Online Title Loans In Louisiana With No Store Visit

Anyone in Louisiana dealing with credit issues knows how difficult it is to get money for a financial emergency. Many personal loan companies require a FICO score of 700 or better; even with that, you can only borrow a few hundred dollars. Besides the limited loan amounts, it can take weeks to get approved for a loan that needs to repaid in a matter of months. But what if there was an alternative way to borrow money that doesn’t require good credit and comes with high loan amounts?

One option to consider is a title loan. This type of loan uses your car’s equity as security, and anyone in the Pelican State can get approved with just the vehicle’s title as collateral. Loans are issued for between $1,000 and $15,000 in Louisiana, and there’s a decent chance you’ll qualify with just a lien free vehicle and income verification. You won’t need good credit to qualify, and some customers can be approved and funded in less than one business day!

Are Car Title Loans Allowed in Louisiana? What Are The Current Restrictions?

The short term lending laws in Louisiana allow for title pawns and car title loans, but there are some underwriting restrictions. The first restriction is that the vehicle title must be free and clear of any other outstanding liens or loans. You can’t borrow against a car title already used as collateral elsewhere or use a pink slip with a cosigner or 1st lienholder on it. Another restriction is that you can’t be approved if you’re an active member of the military or if you already have another title loan from a state-licensed lender.

While a title loan estimate can be helpful for someone who wants to map out the interest rate and total amount paid, it won’t always be accurate. This is because your vehicle may need a full inspection at a licensed office in Louisiana. During this checkup, it will be determined how your car compares to the current resale value in LA and if any conditions or mechanical concerns need to be addressed before the loan can go through. Your lender will also check the odometer and VIN for your vehicle.

The Bottom Line on Louisiana Title Loans Online

Whether you live in Baton Rouge, New Orleans, or Shreveport, a title loan can provide emergency cash when needed most, and you won’t need to go through a lengthy credit check or vehicle inspection. Remember that car title loans are only available for people with a lien free vehicle, and having an older vehicle with high mileage means a lower loan amount. You won’t be approved if you still owe the original lender or if there’s a cosigner for the loan, and some customers will be limited to a repayment term of 24 months or less if they have a spotty credit history.

These title loans don’t always require a store visit, and many people can complete their applications and have their loans underwritten without leaving their homes. For loan amounts of $5,000 or less, you can sometimes submit a video showing a full in person inspection of your vehicle. The video must show the inside and outside of the car, and you’ll need to show it runs with no severe issues. Keep in mind these online title loans with no inspection aren’t always an option in Louisiana, and you may need to add a GPS tracking device to your vehicle if you’re looking to borrow more than $5,000.

Eligibility For Car Title Pawns in Louisiana With Bad Credit

You may wonder if you’re eligible for bad credit title loans in Louisiana, and the fact is that many lenders won’t even check your credit history. Your ultimate loan amount is determined by the resale value of your car, truck, or motorcycle, and some customers can borrow up to $10,000 in Shreveport or Houma without stressing about a FICO score of under 550. Don’t be overly concerned about credit when applying for a title pawn. Instead, focus on how much equity there is in your car or truck!

Remember that title loans in Baton Rouge have a higher APR than traditional installment loans because they are considered high-risk. Most lenders won’t check your credit score; because of that, they take on a bit more risk than expected with personal loan offers. For those with decent or good credit looking into title loans in Louisiana, we highly recommend applying with a company offering unsecured loans. You don’t run the risk of a car title loan repossession for a payday loan or bank loan, and sometimes the interest rates can be lower with these as the loan amounts are often less than $500.

Apply For Title Pawn Loans In Lousiana

Are you worried about being denied a traditional loan because of your bad credit score? Or do you want to borrow over $500 and need the cash within 24 hours?  If you’re ready to apply for salvage title loans or a title pawn, please start with Title Pawn Online. There’s no need to complete a lengthy application form, as we only need to know your vehicle, year, make, and mileage to get you a same-day quote and payoff estimate.

We work with customers throughout Louisiana, and you can pick up the loan proceeds within hours of approval in Lafayette or Slidell! Please apply online or call us at 1-888-370-7434.