Title Loans in Leesburg, Florida
Finding yourself low on cash when you have a big payment due is one of the most stressful things many of us will encounter. If we don’t have a paycheck coming up soon or we don’t have anyone we can borrow money from, finding extra cash is a hassle and a pain.
But with title loans in Orlando, getting supplemental money can be easy.
What are title loans Leesburg and how can they help me?
Title loans in Leesburg are a way that you can borrow money without using your credit score or financial history as the basis of the application. Title loans instead use your vehicle as the primary source of application information.
This unique application process opens doors for individuals who may not have a great credit score or who haven’t had the time to build a solid history of credit. Because the credit score is not used when filling out an application, it can’t influence if money is given to the borrower or not.
Rather than determining eligibility for the loan based on credit score, you are eligible for a title loan if you are the owner of a vehicle. Vehicles that can be used in a title loan application are not limited to just standard cars and trucks. You can also get title loans Leesburg with RVs, SUVs, boats, and more. But in order for the vehicle to meet the requirements of a title loan, you must be the owner of the automobile without liens or loans.
How do I apply for title loans Leesburg and how does the process work?
If you believe that a title loan is the right way for you to get the money you’re looking for, you will want to fill out an online title loans application with Platinum Lending. At Platinum Lending, we provide online title loans no inspection, so you’ll get the money you’re looking for quickly and easily.
The application process begins with a detailed description of the vehicle you would like to use in the deal. You will need to give the vehicle’s make, model, mileage, year and style. Upon submitting your application, your name and phone number will be added to a contact list for a Platinum Lending representative to contact you.
You and your loan representative will walk through the loan’s demands and terms. For title loans Leesburg, this will typically include the amount of the loan, the repayment schedule for returning the loan money, and interest associated with the loan.
Once you have come to an agreement that works for both parties, you will determine a time and location for exchanging your vehicle’s title for the loan money. As a short term exchange, your loan provider will keep your title safe until you repay the money on the loan’s due date. At this time, your title will be returned to your possession.
What if I can’t repay my Leesburg title loan?
The consequences of a defaulting on your Leesburg title loan will depend on your particular situation and deal. As a secured debt, your vehicle stands as a piece of collateral to ensure that the money is paid back to the loan provider.
In some circumstances, your loan provider may choose to only increase the interest on the loan and give you more time to come up with the money that you owe. Other times, your car may face repossession until you are able to meet the necessary payments that you had agreed to while discussing the loan terms.