How Do Title Loans Work in Shreveport, Louisiana?
If you’re looking to borrow money against your car, you might be wondering how title loans work in Shreveport, Louisiana. A resident of Louisiana can usually access up to half of their vehicle’s value by qualifying for a Shreveport title loan serviced by LoanMart! To obtain quick funding through a Louisiana title loan, you’ll need to pledge your car or truck’s title as collateral for the loan.1
Driving your vehicle after your loan is funded is possible even though a title lender will add a lien to your car or truck’s title. As long as you stay on top of your loan payments and avoid loan default, accessing your vehicle will be simple throughout the repayment process! Since the average Shreveport resident spends around 20 minutes commuting to work according to the United States Census Bureau, maintaining access to your vehicle is a convenient benefit.
Getting title loans with direct deposit in Shreveport, Louisiana, is possible with LoanMart. After you receive loan approval and choose to receive your funds via direct deposit, you can access your funds in as little as one business day!1 3
If you are eligible for a car title loan, your loan amount will be predominantly determined by your income and the total resale value of your vehicle. Depending on both of these factors, you could expect to receive up to $15,000 through a Louisiana title loan! Spend your funds however you’d like once they reach your bank account. Whether you need to handle unpaid medical bills, pay for a home renovation, or take care of unexpected expenses, an online title loan in Shreveport can be the solution.1 3
Ready to get started on your quick loan request? You don’t have to spend any extra time searching for the best place to get a title loan! Call 855-422-7412 or fill out a short questionnaire form to apply for fast car title loans in Shreveport, Louisiana, today! With LoanMart, you can expect to encounter a fast and flexible application process.1 3
What are the Requirements for Title Loans Near Me in Shreveport, Louisiana?
If you prefer to learn more about the application process before you get started, know that it can be simple, but you must meet the initial title loan requirements in Shreveport, Louisiana, in order to get approved for the fast financial help you need.1 3
While the exact application criteria can vary from lender to lender, the requirements for a Shreveport title loan typically include the following:1
- Age Requirement: According to the title loan laws in Louisiana, hopeful borrowers must be at least 18 years of age to apply for a Shreveport title loan.1
- Income Requirement: The average hourly wage in the Shreveport area is just over $21 per hour. Whether you earn a living through a traditional 9-5 job or have an alternative source of income, you are required to demonstrate your ability to repay a title loan during your application.1
- Vehicle Requirements: In addition to having a vehicle title in your name, the vehicle you intend to use as collateral for a car title loan must have a qualifying amount of positive equity. Use LoanMart’s online questionnaire form mentioned above to get a vehicle equity estimate and a loan quote with no obligation!1
On top of meeting the initial requirements, several pieces of paperwork must be provided during your Shreveport title loan request to verify your information and the ownership of your vehicle. As a resident of Louisiana, you can expect to need the following documents when applying for an online title loan in Shreveport:1
- Clear and Recent Pictures of Your Vehicle to Complete a Virtual Vehicle Inspection
- Recent Pay Stubs, Bank Statements, or Another Qualifying Document to Prove That You Have a Steady Source of Income
- Utility Bills, Credit Card Offers, or Other Forms of Recent, Official Mail to Prove Your Current Address in Shreveport, Louisiana
- A Louisiana Driver’s License, Permanent Resident Card, U.S. Passport, or Another Valid, Government-Issued Photo ID Card
- A Louisiana Car, Truck, or SUV Title in Your Name
Recent vehicle pictures are requested during your application because they are used by a title loan agent to verify the current market value of your vehicle. Finding a lender who skips inspections is unlikely, so you probably won’t be able to find title loans with no inspection in Shreveport, Louisiana! However, when you are applying for a title loan serviced by LoanMart, you can access a convenient and virtual car inspection.1
Whether you are applying for title loans in Alexandria, Shreveport, Lake Charles, Baton Rouge, or another city in Louisiana, you will be asked to provide additional documentation during your loan request. Louisiana borrowers are typically asked to complete and sign a Louisiana Office of Motor Vehicles – Vehicle Application form during the underwriting process so that the title lender can secure the loan with a Louisiana vehicle.
After you receive initial approval, gather all of the necessary documents and then choose to submit everything online or send your paperwork to a title loan officer through email or text message! That’s just how easy and streamlined it can be to apply for car title loans in Shreveport, Louisiana. Call LoanMart at 855-422-7412 or apply online today to find out if you are eligible for emergency cash assistance. Get your funds in as little as 24 hours if you qualify!1 3
Can You Get Bad Credit Title Loans in Shreveport, Louisiana?
A bad credit score is typically an accumulation of poor repayment history and high credit utilization. Getting a subprime credit score doesn’t happen overnight, and it can take months to fix. The average credit score in Louisiana is 684, but if you have a poor credit history as a resident of Shreveport, you may be wondering if you can still qualify for emergency funding through a car title loan.
While it will be tough for you to obtain loan approval for an unsecured loan with a poor credit score, a title loan can be a different story. Title loans are secured loans, so the application process can be much more flexible and streamlined, even if you have bad credit! With LoanMart, applying for bad credit title loans in Shreveport is possible, and you don’t have to allow your financial history to hold you back anymore.1
If you wish to improve your creditworthiness and score in the future, consider the following tips:
- Paying Your Bills on Time and in Full: This shows lenders that you are responsible and reliable when it comes to handling your debt obligations. Do not skip your loan payments or other debt obligations that are reported to a credit bureau!
- Reducing your Overall Credit Utilization Ratio: This ratio is usually expressed as a percentage, and it depicts the amount of revolving credit you are using compared to the total credit available to you. Most financial experts recommend keeping your overall credit utilization ratio under 30%, so if you are trying to improve your credit history, that should be your goal!
While it is important to try to work on your credit score over time, if you need fast money, you may not have any time to waste! Call 855-422-7412 now to quickly apply for bad credit loans in Louisiana.1 3
Can I Get an Instant Online Title Loan in Shreveport, Louisiana?
If you’re facing an unexpected crisis that can only be fixed through money, you’re likely searching for the fastest way to access financial relief. With car title loans, it is possible to get pre-approved instantly when you complete the online prequalification form, but the final approval depends on the verification of the required documents mentioned above and the outcome of your vehicle inspection. Getting an instant online title loan or instant approval for title loans in Shreveport, Louisiana, will not be possible.
In order to finalize the loan, most car title lenders will verify some of the information provided by the applicant, particularly the information regarding their income and vehicle. Since a title loan officer completes this verification process, it isn’t humanely possible for it to be instantaneous. If you’re ready to find out if you are eligible for a Shreveport title loan, call LoanMart at 855-422-7412 or complete the pre-approval form online now! Submit the form at any time of the day or night and instantly discover if you are pre-approved for fast funding.1 3
Where Can I Use My Title to Get Cash in Shreveport, Louisiana?
If you’re looking to unlock cash with your car title, you don’t need to leave your home to complete an application! With LoanMart, you can apply for online title loans with no store visit in Shreveport, Louisiana, and get your funds in as little as one business day if approved.1 3
To get started on your loan request, simply choose between applying online or applying over the phone with a LoanMart title loan representative. Then, if you are initially approved, submit your vehicle photographs and documents. Upon final approval, you can choose how to get your funds and sign your electronic loan agreement!1
Applying can be fast, simple, and flexible – even if you have bad credit! Call LoanMart now or apply online today to find out if you qualify for fast money to tackle unexpected expenses.1 3
