Frequently Asked Questions

Clearwater Auto Equity Loans

Please explain the process for title loans.

   The convenient and quick process begins immediately after the borrower has submitted an online loan application. We will send a pre-approval message to the borrower through text message or e-mail. At the same time, a customer service agent will call the borrower to see if if there are any questions and then solve them if there are any. The borrower will then be asked to come to the closest Clearwater car title loan branch office 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 automobile is the security for the loan and the vehicle title is used as collateral. The lender returns the automobile title to the borrower upon complete repayment of the loan.

There was no reference about credit history in the online app. Is it true that I could still get a loan if I have terrible credit?

   Correct. Your credit history will have no bearing on your qualification for an auto equity loan.

What is the amount of cash that you can offer me and how long does it take you to award it to me?

   The loan amount is based on the wholesale market value of your car. Because the auto equity loan is secured by the value of auto 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. With regards to the length of time that you need to wait to get the funds, we want to make the process as convenient to you as possible. The processing of your loan starts instantly the moment you have given to us your online application. Usually, you can receive the cash in an hour.

What if I am late in my payments?

   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 an auto equity loan app in any of our Clearwater, Florida branch offices. 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 inform the manager about the situation so that they can establish a repayment plan. Repossession of the automobile 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.