Title Loans Dunedin, Florida
Title loans Dunedin are quick cash loans available to individuals who have free and clear title to their vehicle. In exchange for the loans, borrowers allow the lenders to place a lien on the titles to vehicles. Title loans are tailor-made for people who need access to cash immediately. Borrowers can obtain cash on the same day they apply for a title loan. Not only do borrowers obtain access to cash quickly, but they also retain the right to use their vehicle while they repay the loan.
Title loans Dunedin are particularly advantageous for borrowers who have no or poor credit because no credit checks are required to obtain the loans. Further, because title loans are secured with collateral, they frequently have lower interest rates than unsecured loans, such as personal loans and cash advances on credit cards.
Another key benefit of title loans is flexibility. Borrowers can obtain loans in any amount, no matter how small or large, up to the value of the vehicle offered as collateral. Many borrowers obtain small loans that can be repaid quickly. If the amount of loan is larger, borrowers can extend the period to repay the loan over several months.
How to Apply for a Title Loan in Dunedin
Applying for a title loan is quick and easy. Applicants must be at least 18 years of age and possess a free and clear title to their vehicle. Applicants can apply online and must supply pertinent details regarding their vehicle, such as the vehicle’s year, model, make and mileage. Applicants must also provide basic, personal contact information.
After completing the application, the lender estimates the value of the vehicle. The title loan estimate of the vehicle determines the maximum amount of the loan that can be issued to the borrower. A loan representative then contacts the borrower to schedule a time to inspect the car and make a final offer.
Legal Regulations Governing Title Loans Florida
The two primary laws governing title loans in Florida are the Florida Title Loan Act and the Florida Consumer Finance Act. The Florida Title Loan Act and Consumer Finance Act requires title loan lenders to provide borrowers with a written agreement before issuing the loan that sets forth the repayment terms, interest charged and amount financed. These laws also require that the agreement specify what steps the lender may take should the borrower default on the loan. The Title Loan Act and Consumer Finance Act ensure that borrowers understand the loan terms before taking out the loan. The loan representatives can also assist borrowers with any specific questions they may have regarding the loan terms and repayment.
Benefits of Title Loans in Dunedin
Title loans are perfect for borrowers who don’t have access to credit and who need cash quickly due to unexpected events. Most borrowers are able to repay the loans quickly at a lower cost than other loans since the loans are secured by collateral. Title loans provide many benefits for borrowers in a pinch, summarized below:
- Receive money in a little as 30 minutes;
- No credit checks;
- Perfect for Unexpected Expenses;
- Borrowers retain right to continue to drive vehicle while repaying loan;
- Easy application to complete;
- Flexible repayment terms;
- Flexible loan amounts and
- Lower interest rates than personal loans and cash advances.
If you suddenly find yourself in need of money, title loans Tampa may solve all of your problems.