The Basic Requirements For Title Loans In Twin Falls, ID
Are you experiencing a financial crisis, and need money fast? If so, you may be worried about the complicated loan criteria of a traditional bank or credit union, not to mention the long approval process.
At Idaho Title Loans, Inc. we try our best to keep it simple. So, when you don’t have the time or patience to go through a long application process, we can help.
Our fast and efficient loan process can provide approval for title loans in Twin Falls, ID as quickly as the same day with only a few requirements.
Getting A Twin Falls Title Loan
What You DON’T Need To Get A Loan With Us
Banks set very high criteria for approving a loan. First, there's the high credit score. Anything lower than 670 and you’ll have to present additional documents, like income statements or bank statements.
That’s not all. Banks will also look into your employment history. If you don’t have a regular job, or if you have a history of unemployment, you’ll be seen as a credit risk. If you’re a freelancer, part-timer, or have seasonal income, you also need to show additional documents to prove that you have a steady, reliable income.
That’s why it’s much easier to get title loans in Twin Falls, ID. You don’t need a minimum credit score, minimum income, or proof of employment. As long as you have a way to meet the loan payments on time, there’s nothing stopping you from applying.
What Is The Most Important Requirement For A Twin Falls Title Loan?
This type of loan requires your car title as collateral. You don’t need to have a brand-new car or a fancy model to qualify, as long as the vehicle:
- Is registered under your name
- Is fully paid for / owned outright
- Has a lien-free vehicle title
What Does A “Lien-Free” Vehicle Title Mean?
A lien is a legal right that is placed on the title. When you use any property as collateral or security for a loan, the lender places a lien on the title until the loan is paid off. The courts can also place a lien if a property is under dispute.
So, a lien-free vehicle title basically means that the title is clear, and is not being used as collateral for another loan. If you have that, as well as a title registered in your name, you already qualify for title loans in Twin Falls, ID.
What If The Car Title Is Not In My Name?
The law requires that only the legally registered owner of a property can use it for security on a loan. So, if the title isn’t in your name, you’ll need to visit your local DMV (Department of Motor Vehicles) to have it transferred.
My Vehicle Title Qualifies—What Do I Do Next?
If you have a lien-free vehicle title that is registered in your name, everything else is easy. Just fill out the online form on the Idaho Title Loans, Inc. homepage, submit it, and one of our representatives will call you to explain the title loan process and set up an appointment at a branch near you. You can also call the branch directly during business hours.
Before you visit the branch, be sure to gather the requirements needed for approval:
- Lien-free vehicle title
- State-issued ID such as a driver’s license, passport, military ID, etc.
- Vehicle for inspection
You will need to bring the title and your identification card so we can verify that you are the owner and that the vehicle is lien-free. The vehicle inspection is simply to determine how much you can qualify for. Depending on its condition, you can borrow up to $15,000 with a Twin Falls title loan.
How Long Will The Process Take?
We have one of the quickest loan processes. As long as you already have all the requirements on hand, you can get your money the same day you apply or the following business day.
The online form will take just minutes to fill out, and you’ll get a call from the representative soon after. The in-branch process, where we verify documents and inspect the vehicle, can take less than 30 minutes.
When the inspection is done, the loan representative will determine if you qualify for the loan. Once the loan is approved, you receive the cash. If it was approved after the cut-off time, you receive it the next business day.
It’s unlikely that your approval for a Twin Falls title loan will be delayed. Since you’re able to talk to a loan representative over the phone, as well as in person, there won’t be any back and forth, confusion, or missing information that can hold you up. The process is straightforward.
Get Emergency Cash Now
If you have an urgent financial emergency and need to raise money right now, we are here to help.
Just fill out the online form and submit your request for title loans in Twin Falls, ID today. Our representatives are waiting to assist you now!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.