Applying for a title loan is actually a refreshingly easy process. The application process will ask for a few personal details, including all of the following:
the application will present the loan representative with the vehicle’s make, model, year, and current mileage. These details should not be best guesses or estimates. Instead, use information from the title itself to fill in the make, model, and year. A quick glimpse at the vehicle’s odometer will clarify the car’s current mileage.
Florida financial regulations require that a written agreement be established between the lender and the borrower, stating clearly all terms of the loan. As such, the agreement should contain the loan amount, the number of payments to be made to the lender, and the amount of each requirement payment.