How to qualify for a title loan in Orlando

Online car title loans are popular in large states like Florida. Nowhere more so than in Orlando, where you can get cash with the equity in your vehicle. First, you must have proof of your ownership in your vehicle. An ownership confirmation is not always necessary, but a car must be owned free and clear with no cosigners. You must verify ownership with the car’s title. You must also pass the Florida inspection website to ensure compliance with State and local regulations. Lenders now require a vehicle to be completely paid off with no active liens.

Title loans are ideal for borrowers that need more than $1,000 and the best part is that your credit score is not important when underwriting the loan. The amount you make is not as huge as the loans from online lenders. If the amount is too high, you may not qualify.

Documents required to apply for car title loans in Orlando

When applying for a car title loan in Florida, you will need the following:

Driver’s License, Social Security Card of the borrower, proof of employment (Employment Verification Letter or Form), proof of residence (Utility Bills or contractual agreements). Lenders also require the following:

1. Guarantor Information: The application asks for the names, addresses, and signatures of the borrowers and the borrowers’ Employment information, bank account information, and credit report.

2. Vehicle Information: When the loan is disbursed, the lienholder will sign a Power of Attorney granted by Florida State Law. This document allows an authorized person to act as the beneficiary of the lien and they can repossess the vehicle if you fall behind on the payments.

3. Errors and Omissions: Florida Title Loans require you to sign a contract that when requested to provide any requested documents, the information you provide is true and correct. Borrowers are responsible for verifying any information before signing the loan document. If you doubt that the borrower holds false or false information, ask for the proof and retain the document for your protection.

Steps to follow if you are ready to be approved for a car title loan in Orlando

After you complete the documents and pass a vehicle inspection, you can get your cash from the lender within 24 hours. Here at Florida Title Loans, we partner with the best direct lenders in Tallahassee. Many of these companies can send the cash straight to your checking account or have it sent by money order to any location within Orange County, FL. You won’t need put up the vehicle as collateral for the loan as the paid off pink slip will be enough with most licensed lenders.