Your Source For Car Title Loans In Florida

What Is A Title Loan And How To Qualify

You can borrow cash using your vehicle's equity with an online title loan in Florida. Finding a lender near you is painless, but you must also know what to look for to choose the best. You can always go online and find a legitimate company, such as Florida Title Loans, that offers online title loans. However, many prospective borrowers prefer to meet with a lender at a local office and submit the documents face to face. In an ideal situation, applicants will have researched their financial options and determined that an auto equity loan is the best choice for them, based on their desired loan amount and credit history. Beyond that, they need to feel comfortable with their lender and loan terms. Get started and qualify for an auto title loan of $1,000 or more with us today. Start the process online or call 888-986-8505 to get a rapid quote today!

Requirements For A Title Loan In Florida

Unlike unsecured personal loans, which require exceptional credit, online title loans have minimal paperwork requirements, and most customers can pre-qualify in under an hour. The required documents are a lien-free vehicle title, proof of income, or bank statements showing a monthly income of at least $1,000. You will also need a driver's license or Florida ID. Some companies may request a copy of the vehicle's registration and an updated insurance policy that demonstrates sufficient liability coverage for the vehicle. One last essential requirement for a title loan is getting the car inspected to confirm its current resale value. Inspections are often required for title loans exceeding $2,000.

Can I Get Online Title Loans In Florida With Bad Credit

Bad credit should not be an issue when you apply for a secured loan. Title loan companies are more concerned with your car's resale value and the amount of collateral it provides. It's essential to protect yourself from unscrupulous lenders and thoroughly research any company you plan to work with. Work with a direct lender that discloses the principal amount borrowed and the interest rates. Does your lender have a prepayment penalty if you decide to pay off the loan amount in full? Do they allow you to keep driving your car for the life of the loan, provided you stay current on monthly payments? All those details matter; knowing every detail when you take out a car title loan is essential.

Once Approved For A Title Loan, Can I Keep Driving My Car

 Yes, any legitimate lender should allow you to drive your car without restrictions after taking out a title loan in Florida. Instead of using the actual vehicle as collateral for a loan, a secured lender will hold onto your car title while you make the monthly payments. You add the title loan company as a lienholder to your title, which serves as security for your loan amount. Stay current on your payments because a licensed lender can repossess your car if you fall behind and miss payments. Since you signed over the car's pink slip to them, they can repossess your vehicle and sell it at auction.

How Quickly Can I Get My Cash

 Title loans are designed to provide quick funding, and most licensed lenders in Florida can have cash in your hands or send it to your bank account within one business day. With an online title loan, you can get your money even quicker, with some companies sending cash within 24 hours of your pre-approval online. The time it takes to underwrite your application mainly depends on how fast you can send in your required documents, and the agents at Florida Title Loans can get you pre-approved at any time of the day!

Title Loan Loan Rules & Rates In Florida

 The APR and lending terms for auto title loans in Florida vary and are often based on the value of your vehicle and the requested loan amount. Payoff terms typically run from 12 to 36 months, and there's no penalty for paying off your loan early. The Florida Office of Financial Regulations regulates vehicle equity lenders within the state.

Call us at 888-986-8505 with questions about the title loan regulations in Florida or if you need help applying online. Florida's statutes and financing regulations for vehicle equity loans are subject to frequent changes, so please check back for new updates.