FAQ:
Q:Who is Sunshine Title Loans?
A:With more than a decade of serving the South Florida Community Sunshine Title Loans has provided its clients with a means of obtaining fast cash in their time of need.
Q:What is an auto title loan?
A:An auto title loan is a loan which uses your vehicle’s title to secure a cash loan while you drive your car. Typically, these are a 30 day loan that you can continue with as long as you need it.
Q:What is a consumer finance loan?
A:A consumer finance loan is a loan which uses your vehicle’s title to secure it for a fixed amount of time. Normally it locks you in to a one or two-year contract.
Q:Can I keep my vehicle?
A:Autos, vans, pickup trucks, may be kept by the owner even while there is an outstanding loan. Boats, motorcycles, and long-haul trucks must remain in our private storage facility until the loan is paid off.
Q:How do I qualify?
A:
- A vehicle which is from 2002 or newer (If older, call for details)
- A vehicle with fewer than 120k miles (If more miles, call for details)
Q:What is required to apply for an auto title loan?
A:
- Clean Florida Title
- Current Registration
- Insurance
- Extra Keys
- Proof of Income: Pay Stub; Bank Statement
- Two CURRENT Utility Bills (WITH NAME OF THE TITLEHOLDER)
- Lease OR Mortgage Statement
- Social Security Card
- Driver’s License or State Issued ID
*** If you do not have any of the above requirements, call the office to see if you will still qualify!!!
Q:Are title loans expensive?
A:Title loans are very expensive and are meant to be short term loans. Ask a representative from Sunshine Title Loans to explain in detail the costs and fees associated. Review your expenses so we can determine together if the loan is affordable and what your best options are.
Q:How much can I borrow?
A:The amount you may borrow is determined by the wholesale value of your vehicle. Call for details.
Q:When & How do I get the funds from my loan?
A:A check is issued to you once the loan application process has been completed and approved. We normally then cash the check for you.
Q:What if I have poor credit or have filed bankruptcy?
A:No credit, poor credit nor bankruptcy affect the processing of your loan.
Q:How long does it take to get a loan approved?
A:Once all of the documentation is complete, the loan approval process takes approximately 15 minutes.
Q:What hours is the service available?
A:Online we are open 24/7, our office hours are:
M – F: 10:00 – 6:00
S: 11:00 – 4:00
Q:Do you perform a credit check?
A:Sunshine Title Loans does not use the credit agencies, but Sunshine Title Loans does use several national databases to verify information and reserves the right to perform background checks as needed.
Q:How does getting an auto title loan work?
A:Complete the credit application, and allow the professionals at Sunshine Title Loans to process the information. Once this has been completed, we will print out the contract for you to sign and issue you a check.
Q:Do I need additional collateral?
A:No, not at all, your vehicle is your collateral.
Q:What should I do if I can’t make a payment?
A:The professionals at Sunshine Title Loans understand that life happens. Call us so we can make arrangements with you and we will work through the tough times together.
Q:Can I pay off my loan early?
A:Yes. We encourage our clients to repay their loans as quickly as possible with no prepayment penalty.
Q:What happens if I default on a loan?
A:The professionals at Sunshine Title Loans will work with you as far as we are able to ensure this does not happen and you are able to repay the loan, however, should you be unable to meet your financial responsibility, repossession of the vehicle is the final option.
