One thing we touch on many times throughout this site is how streamlined and fast the process is when it comes to applying for online title loans in Florida. Some states make it difficult by requiring multiple inspections and loans of paperwork. By working with a Florida title loan company, you can expect an answer on your application and cash in hand in a few hours if approved. Most applicants that come to our site are not entirely familiar with how car title loans work. They know all about payday loans and have dealt with many of these companies over the past few years. Other have taken out bank loans or worked with an installment lender. While these types of financing are great, most will require pristine credit and have applications that take days and even weeks to get approved. The interest rates are low as well, but it comes with that drawback. On the flip side, a car title loan can be issued quickly and the paperwork is not as excessive with what you see from banks and credit unions. As always, you want to make the decision that best fits your personal needs. While Florida equity financing could be a good option, it’s definitely not for everyone. The interest rates and fees are high when compared to other choices for people with good credit. Also, there’s the possibility of losing your car if you fall behind on the loan. Florida laws will not allow a lender to sell the vehicle when your first default, but after a certain amount of time they can do anything. Don’t let yourself fall into this position. Only take out a title loan if it’s for something you really need. Contact your lender if you default on a payment. Most companies will work you and come up with a payment plan to get you back on track.