Title Loans in Seffner, FL

Hard economic times have made fast-cash loan products some of the most popular in today’s lending market. When you can apply for a loan in the morning and have the money in your account by evening, then that is a handy solution when you are hard pressed for funds. Financial emergencies are some of the worst situations you can encounter and finding effective ways to deal with them is paramount. Taking out a title loan in Seffner is one way you can achieve that.

Whether it’s an overdue gas bill, an almost late payment on a second car, or rent, title loans give you suitable alternatives when you need money and not a lot of time to get it. Also called no-credit-check loans, title loans in Seffner don’t factor in your FICO score or delinquencies. You give your vehicle’s title in exchange for money. Car title loans come with short-term payment conditions, usually 30 days. The borrower is supposed to pay the principal plus the interest before the deadline. However, customers can negotiate longer payment periods, especially if the loan is a substantial one.

What Types of Products are Seffner Title Loans

A title loan is a type of secured loan meaning that the borrower has to offer collateral before getting the money. The lending company, in this instance, doesn’t take much of a risk because the money advanced is less than the value of the asset. It means that the condition of your vehicle will influence how much a lender in Seffner will give you.

The dissimilarity between a secured and unsecured loan is that the latter is based on the reputation of the borrower. With an unsecured loan, the lender takes all the risk, and because of that, customers must have stellar credit histories. Unlike other secured loans like title pawns, car title loans in Tampa don’t require the customer to leave the vehicle with the lending company, only the document.

Repossession Terms for Title Loans Seffner

One characteristic of a secured loan is that the lender has the right to repossess an asset if the customer fails to repay in time. Florida provides a few protections when it comes to repossession. For one, customers who have defaulted on loans get a grace period of 30 days before the repossession can take place. The lender also has to notify the customer formally of the date of the sale. Learning repossession laws and terms is just for your peace of mind. Most lending companies will pursue other solutions before taking your car. You can roll over auto title loans in Seffner and extend the payment deadline to avoid defaulting.

Other Title Loan Regulations

To apply for title loans in Seffner, the state requires you;

  • To be 18 years old or over
  • Have valid government identification
  • Hold a lien-free car title

Title lending businesses in Florida must have proper licensing so a customer should verify that before applying for a loan. The law also requires title loans in Seffner to be calculated with simple interest rates rather than compound.

Title Loan Application

Applying for title loans in Seffner is as easy as it comes because we don’t have a lot of documents to process. Our online application form is simple and ensures that you don’t have to leave your office or home to get started. We ask for the particulars of your vehicle that is the estimated mileage, year, style, make, and model. Personal data like your full name, email address, zip code, and phone number is also required. We then give a free quote of the money we can advance you by estimating the value of your car. We have customer representatives that will contact you when your application goes through.