Getting through a month, from paycheck to paycheck sometimes works and sometimes not! It’s not possible to predict the financial emergencies that might arise, the unexpected bills or the loss of wages that could occur. If this has ever happened to you, then you can understand the stressful situation of needing a quick loan. For anyone with a great credit score, it might not be any problem to get a traditional loan right when you need it! No matter what your credit score is, you can avoid all the hassles and complications of old fashioned loans by requesting online car title loans in Florida.
If you’re new to online loans, you’ll find out how simple and fast they can be, without a lot of red tape or stacks of papers to sign. If you are approved and sign a final contract, there’s even the possibility of getting the cash you need within 24 hours!2 That’s why consumers love online loans from 5 Star Car Title Loans in Florida. They are quick, hassle-free and the money can be used for anything you need.
The main details you should know about auto title loans in Florida is that they are secured loans. By using an asset of value that you own as loan security, you can get fast service and easier credit criteria. If your credit is good or not so good, you are still welcome to send us your online inquiry form. With auto title loans, you use your car title as collateral for fast cash. Your car stays with you and you can use it as much as you want. Your title will be released to you when the terms of the contract have been fulfilled.
If this sounds good to you, read on to learn more about the benefits of car title loans in Florida!
What Exactly Are Online Auto Title Loans in Florida?
You might be familiar with the old types of traditional loans, where you went into your local bank, filled in a bunch of forms and waited for your loan answer. Online title loans are NOT that! When you’re ready to get a fast cash loan, all you need to do is go online to the 5 Star Car Title Loans website, fill in a short inquiry form and get a quick reply. With online loans, there’s no need to wait for business hours or to check which day it is first. Any day is a good day to request your online title loan!
Unlike regular personal loans, these online loans are secured by your car’s title. Secured loans are faster and easier to get, even for poor credit types. With your title as security, the lending decision can be quick. After receiving a lending decision, you can sign a loan agreement, submit your title as collateral and get your cash! Don’t worry, you’ll get the title back when the money has been repaid.
Make your monthly payments when they are due, finish the contract and the loan terms are complete!
What Is the Process for Getting Secured Loans in Florida?
There are a few simple steps from beginning to end, when you have your money. The first step is up to you, and after that, we’ll guide you through each stage until the end. When the money is ready, we’ll share the options for collecting it, so you can choose the most convenient method for you.
Before getting started on your loan request, gather the following documents. When you have this information at your fingertips, you can submit an online inquiry form in fewer than 10 minutes. Here’s what you’ll need:
Driver’s license or other government form of photo ID. A passport or a Florida ID is also good.
A total list of all your income, including some type of proof. This can be bank statements, salary stubs or other official documents.
Your email address and your current place of residence in Florida.
Some simple details regarding the car that you own.
For now, that is enough information to confirm your identity and get started on your request. Now, you can begin the first step:
Go to the website of 5 Star Car Title Loans in Florida to fill in the online inquiry form. When finished, submit it to us and we’ll get started.
We’ll run a quick credit review, evaluate your auto and send you a fast lending decision. If your inquiry is accepted, we’ll be glad to present you with a loan offer to review.
Take the time necessary to read through the loan agreement and decide if you want to sign it. When you send us the signed loan offer, we’ll prepare your cash. The only thing left is to submit your car title to our office and collect your money!
We’re ready to review your inquiry form anytime, so why not send it to us now?
What Is Needed to Be Approved for Secured Vehicle Title Loans?
There are a few factors that go into the final lending decision. But everything is speedy, so you won’t have to wait very long to get your answer. Instead of sitting around wondering if you’re going to get your cash and how much you’ll get, we’ll let you know quickly. Once you get it, it’s yours to spend however you please! Car title loans in Florida are the easy way to get money you need for any purpose!
Here are the deciding loan factors:
Does your car have a high enough value? We will check your vehicle’s value and how much equity you have in it. To do so, we’ll need some additional details on your car. After checking its value, we’ll go on to find out if you have paid it off or if there are still payments due on it and then calculate the equity. This will be one of the factors that determine how much money you will be able to get. Along with recent photos of your vehicle, we’ll also ask for:
The car’s make and model.
Which style is your car, and when it was produced.
How many miles are on the odometer.
The condition of the exterior and interior.
If the car has been well-kept.
Will you be able to manage the monthly payments? Send us a list of all your monthly income so we can check your ability to pay. Include proof of income – it should show up in your bank statements. Other proof can include any government subsidies you receive, any sort of child care supplements and salary slips. This will help us understand how much you will be able to pay each month.
Do you meet our credit criteria for online personal loans in Florida? With online loans, the credit criteria can be more flexible than with that of traditional lenders. Besides that, secured loans are easier to get approval for, because your title is being held as collateral. Don’t worry though! Finish making all the payments and the title will be given back to you!
When you send us your online request for title loans, we can begin evaluating the personal details you include and get back with your shortly, regarding your approval. Let’s begin now!
How Quickly Can I Get a Lending Decision in Florida?
You can trust us at 5 Star Car Title Loans in Florida to work quickly on your behalf. We have staff ready to begin processing your inquiry when you send it out to us, so let’s get started soon! If you have your information and documents ready to send, you won’t have to wait very long to get our approval decision.
After your loan has been approved, just think! In as little as one business day you could already have the cash you need!
To Request a Car Title Loan in Florida, Do I Need a Bank Account?
While it is easier to manage the deposits into your account and the monthly payments if you have a bank account, it is possible to be approved for a car title loan in Florida without one at all. You can arrange to pick up your funds in several ways and after that, when your first payment is due, you can choose from the following options:
Pay through your online account, using the MyAccount tab at the top.
Mail in your monthly payments to the 5 Star Car Title Loans payment center.
Pay be calling us on the phone, using your credit card or by check – an agent will help you.
Come into one of our convenient locations in Florida to hand us the payment in person.
If you don’t have a bank account, you can easily choose one of the above options to make your payments each month.
What Happens if the Title is Not in My Name?
A car title loan in Florida is a quick and easy way to get extra cash, but the title must be accurate. It needs to have your name as the owner and it can only be registered in Florida. If you don’t have a title or if the title isn’t in your name, those are both points that need to be taken care of before your loan request can be considered. The title is collateral for your secured loan, so it is an important part of the loan process.
Whether you have misplaced it, the name is wrong or the registration isn’t even in Florida, those are issues that should be able to be corrected. You can call our offices for information on getting it corrected, or you can choose one of these steps:
Go to the Florida Highway Safety and Motor Vehicles Department (HSMV): this is where you can request a change to your title or to replace one that has been lost.
Complete the appropriate forms: If you know which forms you will need to fill out, you can go to the HSMV website and complete them ahead of time. Just take the completed forms with you when you go. You can also fill them out on the spot and get any necessary help.
Take the appropriate documentation: To save time and money, find out which documents you’ll need before you arrive at the HSMV. You can call them to ask or check online. You will surely need your vehicle registration as well as your driver’s license and any other form of identification that you might have. If the title is not in your name, take proof that you are the owner!
Be prepared with cash or some form of payment for services rendered. There may be fees involved if you are requesting a duplicate.
When your title is ready, you can submit it to our office after approval of your title loan. Whatever urgents needs you have today, let a fast, secured loan help!
What if I Need My Car – Can I Drive It?
Sure! We will not take your car after title loan approval. What you’ll need to do is give us a legal and valid car title. Instead of keeping your car in our office, we’ll keep your title! While you are paying off the loan, you can keep your car and drive it anytime you want to. Drive it to work, take the kids to school, go visit your mom and dad or whatever you want to! Make the payments on time each month, get to the end of the title loan contract and there’s nothing left to do but to pick up your title! You will get it back clean and clear.
What Can I Use Title Loans For?
There are no restrictions as to what you can spend your money on. Surely, if you’re looking for a fast loan, you must have some urgent expenses or bills to pay. You are the boss of your bills, so spend your cash however it helps you the most!