Girl who wants fast cash but has no credit

Auto Title Loans
Online In Florida

  • Keep driving your vehicle
  • Borrow up to $25,000
  • Bad Credit is no problem
  • Fair terms & rates
  • Keep driving your vehicle
  • Borrow up to $25,000
  • Bad Credit is no problem
  • Fair terms & rates

Apply Online Today

    Same Day Funding Online Title Loans in Florida

    Title loans are a popular financing option for borrowers in Florida. These secured loans require using an asset(typically a vehicle) as collateral for a loan that often comes with high interest rates.  When it comes to title loans, many people are left wondering if title loans are legal in Florida. There is usually a lot of confusion about title loans because laws governing short term loans differ based on location. Title Loan Regulations in Florida state that title loans are legal, but certain restrictions regulate how much you can borrow and the limits on interest rates.

    Work with Southeast Title Loans to get fast approval and funding for a title loan in FL. You can borrow $4,000 or more; some customers can be approved for up to 70% of the vehicle’s value. Best of all, you won’t need good credit to get approved for a secured loan. The equity in your car or truck guarantees the loan, making it easy to be approved with poor credit.


    What Are The Requirements For Car Title Loans In Florida?

    Title loans are short-term loans that use your car’s equity as collateral for a loan. The following is how the process works:

    • The first step is checking the vehicle for proper insurance, registration, and ownership documents.
    • The lender or the organization involved estimates a value for the vehicle; They may lend up to 50% of the vehicle’s equity.
    • The lender will set the APR and repayment terms.
    • The lender can liquidate the asset if the money is not returned within the period.


    The Legal Status Of Florida Title Loans

    The Florida Title Loan Act states that car title loans are legal in Florida. Using your car, truck, or SUV as collateral is permitted according to Florida state laws. These loans are lawful only if the asset is titled in your name, and you can’t have any cosigners on the pink slip.

    You will need comprehensive insurance coverage, and the car has to be registered in Florida. That means no out-of-state vehicles can qualify, and loan amounts are often limited to 60% of the vehicle’s resale value.


    Basic rules and regulations regarding Title loans in Florida

    Since using a vehicle as collateral is legal in Florida, some laws and regulations prevent organizations from harassing borrowers. Your lender must be licensed in the state and note all the requirements and provisions for your loan. They must also offer alternative repayment options and provide enough time to get your vehicle back if you default on the loan.


    Welcome to Florida - The Sunshine State


    Interest Regulations for Car Title Loans in Florida

    Florida state laws allow the lender to charge interest up to 30% per year for a sum equal to or less than $2,000, 24% for additional money between $2,000 and $3,000, and an interest rate of 18% for any money above $3000. Notice that all these rates will be charged yearly. Of course, these interest rate caps are not enforced for all lending amounts and limits. Also, some companies offer personal and installment loans in Miami and Jacksonville that aren’t subject to these APR limits. Some companies can assess rates near 100% for auto title loans, and you can look at a payoff term of 2-3 years. Because of those high rates, finding a company that works with you is advisable to reduce initial finance charges.


    Payment Terms For Florida Title Loans

    Another aspect of title loans in Florida, as stated by the FTCA, says that in case of inability to pay off the amount along with interest, the lender holds the right to possession of the article used as collateral and can sell it. Any local lender offers a loan that includes the interest and other loan origination fees.

    Don’t enter into a lending agreement unless you have a written contract detailing your payment terms and APR. The contract should detail the months to repay your loan and what happens if you default. Your monthly payment should be around $250 for a typical title loan with an average repayment term of 24 months.


    Apply With Southeast Title Loans

    Are you ready to see how much cash you can get with a Florida Title Loan? These equity loans are ideal for applicants with poor credit, and you can borrow $2,000 or more with just the equity from your vehicle. We accept most paid off vehicles as collateral, and you can be approved with a FICO score of under 650! It takes less than an hour to apply and have your loan underwritten. So, apply with us online or call 1-800-308-1905 to start your application today!


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