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Title Loans in Sunrise, Florida

With how expensive car repairs, home appliance replacements, medical bills, and other unexpected financial emergencies can be, there’s always the chance that you have bills you can’t cover with your emergency fund. You definitely don’t want to ignore the issue, though, because you can end up accruing late fees and harming your credit score. An option that consumers from all walks of life have chosen to get money quickly is title loans Sunrise. With a vehicle title loan in Sunrise, you can use the value of your car to obtain a same-day loan.

Consumers love the convenient application process of title loans, and here at Tannenbay Financial Title Loans, we wanted to make that application process even faster and simpler. To do so, we set up a quick online application for car title loans in Sunrise. You’ll find that application here on our site, and it takes only seconds to complete. Just go over to the application form and enter the following information about the car you want to use as collateral on your loan:

  • Year
  • Make
  • Model
  • Approximate Mileage
  • Full name
  • Phone number
  • Email address

As soon as you submit the form to us, we can calculate a free car title loan estimate based on your car’s current market value and get you preapproved for a title loan. To provide further assistance, we’ll also have one of our friendly Tannenbay Financial Title Loans representatives contact you as soon as they can and answer any of your title loans Sunrise questions.
As far as what you need to bring with you to obtain a title loan, you won’t need all kinds of financial history documents like you would with a personal loan through a bank. You just need to bring your car, its title, and your government-issued ID. We need to inspect your car to verify its value, and we’ll hang on to your car title during the loan’s repayment period. After you pay back the loan, we return your car title. We also need to check your date of birth on your ID, as the federal government requires all title loan borrowers to be at least 18 years old.

About Us

One of the biggest pet peeves among consumers looking for auto title loans in Sunrise is when a search pulls up listings for title loan companies that aren’t even in the city. It’s an inconvenience to drive half an hour or more to get a title loan, and that may not be an option if time is of the essence. With Tannenbay Financial Title Loans, you don’t need to worry about that, as our office is right here in Sunrise. It’s a quick, easy drive whether you decide to take the freeway or surface streets, and you’ll have plenty of convenient parking options available.
A Tannenbay Financial Title Loans representative can assist you when you get here and provide the loan paperwork to you. Don’t forget to tell them if you received a preapproval already by filling out that online application. When you finish the forms, we will use a vehicle value guide to look up your car, and then perform a brief inspection to figure out its current market value. Once we know that, we can issue your title loan as soon as we get your car title. As long as we’re not too busy when you come in, you should be in and out in under an hour.

How It Works

While the federal government has a limited number of regulations in place for title loans, most regulation occurs at the state level. Florida’s title loan laws govern title loans Sunrise, and fortunately, those laws are very friendly towards borrowers.
When you apply for a title loan, you’re using your car as collateral to obtain the loan. This makes it a secured loan, and since your car’s value is the determining factor in both your approval for the loan and the amount you’re approved to borrow, it doesn’t matter what kind of credit score you have.

One of the best things about borrowing a title loan in Florida is the interest rate limits. Unlike many other states, Florida caps the amount of interest that can be charged on title loans. Loans that are $2,000 or less can have an annual percentage yield (APR) of 30 percent. When the loan is between $2,000 and $3,000, the max APR drops to 24 percent, and when it’s over $3,000, the max APR drops to 18 percent. These interest rates are among the lowest in the nation.

A standard title loan repayment period is 30 days. Let’s say that you’re not able to pay back your title loan on its due date. You can roll over the loan, which is the term for extending it into a new term. To do so, you must pay at least the interest charges on it. You then take the unpaid loan principal into a new repayment period. While there is another interest charge for the new repayment period, you buy yourself some extra time.

A title loan default occurs if you fail to make a payment, but the lender needs to wait 30 days before repossessing your car. Before repossession, they also need to give you notice about it. The lender also can’t sell your car right away, as they first need to give you written notice of the sale at least 10 days in advance of when it occurs. This notice must include the amount you owe and details on the sale. You can pay the amount you owe to get your car back or buy it back at the sale. If the lender sells your car and the sale amount is greater than what you owed, they must send you that surplus amount within 30 days.