Financial constraints create unpleasant and unhealthy stress for many consumers. Unfortunately, it’s not always easy for would-be borrowers to get loan funds when they need them because of poor credit histories.
Title loans Destrehan create the perfect solution for consumers who need a loan but are having trouble being approved. Title loans give consumers the opportunity to get some extra use out of their vehicle by offering their vehicle titles up as collateral even while they get to continue to drive and use their vehicles.
How consumers can apply for title loans Destrehan from Louisiana Title Loans
With Louisiana Title Loans, it’s easier than ever to apply for Title Loans in New Orleans. Our title loans Destrehan simply require a quick and convenient online application that potential borrowers can fill out in minutes.
After submitting our applications, potential borrowers receive a response from us. If we are able to offer a loan, we make a loan offer that details all of the important information on the loan being offered like the interest rate and the loan amount.
Regulations pertaining to title loans Destrehan in Louisiana
There are a few legal regulations to which title loans in the state of Louisiana are subject. One primary regulation that must be adhered to by Louisiana lenders is that title loans in the state can be no less than $350. This means that if you’re approved for a title loan in the state, you’ll be offered at least $350. Of course, you could be offered a loan for much more than this amount depending on the value of your vehicle.
Another important regulation in Louisiana dictates the loan term of title loans in the state. Loans in Destrehan and throughout Louisiana for which a vehicle title is given as collateral must have a term of at least two months. This means that, if you are offered a title loan in the state, you will have at least two months to pay it off.
Reasons why consumers can benefit from title loans
It’s easy to see the advantages that title loans from a quality lender like Louisiana Title Loans offer to Destrehan borrowers. The following are just a few of the reasons why title loans in Louisiana are ideal for many different consumers who are looking for short term financing:
- Borrowers don’t need perfect credit- Title loans are a borrowing solution for consumers with less-than-perfect credit. Even those with very low credit scores or no credit history data whatsoever can be approved.
- Borrowers don’t necessarily need to be employed- Because a vehicle is held as collateral in a title loan, the employment status of the borrower is less important than in a traditional, unsecured loan.
- Borrowers can continue using their vehicle even while it is held as collateral- A title loan is a great way to get some extra use out of a vehicle. A vehicle can multitask by functioning both as a means of transportation and loan collateral at the same time for title loan borrowers.
- Borrowers can enjoy a quick and easy application process- The process of applying for a traditional loan is typically a headache. It involves waiting in lines at the bank and answering sometimes embarrassing questions in interviews with bank representatives. On the other hand, applying for a title loan is convenient and simple.
