holding title loan money in car

How To Use Vehicle Title Loans To Address An Urgent Expense

Financial stress can affect your physical, mental, and emotional well-being. All you can think about is how to raise money for that emergency expense. It’s affecting your appetite, sleep, your concentration at work, your mood, and even your relationships.

Stop worrying, and gain control of your finances and your well-being. Vehicle title loans can help pay for urgent expenses. The loan request process is fast and convenient, and you can gain approval (and your money) on the same day.  

Here’s how to get vehicle title loans near me to address an urgent expense—and finally escape financial stress.

What Are Vehicle Title Loans?

Vehicle title loans are personal, short-term loans where you use your vehicle title as collateral or security. You can borrow up to $15,000 depending on the model, age, and condition of your car or truck.

woman needs vehicle title loans for urgent expense

Can I Apply Even If I Have Bad Credit?

Yes. You can qualify even if you have bad credit or no credit history, and you don’t have to meet any employment or income requirements.

That’s why vehicle title loans are much easier for people whose income comes from part-time work, freelancing, or home-based businesses or “non-employment” sources such as pension or alimony. You don’t have to prove your income with countless documents, and you don’t need to ask someone to co-sign your loan.

Do I Need To Give Up My Car When I Get Vehicle Title Loans?

Using your vehicle title as collateral does not mean that you have to surrender your car. You are just using your title as a security or a pledge to follow the loan agreements. To formalize this, the lender places a lien or legal claim on your title.

The lien is lifted as soon as you complete all your payments. Aside from the fact that you can’t sell the car or use it as collateral for any other loan while the lien is in place, it won’t affect the way your life in any other way. You can keep and use your car while repaying the loan.

Is My Vehicle Eligible To Use As Collateral?

You can use any car or truck to get vehicle title loans, as long as it meets these requirements:

  • It is registered under your name. Under the law, only the owner of any property can use it as collateral for a loan. Ownership is proven by having your name on the title and presenting a valid state-issued ID with a photo. If the name is not on the title, or there is a clerical error and the name doesn’t exactly match your ID, you need to go to the Department of Motor Vehicles to have it changed.
  • It is owned outright. You have finished paying off the car loan.
  • The title is lien-free. It is not being used as collateral for another loan or involved in any court judgments or claims.  

How Do I Apply For Vehicle Title Loans?

We have good news—with Idaho Title Loans, Inc. it is really easy to find vehicle title loans near me and submit a title loan request. You can complete the entire process in just one day!

To get started, fill out the online inquiry form. The information is then immediately sent to the nearest lender location, and a loan representative is assigned to assist you through the entire process. He or she will call you to explain more about the process and required documents and answer any questions you may have.

man holding car title loan cash

Then, the loan representative will set up an appointment at the branch. All you have to do is bring your lien-free vehicle title, a valid state-issued ID like a driver’s license or passport, and your vehicle for inspection. The loan representative will verify your documents and then evaluate your car or truck’s condition to determine the loan amount you qualify for.

It could take as little as 30 minutes for the loan representative to finish looking at your documents and inspecting the vehicle. You’ll find out right away if you are approved and receive your loan packet. If you are amenable to the terms, you just need to sign a few more papers, and you’re done!

Once the loan packet has been signed, you receive your cash either the same day or the next business day.

Don’t Stress Over Urgent Expenses—Find Emergency Money Now!

Worrying about financial emergencies is counterproductive. You waste time and energy that you could spend on work and earning the money you need! It’s better to find a quick solution to the problem, so you can move on and focus on more important things.

If you decide that a vehicle title loan is the right move for you, the solution is just a few clicks away. Just go to the online form, and in just a few seconds, you’ll be connected to vehicle title loans near me. If you start your online request now, you can have your money today or the following business day! 

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

Emma Frost

Emma Frost is a lifestyle and finance blogger with a talent for communication and a passion for financial literacy. She uses her writing talents to explore topics that help her readers gain financial stability and growth.