Rescue Your Finances During An Emergency With Online Title Loans

When your finances are in disarray, an online title loan from Idaho Title Loans, Inc. can help you put the pieces back together. Here’s how an urgent loan can be used to rescue your finances.

Title loans allow you to borrow up to $15,000 toward your expenses, helping you to tackle medical bills, repairs, and other urgent expenses without any hassle, avoiding overdue fees and credit impact. With a little thoughtful planning, a loan can be a useful tool for your finances, and in this article, we’ll help you understand how they work and how to use one effectively.

What Are Title Loans?

Title loans are a borrowing option when you need money, but unlike other loans, they are secured by your car title. That means while you are taking out the loan, you put up your car as collateral. Doing so offers security to lenders in place of needing to demonstrate creditworthiness.

While credit may still impact your eligibility, it is generally not as much of a factor, as the car’s title serves as the security in the loan. Title loans are for those 18 or older who own their car outright and have no liens against the title. If you meet these simple criteria, then you’re able to apply and see if you’re approved!

How Can A Title Loan Help?

A title loan can benefit you in the short term by giving you liquid cash that you can use to cover your expenses. You should avoid using one of our loans for starting businesses, consolidating debt, building credit, or large purchases. Remember, title loans are a short-term cashflow option, not a long-term financial solution. Our clients tend to use them effectively for the following:

• Rent
• Utilities
• Medical payments
• Unplanned expenses
• Bills
• Repairs

The bottom line is that if a situation is likely to worsen over time, a title loan is an option worth considering. Take urgent home repair for example. Ignoring the problem will only cause the damage to worsen, making the repairs more expensive.

Similarly, disregarding payments for necessary home repairs will just tack on additional fees and expenses, as well as staining your credit. In this situation, if you don’t have any other options to tide you over, a title loan can help you lean on the value of your car title for quick cash.

What Do I Need To Get One?

If you think title loans are an option only for those with good credit, then you’ll be pleasantly surprised to hear that even those with poor credit can often get a title loan.

Unlike unsecured loans that are sealed with a handshake and a promise, secured loans like title loans are linked to the value of an asset, such as your car and the title of ownership. As such, if you have the following, you’re clear to apply:

• A valid driver’s license or state-issued ID – Passport, military ID, student ID, or non-driver’s license are all accepted.
• Your clear car title – Your car title must have no outstanding judgments against it. Demystified, you’ll need to make sure that you’ve finished making payments on your car and that no one has a claim against it. You can see this denoted on your paper title or electronic title, depending on which one you have.
• Your car itself for inspection – The amount you qualify for is determined by the value of your car. You’ll therefore need to bring your car for a quick in-person inspection, either at the loan office or a location you choose. This process takes just a few minutes.

How To Take Out One Of Our Loans

If you’re interested to learn more or apply, you can do so right here from our website. Simply fill out our convenient online form to get in touch with a qualified representative who will walk you through the rest of the steps.

Alternatively, you can call or visit one of our loan offices found on the Locations tab. Feel free to ask our helpful representatives any questions you may have about the title loan process.

Once connected with a representative, they’ll walk you through what to expect and set up a meeting, either at the store or at a location that works best for you. Whichever you choose, make sure you’ve got the required items listed above.

After the in-person inspection, the representative will potentially approve you for the loan, and you’ll receive your money the same day or the following business day.

Get Your Title Loan Today!

Idaho Title Loans, Inc. is here to help when you need to rescue your finances with an online title loan. As long as you own your car outright, a title loan might be for you. If you’re interested in learning more or getting started, fill out our quick request form to see how much you could qualify for 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.