loans for door dash drivers

Car Title Loans For DoorDash Drivers: What To Know When You’re Running Short On Cash

Do you work as a DoorDash driver and are short on cash this month? Then stick with us! In this post, we’ll talk about borrowing money and getting loans for DoorDash drivers.

All You Need To Know About Loans For DoorDash Drivers

Is It Possible To Get Loans For DoorDash Drivers?

Being a DoorDash driver means you make just enough money for your basic needs but not necessarily enough to deal with emergencies. So, when you need cash on short notice and decide to go to a bank to get one, think twice. Is your credit score high enough to get approval? Can your problem wait for several days, weeks, or sometimes even months to be funded? (As that’s how much time it takes to get a bank loan) If the answer is no, then we’ve got an alternative solution for you, and it’s called car title loans.

What Are Car Title Loans?

Car title loans are a secured short-term loan type that allows you to borrow between $300 and $1,400 based on the value of your vehicle. They impact you for a short time only, allowing you to get back on track as quick as a flash.

There are very few requirements for this type of loan. It's excellent for DoorDash drivers, since you can use your self-employed earnings to pay it off. There's no need to be classified as an employee. Remember that the vehicle will need to be in your name to get an auto title loan. If it isn't, head to the DMV and request a transfer. Once complete, you can start the process.

Why Car Title Loans Are Worth Looking Into If You’re A DoorDash Driver

Many people associate car title loans with giving away their vehicles to a lender. This is a common misconception, as it’s the title that serves as collateral, not the vehicle itself. After you get your cash, you can continue driving your car as usual as long as you make your payments on time. So, getting a title loan won’t interfere with your regular work routine and schedule.

happy with title loans for doordash drivers

When To Resort To Title Loans for DoorDash Drivers

When you're running short on cash, sit back and think if you can get cash from other avenues first. If that seems too much of a challenge, and you have an urgent problem that may cause more issues down the line if not approached now, then a car title loan is what you need. Here are a few examples of when car title loans might be an option to consider:

1. Medical Bills

Medical emergencies are rarely expected. And since you're self-employed when dashing, you won't get paid for any sick leave. Nor will they fund any treatments. So, if you suffer high medical bills, you will need to either pay for them from your savings (in an ideal world) or find funding elsewhere from a title loan, for example.

2. Vehicle Repairs

To keep your income, you need to ensure your vehicle is in good working order. Otherwise, you won't be able to continue delivering food to people's doors. While some people might be able to do without their car for a few weeks to save, you're not one of them. If you don't have any money saved up to cover these costs and you have nowhere else to turn, a car title loan is an option.

3. Home Repairs

Being a DoorDash driver means you may not always be able to cover big house repairs, especially those associated with damages done by natural disasters. For this type of emergencies, you may need a big amount of cash. And if you don’t have enough money in your savings account, then car title loans may be an idea to consider. Cash Cow in Louisiana offers up to $15,000 can depending on the value of your vehicle to pay for the urgent house repairs, such as pipe or roof leaks, septic system, or termite damage.

How to Get Car Title Loans From Cash Cow In Louisiana

applying for car title loans via phone

Now all there is to do is know how to get Louisiana title loans. Follow our step-by-step guide, and you can fund your emergency in no time.

  1. Contact your local Cash Cow location via the telephone or complete the simple online request form on our website.
  2. The online form sends your information directly to your closest Cash Cow location. When received, one of our team members will call you to discuss the process, answer questions, and tell you about the document requirements.
  3. Head to your nearest Cash Cow storefront with your vehicle, your lien-free vehicle title, and your driver's license (or a different kind of state-issued ID).
  4. One of our friendly loan representatives will look at the paperwork and inspect your vehicle to ensure you qualify when you arrive.
  5. If you are eligible, you will continue the process by signing a few simple-to-understand documents.
  6. Finally, you will receive your cash on the same day and leave with your vehicle.

Get Started Today

The next time you're short on cash, you'll know exactly where to get loans for DoorDash drivers. Pick up the phone or submit a short inquiry for title loans online if you're curious. We can't wait to help you solve your emergency!

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

Daniel Dewitt

Daniel Dewitt is a lifetime blogger with a finely-honed ability to break down, analyze, and interpret economic trends for the layman. He's fiercely invested in spreading financial literacy and helping everyday people gain the tools they need for their own economic success.