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State law in Florida puts a cap on the interest rate for title loans. Under the Florida Title Loan Act, the maximum interest rate for title loans is 30 percent APR on the first $2,000 of the loan, 24 percent APR on the amounts between $2,000 and $3,000, and 18 percent APR on amounts exceeding $3,000.
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This gives the buyer and the seller a stronger commitment that the loan will be approved as long as the home has a clean title and appraises for the proposed sale price or more. The buyer must also pr.
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A car title loan is a type of secured loan where borrowers can use their vehicle title as collateral. Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title…
A car title loan is a loan designed to get you cash fast using your vehicle as collateral. This kind of loan is available to people who own cars, SUVs, vans, trucks, or other similar vehicles. The loan is essentially based on the equity in your vehicle.