Title loans are saving people’s financial blunders and emergencies all over the country. From California to Texas and New York to Opelousas, Louisiana –title loans allow financial freedom where before there was none. The fact that title loans exist is a blessing in and of itself. You can join the thousands of Americans who, like you, found themselves with a money problem that didn’t have a solution. Now there is a solution and it’s a simple two words –title loans.
A title loan is a loan that gives you cash for your vehicle. It works like this –you bring in your car to the nearest title office and they will give you cash for the value of the vehicle. Well, there are some more steps –read more below.
You need a car to be eligible. If you are not the owner of the car with a car title, you must have a car that’s nearly paid-off with car payment receipts to prove your connection to the vehicle.
You also need a valid state or government-issued photo ID that visibly states that you have at least 18 years of age.
And you need a completed, signed title loan application that you can easily obtain from any title loan office in your area.
Besides the documents listed above, there are no other paperwork involved in getting a title loan. They are so easy that you can even apply today without having to worry about gathering a pile of documentation.
Title loans do not require any documentation outside of the car title/car payment receipts, valid photo ID, and title loan application.
Credit checks are not included because the loan is not based on a personal level or on one’s personal background. The loan is 100% based on the vehicle’s value, nothing more, nothing less.
It can’t get any simpler.
All other references are also not required for the same reason. Title loans use only the car to determine the value of the vehicle.
That depends on the make and model as well as the year and the condition. All of these play a role in the car’s value. A team of car specialists will use their years of expertise and the Kelley Blue Book to determine the value of your vehicle. In most cases a few hundred to a few thousand dollars can be obtained, but nothing more than 75% of the car’s equity will be granted.
Each title loan agency offers a variety of payment plan options. There is one that suits you because title loans want to accommodate all types of applicants. There is no shortage of title loan agencies, so be sure to inquire within in order to find the payment plan that best suits you and your lifestyle.
To consult your BBB in the state of Louisiana, go to these two websites here and here.