Car Title Loans in Apopka, FL
Nobody wants to ask their family or friends for a loan. It’s embarrassing and many times not even lucrative if the person you asked doesn’t have money to lend you. If you have poor credit, then you know how tough it is to get a conventional loan from a traditional bank or credit union. Besides, who has the time to jump through the hoops that those companies demand? Apopka Title loans companies offer their customers the ease and convenience of getting a loan quickly, without the hassle of a regular loan.
The only requirement is to own your vehicle. As long as you have the title to your car, van, motorcycle, or motor home, you can get cash that very day. The company does not actually take your vehicle during the loan period, either. This is a common misconception that may deter some people from applying for a loan. You will have complete possession of your vehicle the entire time you are using your money. The company simply holds the title until the loan is paid in full. Once the last payment is made the company relinquishes the title back to you. It’s a simple process that has huge rewards for those residing in Florida.
The benefits to getting a loan far outweigh the disadvantages in these ways:
- The cash can be used a variety of ways.
- There is no credit check
- The application is easy
- The process is done online
- Emergency money at your fingertips
The list goes on and on. Title loans Florida are excellent when you have short term money needs or because of an unexpected emergency. Many customers turn to them even when they have good credit, as they are simply less of a hassle to receive.
How to Get a Title Loans Apopka in Florida
Applying for title loans Orlando and Apopka can be done online. The application process for title loans is easy and quick to complete. The company will ask you a few basic questions, which will include:
- Your Name
- Phone Number
- Zip Code
You will also be required to give out information on the vehicle you are planning to use. This will include:
- Vin Number
After the company receives the necessary information, a loan representative will be in contact with you to discuss the rest of the process. You will also be given a free title loan estimate of how much of a loan you will be eligible to receive. Once you finalize the details, the money will be deposited straight into your account. You simply give up the title as collateral for the duration of the loan.
Florida Lending Laws
Florida laws are in place to ensure all lenders provide fair and accurate information to their borrowers. Under Statute 537, title loan companies cannot:
- Provide a loan to anyone under 18
- Collect any money from the borrower after the vehicle is sold because of non-payment
- Sell Insurance or collect money for insurance
- Enter into a loan with any individual who may be under the influence of drugs or alcohol at the time
- Refuse to accept a partial payment
- Charge any prepayment penalties
- Sell used or new motor vehicles or their parts
All contracts between borrowers and lenders in Florida must be completed in writing. Lenders are also bound by law to disclose all fees and penalties associated with the loan. An emergency title loan can be the perfect solution to many of life’s financial problems, such as car repairs, hospital bills, utility shut-off notices, and more. Florida lenders are there to help you through the rough times, so consider what type of loan you can get for your vehicle today.