What to Know About Title Loans in Florida
A situation has arisen, and you need cash – fast. A bank loan is out of the question and interest rates are too much for payday loans. In that case, a title loan may be just the ticket to see you through your financial predicament. Because you’re a resident of the Sunshine State, here’s what to know about title loans in Florida. Explain Title Loan This is a short-term loan that’s usually due in 30 days or less, although it’s often possible to get an installment loan on which you’ll make payments for a year or so. The loan is secured by your vehicle, although you may keep possession of it while you’re making payments. The lender will simply hold onto your vehicle title until the loan is repaid. The vehicle must be in your name and the title must be lien-free. Because the ve...