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Title Loans in Dania Beach, Florida

A car title loan may be described in layman’s language as credit issued against a person’s vehicle. In detail, title loans are secured credit options issued on a short-term basis to debtors who use their lien-free equity on certain assets as collateral for the cash loans availed to them. Debtors apply and when accepted, hand in hard copies of their ownership titles to their creditors. They are then issued with the fiscal relief they seek. On clearing the debt as agreed, the title of ownership is returned to the borrower, and the lien lifted on the equity. These loans are pretty convenient as one does not need to worry about how to get a title loan without a job. Lending firms have no real regard for a debtor’s ability to repay employment status and credit history since they offer secured loans. The only concerns credit firms address when determining the sum an applicant qualifies for include:

The growth in popularity of car title loans in Fort Lauderdale can be described as exponential. The constant rising demand for title loans Dania Beach among the people of Florida can mainly be attributed to the overwhelming customer satisfaction levels soaring higher day by day. The need to have an overwhelming fiscal health in these economically turbulent times has also had a significant role to play in the growing popularity of these lien-free equity financing options. Some situations that have commonly driven people into taking such loans include:

  • Clearing school fees before examinations
  • Raising police bonds and bails
  • Paying hospital and morgue bills
  • Paying rent
  • Avoiding lawsuits
  • Making one-time investments with short expiration periods

Title loans Dania Beach are especially beneficial because they:

  • Do not discriminate on the basis of employment status
  • Have no big regard for credit scores
  • Secured assets attract larger loan amounts than those offered by bank loans
  • Are fast, flexible and user-friendly (bureaucracy minimized)

How to apply for title loans Dania Beach

Opt for Platinum Lending when applying for any short-term loan services. Making this selection is always the first step in the right direction. As an incredibly reliable and committed credit firm Platinum Lending makes the application process for title loans unimaginably easy and convenient. Applicants are required to fill in very simple details about themselves and the vehicles they wish to use as collateral. Specifics of the automobiles are necessarily in the formulation of the loan agreements. The details required to fill out in the fields include:

  • Vehicle information
  • Mileage covered by vehicle
  • Make and model of vehicle
  • Manufacture date
  • Phone number
  • Name of applicant
  • Zip code

Applicants are guaranteed feedback within a day of their application. Each applicant is assigned a representative who negotiates and finalizes on every fine detail on the loan agreement made between possible creditor and debtor. Afterward, the borrower presents these items for inspection before collecting their loan:

  • Proof of identification
  • Proof of ownership (title)
  • Lien-free vehicle

The applicant then leaves with the cash loan, vehicle and identification details. The car title is left in the protection of the creditor.

Legalities managing title loans Dania Beach, Florida

  • Creditors must allow loan defaulters reasonable time to surrender their assets before repossessing them
  • Creditors must use licensed repossessing agencies to repossess lien assets
  • There are certain caps imposed on different amounts of loan amounts
  • Creditors are barred from repossessing assets without notifying debtors ten days before
  • Any amount of cash gained from the sale of a repossessed asset exceeding the principal and interest charges must be refunded to the debtor.
  • Debtors must be notified of place, time and date of the sale of their repossessed items in reasonable time.
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