What Is A Title Loan? And How Does It Work?
Those being faced with an emergency who have never heard about title loans before might be wondering “What is a title loan?” A desire to learn new things is a great quality, as knowledge stimulates and develops our survival skills. That’s why learning what a title loan is might be helpful to you as well, and that’s what we’re going to talk about in this post. Keep on reading to find out more about this loan type and how it works.
What Is A Title Loan? Here’s What You Need To Know
Title loans are a way to get fast emergency cash based on the value of a vehicle you own. Title loans are also sometimes referred to as title pawns. This is one option that you can consider if you are facing a sudden emergency expense or a pressing financial challenge. Title loans are not intended to be a permanent solution to long-term financial problems.
Getting a title loan in Louisiana from Cash Cow is one way that you can get up to $1,400 in emergency cash. You can get these emergency loans regardless of your credit history. If you have a poor credit history, you do not have to worry about this holding you back when you are applying for your title loan because your title loan is not based on your credit.
Instead, your title loan is based on the year and condition of the vehicle. This means that almost anyone who owns a vehicle outright can get a title loan.
How Do Title Loans Work?
Now that you know the answer to the question “What is a title loan?” you are probably very curious about how title loans work. The first step in applying for title loans in Louisiana is to get in touch with your nearest Cash Cow location. Fortunately for you, this is a very easy step.
All you need to do is either contact us over the phone or use the simple online inquiry form to get in touch. You can find the nearest Cash Cow location by looking online. When you do this, you are sending your basic information to a loan specialist agent at Cash Cow. If you submit the online form, you will soon receive a phone call from a loan specialist agent at Cash Cow.
This agent will answer any questions that you might have about the process of getting a title loan, and they will also make sure that you have all of the materials that you need. One of the advantages of applying for title loans with Cash Cow is that you do not need to bring a lot of materials with you. This is the opposite of how it usually is when you are applying for a traditional bank loan.
The only few items that you need to apply for a title loan with Cash Cow are:
- The vehicle that you own outright
- The lien-free title to your vehicle that you own outright
- A driver’s license or another valid form of government-issued photo ID to prove that you are at least eighteen years old or older
Once your loan specialist agent has confirmed all of this information, they will help you set up an appointment to come to your nearest Cash Cow location.
When you arrive for this appointment, your loan specialist agent will perform a quick inspection of the vehicle you are seeking a loan on. They will be determining the value of the loan based on the condition of your car, the year it was manufactured, as well as the value in a nationally recognized pricing guide.
After your vehicle has been inspected, you will also be explained the conditions of the loan to you. This will be a good time to ask any questions about the application process or any terms of the agreement. Once the amount of your loan has been determined, they will help you fill out the last bit of paperwork that needs to be filled out to complete the application process.
Once you have completed all of this, you can drive away in as little as thirty minutes with up to $1,400 in emergency loan cash. Another important advantage of applying for title loans with Cash Cow is that you get to keep your car while you are paying off your loan.
Get Your Title Loan Today!
If you are faced with a pressing financial difficulty or some sort of emergency expense, you might be very frustrated. These are scary times, and you might not know how to handle the situation.
One option that you can consider in times of short-term financial distress is title loans. Now that you know the answer to "what is a title loan?" you know that these are loans that you can give you emergency cash based on the value of your vehicle. Get in touch with us today to learn more about Louisiana title loans or fill out the online form on our website to get started!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.