Title Loans Altamonte Springs, Florida
When you need cash fast, without hassles and without the lender dictating how you can use the loan, then title loans are often your best option. Let’s take a closer look at how these loans work.
Title Loans Altamonte Springs: Title Loan Basics in This Area
Banks in this region don’t make loan acquisition easy for the average person. Some of the biggest financial institutions in the area, such as BB&T on Central Parkway, are reticent to lend personal loans for discretionary purposes, and even those that do, such as TD Bank, will often have a loan minimum of $5,000 to $10,000 and a minimum loan term of three to six months. There may also be early repayment fees, which means that these personal loans are a sizable long-term obligation.
Title loans in Altamonte Springs aren’t like that all. In fact, most title loans process in just minutes. You can take out small loans, including $100 and less, and you can have a fast repayment schedule as well as the option to repay early without penalty. Acceptance rates are very high because car title loan requirements are few and far between. Your credit history and background generally don’t matter, and you can even get these loans without income or with alternative incomes, such as unemployment. The only usual requirements are that you:
- Are at least 18 years of age
- Own the truck or car used as collateral
Title Loans Altamonte Springs: Title Loans with Loan Cheetah
You have a number of options when it comes to getting a title loan, and perhaps the simplest and most consumer-friendly is title loans online with Loan Cheetah. Navigate to the homepage, and you’ll find a simple form that just requires:
- Your full name and zip code
- Contact information
- Information about your vehicle, such as make, model and mileage
Once you’ve entered that information, click or touch the Submit button, and Loan Cheetah will respond within seconds with an auto title loan estimate. If the information you provided is accurate, then this quote will be a precise figure of the maximum loan amount you can expect. You don’t have to borrow the full amount, and a loan representative will contact to answer any questions, discuss the options that apply to your unique situation and help you complete the loan process. Finalizing a title loan can often take just minutes and be completed entirely from the comfort of your home.
Consumer Protection and Other Legal Matters
You can borrow title loans in Orlando via Loan Cheetah with full confidence that the lending entity is licensed and monitored by the state. Florida limits the number of short-term personal loans that you can take out in any one 30-day period. It also limits these short-term loans to 30 days or 60 days when the borrower has requested a one-time extension. Florida also limits interest rates and fees. The total obligation cannot be more than 25 percent of income, and interest rates are limited to just 18 percent on all money above $3,000, which is quite favorable.
The Benefits of a Title Loan in Altamonte Springs
Owning your vehicle's lets you secure the loan, which is what allows for fast processing and no hassles. Securing title loans in Altamonte Springs with your vehicle doesn’t mean that you have to hand that car or truck over to the lender. You keep it and get to continue using it for work and errands. Most lenders of title loans in Altamonte Springs don’t require credit checks or background screening. You can even get a loan without income, and loan amounts can be small and have a term of a week or even less.