Are There Loans For Credit Score Under 500 In Louisiana?

Despite what you may currently believe, there are loans for credit score under 500 in the state of Louisiana. In fact, you don't even have to look too hard to find them! Unlike traditional financing options, two loans from Cash Cow don't require you to have a near-perfect credit score, nor do they come with countless qualification criteria. In the following sections, here are the two loans you can look into from Cash Cow.

Learn About The Two Types Of Loans For Credit Score Under 500

By now, you're probably wondering which types of loans for credit score under 500 we're talking about. When you come see us at Cash Cow, you have the option of getting either payday loans or LA online car title loans to help you with emergency expenses. Both loans allow you to find out if you can qualify for approval despite having a poor credit score. Here is more information about both loans so you can decide which one would better help your situation.

Payday Loans

Payday loans are loans initially designed to bridge the gap between paydays – hence the name. Everybody experiences financial difficulties at times, and payday loans can be helpful in tiding you over until your next paycheck comes in. Here at Cash Cow, we offer payday loans to borrowers with bad credit needing between $100 and $300 to fund emergencies. You can use the money to cover medical bills, veterinary fees, home repairs, vehicle repairs, and even urgent travel.

If you are interested in this loan, all we ask is that you have a driver’s license or a state-issued photo ID, a blank check from your checking account, and your most recent pay stub. You can start the process online by filling out our online form. However, the in-person portion takes a minimum of 30 minutes and requires you to visit your local Cash Cow store with the required items. If you are approved, you can get the money either on the same day or the next bank business day.

LA Online Car Title Loans

Sometimes, you need loans for credit score under 500 that offer opportunities to borrow more than $300, and that's where car title loans come in! With our LA online car title loans, you can borrow between $300 and $1,400 for more extensive emergencies requiring larger sums of money. Like payday loans, you don't need much to find out if you qualify. However, unlike payday loans, you must own a vehicle outright to get title loans.

The lien-free title – which signifies you own the vehicle outright – is what we use as the collateral. You will also need to bring in your vehicle for a vehicle inspection. This will allow us to see your vehicle’s resale value and condition. After all, your vehicle's worth will dictate the specific amount we can lend you if you are approved for this loan. To get an online title loan from us at Cash Cow, please ensure you have the following items ready to go:

• Identification — The ID used can be your driver's license, passport, passport card, student ID, military dependent's ID, or military service member's ID. Ensure it displays your name, date of birth, and photograph. 
• Vehicle — You can use your truck, car, or van to qualify for a title loan in Louisiana. Just be aware that we do not accept motorcycles, boats, tractors, trailers, RVs, campervans, ATVs, or other modes of transport.
• Lien-free vehicle title — Your lien-free title proves that you own the vehicle outright without any outstanding judgments. If you do not have a lien-free title, please don't apply for this type of loan until you've repaid the current line. Another note: ensure the name on your title matches your ID.

Provided you have the above, you can proceed with the rest of the process. The good thing is, we here at Cash Cow have made sure to make the in-person portion of the process simple and quick. This means you will find out the very same day if you are approved for LA online car title loans. There is no waiting days just to find out if you can’t be approved. So, if you are ready to get started, begin following these steps:

1. Call your local Cash Cow store or complete and submit the online inquiry form.
2. If you've chosen to fill out the form, we'll call you once we've received it. We will tell you about the requirements and ask you to pick a meeting place – either the nearest store or somewhere else – for the vehicle inspection. 
3. After the phone call, head to the meeting on time with your required items. 
4. We will look at your ID and title before examining your vehicle to determine the amount you can qualify for if you are approved for the loan. 
5. If we approve you, you will finish the paperwork and we will go over the loan terms so you understand how it all works. This is also a good time for you to ask any last-minute questions you have so you can make sure you understand everything.
6. Finally, once you are done with the paperwork, you are finished! You can either get the money you need on the same day or the next bank business day.

Get LA Online Car Title Loans Right Here, Right Now!

As you can see, there are two main types of loans for credit score under 500 in Louisiana — payday loans and title loans. If you own a vehicle, title loans may be your preferred option. And if you have proof of income, payday loans can be an option for you. Whichever you choose, complete our simple online form or give us a call now to kickstart the LA title loan process! We'll be in touch to lend you the money you need.

 

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