Fort Lauderdale Title Loans
Title loans are an effective way to borrow $1,000 or more in Fort Lauderdale! Let’s say you recently applied for an installment loan but were immediately turned down because of poor credit. What can you do now other than asking your friends and family for a loan? With a title loan, you don’t need perfect credit to get approved and most lenders can get you pre-qualified and funded in one business day!
Lender guidelines make getting cash for car’s title easy as there are no significant limits on the repayment terms and the amount you can borrow. Car title loans can provide you with the money you need today, and most title loan companies will also let you pay back your car title loan over months or even years. Anyone in Florida can apply online with Florida Title Loans or by calling 888-986-8505. You can also apply with a neighborhood lender in Fort Lauderdale and get your cash in 24 hours or less.
Qualify For An Auto Title Loan In Fort Lauderdale
Lenders will primarily look at what collateral you have in the form of your vehicle, and they will look past your bad credit report or credit history. To show proof of vehicle ownership you need a paid off newer car with less than 150,000 miles. Some motorcycles and semi trucks can also be used as collateral as long as their worth $3,000 or more. Your car’s title has to be in your possession and must be lien free.
Other auto title loan requirements in Fort Lauderdale may include an active insurance policy, current employment verification, and paperwork showing you have enough income each month to pay future payments. You must also provide a valid ID and the pink slip for the vehicle you plan to use as collateral. Anyone in Broward County can get ID and title documents from the FLHSMV location on Federal Highway in Ft Lauderdale.
The good thing is that you won’t need to give your lender physical possession of the car. Instead, you hand over the actual car title as collateral for your loan, and you can keep driving the vehicle. You’ll eventually get the car’s title back after you’ve fully repaid the loan, typically in 12 to 48 months.
Car Title Loans in Fort Lauderdale With Bad Credit – Is It Possible
Yes, it’s possible to get cash from a title loan company in Fort Lauderdale, and it shouldn’t matter if you have poor credit or no credit history. That’s because car title loan companies accept customers with low credit scores, and you’ll be able to get the money that you need quickly without a lengthy credit check. Applicants with good credit may be able to borrow more cash since car title loans are secured, meaning default rates are much lower than other payday loans. Loan amounts for bad credit title loans depend on the equity value of your vehicle and range from $1,000 to $15,000 in Florida. You should expect to borrow 40% to 70% of your vehicle’s value.
Apply Online Or With A Local Title Loan Company In Ft Lauderdale
Whichever option you choose, be sure you’re dealing with a car title loan company with flexible lending criteria and fair terms. Florida has so many different retail lenders and title loan companies all over the state that you can’t go wrong if you want to meet with someone in person in Broward County, FL. Many local companies are open seven days a week in Las Olas and Port Everglades, ready to offer cash for your vehicle. Are you looking to apply with a title loan company late or night or on a Holiday? At Florida Title Loans we take applications online at anytime of the day. Even if you apply at midnight, we’ll have someone ready to give you a pre-approval quote and all we need to know is your vehicle’s make, model and year.
You will also want to consider a local title loan company in Fort Lauderdale that offers repayment terms with no pre-payment penalty. This can make car title loans easier for those who need money but don’t know how long it will take to repay their loan. That way, you can get a repayment term of 12 to 48 months, with the option to payoff the loan in full anytime you have the cash. By making extra payments and paying off your title pawn in half the time can save you thousands in unpaid interest charges.!
Title Loan Fort Lauderdale – Interest Rates To Expect And How To Apply
Interest rates with a title loan are high, and there’s no getting around that. Applicants should also be prepared to deal with car title companies that charge fees and other charges that add up quickly, in addition to the high APR. Most car title lenders will work with applicants in Florida who don’t have bad credit, and you can expect to pay rates that start at 30% for a car title loan in Fort Lauderdale.
If you have bad credit and are ok with the high interest rates, then perhaps it makes sense to see how much cash you can get with a Fort Lauderdale Title loan. Apply online and get a pre-approval indication in less than 15 minutes. You can also contact Florida Title Loans at 888-986-8505 if you prefer to start your application over the phone.