? Understanding Title Loans in Florida
Title loans in Florida can be a convenient loan option if you need emergency cash! From unpaid bills to home repairs, you can use your title loan proceeds to handle a variety of personal expenses. A title loan, otherwise known as an auto equity loan or a car title loan, is a type of secured loan that helps an eligible borrower access a portion of their vehicle’s value. By pledging your car or truck’s title as collateral for the loan, you can unlock fast funding to handle a tough financial situation.1
Even if you have bad credit, you can still apply for fast financial help to get back on track! Secured loans are much more flexible than unsecured loans, and you do not need a perfect credit score to apply for a ChoiceCash title loan. Don’t let your finances weigh you down. If you need money now, apply for ChoiceCash car title loans in Florida today by completing a prequalification form online, or by dialing 855-422-7402! If you are eligible for a ChoiceCash title loan serviced by LoanMart, you can take advantage of competitive interest rates and a streamlined application process.1
Does Florida Still Do Title Loans?
Yes, you can apply for title loans from Jacksonville, Orlando, Miami, Tampa, or anywhere else in the Sunshine State! Before you begin your journey to an auto title loan, it is important to understand the title loan regulations in Florida. The Florida Title Loan Act is in place to ensure that title lenders who are licensed in Florida will operate transparently and fairly.
As an educated consumer, it is important to do your due diligence and read your loan terms and conditions carefully prior to signing your loan agreement. During the final steps of your application, you have the right to receive written disclosures about your loan terms, including your interest rate, the principal amount, and any applicable finance charges.
Qualifying for a Car Title Loan in Florida
While applying for auto title loans in Florida is not complicated and the application process is designed to be simple and straightforward, there are a few requirements you must meet before you can obtain loan approval:1
- Be of Legal Age to Apply for a Florida Title Loan
- Have a Title to a Qualifying Vehicle in Your Name
- Demonstrate Your Ability to Repay the Loan
Qualifying for a vehicle-secured loan involves providing documentation to verify your information. The documents you will need are typically items you may already have lying around your home! Although the required paperwork may change from state to state, as a Florida resident you will need to have the following items on hand during your title loan application:1
- Proof of Income: In order to demonstrate your ability to repay a Florida car title loan, you can provide recent bank statements, disability award letters, pay stubs, or another document to verify your income. If you have any questions about the types of documentation that are accepted during a title loan application, feel free to visit our FAQ page or dial ChoiceCash’s toll-free number to speak with a loan agent directly.1
- Proof of Address: Submit recent utility bills, credit card statements, or a signed lease agreement to verify your current address in Florida.
- Recent Pictures of Your Vehicle: To qualify for a title loan, you will need to complete a vehicle inspection during your loan request. Since this examination can be completed virtually when applying for a ChoiceCash title loan serviced by LoanMart, all you will need to do is upload pictures of the interior and exterior of your car.
- Florida Car Title: At the time of your application, your vehicle’s title must be in your name and in your possession. If you have misplaced your title, make it a priority to visit your local Florida Department of Highway Safety and Motor Vehicles office to request a duplicate title.
- Proof of Identity: You will be asked to upload a valid, government-issued photo ID during your application, such as your Florida driver’s license or U.S. passport.
When applying for a ChoiceCash title loan serviced by LoanMart, your vehicle photos and paperwork can be conveniently uploaded to the customer portal online or sent to a loan officer via email or text message! You have the freedom to choose the most convenient option that suits your preferences.1
How Much Can You Get for a Car Title Loan in Florida?
The average loan amount for a ChoiceCash title loan serviced by LoanMart in Florida is $4,142, but the amount you can personally receive through a vehicle-secured loan could be greater than this average or less than it. These two factors will matter the most in terms of determining your loan amount and your eligibility for a Florida title loan:1
- Your Income
- Your Vehicle’s Value
Your loan amount will be primarily based on those factors and you can access up to $15,000 through a ChoiceCash title loan in Florida! Once you receive your loan proceeds, you have the freedom to keep driving your car during the repayment process and spend your money as you see fit.1
Ready to apply for emergency funding? Use ChoiceCash’s online title loan calculator to get a vehicle equity estimate and an instant loan quote with zero obligation today.1
Can You Get a Title Loan with an Electronic Title in Florida?
Florida is an electronic title state, meaning that an electronic title record is stored in the Florida Highway Safety and Motor Vehicles (FLHSMV) database until a paper title is issued or requested.
When applying for a ChoiceCash title loan in Florida, you are not required to convert your title from electronic to paper, but you typically must provide other documentation in order to complete your application. As a resident of Florida applying for a vehicle-secured loan, the following documents will usually be requested in addition to the paperwork mentioned above:1
- Florida Power of Attorney Form: (“Power of Attorney for a Motor Vehicle, Mobile Home, or Vessel”)
- Title Application (“Application for Notice of Lien / Reassignment of Lien or Notice to First Lienholder”)
Repayment and Interest Rates for Florida Title Loans
The repayment terms and interest rates for vehicle title loans in Florida can vary from lender to lender, so it is important to shop around and find a lender who can offer the most advantageous terms possible. Finding a title loan company in Florida that can offer convenient loan terms is important, as your interest rate and the amount of time you have to repay the loan will significantly impact your repayment experience. Make sure to look at websites like Trustpilot and the Better Business Bureau, as you will be able to search through customer reviews and find the most suitable option that matches your needs and preferences.
If you are eligible for a ChoiceCash title loan serviced by LoanMart, you can access competitive interest rates and you will have flexible repayment terms to pay back your loan!1
How to Apply for a Vehicle Title Loan in Florida
When applying for a ChoiceCash title loan in Florida, you can follow just three simple steps to find out if you are eligible for the fast financial help you need:1
- Submit a Pre-approval Form Online or Call 855-422-7402 to Apply Over the Phone
- Prequalified Borrowers Will Be Asked to Submit Paperwork to Verify Their Information
- Upon Full Loan Approval, Access Fast Money in as Little as One Business Day!1
Don’t wait to apply for fast funding through title loans in Florida! Call ChoiceCash’s toll-free number or apply online to find out if you are eligible for instant pre-approval.1
For the sake of convenience for Florida customers, below is a map and list of just a few locations in the area, with many more statewide locations found here.
Frequently Asked Questions
Where Can I Get Title Loans in Florida?
You can access title loans in Florida online! The application process can be convenient and simple if you meet the initial requirements. Just fill out the pre-approval form online or call 855-422-7402 to speak with a ChoiceCash title loan agent.1
What Documents Do You Need to Apply for a Title Loan in Florida?
To apply for a car title loan in Florida, you will need a valid, government-issued photo ID, proof of residency, a car title in your name, proof of income, and recent pictures of your vehicle. This paperwork can be uploaded online or sent via text message to a title loan agent.
Do You Need to Have Perfect Credit to Qualify for a Car Title Loan in Florida?
You do not need perfect credit to qualify for a car title loan in Florida. Although title lenders will still consider your credit history, it is not the focus of the application process. Instead, your car’s equity and your income are primarily used to determine your eligibility.1
How Fast Can I Receive My Money from a Title Loan in Florida?
Qualified borrowers could receive their money in as little as one business day if they qualify for a ChoiceCash title loan in Florida! The application process can be simple, and there is no store visit required to apply.1
What are the Steps to Apply for a Title Loan in Florida?
Applying for a title loan in Florida can be quick and convenient. Take a look at the three-step process:
- Fill out a short inquiry form online or call 855-422-7402 to get started
- Submit the necessary documents via email or text message
- Find out if you qualify for a ChoiceCash title loan in Florida!1
Florida - Key Financial and Indebtedness Figures
The below table provides some of the key income, loan, and financial statistics for Florida, which are intended to give you a better understanding of how your financial circumstances compare to other Florida residents. With this information in hand, we hope you gain a better idea of your financial options so you can decide if completing a title loan application is the right decision for you:
| Average credit score (VantageScore®) | 689 |
| Average FICO® score | 707 |
| Average student loan debt | $38,459 |
| Average credit card debt | $6,460 |
| Average monthly car loan payment | $549 (Lease) $553 (Loan) |
| Share of households that rent | 33.8% |
| Average rent | $1,218 |
| Median gross rent | $1,301 |
| Median value of owner-occupied housing units | $248,700 |
| Median monthly owner costs - with a mortgage | $1,618 |
| Median monthly owner costs | $540 |
| Number of bank branches | 4,190 |
| Median household income | $61,777 |
| Per capita income | $35,216 |
| Average ChoiceCash title loan amount | $4,142 |
What Locations in Florida Can I Get a ChoiceCash Title Loan in?
ChoiceCash is proud to service residents all over Florida including metro areas . Call 855-422-7402 to discuss your options with a loan expert. If you are looking to pay back your title loan in person, check out the city list below to see where your MoneyGram locations near Title Loans Florida:
