Money issues are some of the most frustrating and stressful problems you can experience. And there are plenty of potential problems that could cost you when you’re in the Fort Lauderdale area. You could experience a sudden loss of income, a home repair or just credit card bills piling up. It’s easy to spend outside your means, especially with Miami and South Beach not far away for expensive weekend getaways.
With title loans Fort Lauderdale, you can get the money you need quickly and conveniently through the value of your car. Once the lender issues your loan, the way you spend it is completely in your hands. You could put it towards past-due bills, or take the family for a day at Splash Adventure Water Park. Whatever you need money for, a title loan can cover it.
When you need a title loan in Miami or the surrounding area, you probably don’t want to spend too much unnecessary time looking for lenders. The good news is that Title Loans Online is happy to handle that for you. You may have already noticed our online title loan application, but it’s easy to get to by clicking on Apply. You can start off the application by entering this information about the car you’ll use as collateral on your loan:
• Approximate Mileage
After that, we just need to get the following contact info:
• Your full name
• Your cell phone number
• Your email address
• Your ZIP code
That information helps us calculate an estimate for your title loan, assuming that your car is in good condition, and find a title loan company near you. We’ll tell one of our friendly representatives to contact you at their earliest convenience to connect you with a lender in your area.
When it comes to federal regulations, the only one that affects title loans is an age minimum of 18. Other than that, states set their own rules, which means the regulations in Florida cover title loans Fort Lauderdale.
The state restricts title loan amounts to $500 at most, and the maximum interest rate on one of these loans is 30 percent.
If you don’t make a title loan payment, that is a default, which gives the lender the right to come repossess your car and sell it.
Obviously, no one wants to lose their car, but it’s very easy to avoid that thanks to the flexibly repayment terms on title loans Fort Lauderdale. When it comes to title loan terms, Florida allows anything between seven and 31 days. Most lenders go with 30 or 31 days, which are standard lengths both in Florida and the rest of the country, save a select few states with laws that require other term lengths.
But let’s say that you don’t have enough to pay off your title loan on the due date. You can just pay a lower amount – the interest on the title loan. Then, you start a new term with that unpaid loan principal, along with an extra interest charge. Although this costs you a little extra, it’s a convenient option when you don’t have the money to make your full payment. Instead, you can make that smaller payment, make sure your car doesn’t get repossessed, and then come up with a plan for paying off the loan in full by the end of the new term.