Car Title Loans in Merritt Island, FL
5 Star Car Title Loans in Merritt Island, FL
Looking for a quick loan to meet unplanned financial needs?
Applying for a personal loan or other traditional bank loans could be the first thing that comes to your mind. However, if you have a poor credit score you may not be eligible for a bank loan on Merritt Island. Additionally, these loans don’t come in handy if you need emergency cash, due to the lengthy application form and approval process.
Well, you must not discourage yourself as you can apply online for 5 Star Car Title Loans in Merritt Island, FL. With us, you may still be eligible without any credit history or poor credit score and receive the loan amount within a business day.2
What are Auto Title Loans?
Auto title loans make it possible to get money in exchange for your car’s equity through a collateral-based loan.1
It’s important to make sure that the car you’re using as collateral is legally yours.1As a lien will be placed on your car’s title once you’ve been approved for a loan.1
You’ll obtain your loan amount and be able to keep driving your car for the complete duration of your repayment in Merritt Island. However, the lien on your car title is released once the loan and interest are paid in full.
How Does The Application Process Work?
A key benefit of obtaining Merritt Island title loans is the simplicity and speed with which lending institutions, mainly, 5 Star Car Title Loans make it possible for consumers to obtain the funds they require.
Using 4 Steps Loan Process You Can Get A Quick Title Loan in Merritt Island, FL
Call Us or Apply Online
Checking your eligibility is the first thing you need to do before applying for a pink slip loan online in Merritt Island, FL. You can check whether you are eligible for a loan by either calling us at (888) 309 0994 or heading to our online portal and just filling in some basic information.
Submit Required Documents
A few documents are required next, including verification of your vehicle’s ownership and financial ability to repay the loan. 5 Star Car Title Loans in Merritt Island, also accepts paperwork through email or fax, so you don’t have to come in person.1
Sign Contract Papers
Our team will review your paperwork and send you a contract outlining the terms of your loan.
Please take the time to go through them carefully, and if you have any questions, you can reach out to our customer service department at (888) 309 0994.
Get Your Money
The loan proceeds will be started as soon as the contract has been signed and emailed back to us, and the money will be deposited into your bank account as quickly as possible, usually within one business day. 2
Car Title Loan Requirements in Merritt Island, FL
Every application for Merritt Island title loans is expected to have all of the mentioned documents ready in order to qualify for an effortless and quick title loan.
The following list of documentation that your lender may ask you for in accordance with the rules that govern title loans in the state of Florida:
The documents proving that you have a clear vehicle title you intend to use as collateral for the loan are a must in Merritt Island. Therefore, you are required to provide a document as legal proof of ownership of the vehicle’s title.1
Pictures of Your vehicle
The value of your vehicle is typically determined through an in-person inspection; however, the title loan provided by 5 Star Car Title Loans in Merritt Island is designed to make the application process as easy and stress-free as possible for you.
Sending us a few photographs over email is all that is required to validate the make, model, and age of your automobile as well as its current situation.
Your name and face have to be matched up with a genuine identity.
Although a passport or a state-issued identification card are other acceptable forms of identification, a driving license is by far the most common form of proof of identity in Merritt Island, FL.
There is a multitude of ways in which you can provide evidence that you are a resident of Merritt Island, FL, including the following:
- Bills for household utilities
- Account at a bank
- Mortgage statement
- Lease agreement
- Voting Certificating
Proof of Income
You need to provide evidence of your income in order to get an instant approval for a vehicle title loan in Merritt island. This is done to ensure that you have the financial capability to repay the loan in a timely manner.1
As evidence of your financial stability, you may present any one of the following documents:
- Recent pay stubs
- Pension papers
- SSI statements
- Retirement account statements
- Tax returns.
The very last thing that will be required of you is to provide a list of references that are able to vouch for your dependability and reputation. These may be professional in nature, related to one’s personal life, or a blend of the two.
How Much May I Borrow with a Car Title Loan in Merritt Island?
It’s helpful to know how much cash you can borrow with a title loan in Merritt Island. It gives you an idea of how long the loan will take(Repayment process) and how much you will have to pay each month.
The same things that determine whether you can get a title loan also determine how much money you can get from one. You can get a loan depending on the present value of your car and your ability to pay it back quickly.
You can call us or stop by our Merritt Island, FL branch to ask about the loan inquiry.
Use Your Car to Get Cash and Keep Driving It
A common misconception concerning title loans is that the lender would take possession of your vehicle until the debt is paid off. On the other hand, reality is the polar opposite of this. When you apply for 5 Star Car Title Loans in Merritt Island, your car’s title can be used as collateral and we will only put a lien on it.1
Once your loan application has been processed and accepted by 5 Star Car Title Loans, you will be able to take your car back with you along with the loan amount that has been granted and spend it any way you see fit.
After you have finished paying off all of your loan installments in Merritt Island, the title to your vehicle will be transferred back into your name.
Can I Apply for Car/ Auto Title Loans 100% Online Without In-person Inspection?
When you apply online for 5 Star Car Title Loans in Merritt Island, FL, you don’t have to schedule an in-person inspection of your vehicle. Your vehicle can instead be photographed and sent to us for review.
To get the most out of your shots, be sure to capture the interior and outside of your car from a broad perspective.
Without having to do an in-person inspection, we may use this information to determine your vehicle’s current condition online.
Can I Still Get a Title Loan in Merritt Island if I Have Bad Credit or No Credit?
Yes, you can!1
You shouldn’t let bad credit or no credit history stop you from applying for a title loan. At 5 Star Car Title Loans in Merritt Island, we use the credit score in addition to other factors to determine whether or not you are eligible for a title loan.
However, eligibility is not necessarily determined by your credit score alone.1 Even if you have poor or no credit, we may still consider your eligibility based on other considerations, such as your payment history, income proof, and so on.
What Can You Use Proceeds From Online Title Loans for in Merritt Island?
There is no predetermined guideline that specifies how the money from the title loan must be spent.1 Auto title loans are a viable financial option for people who find themselves in a bind and need cash quickly in Merritt Island.1
The following are some of the reasons that individuals have been seen to seek title loans in Merritt Island:
- Medical emergencies
- Performing home renovations
- Wedding & funerals
- Vacations & travels
- Making payments on one’s credit card bills
- Cosmetic or dental procedures
Is There a Prepayment Penalty on a Title Loan in Merritt Island?
Because we are all conscious of the burden that comes with carrying debt, we are all working hard to pay it off as quickly as we possibly can.
Therefore, there are absolutely NO prepayment penalties for Merritt Island customers who prefer to pay back their auto title loan prior to the due date.4
It is quite easy to repay a 5 Star Car Title Loans title since there are no prepayment penalties, which means that borrowers are free to pay off the complete loan whenever they choose without incurring any additional fees.
You can repay the loan using any one of the following methods:
- Payment must be made in cash at the closest branch.
- Send either a money order or cheque.
- Direct deposit
- Using a credit card or debit card
Why You Should Get An Auto Title Loan with 5 Star Car Title Loans in Merritt Island, FL
Feeling anxious as a result of unanticipated financial emergencies is normal. In such situations, the most important thing you can do is to carefully consider all of your available lending options; failing to do so will only serve to increase the level of stress you are already experiencing.
We at 5 Star Car Title Loans in Merritt Island, Florida, take the time to get to know our customers’ financial situations in order to better serve their needs when it comes to title loans.
Why Choose Us For Auto Title Loan
- Quick, easy, and without trouble
- No hidden charges
- Competitive rates
- Quick Dispersal
- Superior customer service
- Payments can be extended
- There’s no problem with bad credit
Frequently Asked Questions About Auto Title Loans in Merritt Island, FL
Can I Apply For a Title Loan Online?
Yes, you can apply for a 5 Star Car Title Loans loan online, over the phone, or in-person at a branch near you in Merritt Island.
Filling out a simple online application form for a title loan is all that is necessary. And you’ll find out if your vehicle is eligible for a title loan within 5 minutes.2
How Long Does it Take to Get Approved For a Title Loan Merritt Island, FL?
The timeframe of the final approval procedure is mostly determined by the lender’s process and the availability of legitimate papers.
If you’re looking for a quick and easy way to receive the money you need, 5 Star Car Title Loans is the place to apply on Merritt Island.
When Do I Need to Pay for my First Payment?
When you submit an application for a loan with 5 Star Car Title Loans in Merritt Island, the first payment on your loan is due 30 days after you get the money from the loan.1 You are required to maintain the cycle of one payment after every 30 days until the whole loan amount is paid.1
Will I Have to Turn My Car In Once I Receive my Loan?
No! When you apply for a title loan with 5 Star Car Title Loans in Merritt Island, we place a lien on your vehicle’s title.1 As a result, you can keep your car while you pay off the loan. Your car’s title will be returned to you as soon as your title loan is paid off.
Apply for a Car Title Loan in Merritt Island, Fl
Want to receive a short-term loan for an urgent situation? If you need money right now, apply for a title loan with us. 5 Star Car Title Loans in Merritt Island has a simple online application process that can get you the money you need in as little as 24 hours.2