Title Loans Monroe, Louisiana
Emergency cash is something many of us will need to acquire to cover the cost of living. Getting a personal loan may be something we apply for to get this, but the waiting period is often lengthy. If you have bills due right away, but do not have the time to wait, get a title loan in Monroe, or Shreveport instead. For instant cash, getting a title loan is the best resolve! Our Louisiana title loan lenders can approve loans for up to $2,500! All that we need from you is your clear and lien-free vehicle title, to learn more about how to get a loan, apply now!
What We Need From You
First and foremost, we will need you to submit an application. You can do this over the phone or online. No matter which option you take, you will need to give us information about the vehicle make, year, model, style and mileage. For that, we can guarantee you a free and non obligatory title loan estimate. The estimate may change over time, depending on how much longer you wait to get your title loan. The current market value of your vehicle is what determines this loan, so the newer your car, the higher your chances of being able to borrow $2,500. You will also be matched up with a title loan lender in your area, where you have to bring these documents:
- Photo ID (Valid government-issued: Driver’s License, State ID, Passport)
- Proof of residence (utility bill or government mail)
- Proof of income (recent bank statements and/or pay stubs)
- Vehicle Title obtained at:
Your vehicle will be needed during the time of transaction. This final inspection is what determines your final loan amount. Any damages to the car can decrease the principal estimate you were given as well.
How to Get your Vehicle Title
The Department of Motor Vehicles or any various tag and title service locations will be able to get you your vehicle title. Please make sure, that you do in fact have a title to your vehicle before you visit. You ensure this by checking to see if you have any payments that you still need to make towards fully owning your car. If you have purchased your vehicle from a dealership, the necessary paperwork will already be filled out, just make sure with the DMV before you visit. On the other hand, if you it was never submitted, you may visit the DMV or title services, and follow these steps:
- Complete an application (Form DPSMV 1799)
- Provide a copy of your vehicle registration at the location
- Total payment of $76.50, some taxes may apply; $68.50 for getting a title and the additional handling fee of $8
Paying Off the Title Loan
If you do not pay off the loan, your vehicle will be repossessed by the title loan lender. There are three ways they can go about repossession:
- Voluntarily. You may be asked to sign a voluntary surrender. However, you do not have to sign this. If you do, this means that the lender can take the vehicle from you if you have defaulted on the loan.
- Court Order. They may get a court order to repossess your vehicle. They will contact the deputy sheriff to get a towing company to take the vehicle.
- Self-Help. Will be used if there is no voluntary surrender or court order. This may be illegal, so it is important to talk to an attorney about this.