MIAMI, May 23, 2016 /PRNewswire/ -- Florida Title Loans, a Miami-based alternative lending service, has announced today the launch of an online lending platform that matches borrowers to quality local vehicle title lenders throughout the state of Florida.
The technology behind the Florida Title Loans service is streamlined and seamless: Prospective borrowers simply need to enter their vehicle and contact information via a simple online form. They will then receive a free pre-approval estimate and be instantly paired to a reputable lender in their region.
Next, they will work closely with a loan expert who will walk them through the process step by step in helping them design a loan package tailored to their unique needs and ability to repay the loan.
"The idea behind our service is to assist credit-challenged individuals to obtain the funding they require," said Director of Public Relations Charles Bauer. "We do everything we can to assist these individuals," he added.
Vehicle title loans are a type of alternative collateral loan that is based on the current market value of the car. The loan is secured by the vehicle title. Borrowers will qualify simply by submitting a lien-free vehicle title. Borrowers can qualify for up to $50K or more depending on the make and condition of their vehicle.
No credit checks are performed. "We assist the underbanked and credit-challenged population," Bauer said. "We help individuals who cannot obtain financing from traditional lenders, who generally perform rigorous credit checks - a protracted process which can take days or even weeks."
The celerity of the Florida Title Loans process is one of its key features. Clients can often receive their funds on the same day they apply because there is minimal paperwork and straightforward requirements.
For more information or to apply, please visit Florida-titleloans.com.
Florida Title Loans is a Miami-based alternative lending service offering collateral loans for credit-challenged consumers.
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SOURCE Florida Title Loans