5 Do’s and Dont's for Successfully Getting an Auto Title Loan

April 13, 2021 | Mason Roberts

Man pointing at Do's and Don'ts

Qualifying for car title loans can be intimidating when it's your first time. So, here's what you need to know but what nobody is telling you.

The 5 Do's and Don'ts of Getting an Auto Title Loan

Getting approved for an auto title loan is easier than most people think, but that doesn't mean you can apply for one without gaining some basic knowledge first. Understanding how the process works is important, especially if you need emergency money fast but have bad credit to bring to the bank. Here's what you need to know:

1. Your Credit Score Doesn't Really Matter.

Title loans use your vehicle ownership documentation as collateral, meaning your credit rating isn't always a factor for approval. So, even if you have imperfect credit or lots of negative marks on your report, it really doesn't matter.

DO: Monitor your credit report on a regular basis to keep track of any mistakes or opportunities for dispute.

DON'T: Worry about your consumer credit scores before trying to get a title loan approval.

2. You Can Keep Your Car When You Get an Auto Title Loan.

Just because you use your vehicle ownership documents for a quick loan doesn't mean you can't still drive it around as though you own it. As long as your contract remains in good standing, there's no reason to get rid of your ride.

DO: Make sure to pay your auto title loan bill in full and on time each month to keep possession of your car.

DON'T: Forget to communicate any potential money problems with your Cash Cow agent when/if they occur.

3. Louisiana Allows Title Loan Payouts of up to $1,400.

With Cash Cow Louisiana, Inc., qualified applicants can get approved for over a thousand dollars within 24 hours of submitting their application for an auto title loan. However, certain criteria must be met for applicants to qualify for that much money.

DO: Understand the minimum requirements before applying for a title loan.

DON'T: Neglect to clean up your vehicle and transfer the title into your name prior to the agent's compulsory inspection.

4. The Application Process is Extremely Simple.

You can get approved rather quickly, and submitting a request for money is easy too. In most cases, you'll only need a few key pieces of information to qualify for a big bucks boost.

DO: Make things simpler by gathering all of the necessary items before meeting with your loan agent.

DON'T: Approach banks first because they'll put an inquiry on your credit report that will drop your scores even more.

5. You Can Get an Auto Title Loan Online

These days, the power of technology allows consumers to request fast funding from the comfort of their own homes. With Cash Cow Louisiana, you can get the process started either by calling the company directly, stopping by one of the store locations or schedule a meeting with a rep in a place that’s comfortable to you.

DO: Apply online to expedite the process even more and guarantee swift approval if you qualify.

DON'T: Waste your resources traveling to the Cash Cow location unless you're already in the area.

Money is tight for you right now. You're running out of options, and it's happening a lot faster than you planned. So, play it smart by using a credit-friendly auto title loan instead of going without or begging the banks.

Steps for Getting an Auto Title Loan in Louisiana

Man in a car happy about auto title loan cash

It may seem like a lot of work to get approved for a car title loan in this state, but it's actually quite simple. Besides minding the 5 essential do's and don'ts listed above, follow these 3 easy steps to receive fast approval and get your title cash as soon as possible:

1. Submit an Online Form for Faster Processing.

This part is pretty easy, and it only involves you filling out a short questionnaire on the Cash Cow website. You can complete the entire thing in minutes, then about a half-hour later, your agent should call. That's when you'll get preliminary approval and have the chance to complete the rest of the process that same day.

DID YOU KNOW: Cash Cow agents can travel to your location and process the second portion of your title loan on the spot.

2. Get Your Required Items Ready While You Wait.

This second part of the process is just as easy, but it does require a few items either way. Here's what your loan agent will expect to see when they arrive:

  • Your vehicle for a quick inspection
  • Your state-issued driver's license or a photo ID
  • The lien-free title to the vehicle (in your name)

3. Get Your Approval and Cash

Allow the agent to review your paperwork and determine the amount you qualify for. He will also explain you the repayment options at this stage, and if everything seems to your satisfaction, sign a few more papers and walk out with money in your pocket.

Get Your Auto Title Loan Today!

In times when urgent financial expenses are forcing you to look for alternative ways to get fast cash, you can exchange your title for cash and get $1,400 in as quickly as 30 minutes. If you feel that this is the right option for you, don’t waste your time and apply for you auto title loan with Cash Cow Louisiana, Inc. today!