Introduction to Title Loans Central Options
Central is one of the 13 largest cities in the state and is part of the East Baton Rouge Parish. More than 23,000 people live in this smaller community, and they enjoy heading into nearby Baton Rouge for work and play. When you need a break from your everyday routine but don’t have the cash to pay for that break, you can apply for a loan against your car. Title loans let you use the equity that you built up in your vehicle to secure a loan that you can use for anything you desire. While some use those loans to pay off bills and debts, others use that cash for vacations and other fun trips.
When comparing other types of loans with title loans Central locals often find that title loans are a better alternative. They can borrow as much money as they need, make payments to pay off their loans and then take out a new loan or walk away free and clear. The value and overall condition of your car determines exactly how much you can borrow at a time. Unless you skip payments on your loan or stop paying completely, you’ll get your title back at the end. The borrower will hold onto your title until you reach all repayment requirements.
Completing Title Loans Central Applications
While a bank will often ask you why you need or want a loan, title lenders will not ask you those same questions. These lenders do not care about your credit history or flaws on your credit report either. They just want to know that you have a vehicle that is in good condition and that you have some type of income, which can come from a full-time job, Social Security checks or even alimony.
The application process starts online with a pre-approval screening. As long as you can provide contact information and basic info about your car, truck, motorcycle or SUV, you can view a car title loan estimate that shows the amount you qualify for and the size of your monthly payments. You can then stop by a local office with copies of all required documents, including your vehicle’s title, a photo ID, proof of insurance, vehicle registration and bank account details to complete your loan and get your money.
Laws in Louisiana
Title loans in Baton Rouge, Central and other parts of the state are subject to the same laws and regulations. The state limits the amount that an individual can borrow at one time and how long he or she has to pay back that loan. This makes it difficult for predatory lenders to operate in the state, but it makes it easier for reputable companies to loan money. Platinum Lending offers low interest rates and easy repayment terms. You can typically borrow $350 or more and have two months or longer to pay off your loan.
Advantages to Title Loans
Banks make you jump through a number of hoops just to get a simple loan. You must fill out dozens of documents, agree to a credit check and attend multiple meetings just to get the cash you need. Depending on your credit score, the bank might deny you a loan or charge you an outrageous interest rate. When looking at the advantages of title loans Central residents often find that they can get a loan faster and in a fraction of the time. You can usually get your cash in as little as 48 hours or less. Platinum Lending encourages those interested in car title loans online to apply today.