Title Loans New Iberia, Louisiana
After months of being in a dire financial strait, how do you get out of that hole before you sink? It is difficult, isn’t it? Yes, this is understandable, especially when you think that you have few options. You may have approached your local banker for help, but have been turned away due to your bad credit. You may have asked your mother or father for help and they had to deny your request because of being in a similar predicament. You may have asked a few of your friends, but again, there is no way that they can help you because of their own financial obligations. You may be thinking that you have exhausted your options, but there is just one last option and that is your title loan lender. With your vehicle, you can get money to borrower from a title loan lender.
About New Iberia
The city of New Iberia is located in the state of Louisiana and considered to be number 10 on the list of largest cities in the parish seat of New Iberia. The area is located about thirty miles to the southeastern direction of the city of Lafayette. The population in the year 1900 was 6,815, 7,499 in the year 1910, 13,747 in the year 1940, which shows the growth in the area. In fact, in the year 2000, the population went up to 32,623 and in the year 2010, it dropped to 30,617 due to other new cities being formed and residents moving there. The city of New Iberia was founded and established in 1868. In 1884, the new courthouse was constructed in the downtown area and served the community until the year 1940.
Title Loan Laws
Louisiana Statutes under Title 32 oversees the lending guidelines in the Louisiana title loan industry. Title 51 oversees trade and commerce transactions. In Louisiana, the Consumer Credit Legislation provides protection to the lender and borrower involved in a loan transaction contract agreement.
Your objective at this point should be to get the money you need to solve your financial problems. With the title loan, you can do just that and because the process is so easy, so much so that it will only take approximately 24 hours or less to get an approval. Before you do receive an approval, you have to take care of some housekeeping issues. This means that you have to produce some required paperwork.
The Required Documents
The documents required are only minimal. The first thing you have to produce is the original certificate of title. You then have to prove that you have reached the age of 18 or more. A driver’s license or legitimate photo ID is sufficient. Your income is also important. The lender wants to make sure that you can repay the loan. Therefore, you have to provide evidence that you are receiving continuous income, whether weekly, bi-weekly or monthly.
Your vehicle’s value will be assessed by the lender and then a calculation of the title loan quote will be done by multiplying the value by 25 to 50 percent. Once this final detail is handled, then your loan is completely processed. In most cases, loans are usually approved once these criteria are met. You can look to receive the funds in your bank account within 24 hours. So, get going with the application now if you want to change your financial status.