Title Loans in Hollywood, FL
Florida Title Loans is the number one source for title loans in Hollywood, FL!
Money is getting harder and harder to come by. The consequences resulting this includes a high mountain of debt for some individuals. Those with bad credit ratings cannot turn to banks to take out a personal loan to help pay off the debt. However, title loans in Hollywood FL will be able to help you in your time of need. The only requirements include your age, and your title. An applicant for title loans in Florida must be 18 years old or older to apply and enter a contract. A vehicle title is used as security for vehicle title loans in Hollywood FL, which means the vehicle title must be clear. A clear title indicates that there are no liens placed on the vehicle that can indicate the applicant as not the full owner.
Deltona, Florida can be found in Volusia County, centrally to the state. As of data from the U.S., census of 2010, the population is 85,182 and growing to be the most populated city in that area. In 2010, thirty percent of the population was Latino or Hispanic and twenty percent of the Hispanics hailed from Puerto Rico with 1.8 percent from Cuba and 1.6% from Mexico. The government is ruled by a commission-manager officiating status, which is non-partisan and includes active participation from residents. Sixty percent of residents over 16 years old were employed in 2013, but the unemployment rate was a little over 7%. This may indicate that there is financial problems are plaguing some residents. For that reason, many are not sure where to turn for help. However, title loan lenders are ready to give Deltona residents a chance to get a loan to take care of their financial issues. As long as a Deltona resident owns their vehicle free and clear, the door is open to obtaining a title loan. With this under your belt, you can now proceed with an application, after which you will provide proof of income and an appropriate identification to prove that you are 18 years or over.
Hollywood Title Loans Online Application Process
Our loans can be obtained online with our free application for vehicle title loans in Hollywood FL provided on the site. Information about your vehicle is necessary to continue on with this loan process. This information can include your vehicle make, model, year, mileage as well as VIN. Based on your vehicle description, we will be able to provide you with an approximate title loan estimate amount you can be approved for. This will be authorized by the title loan lender at the title loan site you are matched to. Our Hollywood title loan specialists will contact you to give you these details, as well as inform you of other documentation needed to complete the process. You will need to bring:
- Government-issued photo ID (Driver’s License or State ID)
- Proof of income (Pay stubs/Bank statements)
- Vehicle Title
You will need to bring the vehicle for further inspection. The value of your loan amount is determined by the condition your car holds. Under law, the title loan lender must provide a detailed description of the vehicle in their records to avoid any legal discrepancy.
Florida Statutes for Title Loans
Chapter 537 of the Florida Statutes states that title loan contracts made without a license is considered void, and the lender may not collect any additional money from the borrower. Any payments made toward the title loan will be refunded to the borrower. Any vehicle subject to repossession must also be returned to the owner, if the vehicle is sold, the borrower may also receive payment for the market price of the vehicle. If taken to court, the borrower may also receive full payment of any attorney cost or court fees associated with this lender.
When working with a licensed lender, it is important to know the content of the contract assigned for the loan. Title loan contracts must include the following information:
- Vehicle model, make, and year
- Vehicle identification number (VIN), license plate number, and the vehicle title
- The applicant’s name, residence, description of physical qualities, social security number and birth date
- The date of the finalized contract
- The amount given to the applicant; “amount financed”
- Maturity date which is determined as the 30 calendar days after the loan agreement is issued
- Interest payable regarding the title loan amount
- Interest rate calculations which is determined by federally by the Truth in Lending Act
- The name as well as the physical address of the title loan lender
- The regulatory agency that maintains title loan companies such as the Department of Financial Services along with a phone number for any complaints needed to be made
A disclosure must also be written stating that a title loan company has the right to repossess a vehicle that is delinquent in payments, or is defaulted by the applicant.
For further inquiries about your title loan in Hollywood FL or nearby location title loan in Fort Lauderdale.