Let’s create a scenario: you’ve been out of a job for two months and your savings ran out three weeks ago. You finally got a job but the rent is seriously late. The landlord has already threatened you with eviction. It will be four weeks before you get a real paycheck. What would you do?
The perfect solution is getting a personal loan to bridge the gap. But what if your credit isn’t good? Suddenly, an uncomfortable situation becomes a desperate one. Without a loan, you’ll be evicted. Without a home, you may lose your job. Are there any solutions for people with damaged credit?
Luckily, there are. They’re called car title loans in Preston, Idaho. Auto title loans in Preston are secured, no-credit-check loans. “Secured” means you have to put up something of value as a way of promising you’ll repay the loan. The security for vehicle title loans in Preston is pretty obvious: it’s the title to a car or truck you own outright. Unsecured loans, on the other hand, are approved only if your credit history is excellent.
Handing over your car title for a loan — that’s craziness! Isn’t it?
Actually, it isn’t. Your car is valuable. Too valuable to lose. That’s why lenders like us feel safe lending large amounts of money to people without requiring the usual credit check. We know you’ll repay your loan because you aren’t going to risk losing your car.
Also, when we determine the loan amount, we base it on how much the car is worth, not on your background check. Depending on the car you own, you could very well qualify for a five thousand dollar loan in Preston, or even more — all without a credit check.
Here is a quick run-down of how car title loans in Preston work: you own a car. You bring it and its title to us. We inspect it and offer you a loan. If you like it, we enter into a loan agreement. You give us the title and we give you the money. While you make your payments, we’ll hold on to your title and you’ll hold on to your car. Make all of your payments and we’ll give you back your title.
Every time you borrow money, there’s a risk something will go wrong, but only if you enter into the arrangement without understanding the costs. We always explain our interest fees, payment amounts and ultimate payback in full before you sign your loan documents. If you take on a loan you can’t afford, you’re risking losing your car.
How? When we take your title, we place a temporary lien on it. This means that if you default on your loan, we have the legal right to seize your car and sell it to recoup our losses. However, most title lenders, like us, don’t want this to happen! We’d rather work with you. We want a satisfied customer who will come to us again and again.
How to Apply
Start online by getting your free loan quote (see the form to the right). The full application is short and simple. You’ll need these items when you come to our office:
We accept all forms of income, including those from alternative sources like child support, disability and social security.
What if I have bad credit?
We’ll never check your credit, so it doesn’t matter!
What if I’ve lost my car title?
Visit your local county vehicle licensing office to apply for a duplicate before coming to see us.
How much can I borrow?
That depends on your car. We may loan you $500, or we may loan you $10,000!
What if I still owe money on my car?
If you only have one or two payments left, we may be able to help.
The title is in my spouse’s/parent’s/friend’s name. Can I still use it?
No. The person on the title will have to apply, or sign the title over to you.
Will I have my car repossessed?
Only if you stop making your payments and refuse to talk to us. Please call us if you’re having trouble. We really want to help.
Aren’t you curious about how much money you qualify for? Find out now. If you like the numbers you see, let’s talk. We might be able to put the money in your hand by the end of today!