Title Loans in North Lauderdale, Florida
Are you one of those people with the kind of financial issues that warrant immediate assistance? This is something that is happening to many Americans and for that reason alone, you don’t have to feel ashamed about asking for money when you need it. Your trouble is no less than anyone else. A title loan lender will understand so put your problems to one today. If money is an issue, whether in an emergency financial situation or one that was caused by past financial trouble, a title loan lender offers a solution within 24 hours of your application. So do yourself a favor and put in your application today.
The City of North Lauderdale
The city of North Lauderdale is located in Broward County in the state of Florida. According to the United States Department of Bureau, the population was 41,023 as of the year 2010. The city is known as the “City of Tomorrow.” The name was initially conceived by the famous Morris Lapidus who was an architect with fresh ideas, transforming the glitzy Collins Avenue in the Miami Beach area. He also did work on Eden Roc and the well known Fontainebleau Hotel. There are many thirty-year-old residents in the city, but also from a broad age group, from 18 years old to 65 years and older. Get more information about the city of North Lauderdale by visiting the official website.
Title Loan Laws in North Lauderdale, FL
The legislature in Florida for the title loan industry is governed by the Chapter 537 of the Florida Statute. There are certain rules as it pertains to interest rates and fees charged as follows:
- For loans in the amount of $2,000, the interest rate cannot be more than 30 percent
- For loans in excess of $2,000 and below $3,000, the interest rate cannot be more than 25 percent
- For loans in excess of $3,000, the interest rate cannot be more than 18 percent
- The lender cannot compound the interest rate. It has to be calculated as simple interest.
No Credit
Most lenders in various financial institutions will always pull your credit if you were to apply for a loan. In the case where the borrower has bad credit or has no credit history, this can be quite difficult. For the title loan lender, credit is not an issue. In fact, the title loan lender does not care about your credit and will not do a credit check before accepting your loan application. For you, this is good news. You can use the North Lauderdale title loan later on to improve the state of your credit, but you must pay our title loans in North Lauderdale in a timely manner in order to do so.
How Fast?
A title loan North Lauderdale process is much faster than the conventional loan process. The fact that the title loan lender does not check credit makes the process faster. Another reason is that the vehicle is the security interest so the title loan lender will feel more secured against too many lending risks. If you are in a financial emergency, then a North Lauderdale title loan would be the ideal solution.
The Application
If obtaining cash to fix a financial situation seems like a good decision, then you should go ahead and complete the application. You don’t have to wait for days or weeks to get funding. Within 24 hours, you could see money in your bank account. A title loan lender is waiting to assist you.
Taking the Next Step
Now that you have an idea of the North Lauderdale title loan concept and you want to fix your financial issues, then you should consider applying for a title loan North Lauderdale today so that you can get funded faster. This could be the ideal way out of your financial hardship. So do it today!
