Title Loans in New Orleans, Louisiana

How to Qualify for Title Loans in New Orleans

Do you need fast cash to take care of unexpected expenses? By qualifying for title loans in New Orleans, borrowers can pledge their car titles as collateral for emergency funding and access their money in as little as 24 hours.¹

To qualify for this type of vehicle-secured loan, you will typically be required to provide proof of your ability to repay the loan, along with a title to a qualifying vehicle in your name. A vehicle that is eligible to be used as collateral for a New Orleans title loan must have a sufficient amount of positive equity. If you aren’t sure what your vehicle is worth, you can use our online calculator to get an instant title loan quote and an estimate of your car’s value!¹

Wondering what paperwork is needed to qualify for an auto title loan? You can streamline your application for title loan cash in New Orleans or nearby cities like Baton Rouge and Metairie by having the following documents ready for review by a loan officer:¹

1. Bank Statements, Pay Stubs, or Another Qualifying Document to Prove Your Income
2. A Title to a Truck, Car, or SUV in Your Name
3. Recent Pictures of Your Vehicle to Complete a Virtual Vehicle Inspection
4. Proof of Your Current Address in New Orleans Through Recent Mail, Such as Utility or Phone Bills
5. A Valid, Government-Issued Photo ID Card, Like a Driver’s License or a Permanent Resident Card

When applying for a ChoiceCash title loan in New Orleans, borrowers can upload their documents and vehicle photos online through the customer portal, or send the items to a loan officer through email or text message.¹

By meeting the necessary requirements and gathering your paperwork in advance, you are well on your way to beginning your title loan journey! Get started on your application by filling out a short questionnaire, or call a ChoiceCash title loan officer at 855-422-7402 today.¹

Title Loan Regulations in New Orleans

Before you can dive into the application process for car title loans in New Orleans, it’s important to understand the state regulations surrounding this secured loan option.¹

Applying for car title loans is allowed in the state of Louisiana, and there are specific laws in place to protect consumers. One related state regulation prohibits title lenders from fining residents for making early or late payments on their loans.

Keep in mind that you are expected to keep up with the payments on your loan. If you default on your loan, one of the potential consequences of that action is vehicle repossession. Your lender has the legal right to seize your vehicle if you default on your loan, but many loan servicers and lenders prefer to find an alternative solution and actively work with you to avoid this scenario. If you anticipate that you will miss a payment, make sure to reach out to the appropriate party as soon as possible to learn more about your available options.

Additionally, understand that you are entitled to review your contract before you sign on the dotted line. The lender is required to clearly present all of your loan terms in writing prior to you signing the agreement. When applying for a New Orleans title loan, you should expect full transparency from start to finish!¹

Benefits of New Orleans Title Loans

Accessing fast title loans in Louisiana can be your ticket to handling a financial emergency with pressing time constraints. But did you know that there are more benefits available to qualified borrowers than just access to quick funding?¹

If you are eligible for a ChoiceCash title loan serviced by LoanMart, you can take advantage of the following perks:¹

1. Flexibility With Your Funds: Whether you need fast financial assistance to pay for home repairs, cover the cost of airplane tickets, or handle another unexpected personal expense, a title loan can provide you with the flexibility to use your loan proceeds as you see fit after final approval.¹
2. Bad Credit Isn’t a Problem: When you’re struggling financially, your credit score is often a reflection of your situation. Having a poor credit score can prevent you from qualifying for traditional bank loans, but with a title loan, you can expect a different experience. Even if you have a lower credit score, it is still possible to access the financial help you need! As long as you can meet the requirements and provide the required paperwork to verify your information, the application process can be a breeze through ChoiceCash title loans serviced by LoanMart. Don’t let your credit score hold you back!¹
3. Keep Driving Your Car: If your car is your main source of transportation, you might be hesitant about applying for a loan against your car. As long as you keep up with your payments, it is possible to maintain access to your vehicle after pledging its title as collateral for a New Orleans title loan!¹

How to Apply for a Title Loan in New Orleans, Louisiana

Ready to apply for fast financial help? As a resident of New Orleans, you can take advantage of a speedy application process through a ChoiceCash title loan serviced by LoanMart. Take a closer look at the three fast steps to apply for emergency funding:¹

1. Submit a Loan Application Online or Over the Phone: You can start your application by completing a short questionnaire online, allowing you to find out if you are eligible for instant pre-approval! If you prefer to begin your loan request over the phone, you can speak to a loan officer directly by dialing 855-422-7402.¹
2. Submit Your Paperwork: In order to verify your information, a loan officer will ask you to submit your documents online if you receive initial approval. All of your paperwork will be quickly reviewed for completeness, and if everything checks out, the last step is to receive final approval!¹
3. Get Your Money: Upon full approval, you can choose how to access your money and sign your title loan agreement. Some of your options to receive your funds include adding your funds to a debit card, having the funds directly deposited into your bank account, or receiving a check in the mail. If you prefer to pick up your cash in person, you have that option available as well! Qualified borrowers can receive their money in as little as 24 hours.¹

FAQs about New Orleans Title Loans

If you’re thinking about applying for a loan against your car, you might have more questions! Check out some of the most frequently asked questions about car title loans in New Orleans:¹

How Much Cash Can I Get New Orleans Title Loans?

Title loans in New Orleans are collateral-based loans, meaning that your eligibility for funding is primarily determined by the value of your collateral. The more value your vehicle has, the more you can borrow through a vehicle-secured loan – as long as you can provide proof of your ability to repay the funding! Depending on your car’s value and your income, you can access up to $15,000 through a ChoiceCash title loan serviced by LoanMart!¹

Where Can I Apply for Title Loans Near Me in New Orleans?

Although you can apply for title loans at a loan store in New Orleans, you may prefer to skip the hassle of driving. Instead, apply for ChoiceCash title loans online – no store visit is required! Find out if you qualify for cash from the comfort of your home by completing a short prequalification form online.¹

Do I Need a Job to Get an Online Title Loan in New Orleans?

While a 9-5 job is not required to secure funding through a New Orleans title loan, you will need to submit an acceptable document during your application to prove that you have the means to repay the loan. Although the most common documents submitted by applicants are recent bank statements and pay stubs, alternative documentation like SSI award letters can be accepted.¹

HOW CAN I PAY FOR MY TITLE LOAN IN PERSON

Pay back your car title loan in New Orleans at any MoneyGram location in Louisiana. MoneyGram is often located in convenient public stores such as Wal-Mart, Kroger, or CVS. Call 855-422-7402 to discuss your options with a loan expert, or see the map and location list below to see where your nearest MoneyGram is located: