Title Loans Rockledge, Florida
If you are looking for an easy way to get cash in hand without having to go through the bank for a personal loan, title loans in Rockledge, Florida are a popular choice. As long as you own your car and have a free and clear title to your vehicle, you meet the main requirements for a title loan. The value of your car determines how much you can get for a title loan. So if you are looking for a way to qualify for a personal loan without having to put up your house as collateral or having to show proof of employment, title loans in Orlando could be your best bet.
It is a common misconception that you have to give up the title to your vehicle when you take out a title loan. You get to keep driving your car along with the title so long as you pay off the total amount of the title loan.
What You Need to Know About Applying for Title Loans Rockledge, Florida
Applying for title loans in Rockledge, Florida through Florida Title Loans is quicker and easier than you would think. Tile loans are sometimes also called an auto pawn because they involve using the title to your vehicle as collateral for a cash loan.
To complete the application, you will need minimal personal information, including your name, phone number and home address so that a representative of the title loan company can get in touch with you about the loan amount you can receive. For your vehicle, the application will ask for the year, make, model and mileage.
Florida Title Loans will provide you with a free car title loan estimate, which will be based on the overall value of your vehicle. The good news is that you will not have to wait long at all to receive the estimate for your title loan so you can get your hands on cash faster.
Florida Regulations on Title Loans
Florida law requires that all title loans be in the form of a written agreement between the lender and the borrower. Also, title loans in Florida are subject to caps on the maximum interest rates that can be charged. For title loans up to $2,000, the maximum interest rate per year is 30 percent. The maximum rate for loans between $2,000 and $3,000 is 24 percent. Loans in an amount of $3,000 or greater have a capped interest rate per year of 18 percent. The terms of your individual loan may vary, which is why it is important to read the entire title loan agreement before you sign off on it.
Why You Should Apply for Title Loans
If you have not already started the online application process for a title loan, then you should do it right away. There is no reason to delay finding out how much cash your car title can put in your pocket today. Title loans are a way to fast track the process of applying for a personal loan because they require much less information than a typical loan. For example, to qualify for a title loan, you do not have to submit to a credit check. This means that even if your credit is not the greatest, you can still be a good candidate for a title loan.