How To Get An Idaho Title Loan In Pocatello Even With Bad Credit

If you think that bad credit will stop you from getting the money that you need, you might want to consider taking out a Pocatello auto equity loan from Idaho Title Loans, Inc. We are convinced that a low score should not prevent anyone from receiving financial assistance, but there are a few other requirements that you would have to meet.

Keep on reading to find out what those are. Below, you will also discover a convenient step-by-step guide on taking out a title loan.

How Can You Get A Title Loan With Poor Credit?

Usually, traditional banks and credit unions deny access to loans to people who have a poor or non-existent credit score as such people are considered risky borrowers. However, some lenders would allow you to take out a title loan even if your credit is far below average. That is because a title loan is a secured loan.

Secured loans require a specific form of collateral that the lender would use to offset some of the risks they take when lending money to people with less-than-perfect credit. In the case of a title loan, your car’s title would be used to secure the loan.

What Will You Need To Take Out A Title Loan?

Even though bad credit won’t necessarily prevent you from getting a loan, you won’t be able to qualify, if you don’t meet the rest of the lender’s requirements:

• You must be over 18 years of age
• You should have a valid state-issued ID or driver’s license (it would be used to prove your identity and age)
• A lien-free vehicle title registered in your name

Those who are still making payments on their car won’t be able to take out a title loan as they do not own the vehicle outright. Thus, they are not allowed to use the title as collateral.

An Easy-To-Follow Guide On Getting A Title Loan

Once you made sure that you have the required items (including the actual vehicle), you would typically have to:

1. Contact the lender over the phone or via an online inquiry form. You might also choose to come directly to the lender’s store.
2. After providing some basic information informing the lender of your interest, you would then speak with a representative. Make sure that they explain the process and address anything that you might find unclear about the process.
3. If you have contacted the lender using a form or over the phone, you would typically be asked to set up a meeting. During this step, your documents will be verified and your vehicle will be inspected. That’s when you’ll find out whether you qualify and for how much.
4. If approved, you would be asked to sign some paperwork. The representative will also explain how and where you can receive the loan amount. Don’t forget to find out how you can repay the loan – some lenders would require you to visit the store once again to make the necessary payments.

Are All Lenders Willing To Consider Different Types Of Credit?

If you know that you don’t have the best credit score, try to search for lenders that welcome all credit. We at Idaho Title Loans, Inc. are ready to consider various credit situations.

Would You Have To Drive To The Store?

Another reason why plenty of clients have decided to do business with us at Idaho Title Loans, Inc. is that we can help avoid all the hassles of a traditional loan.

You won’t have to find time in your day to arrive at one of our stores – our verification agent will come to a location of your choice to inspect your car. Your preferred place can be just outside your house, next to your office, or in a public area, whatever works best for you.

Furthermore, you wouldn’t have to come to us to make your payments. We have created an online payment portal that you can use to pay off the loan when the time comes.

Get A Title Loan Today!

We at Idaho Title Loans, Inc. are convinced that even those with bad credit should be able to get the money that they urgently need with the help of a Pocatello auto equity loan. As long as you’re over 18 and have a vehicle with a lien-free title, you might be able to qualify for most loan amounts in just 30 minutes.

By the way, if you are approved, you will receive the cash the same or the following bank day, and you also can keep your vehicle while making repayment on the loan. So, what are you waiting for? Complete the online form right now and you’ll soon receive a call with more information.

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