Title Loans in Tallahassee, Florida

A lot of financial are caused by a wide range of reasons. One of the reasons is an emergency situation that caught you off guard such as an illness where you had to go in the hospital for days or months. It could have resulted from the death of a loved one who had no life insurance and you had to pay all the bills and possibly still paying it. Being laid off from your job is also another reason. While you may be receiving unemployment benefits while you are looking for another job, this amount may not be enough to pay off those outstanding bills. If you have been injured on your job and now receiving worker’s compensation, this may also not be sufficient to pay the bills that are due. For that reason, you may need a little financial nudge from a title loan lender and with title loans in Tallahassee. If you are in any of these situations, it is understandable that you would need money fast to take care of this. A title loan lender offers fast loans and even bad credit title loans. So, you can depend on the title loan lender to provide a means of fixing your financial situation quickly.
Title Loans Tallahassee City
The city of Tallahassee located in Leon County. It became the capital of the state of Florida in 1824 and is a county seat. It is the only municipality in the county that is incorporated. In the entire United States, it is number 126 on the list of largest cities. The population in 2010 as indicated by the U.S. Census Bureau was 181,376. The primary drivers of the economy after World War II were state government and colleges. Visit the official website to get more information about this marvelous place.
Title Loans Tallahassee Laws
Title loans in Tallahassee benefit the borrower and the lender, but of course, there are rules that help to protect both parties. Chapter 537 of the Florida Statute is the legislature passed in 200 and regulates title loan industry. There are certain guidelines that lenders have to follow such as:
- No more than 30 percent for loans in the amount of $2,000
- No more than 25 percent for loans between $2,000 and $3,000
- No more than 18 percent for loans in excess of $3,000
The Procedure
You can rest assured that when you apply for a title loan, the process will be smoother than that of a traditional lender. You don’t have to be embarrassed about your bad credit or your lack of credit history because a title loan lender does not view bad credit as a reason to decline the loan. Credit is never an issue. The collateral is enough to secure the loan in addition to:
- Proof of stable income
- Proof that you are at least 18 years old
- Proof that you are the full owner of the vehicle that is going to be used as collateral. The vehicle should not have any liens either
As you can see, the requirements for online title loans are quite minimal and for that reason, the process tends to go rather smoothly.
The Application
Even after your loan has been approved for title loans in Tallahassee, you can continue to drive your vehicle. The lender will maintain possession of the certificate of title until the loan is fully repaid. You also have the benefit of using a title loan to improve your credit rating as long as you pay on time. Now that you have determined your eligibility in applying for title loans in Florida, go ahead and do so now. When you have completed the loan application online, a representative of Platinum Lending will call to provide a free loan estimate.