5 Star Car Title Loans in Cocoa, FL
When you are running on a low budget with a small salary, it can become challenging to cope when a sudden financial emergency may occur. Such hard times may call for borrowing from external sources, such as banks or your family and friends.
However, traditional bank loans can be difficult to obtain when you have bad credit and need money urgently. On the other hand, you can’t always ask your friends and family for money.
Thus, you might want to explore your other borrowing options.
For example, when you face financial hurdles and run out of choices, you can explore alternative short-term financing options such as car title loans in Cocoa, FL. 5 Star Car Title Loans offers quick financial solutions such as title loans for people with bad credit.1
What is a Title Loan?
Title loans are secured short-term cash loans which you can use when you need emergency funding to settle sudden bills or expenses. These are collateral loans given based on your car’s title as collateral.
These loans are known by various names such as pink slip loans, title pawns, auto title loans, auto equity loans, and vehicle title loans. These are granted by third-party lenders regardless of your credit score.
Thus, even if you have a bad credit score, you can still get loan approval quickly.1 During the loan term, your car’s title will be in the lender’s possession. However, you can still use your car as you need, without any restrictions.
If you fail to pay the loan back your vehicle can be seized and sold by the lenders, thus, timely paying the installments is essential.4 Most people opt for title loans as their last resort as there is an inherent risk of losing your car.
So, when you are looking for an alternative to obtain a fast cash loan2, give us a call at (888) 309 0994 to know your eligibility for a title loan!
How Do I Get Title Loans in Cocoa, FL?
5 Star Car Title Loans provides quick cash title loans adhering to Florida title loan laws. Our process is completely online so you can get started in just 3 simple steps as follows:
Submit an Online application form
To submit your title loan request, you just need to fill out a simple online application form. It will only take a few minutes to complete and you can know your loan eligibility instantly!2
Submit Relevant Documents
You will need to submit the relevant documents such as your driver’s license, car documents, income proof, and a few other documents for verification. Our team will assess your documents and provide the approval as soon as possible.1
Get Approved and Receive Cash!
When you have received the final approval, you will be required to express written consent by signing the loan agreement. If you agree with the loan terms, you can expect to receive the funds within 24 hours of approval.2
What is Required To Apply For Auto Title Loans in Cocoa, FL?
You will need to submit the following documents when applying for a title loan at 5 Star Car Title Loans:
Car-Related Documents
The loan amount will be calculated based on your vehicle’s market value. Thus, your car details such as vehicle year, make, model and other car-related documents will be required.1
Thus, applicants are required to submit the following documents for the online title loans assessment:
- Original Car Title (lien-free)
- Current Car Registration
- Car insurance documents
- Photos of the car for online inspection
Personal Details
Applicants need to fulfill the specified lender’s credit criteria to acquire title loans1. Thus, you will need to submit the following documents to prove your eligibility:
- Government-issued photo ID – Your driver’s license will be required as a valid ID proof to signify that you meet the minimum age requirements and are authorized to own and drive a vehicle.
- Residence address – Your utility bills, property mortgage, rental agreement, or other residence proof of being a legal resident of Cocoa, FL will be required. These will help determine the title loan interest rates and other loan terms as per Florida title loan laws.
- Credit History – Your credit history will also be required for title loan documentation. Although whether your credit history is good or bad, it may not affect your loan approval chances.1
Income Proof
When applying for a title loan in Cocoa, FL, applicants must provide sufficient income proof to demonstrate their payback ability for loan approval.4 Thus, you can submit any of the following documents as income proof:
- Monthly Paycheck Stubs
- Bank statements to show income from a self-owned business (if any)
- Income from a family trust fund or inheritance money
- Tax returns
- Unemployment benefits from the government
- Worker’s compensation
- Pension or Annuity payments
- Court-ordered payments (if any)
- Income from any other alternative methods
What to do If the Car Title Isn’t in Your Name?
Title Loans are given to the person whose name is on the title and holds full ownership.1 If you have recently purchased the car title and didn’t get the title transferred or lost the title documents, you will need to get the title reassigned to your name.
Without a valid title certificate, you cannot qualify for an auto title loan. Thus, you will need to fill out a replacement title form from the website of the secretary of state or the local Department of Motor Vehicles (DMV). You can also visit their office for obtaining a new title.
Steps to Apply for a Replacement Car Title/Title transfer
You can request a duplicate title or get the title transferred by following these steps:
- First, you need to submit an online application form requesting the duplicate title or title transfer.
- You will need to submit your driver’s license and other car-related documents such as a bill of sale from the previous owner or other evidence to prove that the car belonged to you.
- If you don’t have the car sale bill, you may need to ask the previous owner to apply for a title transfer/replacement.
- Next, you will need to follow the on-screen instructions to complete the application for a new title in your name.
- You will also need to deposit a small fee for the replacement title, which you can pay using your debit/credit card.
After you have successfully applied for the replacement car title, you will have to wait for 2 to 6 weeks for the new title certificate to arrive. Or you may also visit the secretary of state’s office to receive the title sooner by paying an additional fee.
Once you have the title in your own name, you can apply for a title loan from 5 Star Car Title Loans in Cocoa, FL. So, when you need a quick title loan, give us a call at (888) 309 0994 for immediate assistance!
How Long Does it Take to Get Approval for a Title Loan?
Unlike a traditional bank loan, it does not take long to get approval for a title loan in Cocoa, Florida.1 Depending on how fast you submit all the required documents, you can usually get a loan approval within 1-2 days2 if you meet the minimum eligibility requirements.
At 5 Star Car Title Loans, you can get conditional approval on the same day by applying online, pending review of documentation. In addition, you can expect to receive the money on the same day within 24 hours of final approval.2
So, when you need money for your immediate cash needs, call our team at (888) 309 0994 for a free consultation!
What is the Difference Between Title Loans and Payday Loans in Cocoa?
Title loans can be a more convenient alternative than fast payday loans. A title loan is a short-term loan that’s secured with the vehicle title as collateral. On the other hand, payday loans are unsecured loans.
Though you may not have to provide collateral for the payday loan, these are usually for very small amounts and need to be repaid in full after the loan term.
Moreover, interest rates on payday loans are much higher than on title loans while you can borrow a much larger sum of money with a title loan at competitive interest rates.
Additionally, you don’t have to repay the full amount at once, as you can repay title loans with small, fixed installments every month.4 Thus, title loans are ideal when you need to borrow a significant loan amount in a short time.
If you are considering applying for a title loan in Cocoa, FL, feel free to schedule a consultation with our loan agents today!
How Can I Repay My Title Loan in Cocoa, FL?
Paying off a title loan can certainly be stressful as you may lose your car if you fail to pay the regular installments.4 Thus, you should have a repayment plan in advance when opting for a title loan.
Luckily, 5 Star Car Title Loans provides a convenient and flexible repayment schedule to fit your needs. In addition, our team can help you choose low installment plans making it easier to repay your title loan.4
We accept payments in any of the following modes you may find convenient:
- Online Payment
- Direct deposit in the bank account
- Send a Mailed Check
- Pay via a Money Order
- Payment on the Phone with your Debit/Credit Cards
- Cash Payment
- Send money through your nearest MoneyGram location
Make sure to pay the monthly installments on or before the due date so there are no default payments.4
Apply For a Quick Online Title Loan from 5 Star Car Title Loans in Cocoa, FL!
When your financial condition is deteriorating with no other solution in sight, you can rely on 5 Star Car Title Loans for your immediate short-term financing needs2. We provide fast cash title loans with a smooth loan approval process and no hassle of extensive credit checks.1
Whether you have a good credit score or poor credit history, we provide fast loan approval, provided you meet the minimum lender’s credit criteria.1 Our process is fully online and designed to provide you access to usable funds within 24 hours of approval.2
Advantages Of Choosing 5 Star Car Title Loans in Cocoa
We are your one-stop shop for quick title loan services at competitive interest rates! Choosing our services can help you resolve a wide range of emergency monetary problems in Cocoa, FL. In addition, you can enjoy the following benefits:
- Get Cash Quickly2
We are dedicated to making it easier for clients to get through their challenging financial conditions. Thus, we ensure that loan proceeds are available for use within a day (24 hours at most) after final approval.2
- Smooth and hassle-free process
We don’t require big piles of paperwork or long processing time for loan approval.2 Our online application process only takes a few minutes and you can know your eligibility and get pre-approved for a title loan on the same day without delay.1 Apply Now!
- No hidden fee or charges
We don’t charge any hidden fees or pre-payment penalties.4 We discuss all the loan terms upfront and have dedicated loan officers who will explain everything so you know what to expect.
- Get approved with bad credit1
If your bad credit has become a hindrance in getting approved for bank loans in Cocoa, FL, you can apply online for a title loan and get approved without a problem!1 We accept all credit types as long as you can provide stable income proof.
- Quality customer support
Want to know how much loan amount you can borrow? Need a flexible repayment schedule? Or do you have any other questions? Whenever you have any questions or doubts, you can consult with our customer support team for expert assistance.
Apply for a Car Title Loan In Cocoa, FL, and Get Fast Cash!
When you need immediate funding, you can consult with our loan officers at 5 Star Car Title Loans. We provide various title loan services at competitive interest rates for applicants with all types of credit history.1 So, don’t hesitate to apply when you need immediate funding.
Need a car title loan without a prolonged loan process? Contact us at (888) 309 0994 for a consultation and apply online today!
