Title Loans in Fort Lauderdale, Florida
There are many companies offering title loans in Florida. If you urgently need money right now, how can you be sure that you are going to the right lender? And what’s the difference between title loans in Fort Lauderdale and standard loans from the bank?
What You Need to Know About Title Loans Fort Lauderdale
If you urgently need money and you have nowhere to go, your best option is to apply for a title loan with Platinum Lending. This is a company that has provided online title loans to its hundreds of clients over the past years. The loan experts and staff of this company can provide you all the information you will need to make a very safe and fruitful loan application.
A title loan is considered a short-term loan, usually for about one month duration, and secured by a vehicle. To be qualified, your vehicle must have no liens, or judgment against it. Furthermore, you must show your capacity to pay.
Other than these two stipulations, the company will not require you to do anything. These loans are also considered title loans without a job. Even if you have a checkered credit history, that doesn’t matter as long as you are able to pay the loan amount that the company will release in your behalf.
How to Apply for Title Loans Fort Lauderdale
Our title loan processing at Platinum Lending is one of the easiest and quickest to accomplish. Here are the simple, easy steps on how you can do it:
- Go to the homepage, move your mouse to the Apply section.
- From the drop down list that appeared, click on the type of vehicle that you own.
- You will be redirected to another page that will give you a brief explanation about the type of vehicle you chose from the list. Read it carefully and educate yourself.
- On the right corner of the page is an online form that you need to fill in necessary information such as the year, make and model, and mileage.
- Next, you will be redirected to another form asking your personal information. Fill that out, check the boxes below Zip Code, and then hit the Submit button.
- In a matter of minutes, you will get a title loan quote.
- You will be also asked by a loan specialist of a schedule when you would want to discuss the process, and at the given time, he will explain in full detail how to get your loan proceeds.
- Ask him anything you want to clearly understand what you are going into.
Laws You Need to Understand Regarding Title Loans
Two laws govern title loans Fort Lauderdale. The applicable law for your loan depends on the type of law that governs the license of your lender.
- Florida Statute 516
This law governs general consumer lending and not just title loans. It provides certain protection, but is not very specific and does not have particular requirements for compliance.
- Florida Statute 537 –
This law provides ample protection for consumer lending since it contains more specific restrictions on extra charges imposed by the lender as well as repossession and sale of collateralized goods.
Benefits of Title Loans
Title loans in Fort Lauderdale have many benefits to borrowers. Here are some of the more important ones.
- Shorter processing time
If you need cash urgently, a title loan is your way to go since your loan application can be approved in as little as 24 hours.
- No credit checks
The lender will not subject you to any credit investigation since all he needs from you is proof of your ability to pay.
- Short term periods
With short term periods, you can quickly repay your loan and get your car title back.