A title loan is a great solution for fast cash, but it is not the only option. Payday loans are often considered alongside title loans but are only offered in small amounts (usually up to $500) and require either a post-dated check or pre-authorization for a debit from your bank account. A cash advance is another quick option, but typically carries a high-interest rate and other fees.
Unlike title loans (which require your vehicle as collateral), bank loans can be secured or unsecured, meaning they may not require collateral. In the case of an unsecured loan, your credit history will be the primary factor in your approval and interest rate. Since a title loan is a secured loan, your credit history will not be the primary focus during the approval process and can be one of the best options for those with bad credit or past bankruptcies.
No invasive application, no waiting: just a quick online form that will provide you with instant pre-approval. Though our site is encrypted and safe to process your personal data, we don't want to ask for anything we don't need. When you are ready for pre-approval, submit the following information:
After selecting "Get Approved," you will be pre-qualified in seconds. If you have any questions before, during, or after your application, live representatives are available to help. Your final loan amount will be based on the car's value, as determined by the inspection from the lender. Following this appraisal, your loan will be reviewed, and funds could be disbursed immediately upon approval. If you have selected direct deposit to receive your loan, you can have access to these funds the same day.
Titlelo has simplified the loan process into two clicks (or taps) on our website. No lengthy documentation, credit reports, or employment check. Submit a short application and receive your pre-approval in seconds.
Titlelo will pair you with a lender that offers the best terms and rates for you. As long as you are at least 18 years of age and have a vehicle title in your name, we can offer options to secure a loan. Titlelo has no restrictions on the age or mileage of the vehicle, and we do not require the VIN for pre-approval. The loan amount will be dependent on the value of the car, rather than credit history, and you can borrow all or some of the approved amount.
When consumers compare loans, interest rates are usually front and center. Choosing a loan with the best rate is so complicated that there are entire companies (like Titlelo) designed to solve this problem alone. On top of the interest, processing and penalty fees vary widely from lender to lender, and these charges can really add up. Titlelo strives to work with companies that have the most reasonable fees and highlights lenders that do not charge prepayment fees.
Not every lender offers flexible payment options or schedules, but Titlelo works to narrow down your search quickly. Rather than comparing each lender you can find in a web search, fill out a quick application (online or over the phone) and get instant pre-approval. Titlelo works mostly with lenders who do not charge prepayment fees, but if this is an important feature for you, let us know, and we will be sure to find you a loan without these additional charges.
While most states require car insurance for every vehicle on the road, not all do. Even within a state that requires car insurance, an out-of-service vehicle could have had its policy terminated months or even years ago (why insure it if it isn't going anywhere?). If you would like a title loan for a vehicle that is uninsured, Titlelo can find the perfect lender for you.
Lenders have different requirements, including specifications for the vehicle to be pre-qualified for a loan, but Titlelo handles that for you. Instead of searching endlessly for lenders offering title loans for uninsured cars that meet your preferences, simply fill out a quick application and let us be your matchmaker.
Applying for car title loans online shouldn't be difficult. Complete our simple online application and enter basic information about yourself and your vehicle. Once you're pre-approved, one of our friendly experts will contact you.
Titlelo will assess your needs and match you with the best lender in your area. Once you've accepted the terms and conditions of your lender, we'll help you gather everything you need to make the process simple and swift.
Visit your local title lender and bring your title, ID, and any other required documents. Review and sign your loan documents and get the cash you need instantly. Drive away with your car and get back to what matters in your life.
Title loan laws in Florida dictate that a maximum of 30% per annum can be charged as interest for loans that amount to less than $2000. For loans totaling $2000 to $3000, the limit is 24% per annum. If the loan amount exceeds $3000, then the interest rate per annum is 18%.
If the lender charges anything higher than the given rates on purpose, then the lender will be obligated to return the excess amount paid by the borrower, return the vehicle used as collateral for the loan, and forfeit the loan’s principal amount.
Title loan lenders in Whitfield, FL require the following information: borrower’s personal details, vehicle details, and government-issued ID.
Some title loan companies may add a few more requirements, but this is usually for higher loan amounts.
Title loans in Florida can be extended one or more times, with each period consisting of 30 days. This extension should be agreed upon by both the lender and the borrower. Every extension requires an entirely separate agreement that clearly lays out all the terms of the extension.
In Whitfield, lenders have to wait 30 days after the due date before a vehicle can be repossessed. Lenders are also required to give the borrower ample time to prepare for the repossession.
The borrower needs to be notified at least 10 days before the lender sells the car. This notification should include the date, time and place of the sale. The borrower should also be given information on how much they still owe, the amount of interest, and a list of expenses that have accumulated associated to the process of repossessing, selling or storing the vehicle.
If the borrower is able to come up with the total amount before the car is sold, then the vehicle will be given back to the borrower.
An auto title loan is a short-term loan that uses your vehicle's title as collateral. No credit check is required, and repayment is usually due within 30 days but can be extended with an installment plan if needed. The amount available for you to borrow will depend on the value of your vehicle.
Car title loans are great alternatives to traditional bank loans since they do not require a credit check and can usually be processed much quicker. There are fewer requirements for income, employment, and documentation, and interest rates are lower than unsecured loans.
Other short-term loans, like cash advances and payday loans, can have high-interest rates, additional fees, and strict terms. Auto pawns (not title pawns) are secured short-term advancements, but use your actual vehicle as collateral, rather than just your title.
Title pawns, pink slip loans, auto equity loans, and auto collateral loans are all terms that can be used to describe types of title loans.
Titlelo offers car title loans in twenty-one states. We have partnered with reputable lender with multiple locations across the United States. Although Titlelo is headquartered in Florida, you'll be able to complete the loan process online or with one of many local title loan companies.
Looking for title loan places open on Sundays? We've got you covered. For your convenience, we've also partnered with lenders in your area that are open on the weekends. Never worry about an unexpected emergency again. Visit one of our many partner locations near you to get the help you deserve.
No problem! Title loans are secured loans, which means they use collateral instead of credit history to determine the interest rate. No credit information or sensitive personal information (like your social security number) is required. Apply online with your contact information and a few details about your vehicle and receive instant pre-approval.
The lender may request additional information to process the loan including a valid government-issued ID, your vehicle's title, and proof of income. Income does not have to be regular employment and can include payments from disability, social security, child support, alimony, unemployment, and self-employment.
Some lenders may also wish to see proof of address, car registration, or car insurance. If you prefer not to provide certain documentation, let your Titlelo expert know, and they will match you with a lender with fewer requirements.
The amount of your loan is dependent on the value of your vehicle and loan regulations in your state. Generally, title loans can be approved for amounts as low as $200 to as much as $25,000. To determine the value of your car, the lender will complete an inspection of your vehicle.
Apply online to pre-qualify for a car title loan with only minimal information about your vehicle: make, model, year, and estimated mileage. The expected amount of your title advance may change depending on the condition of your car, as determined by the lender's inspection.
Titlelo will match you with a lender in your state and will help schedule the inspection of your vehicle (either at your location or the lender's). After the review is complete, the value of your car will be finalized in the loan. You may choose to borrow all or some of the approved amount and can receive the funds the same day (if opting for direct deposit).
Yes! Even though your vehicle's title is used as collateral and the loan amount is established by the value of your car, your vehicle will remain in your possession during the entire life of your loan.
Unlike an auto pawn, which requires your actual vehicle as collateral, a lender of a title loan will only request your vehicle's title. Since this is still a big financial decision, you want to be sure to work with a reputable lender. Titlelo will help narrow down your options to a short-list of trustworthy companies that offer competitive rates and realistic terms.
After establishing the value of your vehicle with an inspection by the lender, the loan will be finalized and the funds disbursed. You will continue driving your car to work, school, and to run errands while making payments on your loan. When the loan has been repaid, you will receive your vehicle's title back from the lender.