Frequently Asked Questions

Boca Raton Auto EquityLoans

Can you go over the auto equity loan process?

   The fast and convenient process starts upon submission of an online loan application by the customer. We will then send the borrower a pre-approval text either through text message or email. Simultaneously, a customer service rep will call the borrower to find out if there are any questions and then solve them if there are any. The borrower will then be asked to come to the closest Boca Raton title loan office location and he or she will have to bring certain documents so that the loan transaction can be completed. It should be noted that the market value of the auto is the security for the loan and the auto title is used as collateral. The lender returns the car title to the borrower upon complete repayment of the loan.

There was no discussion about credit history in the application. Is it true that I could still get a loan if I have poor credit?

   Yes. You can meet the requirements for an auto equity loan no matter what your credit history is.

What is the loan value that you can give and how soon can I get it?

   The loan amount is based on the wholesale market value of your automobile. Because the auto equity loan is secured by the value of automobile of the borrower rather than his or her credit, we will provide you with an amount that is a up to a maximum of $25,000. As for how long it would take for you to receive the money, we are pleased to tell you that we have made everything as convenient as possible for you. The processing of your loan starts right away the moment you have given to us your online application. Usually, you can receive the cash in an hour.

What happens if my payments are late?

   It is our advice that the borrower first examine his or her financial capability to find out the amount that he or she can easily pay before submitting a car title loan loan application in any of our Boca Raton, Florida locations. 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 explain what has happened to the manager so that they can work out a repayment schedule. Repossession of the car 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.