The Easiest Way To Get A Title Loan In Idaho

Banks that offer personal loans usually have high credit score requirements and minimum income qualifications. Some may even require you to open a bank account with them and maintain a minimum balance.

So, if you need urgent cash for a financial emergency and have bad credit, then bank loans may not be the right option for you. The good news for Idaho residents is that there are other ways to raise emergency money. You can apply for Idaho title loans of up to $15,000, no matter what kind of credit history you have—all credit is welcome to apply.

Here’s what you need to know about title loans in Idaho and the easiest way to get one at Idaho title loan locations near you.

How Idaho Title Loans Work

There are two kinds of personal loans: unsecured loans and secured loans. Unsecured loans can have strict requirements and long approval processes because banks have to verify your income levels and credit history to determine your capacity to pay off the loan.

For secured loans, you offer security or collateral for the loan. That doesn’t mean you have to give up your property immediately—you are just using it to back the loan and your commitment to pay it off on time.

That’s how title loans work. You use your vehicle title as security or collateral, to borrow from your vehicle’s market value. During the loan, the lender will put a lien or legal claim on the vehicle title until you satisfy the terms of your loan agreement.

So, you can continue driving your car and follow your usual routine, but you won’t be able to sell it or use it as collateral for another loan while the lien is in place.

How To Qualify For Vehicle Title Loans

If you own a car, truck, or van, you can apply for a title loan. It doesn’t even have to be a fancy model or brand new. It just needs to meet the following requirements so it can be used as collateral.

• The vehicle title is under your name. If the title is registered under somebody else, or if you share the title with other people, you need to have it transferred to you. To do so, you will need to visit the Department of Motor Vehicles and complete the necessary paperwork.
• The title is lien-free. Under the law, a property can’t be used as collateral for a new loan if there are existing legal claims or judgments against it. Many websites will let you do a quick and free search to see if your title has any current liens.
• The vehicle is fully paid for. You have already paid off any car loans or financing and own it outright.

If your vehicle title meets the criteria, then you’re already a good candidate for vehicle title loans! You don’t have to worry about your credit score or gathering documents that prove your income and financial standing. The title is your ticket to qualifying for emergency cash even if you have bad credit.

Title Loan Requirements

One of the best things about how title loans work is that you don’t need to present a lot of documents or fill out countless forms. You just need three things to find out if you’re approved for the loan, and how much you can get.

• Vehicle title. As mentioned earlier, it just needs to be under your name and have no current liens, claims, or judgments against it.
• Government-issued ID. This is needed to verify your identity and compare it against the name on the vehicle title.
• Vehicle inspection. This is a quick visual check of the car’s interiors, exteriors, and working parts in order to determine its model, mileage, condition, and overall market value. That will be the basis of your loan limit, or the maximum amount that you can borrow.

Title Loan FAQs

What are the age requirements for a title loan?

You must be 18 to enter into any legal contract, including a title loan.

Do I need to reside in Idaho to qualify for an Idaho title loan?

Yes. You will need to be a resident of Idaho to be eligible for an Idaho title loan.

Can I qualify for a title loan with bad credit?

All credit is welcome to apply and can still be approved.

How To Get Fast, Easy Title Loans In Idaho

With Idaho Title Loans, Inc., you can start your request online to connect with Idaho title loan locations near you and even get same-day approval for your loan. So, if you need your money right away, we can help you a loan store near you so you can get the cash you need in a flash.

Here’s what you need to do to apply for vehicle title loans.

• Contact us through the inquiry form. It takes only a few minutes, and as soon as you click send, it’s sent to the nearest Idaho Title Loans, Inc. branch and assigned to one of our loan representatives.
• Get a free personal loan consultation. Our loan representative will call you back, explain more about how title loans work and the requirements, and then book your appointment at the branch.
• Submit requirements. Go to the branch with your vehicle title, government-issued ID, and vehicle for inspection. When you arrive, a loan representative will go over your items, check your vehicle, and help you through the final paperwork. The process can take as little as 30 minutes!
• Collect cash. Once your loan is approved, you get the money on that very day or the following business day.

Find Out More About Title Loans Today

Contact us to learn more about how you can qualify for title loans, and take the first step to get the emergency cash you need today.

The representatives at Idaho title loan locations near you are waiting to help. All you need to do to get started is gather your title loan requirements and complete the online inquiry form to receive a call with details soon after.

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