Do you need cash in Florida? Are you tired of all the hassles that come applying for traditional loans only to be denied because of a bad credit score or no lending history? If so, then maybe you should try to get a title loan online. The whole process is simple and will only take a few minutes for the vast majority of qualified borrowers in Florida.
Once you qualify for a title loan you can choose your payoff term and loan amount with any number of local lenders in cities such as Miami, Jacksonville or Orlando. Most borrowers can qualify as long as they have equity in their vehicle. Once the loan underwriting process it complete, it could take as little as one business day to receive approval from a lending professional.
In order to qualify for a title loan in Florida, you will need to have a paid off vehicle and clear and clean auto title. You must own the car outright, because this is what lenders use as collateral to secure your loan and that vehicle’s resale value is the primary thing that matters to them. In addition, the pink slip must be registered under your name and have active insurance coverage with no lapse in coverage. Once you meet these criteria, then you can begin the process of applying for a title loans in Florida online or in person at any local lender location.
In some situations you may need to provide extra documents or details to prove you can make the future loan payments. This is a typical requirement when you borrow cash using a high value vehicle and lenders will often ask for proof of employment along with your recent monthly income information. By providing those details you can show them there will be no issues making the title loan payments.
Florida may be the best state in terms of having so many different options to get cash with a vehicle title loan or even with a title pawn online. Not only can you apply for a title loan online and get everything completed and finalized within an hour, but you can also apply with a local lender in Florida if that’s what you prefer. Do you live in Jacksonville or Orlando? If so, then you should have no real issue finding the best title loan companies near me as there are literally dozens of companies in those cities. The same is true in Tampa and even smaller Florida cities like Tallahassee.
You can first apply for a secured loan online and get all the upfront paperwork completed. At that point it may be quicker to simply meet with that same local lender to sign the loan documents and wrap up the vehicle inspection. Most companies licensed to offer title loans in Florida will require an in person inspection and you can get this done in about 20 minutes at locations all over the State.
Most borrowers in FL are able to qualify for up to $5,000 in cash with a title loan from a newer vehicle that’s fully paid off. This amount can even be higher if you have equity in your car or truck and will provide the lender with an accurate guide on what they should offer as far as payoff terms and what is doable for that specific vehicle. This is where it’s helpful to apply with a neighborhood lender in Jacksonville and of course these values and loan amounts are going to be higher in cities with higher levels of household incomes. Take Palm Beach and Boca Raton as examples of this where many lenders have no problem dishing out 10k plus for a car title loan on a high value vehicle.
Once you know how much cash you need, then you can see which companies are active online today and what type of rates they’re currently offering by applying online now and then comparing the APR and payoff terms. Use that information and contact the different title loan companies near you in Florida to see if you can negotiate a financing term that’s more advantageous to your situation.
It is possible to get a title loan in Florida if you have bad credit or no credit history at all. This is because the lender cares most about your vehicle and it’s resale value when determining how much money they’re willing to loan against it. Bad credit title loans may not be offered online if the company has a physical location nearby, but that doesn’t mean you can’t explore your options with them by bringing in some documentation that proves steady income and current employment status. Even though the majority of title loan companies in Florida won’t run a traditional credit check, they’ll still want to make sure you’re not a lending risk. They simply want to see that you can make your upcoming payments and there’s little to no risk that you will have your car repossessed because of late payments.
When you apply for a car title loan, there are so many different rates to expect and all these rates will likely be high in Orlando and Miami. That’s because it all depends on the value of your vehicle and what other lenders are offering at that time for similar types of title loans in Florida. The best borrower will get the lowest APR possible, but just be aware that title loans have high interest rates and most companies will assess an APR that may approach triple digits. That’s why it’s important to shop around for the best rates and definitely compare quotes from title loan companies in Miami and Jacksonville. Also, make early payments and try to pay off your loan as quickly as possible to avoid the increased interest charges.
Once you have all the facts about title loans you’ll want to get started with an application. You can apply directly online and we’ll get you started here at Car Title Loans 123. Besides filling out an application online you can contact us at 844-567-5011 and speak to one of our friendly customer service reps. The other option is of course to meet with us in person. Feel free to meet with during normal business hours at our Miami Beach inspection location and look for our new office coming soon in Jacksonville!