Title loan companies have gotten a bad reputation over the years. A title loan is a cash loan that a company gives to borrowers who use the title of their vehicle as collateral for a loan. But the laws in Florida have become very strict when it comes to companies like ours. We take our auto pawn loans extremely seriously and make sure that our borrowers understand the terms and conditions of our loans upfront, to avoid any type of confusion. We do not lend money to anyone under the age of 18, and we offer extensions if you find you cannot pay the loan back on time.
To apply for title loans in Miami you simply need to own the vehicle you wish to use as collateral. As long as you have the actual physical copy of the title you are good to go! Title loans in Pinecrest use the title of your vehicle as collateral while the loan is out. The loan itself will be determined by the amount of equity left on the vehicle you are choosing to use.
Any type of vehicle can be used for a loan. This includes a car, van, truck, SUV, motorcycle or recreational vehicle. The only type of vehicle that cannot be used is a motor home that is also the primary residence for the person who owns it.
To apply for Florida title loans you simply need to get on your smartphone or computer. If you wish, you can apply for a title loan at four in the morning of 12 in the afternoon. That’s one of the perks of these kinds of loans-you don’t have to wait for the store to actually open. If you get a late night call telling you a family member has died and you need to come right away, but you have to travel and don’t have the extra cash, apply for a loan right then and there. The application will need the following:
An agent of the company will then be in contact with you to give you the details of the loan. You’ll turn over the hard copy of the title for the vehicle in question as collateral. Don’t worry; the vehicle itself stays completely in your possession for the duration of your title loan. Florida title loan companies simply need the title as collateral. After the loan is paid back in full you will receive the title back.
There are a multitude of reasons to apply for a title loan from our company. Most borrowers take out a loan because they have overdue bills and don’t have anywhere else to turn for cash. Title loans can easily pay off overdue utilities, phone bills, rent payments, and second car payments. They are also often less expensive than taking out a cash advance on a high interest loan and better than bouncing checks trying to juggle all the bills at once. Some borrowers of ours even use the money to go on vacation or to update their wardrobe. The choice is yours, and you do not need to include the reason you need a loan on the application.
Title loans require no credit or background checks, as well. So no matter how poor of a score you may have on your report, you won’t be turned down for a loan, as long as you own your vehicle. You do not even have to have current employment to get a loan from our company.