Title Loans Longwood, Florida

What Are Title Loans Longwood, Florida?

Title loans in Longwood are a way to keep you on the road and get you some extra cash to help with whatever you need it for. Many of our customers at Loan Cheetah use title loans as a way to access cash on the spot without having to jump through hoops for traditional lenders. What makes title loans such an easy choice is that they do not require a credit check or any other type of collateral except for the title to your vehicle. The title loan requirements are essentially that you own the title to your vehicle and that you do not have any other types of liens on your vehicle. As long as you are 18 years or older, you can apply for a title loan to get some extra cash in your pocket right away. This is true even for rebuilt car title loans.

Loan Cheetah works with customers to make sure that they are able to still drive their cars and have cash to take care of their financial needs. The wonderful thing about title loans is that as long as you completely pay off your loan in the time required, you never have to give up driving your car. At the end of your loan, you keep your car and the title to it.

How Do You Apply for Title Loans Longwood, Florida?

With Loan Cheetah, applying for title loans in Longwood, Florida is fast and stress free. This is mostly because we offer online vehicle title loans and excellent customer service. You will not have to leave your computer to apply for title loans in Orlando, Florida through Loan Cheetah.

To get started with your title loan application, you need to have access to some vehicle information and your own personal contact information. You will need to fill in your name, contact information, address and phone number. There is no need to go through a lengthy credit check process, so you will not be asked about financial history or background in order to qualify for a title loan right away. For your car, you will provide the year, make, model and mileage. This helps determine the value of your car and ultimately how much of a title loan you can qualify for. The more valuable your car, the higher loan amount you may qualify for. A representative will contact you as soon as you have submitted the application to let you know what your title loan estimate is.

What are the Legal Regulations in Florida You Need to Know About Title Loans?

In Florida, you should expect that your title loan will be in writing. As with any important financial agreement, you should always read the entirety of the terms of the loan before signing. In addition, there are certain regulations on the amount of interest rate you are allowed to pay on title loans depending on the total amount of the loan. If the loan amount is up to $2,000, your interest rate cannot be higher than 30 percent. For loans between $2,000 and $3,000, the maximum interest rate is 24 percent. Any loan above $3,000 has a capped interest rate of 18 percent.

What are the Advantages of Getting a Title Loan?

Along with getting cash much quicker than with using a traditional lender, title loans do not require intrusive credit checks. They are a great option for getting fast cash without using a co-signer or waiting on a bank.