Are There Really Advantages Of A Title Loan?

There are plenty of advantages of using car title for loans. These benefits – which include things like helping you with emergencies and having a simple process – can make all the difference in helping you decide to get vehicle title loans. This is why it is important you know about the benefits of title loans so you know if this loan can really help you out. So if you are on the fence about getting vehicle title loans, here are five top advantages that you need to know about right now.

Here Are The Top 5 Advantages Of A Title Loan

1. You Don't Need A Good Credit Score

People that have dealt with banks or other financial institutions know how difficult it could be to get a loan with bad credit. Traditional loans require an almost perfect credit score before they even consider lending to you. However, one of the benefits of a title loan is that this isn’t the case with us at Cash Cow. Even if you have a poor credit score, you can still check to see if you qualify for approval. While approval isn’t guaranteed, we won’t automatically disqualify you if you have poor credit.

2. They Can Fund Emergency Situations With Ease

As we said in the beginning, being able to fund an emergency quickly with a title loan is a big advantage. With us at Cash Cow, if we are able to approve you, you can receive the money you need either later that same day or the next bank business day. This allows you to quickly address your emergency before it gets worse. And if you are wondering, the most common scenarios that title loans can help with are as follows:

• Funding urgent travel costs — Everybody loves a vacation. However, it quickly becomes the most stressful ordeal when an emergency arises at home, requiring you to get the next flight back. Therefore, you can get a title loan to cover the same-day ticket to come home.
• Paying for medical bills — Emergency medical attention is expensive, even with a high-quality health insurance plan. Sometimes, your treatment won't be covered, or you can't afford to pay the deductible out of pocket. Thus, you can use title loans to help lower those costs.
• Covering veterinary fees — Out of hours veterinary care is essential but pricey. And if your pet needs surgery or medication, that is even more expensive than a regular veterinary check. Many people use title loans to fund the otherwise unattainable costs.
• Covering home repairs due to a bad storm — Leaky roofs, broken windowpanes, and water damage are all time-sensitive and costly problems. While you should always try to use an emergency fund, title loans can let you address these emergency repairs quickly.

3. You Can Get Up To $1,400

The next benefit of getting vehicle title loans is how much you stand to get. If you are approved, you could get anything up to $1,400. This is a good amount of money to help you handle your emergencies easily. And as we said above, you can get this money either on the same day you are approved or the next bank business day. The way we decide how much to lend you is through a vehicle inspection. This means you should make sure your car is in good working condition before we meet you.

4. You Can Keep Your Vehicle While Repaying The Loan

Contrary to what you may think, you don't have to stop using your vehicle while you repay the loan. This is another big thing when you think about the benefits of title loans. We are using your vehicle’s lien-free title as the collateral, not the vehicle itself. This means you are free to use your vehicle as you see fit while you repay the loan. Just make sure to stick to your repayment plan, and your car will never leave your side.

5. The Requirements Are Easy to Meet

The last advantage is our easy and short required items list. We make sure to keep our list of items short so that you can remember to bring everything. Plus, the items we do require are all simple items to gather. In fact, chances are you already have all of these items with you already! All you need is your driver’s license or state-issued photo ID, your lien-free vehicle title in your name, and the vehicle for a quick inspection.

Getting Through The Process Is Simple

The last of the benefits of title loans is our simple process. If you're in the middle of financial hardship, understanding how to get a title loan can be the difference between moving on with your life and staying stressed. Even though you know the advantages of using car title for loans, you've yet to dive deep into the process. Luckily, we've made sure to make the process easy for anyone to get through as long as they have the required items. Just follow the steps below to know what to expect:

1. Connect to your nearest Cash Cow store by giving us a call or filling out our simple online form found right on the homepage of our website.
2. If you choose the form, we will give you a call to ensure you have the required items. We’ll also determine whether you’d like to meet at the nearest store or another location for the car inspection.
3. Regardless of where we meet, make sure you have the required items. We'll inspect your vehicle to figure out how much money we can lend to you and verify your items to determine if you qualify for approval.
4. If you are approved, all we have to do is go over the loan terms and help you finish filling out the paperwork. Once you’ve signed the papers, you can get the money either the same day or the next.

Submit Your Online Form To Us Right Now!

From an easy process, quick money, and simple requirements, there are many advantages of using car title for loans from us at Cash Cow in Louisiana. If you're dealing with a crisis and don't know where to turn, getting vehicle title loans could be the help you need to ease your financial stress. So, don’t wait any longer and complete our easy online form today or call your local Cash Cow to kickstart the process now!

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.