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What Do I Need for a Title Loan in Idaho?
When you need fast cash, title loans in Idaho can be a convenient option to consider for emergency financial assistance. Understanding the Idaho title loan requirements is the first step to securing a loan against your car:1
- Vehicle Requirements: Whether you are applying for a title loan on a Honda Accord, Chevrolet Traverse, or another qualifying vehicle, its title must be in your name at the time of your application. Additionally, your car, SUV, or truck must have a sufficient amount of positive equity to be used as collateral for the loan.1
- Income Requirement: Although you aren’t required to provide proof of a 9-5 job during your loan request, you will be asked to demonstrate your ability to repay the loan. Your loan amount and eligibility for funding are largely determined by your income and the value of your vehicle, so this is an important part of the title loan application process.1
- Age Requirement: You must be of legal age to apply for a title loan in Idaho.1
A car title loan allows qualifying Idaho residents to access up to half of their vehicle’s equity. If you begin the ChoiceCash title loan application process online by completing a quick questionnaire, you can instantly find out if you are pre-approved for funding!1
Upon receiving initial approval for a title loan, the next step is to submit the required paperwork to verify your application information. Besides a car title in your name, a loan officer will typically ask you to provide the following:1
- Proof of Residence: Whether you are applying as a resident of Boise, Meridian, Nampa, or another metropolitan area of Idaho, you must provide proof of address through recent utility bills or other acceptable documentation.1
- Recent Photos of Your Vehicle: Since your car’s value is an important piece of the puzzle for your title loan application, a vehicle inspection is required. When applying for a ChoiceCash title loan, you can complete a virtual inspection to verify your car’s current condition and overall value by submitting a few photos of your vehicle.1
- Proof of Income: As mentioned above, you do not need traditional pay stubs to verify your income. To be eligible for a title loan and prove your ability to repay the loan, you can submit recent bank statements, disability award letters, or another acceptable document.1
- Proof of Identity: Use your driver’s license, U.S. passport, or another valid, government-issued photo ID to verify your identity and age during your Idaho title loan application1
One of the biggest advantages of applying for a ChoiceCash title loan serviced by LoanMart is that your paperwork and vehicle photos can be conveniently uploaded to the customer portal online. If you prefer to send your documentation via email or text, just let your loan officer know during your application.1
Understanding Bad Credit Title Loans in Idaho
If you are struggling financially, you may not have a strong credit score. Qualifying for traditional bank loans with low creditworthiness will likely be challenging, but an unsecured loan is not your only option!
Consider applying for bad credit title loans in Idaho when you need fast cash to get back on your feet! You do not need a perfect credit score to secure a ChoiceCash title loan serviced by LoanMart. A title loan is categorized as a secured loan because an eligible borrower is required to use their car title as collateral for funding. The title loan application process is known for its flexibility, and Idaho title loans can often cater to bad credit borrowers. Apply online or call 855-422-7402 to speak directly with a ChoiceCash title loan agent and find out if you are eligible for a title loan with bad credit!1
When is an Auto Equity Car Title Loan a Good Option?
Applying for a loan is a significant financial decision, so you must consider all of your options before you sign on the dotted line. A car title loan can be a lifeline when you’re drowning in unexpected expenses, but consider the following items listed below prior to finishing your application:1
- Affordability: Consider whether you can realistically pay the loan back before you complete your application. When applying for a title loan in Idaho, your loan officer will be able to answer questions about your loan terms, such as the monthly payment, interest rate, and the amount of time you will have to repay the loan.
- Other Options: Before you take out a loan, take a closer look at your current financial situation and consider other options besides applying for a loan. You may want to think about asking friends or family members for help. In some cases, securing another job to obtain additional income can be a viable option to resolve some of your financial issues.
If you decide to pursue a title loan after considering the full picture, the benefits that come with securing a loan against your car include the following:1
- Emergency Funding: If you are eligible for a ChoiceCash car title loan in Idaho you can choose direct deposit or have your funds added to a debit card to access your money in as little as 24 hours!1
- Freedom to Use Your Funds: One of the many advantages of Idaho title loans is that you can spend your money as you see fit after receiving it! Whether you have unexpected expenses or unpaid bills, funds obtained through securing a title loan can be used to handle a variety of personal expenses.1
How Long Does it Take to Get a Title Loan in Idaho?
From start to finish, applying for funding can be simple and streamlined through ChoiceCash title loans serviced by LoanMart! It usually takes just a few minutes to complete the first step of your loan request, and if you begin your application online, you can instantly find out if you are prequalified for emergency funding.1
If you have bad credit but need speedy cash, you can expect a hassle-free Idaho title loan application process that was designed to help borrowers like you during financial emergencies. In some cases, approved ChoiceCash title loan borrowers can receive their funds on the same day they are approved!1
To speed up the process, consider gathering all of your paperwork in advance and ensuring that your documents are valid and up to date. Being as prepared as possible is the simplest way to glide through your application and be one step closer to securing fast funding in as little as one business day.1
How to Secure a Car Title Loan in Idaho
Applying for emergency funding should be as simple and stress-free as possible. If you’re ready to secure a loan against your car, take advantage of the fast, three-step application process for ChoiceCash auto equity title loans in Idaho:1
Click or Call to Get Started
The first step to securing a loan against your car involves choosing whether to begin your loan request online or over the phone. If you prefer to get started online, all you need to do is complete a short prequalification form. You have the option to call 855-422-7402 if your preferred method is to speak directly to a loan officer.1
Provide Your Paperwork
As mentioned above, if you are initially approved for a title loan, a title loan agent will request that you submit a few documents to verify your information, vehicle ownership, and income. Upload your paperwork and vehicle photographs online or send everything through email or text message to a loan officer for your convenience.1
Sign Your Agreement & Receive Fast Funding
After your paperwork is reviewed for completeness by a ChoiceCash title loan agent, the next step is to find out if you are fully approved for emergency funding. Upon final approval, the last step is to choose how to get your money and sign your loan agreement! ChoiceCash title loan borrowers in Idaho can access their funds through direct deposit, receive a check in the mail, or pick up their money at any participating money transfer location in Idaho.1
HOW CAN I PAY FOR MY CAR TITLE LOAN IN PERSON
Pay for your car title loan at any MoneyGram location in Idaho. MoneyGram is often located in convenient public stores such as Wal-Mart, Kroger, or CVS. Call 855-422-7402 to discuss your options with a loan expert, or see the map and location list below to see where your nearest participating MoneyGram location may be located:
For the sake of convenience for Idaho customers, below is a map and list of just a few locations in the area, with many more statewide locations found here.
Demographic and Financial Statistics for Idaho
The below table provides some of the key income, loan, and financial statistics for Idaho, which are intended to give you a better understanding of how your financial circumstances compare to other Idaho residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:
| Average credit score (VantageScore®) | 706 |
| Average FICO® score | 729 |
| Average student loan debt | $32,403 |
| Average credit card debt | $5,213 |
| Average monthly car loan payment | $475 (Lease) $535 (Loan) |
| Share of households that rent | 28% |
| Average rent | $886 |
| Median gross rent | $1,061 |
| Median value of owner-occupied housing units | $331,600 |
| Median monthly owner costs - with a mortgage | $1,520 |
| Median monthly owner costs | $449 |
| Number of bank branches | 403 |
| Median household income | $70,214 |
| Per capita income | $49,919 |
What Locations in Idaho Can I Get a ChoiceCash Title Loan in?
ChoiceCash is proud to service residents all over Idaho including metro areas . Call 855-422-7402 to discuss your options with a loan expert. If you are looking to pay back your title loan in person, check out the city list below to see where your MoneyGram locations near Title Loans Idaho:
