TITLE LOANS IN IDAHO
WITH QUICK APPROVAL

How Do Title Loans Work In Idaho & How Much Can I Borrow

Do you have bad credit and are looking for a way to quickly get cash in Idaho? If so, you may want to consider a car title loan. Unlike an unsecured personal loan, you can get funded in one business day or less, and your credit score won’t be a significant factor in underwriting. Title loans use a vehicle as collateral for the amount loaned, and you can pay off the amount borrowed over months or years. Apply with Premier Title Loans online or call 800-250-6279, to get a title loan with same day approval and funding!

Loan amounts start at $2,500 and go to $25,000 in some cases for high value vehicles. The interest rate on title loans in Idaho isn’t capped, and the loan term can be longer than 12 months. Just because the interest rates are high on auto title loans doesn’t mean you can’t shop around for the best lending terms. Get multiple quotes from title loan companies to compare different APRs and payoff amounts.

Bad Credit? You Can Still Get A Car Title Loan In Idaho

Do you have a credit score of 600 or less and are you constantly turned down for a bank loan? Title loans are perfect for people with bad credit, and Premier Title Loans is here to get you pre-approved regardless of prior credit concerns.

Someone with an adverse credit history can still be approved for a title loan in Idaho! The reason for this is that the collateral of your vehicle secures the loan. As long as you have a paid off car or truck with a clear title, you should be able to get approved for a title loan even with poor credit. Some title loan companies won’t even check your traditional credit profile. They may run a secondary credit check to verify your details, but they’re more interested in the car’s collateral versus an applicant’s recent credit history.

Apply For An Idaho Title Loan – What Is Required

Applying for a title loan in Idaho is easy with Premier Title Loans. We can take your online application and process the paperwork in less than an hour. We can even match you with a local company that should let you do the vehicle inspection and title transfer on that same day!

The requirements for a title loan in Idaho are straightforward, and you can check the main document off the list if your car is paid off! Your car title is the most crucial requirement with an Idaho title loan company. It needs to be free of any liens, and you can’t have any recent repossessions or bankruptcies. Other than that, there are very few requirements for 24 hour approval, other than income verification, vehicle insurance coverage, and proof of registration from the Idaho DMV. A loan underwriter looks at the value of your vehicle when determining a loan amount and most newer cars will qualify for a title loan of at least $2,500. The more your car is worth, the better its condition will lead to a higher funding amount with more favorable payoff terms. For instance, a car or truck valued at $9,000 can lead to a funding amount of $3,500, and higher amounts are possible if the vehicle is in excellent shape with low mileage.

Benefits To Consider With Idaho Title Loans

The best part about applying with Premier Title Loans is that you can get funded quickly. We work with direct lenders in Idaho that offer same-day funding. Most will send the money straight to your bank account through ACH or with a bank wire. You can also pick up a money order at any location in Boise, Idaho Falls, or Pocatello, just hours after calling us or submitting your vehicle information online.

A significant benefit of car title loans is that the underwriting process is easy for anyone with a paid off car or truck! If you own a vehicle with a clear title and can provide some basic income details, you have an excellent chance of getting approved regardless of your credit score or other reasons that would disqualify you for an unsecured bank loan.

Another benefit often overlooked with a title loan is that you can always refinance your loan and get a quicker payment term. Interest rates on title loans in Idaho are high and can be challenging to repay if you have an APR of 50% or higher. However, if you apply for refinancing with Premier Title Loans, you can get out of debt quicker and get your car’s title back by lowering the interest rate on an existing loan. Refinancing is not an option for everyone, especially if you’re behind on your payments, but there’s no risk to get a pre-approval quote with us. Call Premier Title Loans at 800-250-6279 to see how much you can save by refinancing!

What Are The Negative Aspects Of Title Loans In Idaho

The biggest downside of title loans is definitely that they come with high interest rates. In some cases, you’ll see a lower APR than what’s typical with payday loans. However, you can still expect an APR over 50% with an auto title loan, and some lenders in Idaho have rates of nearly 100%

Another thing to consider with car title loans in Idaho is that you risk having your vehicle repossessed if you miss a payment. If you default on your loan, your vehicle can be repossessed and sold at auction to recover the principal loan amount and any additional fees. There’s always a risk of losing your car with a vehicle title loan.

I’m Ready To Apply For A Title Loan In Idaho – How To Get Started?

Apply online, over the phone with Premier Title Loans, or in person at lending locations in Boise and Meridian, where most companies offer funding in 2 hours or less. However you choose to submit your information, we’ll help you through the pre-approval process and get you cash for your vehicle’s equity! Loan amounts start at $2,500 in Idaho regardless of your FICO score.

Apply online with Premier Title Loans or call us at 1-800-250-6279. We can get you a no-obligation quote in less than 10 minutes, and all we need is your car’s year, make, and model to get started!