What Is The Advantage Of Getting A Louisiana Title Loan vs A Bank Loan?
November 4, 2021 | Louis Tully
If you need cash fast, two popular loan types to consider are bank loans and Louisiana title loans. A title loan is a loan that uses your car’s title as collateral for emergencies and other unforeseen situations. A bank loan is issued out by a bank on collateral security. Both loan types come with their own advantages and disadvantages.
If you are interested in learning about how a Louisiana title loan is advantageous over a bank loan, read on. This article fully explains some benefits of selecting a Louisiana title loan at Cash Cow.
3 Advantages Of A Louisiana Title Loan Over a Bank Loan
A Louisiana title loan is a viable loan option if you are short on cash and need money quickly and conveniently. The advantages of selecting a Louisiana title loan include fast times, convenient locations, and a welcoming attitude to all types of credit. Consider these benefits to decide if a Louisiana title loan is right for you:
1. Fast Timing
Louisiana title loans are known for having some of the fastest processing times. In just minutes, you can begin the inquiry process to get the ball rolling on your Louisiana title loan. Once you appear at your meeting in person, you can even get your cash in as little as 30 minutes.
The quick time associated with a Louisiana title loan is advantageous because it means you don’t have to wait for your cash. Especially if you are short for cash and need the money now, these fast times can be ideal for you.
2. Convenient Locations
Many people are afraid that they won’t have a nearby location to apply for a Louisiana title loan. That is not the case with Cash Cow. To ensure all Louisiana residents have access to convenient title loans, we have locations all over the state to ensure there is a convenient location near you. By visiting our location page, you can find the closest store to your home.
If you don’t want to search through all of the locations, you can contact us directly via phone or by filling out the inquiry form online. With either of these methods, you will talk directly to a representative and they can help you determine which location is closest to you.
3. Welcomes All Credit Types
Getting a bank loan can be difficult if you have no or bad credit. With a Louisiana title loan from Cash Cow, it’s much easier to get a title loan online, even if you don’t have the best credit. With a welcoming attitude towards all credit types, you get the help you need even if other locations don’t consider your credit up to standards.
What Can I Use A Louisiana Title Loan For?
Even though there are some clear advantages for a title loan over a bank loan, title loans aren’t right for every situation. On the contrary, it may be helpful to pick your loan type based on what you need the money for. If you need money fast for an unexpected situation or emergency, a Louisiana title loan certainly is an option to consider.
For example, it is smart to consider a Louisiana title loan if you find yourself in an emergency you can’t afford, such as a car accident or some other medical emergency. Likewise, a Louisiana title loan can be an option if you are forced to go on unforeseen travel related to family emergencies and such.
Do I Get To Keep My Car?
Many people are worried to apply for a Louisiana title loan because they fear that it means they will have to give up their cars. This is not the case. With a Louisiana title loan, your car’s title is used as collateral during the payback period, not your car itself, but you still get to drive your car as normal when paying back the loan.
Get Your Title Loan Today!
Although there are certainly times when a bank loan is a better option, a Louisiana title loan is advantageous because it is so fast, convenient, and welcoming to all types of credit. If you need money fast because of an emergency or unforeseen situation, consider the advantages of title loans in Louisiana discussed above.
If you need a Louisiana title loan, Cash Cow can help you get the cash you need quickly. In just under 30 minutes, you can get access to a Louisiana title loan with Cash Cow. Fill out our online inquiry or call us today to answer any questions and get the process started applying for a Louisiana title loan.