Online Title Loans In Louisiana With No Store Visit
Highway Title Loans offers online title loans in Louisiana and the main requirement is that you have a vehicle with value. The car’s equity is used as collateral for the secured loan, and you can borrow up to $15,000 from a Louisiana title loan company!
What Is Needed When I Apply For Online Title Loans In Louisiana?
A few things will be needed when you apply for title loans in Louisiana.
– Drivers license or photo ID. You can also apply with an out of state license or passport that verifies your identity.
– Proof of residency (utility bill, bank statement, etc.). Any licensed title loan company in Louisiana will want to verify that you live within the state, as they’re subject to various lending regulations and disclosures.
– Vehicle title and registration. Your car title is the main requirement for any title loan, and you must hand over the pink slip to your lender. You can keep driving your car and will get the title back when the loan obligation is fulfilled.
– Proof of insurance. A licensed lender wants to ensure your vehicle is licensed for up to the car’s resale value. That way, they can get compensated if the vehicle is damaged or totaled.
How Much Money Can I Borrow With A Title Loan In Louisiana?
The amount of money you can borrow with title loans in Louisiana depends on your vehicle’s equity value. Highway Title Loans can connect you with a loan offer of up to $15,000. Most companies use the Kelley Blue Book value to estimate the worth of your car. Other factors in the estimated loan amount include your car’s make, model, and age. Vehicle mileage will be a significant factor as any car with high miles will lead to a much smaller loan amount.
Just because you have an older vehicle with high miles doesn’t always mean you will be denied a loan. Some title loan companies in New Orleans and Baton Rouge will still offer loans starting at $300 for vehicles from 2000 to 2007. Many factors determine the amount you can borrow and the old adage is true, a newer car will mean you can borrow much more money with online title loans in Louisiana.
Can I Get A Car Title Loan In Louisiana With Bad Credit?
Title loans in Louisiana are possible because your credit score is not a major requirement when underwriting your loan. Expect a higher APR with a bad credit title loan but by making timely monthly payments, your lender will report that to the credit bureaus and you could see a score increase. If there’s ever a chance that you may miss a monthly payment for your loan, then you should contact your lender and work out a payment arraignment. Not only will this be shown on your credit report, but you also risk a title loan repossession where the lienholder can take your vehicle and sell it at an auto auction.
Am I Only Apply For An Auto Title Online, Or Can I Meet With A Lender Near Me In LA?
At Highway Title Loans, you can apply online with our quick application or with any local direct lenders in locations throughout Louisiana. There are lending centers in Baton Rouge, New Orleans, and Lafayette. Some people prefer to work at their own pace and apply online from their homes. Others would rather meet with a licensed agent and review the lending documents. There’s no wrong way to apply for financing, and don’t forget to compare lending quotes and payoff rates before you sign a title loan contract. Fill out the Highway Title Loans online application, and within minutes, you’ll know if you’ve been approved! Apply online or call 877-433-5454!