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car title loans Coeur dAlene

Title Loans in Coeur d'Alene, ID

Sometimes things at work just slow down when you don't expect them to, and unfortunately it can sometimes lead to getting laid off. Sometimes you can take on a second job or pick up a hobby and make a little money doing that in order to get by until you're employed again. But sometimes you need a hardship loan to help you through your situation, and if you need money today but are unemployed, it's possible car title loans in Coeur d'Alene, ID could be the answer. These loans have some flexibility that others don't and can be used to pay bills, buy gifts, fund business investments and practically anything else.

How You Can Get Car Title Loans In Coeur d'Alene, ID If You're Unemployed

It's important to remember that each state has different laws about car title loans, and some require that title loan lenders check your employment and income to make sure you can repay the loan. Idaho does not have any specific laws requiring the borrower to give the lender proof of income showing they can repay the loan, but the lender could still require it as part of their terms. If you're unemployed, many lenders could still accept certain forms of income such as social security payments you receive, alimony, severance pay, income from a hobby or another source. But typically, since your vehicle is the collateral for car title loans in Coeur d'Alene, you just need to verify that you own it.

How You Can Be Sure Your Title Is Clear For Car Title Loans In Coeur d'Alene, ID

The reason car title loans in Coeur d'Alene, ID are called title loans is because your title is held by the lender until the loan and its fees are repaid. This is because while your vehicle is used as collateral for a title loan, the loan is designed to allow you to keep driving it since you probably need it to get around town. In order to hold your title, the lender will also need to be able to place a lien on it, and this means that you cannot have any current liens on your title. You need to make sure it's paid off with the dealership and has no towing or mechanic's liens on it, and usually once all payments have been made the DMV will issue you a brand new updated title.

Applying For And Paying Off Title Loans

While you usually start by applying for online title loans in Idaho here, you do still need to visit the lender's store so they can inspect the vehicle and go over the documents you'll need to sign. But you can enter your vehicle information here so that they have it already when you arrive, and you'll also get a quote for the amount you could borrow. You also will need to make sure you have a government-issued photo ID and potentially other insurance and registration information along with your title to prove the following:

  1. You are at least 18 years of age
  2. You are a legal resident of Idaho
  3. You completely own your vehicle

Usually the in-store application and approval part won't take long, but there are a few other things you should be aware of. You should make sure the lender is licensed to run a title loan business in Idaho. You should also know that title loan terms cannot last for more than 30 days, though you can renew them if need be. And there is also no penalty for prepayment, and if you want to opt out of the title loan you can return the money within a day of receiving it before the end pf business hours.