Title Loans Bossier City, Louisiana
Being in financial debt or experiencing a financial setback is not easy for anyone, let alone the residents of Bossier City in the state of Louisiana. Are you one of those residents who just cannot seem to get it together financially and just need a little boost to get you over the hill? Are you in desperate need of money to fix a financial emergency such as paying off medical bills, burying a loved one after a death in the family or paying your overdue utility bill? These financial issues are not specific to any one person. It happens to the best of us and so you should not be ashamed that you are caught in this financial situation. You can get out of it if you apply for a title loan. The process is simple, easy and fast. You could see the money in your bank account in no time. However, you must take action by applying today.
The City of Bossier City
The city of Bossier City is located in the Bossier Parish within the state of Louisiana. The city boasts a population in the amount of 61,315, which has risen to 66,333 since the year 2013. Located on the Red River bank, the city has a close tie to the city of Shreveport. The parish seat is not located in Bossier City, but in the city of Benton instead, which is approximately twelve miles to the northerly direction of Bossier City. In 1925, the downtown area of Bossier City was consumed by fire. Of course, the city suffered a loss and this prompted subsequent civic enhancements, which included contemporary water systems, sidewalks and fire alarm systems. Learn more from the official website owned by the city.
Title Loan Laws
Louisiana Statutes supervises the title loan industry through Title 32 and Title 51 of the legislation. Lenders must adhere to the trade and commerce laws that protect everyone involved in a title loan transaction. In the state of Louisiana, the Consumer Credit Legislation is instrumental in protecting consumers against fraudulent activities and consumer violations in a financial transaction.
There are more pros than cons when it comes to a title loan. In fact, you will benefit from a title loan since you don’t have to worry about credit. Your credit is not part of the requirements and so it makes the process faster to accommodate your emergency financial situation. If you were to go to the traditional lender, you may have to wait for up to 30 days to be approved and there are no guarantees. If you have bad credit or have no credit at all, it is recommended that you choose a title loan lender instead of the traditional lender. Your credit is not used against you in this case. When you are approved for a title loan, it allows you the chance to improve your credit situation.
The requirements for a title loan are minimal. You don’t need much to apply for a title loan. The lender will ask for:
- Proof of stable income
- Proving your age
- Proving that you own the vehicle free and clear
Therefore, you will have to produce the original title of the vehicle, a driver’s license or identification card obtained from a government entity and paystubs or other forms of regular income.
The vehicle must be assessed for its value. With the VIN number, make, model and year of the vehicle and the odometer reading, the lender will use this information to evaluate the vehicle. The loan amount will be based on a percentage of the assessed value.
Apply for your Louisiana title loan today and get a free title loan estimate. Don’t wait. It will only serve you to fill out the application now and then get the process on the way. Before you know it, money could be in your account and then you will be able to solve your financial issue.