Florida Title Loan »
A vehicle with fast funding, no credit check, also known as car title loans or title pawns, is a good option for people who need cash fast. They have a quick approval process, even for those with less-than-perfect credit.
When you have your car title, it shows that you fully own the vehicle. This makes it a useful asset for secured loans with no credit check. If you are in the Pensacola, FL area, we can solve your financial situation.
Florida Title is a trusted lender in the industry. We have two locations: the South Office in Lillian, AL, and the North Office in Seminole, AL.
Here are four simple steps on how to Get Money for a Car Title with Fast Funding.
How to Get Cash for My Car Title?
- Fill out a short online application with Florida Title. Provide basic information to see if you qualify for our auto title loans with no credit check. You will also get an estimate of your potential loan amount.
- Provide us with recent Proof of Residency as well as recent Proof of Income. Employment status could factor into approval. To confirm adequate protection for your vehicle, we might also ask for proof of insurance.
- You must have a free and clear title for your vehicle. If you have a paper copy, bring it with you to one of our two locations. We can also ask the DMV for an electronic copy. We can assess a vehicle’s condition through an inspection.
- After processing and approving your loan application, we will give you a check, providing the quick cash you need. You can deposit the loan money directly into your bank account. You can use it for different things, like building an emergency fund or consolidating loans.
Applying for a vehicle title loan is simple and easy. It offers quick loan approval for those with unexpected expenses or who need reliable transportation.
Is Less than Stellar Credit a Concern?
Many people worry that they may not qualify for title loans because of a poor credit history. Since you’re using your vehicle as collateral for a secured loan, Florida Title isn’t concerned about your credit score.
We focus on finding out how much your vehicle can qualify for, and also check if you have the monthly income to handle the loan payments. This can be an opportunity to build credit if you make timely payments.
How Much Can I Borrow Against My Vehicle Title?
We base the loan amount you can borrow on your vehicle’s value. The year, make, model, mileage, and condition of the vehicle, including any structural damage, determine this value.
Additionally, the loan amount may depend on what you can afford to repay. Our car evaluation provides a fair assessment for auto title loans. We also provide motorcycle title loans for those who prefer two-wheeled transportation.
How Does the Repayment of a Title Loan Work?
We offer every customer 3 repayment options:
- Pay the loan out in full, and we’ll release your title. A secured title loan at Florida Title offers a 30-day interest-free repayment program. If you meet the requirements, you can get the funds you need.
You must repay them within 30 days, with no interest. Depending on your loan amount, this may be a great option for short-term financial relief.
- Make the minimum payment, extending the transaction for an additional 30 days. If you can’t pay back the money in 30 days, you must pay the interest that has built up. You can extend your loan for 30 days. If you can’t repay within that time, you must pay the accrued interest.
After that, we can extend your loan for another 30 days. Be aware of the annual percentage rate and total cost of the loan when considering this option.
- You can pay more than the minimum amount due. This extra payment will lower your principal balance. It will also reduce your interest for the next 30 days. This can help manage high interest rates associated with title loans and reduce your outstanding balance more quickly.
We partner with clients, ensuring they borrow appropriately to facilitate manageable payments and avoid defaults. We offer flexible, short-term loan repayment options for quick payoffs. It could be a couple who wanted both names on the car. Or, the lender might need someone to cosign for the vehicle purchase.
It could be a couple who wanted both names on the car. Or, the lender might need someone to cosign for the vehicle purchase. Upon settling the account, we will release your lien, and the title will become free and clear. We do not charge prepayment penalties, so you can pay off your loan balance at any time.
What if I have a Cosigner on the Vehicle Title for Fast Funding, no credit check?
Joint vehicle ownership often involves couples wanting both names on the title or lenders requiring a cosigner. Title loan requirements differ when a vehicle has multiple owners and you are not the sole owner.
How the vehicle title lists two names determines if both individuals need to participate in the application process. If the word “and” connects the two names, then both parties must be present to get the loan.
When “or” links two names, either individual is eligible for the title loan. If there is no conjunction between two names on a vehicle title, both parties must be there. Lenders assume that the ownership is “and,” not “or.”
Ensure all titleholders can sign the quick funding title loan agreement. At Florida Title, our customer service representatives are the best in the business. We ensure you thoroughly understand our title loan process, terms, and address all your questions.
As reputable lenders in the industry, we offer various financing options and borrowing options to suit your needs. Let us help you decide if a title loan is the right option to get the money you need. We designed our loan duration and repayment terms to be flexible and accommodate your financial situation.
It’s important to note that while title loans can provide quick cash, they often come with high interest rates and loan costs. Consider all credit options—personal, payday, payday alternative, and installment loans—before deciding. Note any concealed, origination, or late fees, and if tracking devices are mandatory.
Conclusion
When borrowing money through a title loan, remember that your vehicle serves as collateral. Failure to meet your obligations may lead to legal action, including vehicle repossession and auction. Always ensure you can meet your financial obligations before taking out a new loan.
Despite our commitment to fair debt collection practices, be aware of the risks involved with title loans. Some lenders may use unfair lending practices. It is important to work with trusted lenders like Florida Title.
You can reach us online for online title loans, by phone at (850) 458-2274 (South location) or (850) 456-2274 (North location). We’re also available via email at [email protected]. We offer vehicle title loans to quickly meet your financial needs.
Consider exploring loan and title loan alternatives before deciding on a car title loan with no credit check. Consider your long-term financial health and choose the option that best suits your needs and ability to repay.
If you default, we may store your vehicle, and you’ll be responsible for towing fees plus the outstanding loan balance. To avoid such situations, we encourage open communication with our team if you’re facing difficulties with repayment. While some lenders require GPS tracking, we value our customers’ privacy and trust and do not mandate it.