Title Loans in Nampa, ID
Being in a situation where you are unemployed and need money fast can be scary. You may think that you do not have a lot of options left. Fortunately, you can take out one of the title loans in Nampa.
Why Title Loans in Nampa are a Good Option
It is fairly easy to qualify for a title loan in Meridian. If you have a car that you own the title to and a consistent source of income, then you will likely get a yes from a lender.
The approval process is also quick. It can take over a week for you to know whether you have been approved by a traditional bank. However, the title loan lender is able to approve you more quickly because there are fewer checks that have to be done.
Applying for Title Loans in Nampa
You can apply for one of the car title loans in Idaho online. As long as you have access to the internet, you can fill out the application from your tablet, phone or computer. You will need to visit our website. The application will ask for some basic information about you and your car.
You will get a quote after you submit the application. The next thing that you will have to do is wait for a representative to get in touch with you. The representative will complete the application process.
How Much can I Borrow?
The amount that you can borrow will be determined by the value of your car and your income. In most cases, people are able to take out a loan that is 20 to 50 percent of what their car is worth. For example, they have a car that is worth $6,000. They can take out a loan that ranges from $1,200 to $3,000.
The lender will also consider your income. They want to make sure that people do not take out title loans in Nampa that they cannot afford. Additionally, your lender will work out a payment schedule for you based on your budget.
What if I Have Trouble Making Payments on my Title Loan?
Many people struggle to pay title loans in Nampa. Fortunately, there is help available. If you have trouble making your payments, then it is a good idea to reach out to your lender. Your lender can talk to you about rate and term refinancing. You can lower your interest rate and monthly payment by refinancing your title loan.
Idaho law restricts the title loan term to 30 days. However, the loan will automatically renew until the loan balance is paid off. If the loan is renewed at least three times, then you will have to pay at least 10 percent of the loan balance off before you can renew it again.
What it Means to Have a Clear Title
A clear title does not have any liens on it. You can call your auto loan lender in order to ensure that you do not have any liens on your title before you apply for a title loan.