Title Loans Daytona Beach, FL
A title loan is a type of loan allowing vehicle owners to acquire cash through a pawn of the title. Individuals that wish to apply for title loans Daytona Beach must be at least 18 years of age, have a clear title to the vehicle and meet other minimum requirements to receive a title loan approval. A few additional facts about the Daytona Beach title loan:
- Title loans have a maximum time of 30 days for repayment, however, state law allows for renewal of the loan, thus entitling borrowers as much time to repay the loan as necessary.
- Loans as small as $250 are made via title loan, as well as those as much as $20,000 or more. Your loan amount is based upon the value of the vehicle.
- Forfeiture of title loan repayment relinquishes your vehicle to the title loan company. Title loans should always be used carefully.
How to Apply for Title Loans in Daytona Beach, FL
To apply for an online title loan, the first and most important step is completion of the application. You’ll need your vehicle information to complete the application, including the Vehicle Identification Number (VIN;) the vehicle makes, model and year; the vehicle mileage, etc.) Personal information is also a necessary portion of the application. You’ll need to provide your name and telephone number, address, etc.
Once you’ve successfully completed your application with the required information, a title loans Orlando estimates is provided. With this title loan estimate, you’ll know exactly how much money you can get via a title loan. A car title loan specialist will contact you to finalize the loan.
Florida Car Loan Regulations
The Florida Car Title Loan Act of 2000 is in place to help protect consumers using a title loan. There are two acts under the title loan law. The first, Act 537, prevents extra charges and provides greater consumer protection. The second, Act 516, bypasses all laws and does not provide consumer protection.