Frequently Asked Questions

Q: Could you explain how title loans work?

The speedy and convenient process starts upon submission of an online loan app by the consumer. We will send a message to the borrower through text message or e-mail. A customer service representative will also call the borrower by phone to respond to any questions that he or she may have. The borrower will then be asked to go to the nearest location and he or she will have to bring certain documents so that the loan transaction can be completed. The title loan is secured by the market value of the automobile and the title is utilized as collateral. The lender returns the vehicle title to the borrower upon complete repayment of the loan.

Q: There was no reference about credit history in the loan application. Is it true that I could still get a loan if I have dreadful credit?

Correct. You can meet the requirements for a title loan no matter what your credit history is.

Q: What is the loan amount that you can give and how fast can I get it?

The loan amount is based on the wholesale market value of your vehicle. Because the loan is secured by the value of car of the borrower rather than his or her credit, we will provide you with an amount that is up to a maximum of $25,000. With regards to the length of time that you need to wait to get the cash, we want to make the process as convenient to you as possible. The processing of your loan starts right away the moment you have given to us your online application.Normally, you can get hold of the cash in one hour.

Q: What if I am late in my payments?

We suggest that a borrower first evaluate his or her finances to determine the amount that he or she is capable of paying before applying for a Miami Car Title Loan. Nevertheless, if it happens that the borrower has taken out an auto equity loan and later finds himself or herself unable to comply with the specified payment schedule, he or she should call the loan store director. The borrower can inform the manager about the situation so that they can establish a repayment plan. Repossession of the auto is possible if payments cannot be made. However, this will always be used as a last resort because it is a costly and lengthy process.