Are you looking for information about our site or title loans in general? Here at Florida Title Loans, we can help you with all your secured lending needs. Here are some common questions we hear from customers in Florida.
-What type of credit score is required for a title loan? Can I still apply if I have bad credit or past bankruptcy? In the case of most pink slip loans, the lender is going to look more at the borrower’s vehicle information and value. Some aspects of your credit history are important, but vehicle equity information is most valuable.
-Do I need to work with a local lender, or can it be an online company? Does the title loan service need me to meet with them in person, or can everything be done online? You have the choice to choose between an online \service or a neighborhood lender.
-Does my vehicle need to be paid off in full to use it as collateral? Most financial service companies will require a pink slip to be owned free and clear. Some title loan lenders will allow some variations to this, but it all depends on their underwriting rules.
-Can I pay off my title loan early and avoid interest rates and fees down the road? You can get out from under a high interest title loan by paying it off early. We recommend all borrowers do this if they have the means, as they will save a lot of money in the long run. Be sure your lender allows this practice and doesn’t have a prepayment penalty.
-Do I need to hand over my pink slip to the lender and can I keep driving my vehicle throughout the loan? Previously, you would need to hand over your pink slip and the vehicle for any title loans with no income required! Now, you can keep possession of your car while the dealer holds your auto title. Most title loan services throughout Florida will do a simple car title loan and hold the pink slip as collateral.
Reach Us At:
Florida Title Loans
5220 Belfort Road
Jacksonville FL 32256
Contact us for questions about title loans.