Frequently Asked Questions

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How do Title Loans Work?

These loans are based on the value of your vehicle. The Loan works by the lender holding on to the car tittle in exchange to giving the borrower cash. You can keep driving your car, and will receive the tittle back when you complete the payment of the Loan.

What do I need to get a title loan?

The title of the car has to be in your name and with no Liens against it. A current ID such as a Driver’s License from the State. The car, for a mechanical inspection but then you keep driving it. A proof of address such as a bill with your name and address.  Proof of income, like a current pay stub or a copy from your bank statement with periodic deposits that will show that you are going to be able to pay the Loan back. If you have any questions please contact us at: (863) 677 0511.

How much money can I possibly get with my title loan?

The amount of money you can borrow is based on the value of your car, the minimum we can give is $500, from there we can go up.

Will I be able to keep driving my car?

Yes, you will keep the car the entire time. When you finish making your payments, you will receive your title back.

How important is my credit in qualifying for a title loan?

At American Money Lenders we do not run a credit check for you to qualify for a title loan, rather the loan is based on the value of your car. But we do report to the credit bureaus, and this will highly improve your credit.

Do you charge anything to see if I qualify for a loan?

No, we will not charge any fees to see if you qualify for a title loan.

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How quick does the process take? How quickly can you give me the cash?

The process takes 20 minutes. Depending on the amount of people waiting at the office; but as soon as you start the process, you will have access to your money in 20 minutes.

When is my first payment due?

Your first payment will be due 30 days after you get your loan.

How long is the loan for?

We provide our customers to choose from various repayment Monthly options. The average term of our loans is 12 months. Plus there are no charges if you decide to pay the loan off early. 

What forms of payment does American Money Lenders accept?

You can choose to pay at our location, there you can pay with Cash, Money Orders, Personal Checks, Credit and Debit cards. You can also pay on the phone with a Debit or Credit card, or you can send your payments in the mail.

Will bankruptcy or bad personal credit prevent me from getting a title loan?

Our loans are asset backed loans, based on the value of your vehicle. We do not check your credit and if you have filed for bankruptcy before we need your bankruptcy discharge forms.

Does my vehicle need a Florida certificate title?

Yes the vehicle needs to have a Florida title. Converting an out of State Title to Florida Title is an easy process.

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If I want to pay off the loan early, are there any payment charges?

No, there are no prepayment penalties. At any time you can pay your loan off, we will release your title back to you, and you will save the interest for the months you don’t use the loan.

How are the funds given to me?

We give you a check from a local bank. You will be able to cash your check right away and have access to your money.

What are American Money Lenders business Hours?

We are open: 

Money - Friday 9 AM to 7 PM 

Saturday - Sunday  9 AM to 1 PM. 

(863) 677- 0511

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