6 Useful Tips For Getting Your First Title Loan In Louisiana
Looking into getting your first title loan in Louisiana? We know that you may be a little bit worried about the process. However, don't worry. It is a whole lot easier than you may think. On this page, we want to share with you a few tips that we feel will help make the process smoother for you.
Things To Do Before Getting Your First Title Loan In Louisiana
1. Know How Much Cash You Need
It is always wise to have some idea about how much cash you need, as well as what you are using it for. A title loan is designed to cover emergency expenses such as:
- Repair costs in your home
- Vet bills
- Medical bills
- Late payment bills
Basically, a title loans can help you with anything that you need to pay now and cannot cover with your next paycheck. You should only ever borrow the amount of cash that you need. Don't ever borrow money for the sake of borrowing cash. This is a mistake whether you are getting your first title loan in Louisiana or your 5th one.
2. Know How You Will Be Able To Repay Your Title Loan
Cash Cow will not ask for any income details when you inquire about a title loan with us. However, you should still have a rough idea of how you plan to pay your title loan back. Of course, you should never be borrowing cash unless you can pay it back. Many people who do inquire about title loans will be temporarily unemployed or on benefits, which is fine. However, you do still need to have a plan.
3. Know How The Title Loan Process Works
Before getting their first title loans in Louisiana, a lot of people do their own research. In some cases, this results in misunderstanding how the borrowing process works or perhaps believing in a few myths.
One of the most common myths is that the lender will keep hold of your vehicle while you are paying back your loan. This is not the case. You can keep using your vehicle while paying off your loan. We will just keep our hands on the title to your vehicle.
You should also understand the purpose of the vehicle inspection. Not many people do. When you inquire about a title loan, your vehicle will need to be inspected to determine the value. This allows us to determine how much we can lend you. So, while you may have a rough idea of how much you can borrow, the actual amount you qualify for may be different.
4. Determine Whether Your Vehicle Qualifies For a Title Loan
You will not be able to obtain a title loan for all vehicles. The most important thing is that your vehicle has a lien-free title (no outstanding financing or judgments). You can only obtain a title loan for cars, trucks, or vans.
5. Gather All Required Documents
You won't need that many documents for a title loan. However, it is worth gathering them in advance. It can help to speed up the process a little bit:
- Your photo ID
- The lien-free title to your vehicle in your name
6. Find A Reputable Lender
It is important that you use a reputable lender in the state. One that has been in business for many years, has good reviews, and enough locations throughout the state (that way, it will be easier for you to travel). Cash Cow, for instance, has been in business for more than 20 years, and throughout this time, has established a reputation of a reliable lender.
Looking For Your First Title Loan In Louisiana? Try Cash Cow
Cash Cow ensures that the entire title loan process is as fast and easy as possible, and this is how it works:
- We have a short form on our website that you can fill in.
- One of our team members will call you on the phone. They will discuss the information that you submitted as well as ask a few more questions. We will also make sure you have the required documents for a title loan.
- You will be asked to come along to your local Cash Cow location for a vehicle inspection.
- Once we have determined how much you may be able to borrow, you can sign your loan agreement.
- You can receive your money as soon as the same day. If you do not have a checking account, we have alternative methods of providing you with the cash that you need.
The entire process can take as little as 30-minutes from the moment you meet with our representative.
Inquire About Your First Title Loan in Louisiana Today
Getting your first title loan in Louisiana isn't that difficult. Armed with a few tips, we are confident that you can get through the process with ease. It all begins by filling in a short form for title loans online. Submit your inquiry today to see how much you can get with your first title loan in Louisiana.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.