Car Title Loans: Boise, ID
You may have heard a little bit about how car title loans can get you money quickly, and that is true. With car title loans, Boise borrowers can have money in hand in as little as a few hours. But just what is a car title loan and why should you consider one?
Well, car title loans are a type of short term collateral loan. The short term part of that means that borrowers generally get between one and a few months to repay, though loans may be rolled over depending on the specifics of an individual loan.
The collateral loan part means that your loan is secured by your car’s title. You keep the car, itself, but the title is held by your lender while you borrow as collateral for your loan money. This instantly secures the value of your loan, and allows your lender to get that money to you quickly and easily.
All you need is a clear car title with no liens against it to get started. Using just that, you could have your loan ready in minutes, and cash in your account in no time at all.
The Title Loans Boise Borrowers Love
When getting title loans, Boise borrowers have plenty of options to chose from, and your best bet for finding a loan you’ll love is with us at Platinum Lending. We bring borrowers completely online title loans from a number of secure, trustworthy lenders across Idaho.
All we need is a little bit of information about your car to get going, including:
- Your vehicle’s model year
- Its make
- Its model
- Its style
- And its estimated mileage
With this information we will be able to get you an instant, free title loan estimate letting you know how much you could get from your loan. Then, we will work with you to determine exactly what you need from a title loan, and match you with loans from our secure lending partners that are custom selected to meet your personal needs.
You still approve everything. We simply take care of the lengthy research process so that you can get your title loan quickly, easily, and without any additional stress. That way, you can have cash fast to help you take care of whatever you need, whether that is an unexpected medical expense, a bill you didn’t know you would have to pay, home or appliance repair, educational expenses, or anything else you just need a little bit more time to budget for.
Idaho Title Loan Regulations
Title loans are a great way for borrowers to take care of their immediate financial needs, and the State of Idaho has set some regulations for lenders that help ensure loans stay safe and accessible for borrowers. Knowing what your rights are as a borrower will help keep the lending process as easy as possible.
Title loans in Idaho are dependent upon a written loan agreement between the lender and the borrower. This agreement should be made available to you after you apply but before you actually commit to a specific loan. The agreement should detail a value for the loan agreed upon by both parties, as well as a maturity date for the loan agreement.
Borrowers should also receive a set of disclosures stating:
- The loan is not for long term needs
- It should only be used to meet short term cash needs
- Additional interest will be charged if the loan is renewed
- These loans may be a higher interest loan
- And more, which can be found in the Idaho Statutes
To get a loan you know meets state regulations and that you can trust, just get in touch with us at Platinum Lending. We will help you find the loan of your dreams, and keep the whole process fast and friendly.