Can I Use My Unemployment Money To Pay For My Title Loan In Louisiana?
May 28, 2020 | Emma Frost
When you are on unemployment, it can make your finances pretty tight. Especially if you experience an unexpected emergency; those bills are just piled on top of all the expenses you already have to make on a daily basis. Chances are, you will most likely need financial assistance while you are unemployed. For that assistance, you should search for “title loans in Louisiana.” When you do, you will understand all the financial benefits you can get once you start the process. But before you look into the process, you have to know exactly what a vehicle title loan is and how to get one.
A vehicle title loan is a loan that you get by using your car’s title as collateral. This loan is not designed to be a permanent solution; but more as something to help you in the short term get back to financial stability. One of the perks of this loan is that a poor credit score does not affect your ability to get a car title loan. Getting any other type of loan with poor credit can be difficult since lenders aren’t too willing to lend money when you have bad credit; and if they do lend you money, your interest payments are sky high. At Cash Cow, you can still get approved for a title loan with reasonable payment schedules.
How Can You Get A Title Loan?
At Cash Cow in Louisiana there are two ways you can get the process started. You can either come directly into the store or start the process online and then come into the store to finish the process. Either way you decide to start, our process is simple and quick. In less than 30 minutes you could have the cash you need to start making your way back to financial stability. We don’t mess around with long processes and making you bring in piles of documents in order to get approved. We make sure you know exactly what you are getting into before you sign anything.
Come Into The Store
The first option you have is to come directly into one of our Louisiana stores to begin. When you come in we will sit down with you to get your information and go over everything you need to know. This is the time for you to ask every question you have. We want to make sure you not only know all the information; but that you also clearly understand everything. Everything that gets discussed during your time at the store is also in the loan agreement that you will sign if you agree to the terms. We will determine how much you qualify for – a maximum of $1,400 – and, if all goes well, we will hand you the cash you need.
Start The Process Online
The second option is to start online. If you go onto our website, you will find our online form that you can fill out. This form gives us your basic information and lets us know what exactly you are looking for. After you submit the form, a loan representative from the closest Cash Cow locations to you will give you a call. From there, you will gather the necessary items and make your way to that location to complete the process. With this option you will still have a sit-down with one of our loan representatives to go over your documents and your loan agreement before you sign anything.
What Do You Need To Bring In?
Regardless of what option you take to start the process, the items you have to bring in do not change. To get through this process, there are three things you must make sure to bring in with you. Those three things are:
- Your driver’s license or state-issued photo ID. You don’t necessarily need your driver’s license to get a loan; but you do have to be 18 or over and have an ID with your photo.
- Your clear or lien-free car title that is in your name. This means that your title has to be free of any past loans or judgments.
- The vehicle that corresponds to your title. When you come into the store, a loan representative will do an inspection of your vehicle in order to determine how much money you qualify for.
Now Get Started
Now that you know all that you need to know about getting title loans with your unemployment money, you are ready to get started at one of our many Louisiana locations. Title loans are great for when those big, unexpected emergencies pop up and eat up your unemployment benefits and destroy your credit score. While it is important to stay within your payment schedule to repay your loan, we will still work with you if you can’t. As you can see, as long as you pay us back, it doesn’t matter if you pay with your unemployment check or another form of income. So get back on the path to financial stability with the help of title loans in Louisiana.