Title Loans In Tallahassee – How They Work

Car title loans are now available in Tallahassee and other areas in Leon County, FL. These types of secured loans allow qualified borrowers to access the equity in the vehicle.  Loan amounts vary, but the money borrowed is often distributed into your checking account for immediate cash.

A typical title loan will take about 12 to 32 months to pay back, but the exact time will differ as with any loan. The interest rates are usually higher than a traditional loan, so they should be paid off quickly. However, the interest is still very affordable for those with less than perfect credit.


What Do I Need To Qualify For A Car Title Loan In Tallahassee, FL

Anyone interested in getting a title loan in Tallahassee should first research whether these loans are right for them. Once you’re ready to get started, you need proof of vehicle ownership and verification of income. A lien free car title and employment records are all you need to qualify, and most companies can get you approved for a title loan of $1,500 or more with just those documents.

Some companies in Florida will also want to verify your identity with a driver’s license, see proof of vehicle insurance, and confirm your vehicle registration. While an inspection isn’t always required for a collateral loan on a car, it can help speed up the underwriting process and get you a higher loan amount. Title loans with no store visits or inspections come with loan amounts under $3,000. For those who authorize an inspection, you can borrow upwards of $20,000 in Tallahassee.


Apply For A Car Title Loan Online Or With A Lender In Tallahassee

Most secured loans can be applied for and taken out online or over the phone with minimal paperwork. We work with title loan companies throughout the country, and many of these lenders allow you to send in pictures or video proof of the vehicle. Do you prefer to meet with a lender in your neighborhood? Tallahassee has multiple lending locations, and you can often see the best title loan service providers near you if you live near Florida State University or Betton Hills. Apply with Highway Title Loans to get multiple repayment estimates and loan offers from local companies in the Northern Panhandle!


Florida State University in Tallahassee

What To Expect From A Tallahassee Title Lending Company

Most auto title loans provided to residents of Tallahassee are given to borrowers with bad credit, and the goal is always to make early payments. An early payoff allows you to get out from under high interest rates and excessive fees many people see when locked into a title loan for years. The ideal loan terms will enable you to borrow cash for urgent expenses but get you out of debt quickly with no adverse effects on your credit score.


Fees And Interest Rates With Tallahassee Title Loans

Even though you may live in Tallahassee or the surrounding area, any qualified borrower will still be subject to fees and regulations that apply to all title loan companies in Florida. You must review the Florida Title Loan ACT, as these state laws are updated yearly. Also, check the Financial and Business Regulations for the City of Tallahassee to see any specific city restrictions on how much you can borrow and any repayment restrictions. Interest rates will vary for each loan, but you can expect an APR of well over 50% and the typical late fees if you miss a monthly payment.

Are you looking to reduce the APR on your current title loan? Highway Title loans can now connect you with local lenders in Tallahassee that offer interest rate reductions with a same day refinance. Anyone with an existing title loan can apply for a refinance to lower the interest rate and get a quicker payoff time.


Apply With Highway Title Loans

Highway Title Loans offers access to instant approval title loans in Tallahassee, and anyone with a newer vehicle can qualify. You won’t need an excellent credit score to qualify and borrow 60% or more of your car’s equity. Complete our online application in less than 10 minutes, or call us at 877-433-5454 to see how much your vehicle is worth. After you apply, we’ll start underwriting the loan details, schedule a brief inspection, and get you on your way to getting a Florida title loan!


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