go to the nearest DMV office and have the car transferred into your name. That process shouldn’t take too long, though it would ultimately depend on the DMV and how fast they’ll process your request.

Once that’s done, you can use the title to apply for a loan.

3. Good Or Bad Credit; Both Are Fine!

One of the reasons “vehicle title loans near me” searches are so popular is that they accept all kinds of credit. So, bad credit won't stop you from applying to Idaho Title Loans, Inc.

Just be sure that you meet all the other requirements.

4. You Typically Don’t Need A Checking Account

Some people might assume that they need a checking account before they can search online for “vehicle title loans near me”. While that might be the case for some loans, or even some lenders, that’s not typically a requirement for a title loan.

Remember: for a title loan, the most important item you need is your lien-free car title registered in your name. That title will be used as collateral for the loan.

So, you typically don’t need a checking account to apply for this kind of loan successfully.

5. You Need A State-Issued Identification

While a checking account isn’t usually necessary, your state identification certainly is. More specifically, you must submit a state-issued ID or a driver’s license as part of the loan process.

Don’t worry, though, as there are only 2 documents you need to apply, your ID and the lien-free car title mentioned earlier.

6. Your Car Will Be Inspected

As you might already know, only your car title is being used for collateral. Even if you’re approved, you’ll get to keep your car while you’re servicing the loan.

However, you must still bring your car in for an inspection. That inspection will happen during an appointment with the representative as part of the title loan process.

They’ll inspect the car during that appointment to determine how much you qualify to borrow.

7. Getting Started Is Easy

The final thing you need to know is that getting started is easy. From afar, you might feel a bit intimidated or apprehensive about applying for a title loan. That’s especially true if it’s your first time doing it.

But in reality, the process is incredibly straightforward and simple. Once you have your ID and lien-free car title ready, you only need to complete and submit the short online request with your details.

Shortly after that, a representative will call to talk to you about how the loan process works. Don’t forget to keep your phone nearby so you’ll hear when the call comes in!

Get Started Now!

Now that you know everything there is to know about vehicle title loans, all that’s left is to get in touch with Idaho Title Loans, Inc. As you read earlier, the process starts with completing the online request form.

If everything goes smoothly, you can finish the loan process in as little as a half-hour. Then, if approved, you’ll get the money as early as the same day or the next business day.

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