Title Loan FAQ

Home/FAQ/Title Loan FAQ

Title Loan FAQ

What are the interest rates?
Our title loan interest rates start as low as 80% APR and go up to 150% APR, which works out to be just $6.66 per $100 per month up to $12.5 per $100 per month. (The APR is based on the amount borrowed).  This is half the rate of other Boise title loan companies!
What if I miss a payment?
We will work with you to help you get back on track.
Could Ideal Lending, LLC take possession of my car if I fail to make my payments?
We do not want your vehicle, we want to make sure that you keep your car and have the ability to repay the loan; we do reserve the right to re-possess the car in extreme cases.
How much time do I have to pay back the loan?
Most title loans are set up for one month or your payday around that time, if you need more time, extensions are available.
How much can I expect to get?
We can issue most customers up to the low blue book value of the car, or what you can afford to pay back based on your disposable income.
What if I have an older car?
All cars have value!  Older cars are fine.
Do I have to be a certain age?
You need to be 18 years or older.
What if the car is in my parent’s name?
The title does need to be in the applicant’s name. Also it should be clear and free of any liens. If the other person on the title want to co-sign, we can also issue the loan
What state can my title be issued in?
The title needs to be in the same state you are applying for a loan.
By | 2017-04-18T17:25:55+00:00 June 1st, 2013|FAQ|0 Comments

Leave A Comment