Title Loans in Edgewater, Florida
If you’re wondering how to cover the bills and cover trips to New Smyrna Beach, finding title loans Edgewater, Florida can help fill in the gaps in your budget. A car title loan is a secured loan that uses the value of your vehicle to determine the amount of money you will receive. You won’t need a stellar credit score and you won’t need to worry about not being approved for an unsecured loan. You even get to keep your car! Here’s how it works.
How to Apply for a Title Loan Edgewater, Florida
If you want to look for title loans in Orlando, you can start by getting in touch with Platinum Lending. You can even apply for online title loans – simply by entering the year, make, and model of your car, as well as the style and estimated mileage, you can get a quote in a matter of minutes. Inspections aren’t always required, which means that getting the money you need is quick and easy. After you’ve supplied information about your car, a company representative will contact you to get proof of your ID and employment, and will offer a repayment plan that works for you. If you agree to the terms of repayment and the value of the loan, all you need to do is bring your vehicle title to the company, after which you can drive away with the knowledge that you’ll soon have some cash to stash in your bank account.
Laws for Title Loans Edgewater Florida
Title loans Edgewater are governed by the laws of the state of Florida in order to protect both the lender and the borrower. Title loans in Florida can be extended for thirty-day periods, provided that both you and the loan company agree to it. The title loan lender must also be licensed and registered in the state of Florida.
The maximum interest rate that the title loan company can charge you is 30 percent, which is based on the first $2,000 of the value of the loan. If your loan is worth more, the highest interest rate you can be charged for amounts above $2,000 and up to $3,000 is 24 percent. Any part of the principal that you are borrowing that exceeds $3,000 will carry a maximum annual interest rate of 18 percent.
Benefits of Title Loans Edgewater Florida
One of the biggest benefits of applying for title loans in Edgewater, Florida is that you don’t have to worry about how your credit rating will be affected. Because the value of your vehicle represents the value of your loan, you don’t need a credit check or proof of your income to be approved. Once your application has been processed, you’ll receive the money right away, along with a repayment plan that fits your income perfectly. Best of all, you can even keep your car – you’ll never have to worry about how to get around.
Platinum Lending offers free quotes to all interested customers, as well as title loans with no inspection to those who qualify. Why not call today for a free quote on the value of your vehicle or other property? Find out how much cash you could unlock from your car today and take the stress out of day-to-day life.