What is an Auto Title Loan?

What is an auto title loan? When the bills are stacking up or an unexpected event requires a large sum of money, people often feel helpless if they don’t have the necessary funds available. It’s important to know all of the options before you throw in the towel. Auto title loans are a possible solution when you’re in need of money fast. Before applying, you should know the facts about auto title loans.

An auto title loan uses your vehicle as collateral for the loaned money you receive. You are still allowed to drive your vehicle while paying back the loan, but your vehicle will be at risk of repossession if you are unable to make payments. The amount of money you are loaned will depend on the equity of your vehicle. If you’re in need of fast cash in Fort Lauderdale, Florida, Today’s Financial Services provides online vehicle title loans.

Auto title loans in Florida can get you up to $5000.00, so if you’re in need of a larger amount of money, you may seek a different type of loan.

The minimum amount you can borrow from Today’s Financial Services is $500, and typically there is a 12-month repayment period. It is required that you have a steady income to get approved for the loan.

In order to get an auto title loan, you will need the following: complete and secure online application, Florida motor vehicle title, valid driver’s license and vehicle registration, two current utility bills in your name with correct address, two current pay stubs or two current bank statements showing proof of income, and car insurance. Once all documents are received, a loan can be approved within minutes. Funds will then show up in your bank account on the following business day, or same-day loans can also be arranged.

Today’s Financial Services provides short-term Florida auto title loans as a licensed lender under Florida’s Consumer Finance Statute 516. By law, when you agree to an auto title loan, you will receive a written agreement outlining the terms for the amount you borrowed and the interest rate.

Today’s Financial Services provides low-interest rates for auto title loans when you’re in need of cash fast. Don’t let the bills pile up when you have options available in Fort Lauderdale. Contact us at 888-573-0132 if you have questions about the loan process or wish to receive a quote. You can also visit our Google+ page to learn more about Today’s Financial Services or to write a review about your experience with our company.