Title Loans Tarpon Springs, FL
Auto title loans in Tarpon Springs, sometimes referred to as auto pawn loans, are a kind of secured personal loan. In this case, the title of a vehicle that you own is used as collateral, but you don’t actually relinquish ownership of the vehicle and can continue using it for driving purposes. Since these loans present very little risk to the lender, the application process are simple and fast. In fact, most title loans will process in under 15 minutes, and loans can be for small amounts and over small periods.
Personal loans from a bank are usually quite different. Consider that Hancock Bank on South Pinellas Avenue may not even entertain a small secured personal loan and would prefer an exemplary credit history instead. SunTrust Bank, on the other hand, may agree to such a loan but demand a loan amount of $5,000 or more, and Jefferson Bank of Florida tends to seek loan terms greater than six months. Additionally, early repayment is often not a practical option because banks will have language in their loan contracts that let them charge you a fee if you repay early.
Title Loans Tarpon Springs: Get a Title Loan Online?
Yes! You can apply for and finalize title loans in Tarpon Springs without ever leaving your home. Loan Cheetah is a leader in providing title loans online and, to get started, only requires:
- Your name and zip code
- Your cell number or other contact information
- Details about your car, such as make, model and mileage
Start the loan process by filling out our free online application:
- Fill in the vehicle’s year, make, model and style.
- Enter the estimate mileage or an odometer reading.
- Fill in your name, number, zip code and email address.
- Indicate that you’ve read the terms and conditions.
- Click the blue “Submit” button to finish the process.
That’s all there is to it. Within seconds, Loan Cheetah will provide you with a loan estimate via the website. If you choose to continue, a loan representative will contact you at your convenience by the method of your choice, such as phone or email. That person can answer your questions and guide you through the loan process all the way to the point where you have cash in hand.
Florida Title Loan Laws
Like most states, Florida has laws that protect consumer interest when it comes to title loans in Tampa and throughout its regions. Lenders must be licensed, which means that whether you secure your title loans in Tarpon Springs locally or online, you can be confident in the lender. Lenders must disclose all details, including the full cost of the loan, in writing up front. The law also caps interest rates so that you can pay no more than 30 percent up to $2,000 borrowed, 24 percent up to $3,000 borrowed and 18 percent on all borrowed money beyond that. Loans are also restricted to:
- People 18 years old and older
- An initial 30-day term
- One 30-day extension
Benefits of Title Loans in Florida
When you’re in a jam and need money fast, title loans in Tarpon Springs are a lot more convenient and flexible than traditional bank loans. They’re generally a better option than other short-term loan options as well because the total costs tend to be lower. Processing times are fast because lenders don’t require an extended vetting process. There are no credit checks, income verifications and background screening, which means that your employment status and credit history do not matter.