If I Have Poor Credit, Can I Get Loans In Meridian, Idaho?

April 22, 2022 | Emma Frost

 meridian idaho loans

If you have poor credit, you will know just how difficult it can be to borrow cash. No traditional bank is going to want to deal with you. It's a shame because the vast majority of people who need to borrow money often haven't had the best financial history. Thankfully, there are loans in Meridian, ID where you may be able to borrow money with poor credit. On this page, we want to discuss one of those options.

Things To Know About Poor Credit And Loans

Why Traditional Lenders Aren't Fans Of Poor Credit

Your credit score represents your financial health for the last few years. It records how much credit you have. It records whether you have missed payments. It records how many loans you are asking for. In theory, a credit score is meant to give potential lenders how likely you are to miss payments. Since lenders want to get paid back, they tend to be far less reluctant to lend to those with poorer credit scores. They want people they know will pay them back.

This is why, if you have weak credit and head into a traditional bank, they will probably reject you.

Can You Get a Loan With Poor Credit in Idaho?

Yes. There are options available.

Many of these options will be secured loans. This shows the lender (such as Idaho Title Loans, Inc.) that you can pay back what you borrow. This means that you are putting something up as collateral for your loan. So your credit history is less important.

Some of these loans can even be obtained if you are currently out of work. This is something that no traditional bank will offer.

What Loan Is Available Despite Poor Credit In Meridian, ID?

You are borrowing against the title of your vehicle. At Idaho Title Loans, Inc., we can offer title loans. With a title loan, you will have your loan secured against the value of your vehicle. The title must be lien-free, and it must belong to a car, truck, or van.

Depending on the value of your vehicle, we can loan up to $15,000. Because this is a secured loan, people of all credit types are welcome to inquire. We will always price your vehicle from an industry-recognized pricing system, so you can be sure that we are offering fair value.

The process of obtaining a title loan from us is quick too. It can be completed in as little as 30 minutes. You will need to have a vehicle inspection carried out. However, if you live in Meridian, ID we have a store close by. This means you shouldn't be more than a short drive from us. We have appointment slots open throughout the day, and we can book you in at a time that suits you.

car and money

As we said, we can accept inquiries no matter your credit situation. We are also able to consider inquiries from those who are currently unemployed. You can even inquire if you do not have a checking account (as many with poor credit do). We have alternative ways to provide you with cash.

Remember, while the loan is going to be secured against your vehicle, you will not lose access to your vehicle. You can continue to drive it for the duration of your loan. You will need to leave the title in our possession, but this is unlikely to be an issue for most people.

Looking For a Poor Credit Loan? Idaho Title Loans, Inc. Is An Option

Now you know a little bit about how title loans work, let's tell you a little bit about some of the reasons why people opt for them.

As you know, these loans are designed to cover emergency expenses. They are for when you need to pay for something now, but your paycheck is still a long way off.

One of the most common reasons for getting a title loan is for covering medical expenses. A lot of people see this as an option to borrow when they need to cover things such as pharmaceuticals, or to cover a minor medical bill.

Others may use a title loan to cover home or vehicle repairs. Although, do remember that in the latter case, if your vehicle needs repairs, the value will be impacted. This can influence how much you can borrow.

A lot of our customers see a title loan as a way to carry out much-needed home repairs or perhaps replace a broken appliance.

The choice is yours. We won't ask you what you are using the cash for.

Don't Let Your Poor Credit Hold You Back - Inquire About a Title Loan Today

If you are looking for poor credit loans Merdian ID, then you do have options. And one of the most popular options is a title loan. Be mindful that you need to hold a lien-free title. If you do, you can borrow up to $15,000. If you want to borrow cash today, fill in the inquiry form. It could be in your account in just a few hours.

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

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