Title Loans in Fontainebleau, Florida
Got some sudden emergency that put you into a financial crisis? Need some extra funds for household purposes? It happens to the best of us.
Sometimes, all we need to turn things around is a helping hand, and that’s exactly what title loans in Fontainebleau are.
In this article, we will tell you everything you need to know about title loans, including how to successfully apply for one.
Continue reading to find out!
Five Facts About Car Title Loans
There seems to be a lot of wrong ideas about title loans in Fontainebleau. So, we wrote this section to help clear those misconceptions out!
Let’s dive right in!
#1 It Is a Type of Short-Term Loan
There are many types of short-term financing, and that includes car title loans.
Short-term loans or short-term financing means that a loan has a term of about a year or less than a year.
Aside from “Buy Now, Pay Later” loans, payday loans also fall under short-term loans.
Car title loans are also known as pink slip loans, auto title loans, and vehicle title loans.
#2 It Has a Simple Process
One of the things that we love about car title loans is their simplicity and straightforwardness.
Unlike other types of loans, you won’t go around in circles, carrying a lot of paperwork and seeking different people.
Title loans in Fontainebleau have a linear process, which is perfect for those who are looking for a quick source of cash.
What sets this approval process apart from other types of loans is its speed. There are even some instances wherein the application and the approval happened on the same day.
#3 You Can Keep Your Vehicle
One of the common wrong ideas about car title loans is this one. Some people think that you’ll have to surrender your car when you apply for title loans.
That is totally understandable, as loans are all about exchanging collateral for some cash.
We’re here to tell you that that is not the case. Instead of having to surrender your car to a title loan lender, your car is yours to use for the duration of the loan.
#4 Title Loans Are Flexible
Although they are considered professional, title loan lenders in Fontainebleau allow some space for negotiation.
This is one of the best things about title loans. Other types of loans will either have a strict requirement for repayment or not allow extensions.
However, lenders of title loans in Fontainebleau are different. They understand that everyone has a unique financial situation, and paying back huge amounts can become a further burden.
#5 You Can Apply for a Title Loan Right Now
Yes, you read that right!
Whether you are reading this article in the break of dawn or deep into the night, title loans in Fontainebleau are accepting applications.
That’s because you don’t have to wait for the next business day to submit your application. Your submission will be accepted 24/7.
From the comforts of your home, you can start your title loan application and get approved as soon as possible.
Note: Although you can submit your application anytime, please remember that our loan experts still work during office hours. Please understand the unpredictable delay.
How Can I Apply for a Title Loan?
The title loan process consists of five steps. This section will guide you through all the steps, providing you with some detailed advice.
Are you ready to get your Florida title loan? Let’s go!
1 – Apply Online
The first thing you need to do when you’re applying online is to prepare all your documents beforehand.
In this way, you won’t be scrambling through your documents while you are filling out the necessary information.
Once you finish compiling documents containing your information, just go to the website and look for the LOAN FORM of your chosen title loan.
You can finish applying in under five minutes, which is pretty cool, right?
If you need someone to assist you, our loan agents would be pleased to do so.
2 – Get a Loan Estimate
As part of our service to you, you can always request a free quote and our officers would be more than happy to oblige.
To do this, simply ask the loan agents to appraise your car for you. After that, they will ask for pictures of your vehicle.
Provide some pictures of the four sides of your vehicle. Make sure to take photos of both the interior and the exterior for the agents to carefully assess the value.
Some information that would help your agent to give you a free quote is the following:
- Year
- Make
- Model
- Mileage
- Accessories
To give you an idea of the equity value of your vehicle, the lower the mileage, the higher the value of your car.
Aside from that, some accessories also increase the loan amount. This can include having leather seats, a sunroof, and other improvements that increase the value of your vehicle.
Some do not accept cars that are made prior to 2000. Make sure to also ask your lender about the models of cars that they accept.
3 – Submit Required Documents for Verification
Before the final approval, title loan lenders will need to verify the information that you have submitted in Step 1.
These are the types of information/documentation that they will require of you:
- Personal Information
- Auto Information
- Financial Information
- Additional Information
Let’s discuss these in detail one-by-one!
Personal Information
An FL title loan falls under the definition of an individual loan, which is why the information of the car owner must also be verified.
Some documents that the lenders will ask from you are:
- Birth certificate. This will show that you are 18 years old and above, and are eligible to enter into any type of loan and obligation.
- Government-issued ID. This serves as a secondary identification to your birth certificate. Some of these include your passport, state-issued driver’s license, social security ID.
- Proof of residence. Only residents of Fontainebleau, FL are eligible to apply for a title loan there. This can be proved through recently paid utility bills, or an ID showing you are from Fontainebleau, FL.
Auto Information
Aside from the information that is necessary to get an estimate of the actual loan amount, the lenders also require other documents to seal the deal.
These are the following:
- Vehicle title. This is the main requirement of car title loans. Lenders will check if the title is lien-free, meaning there are no outstanding liens or judgments attached to it.
- Vehicle Identification Number (VIN). You can think of the VIN as the fingerprint of the auto. You can find it on the lower-left corner of the dashboard, in front of the steering wheel, or on the front of the engine block.
- Insurance papers. Remember when we told you that your auto is yours to drive around? The lenders need to be assured that whatever happens to your car, your insurance company will be the one to cover the cost.
Financial Information
When it comes to assessing the borrower, a lender will review some financial documents. This aids them in making their credit decisions.
To get cash loans from a bank, the easiest way to do this is to conduct a credit check. This is what happens in all of Florida and in other states too.
In Fontainebleau title loans, a credit check is not the end-all-be-all of having instant approval. Instead, they look at the client’s ability to repay the loan.
You can prove your sources of income showing any of of the following:
- Payslips, if you are employed
- Financial statements, if you are running a business or is an entrepreneur
- Bank statements, if you are a freelancer or are receiving some form of support from the government
If you have other sources of funds, you can include that too as your proof of income.
The goal here is to show the lenders that you can make the monthly payments until you pay off the actual loan amount and interest.
Remember, making payments must be consistent, which is why the lender needs to know about your sources of funds.
Additional Info
A Fontainebleau lender can also ask for some contact person from you. This serves as a point-person to ask about your credit history and credit decisions.
How well were you able to repay your previous commitments? Did you adhere to the payments? Are you fond of availing of loan services?
These are some of the questions that they can ask. All of these are meant to measure your paying habits as a borrower.
4 – Sign the Loan Contract
All loans have a kind of contract to be signed by the person borrowing and the person loaning their money.
In Fontainebleau, Florida, the approval of the loan and processing of funds comes after this signing.
We advise you to read through the terms and conditions of your FL title loan. Some of the following terms to look out for are:
- Where you’ll get the loan proceeds
- Terms of payments
- Hidden fees and other types of fees
- Interest rates
- Annual percentage rate
Remember, you can’t send someone to finalize the loan contract on your behalf. You have to be present in person for Step 4 of the approval process.
5 – Get Your Funds!
The last step is the fun part: it’s time to get your funds from title loans!
Some will give you the funds as cold cash, while some may also transfer it to your bank account or perform a direct deposit.
It all depends on what you agreed on in the loan agreement.
Now, all you have to do is to repay the loan proceeds on time and stick to the terms of payments. This will also improve your credit standing for future credit needs.
Frequently Asked Questions (FAQs)
Do you still have some questions you’d love to clear up? We’ve got you!
How Fast Will I Get the Funds?
In some cases in Fontainebleau, some title loans application can be approved extremely fast.
Some credit choices are done in less than a day when the proof of income is given, and when the vehicles are of high equity value.
As soon as the car title is verified, creditors in Fontainebleau, Florida will move through the steps and send the money to your bank account.
Will I Get My Vehicle Title Back?
Of course! As soon as you are able to return the money you owe to the creditors, companies of car title loans will return your title.
Are There Minimum Loan Amounts in a Title Loan?
This depends on the creditor in Fontainebleau, Florida.
How much money you will get from title loans in Florida depends on the valuation of your vehicle and the assessment of officers from Fontainebleau.
To be sure, seek some guidance online.
Don’t hesitate to ask about things such as the annual percentage rate, minimum loan amounts, and other information you need about title loans.
Apply for Car Title Loans in Fontainbleau Now!
What are you waiting for?
This might just be the solution you are waiting for to save that business, pursue professional endeavors, or for sudden household purposes.
All you have to do is to go online, access the website, and start your way to get that cash.
Good luck with your application!