Getting a title loan with Lake Title is quick and easy! In order for us to approve your title loan request, you will need to bring in your title, or registration if you have an electronic title, proof of residency, proof of income, a valid photo ID and drive your vehicle here. If you need assistance printing your proof of residency or proof of income, you are able to email the documents over to us before your appointment or while you are in the office and one of our representatives will be happy to print them off for you. You will have a representative working alongside you through your application process to ensure you are able to get the copies of the required documentation to get your title loan request approved!
Title or Registration:
In order for us to be able to approve your title loan request, the most important document you need is the title to your vehicle. If your title is held through the state electronically, you don’t need to make a trip to the DMV to obtain a physical title; just simply bring a copy of your registration with you. If you are unsure if your title is electronic or paper, a representative will be happy to check for you!
Proof of Residency:
Since we do not require a credit check for approval with Lake Title, we do require that you have valid proof of residency in order to complete your title loan request. We accept a utility bill such as power, water, gas, phone, cable or internet bill or a bank statement dated within the last 30 days, or a lease agreement. We just require it is the most recent bill, statement or lease you have received for you residence.
Proof of Income:
While we do offer title loan programs that do not require proof of income, bringing in proof of income will help to increase the amount that Lake Title will be able to get you approved for. This is why we recommend you bring proof of income with you to your appointment. We accept your most recent paystub or bank statement if you receive direct deposit. In some situations, we do also accept an official letter from your employer with the company letterhead provided if you are unable to produce a paystub or bank statement to verify your proof of income.
*Tip: you are able to use your bank statement as proof of residency AND income if you have direct deposit!
Photo ID:
You are required to bring your State or Government issued photo ID in order to verify your identity when completing your title loan request. It must be valid, not expired. Since most of our applicants have a state issued driver’s license or identification card, this step is simple and quick!
Your Vehicle:
In order to qualify for the title loan, you will need to drive your vehicle to the office in order for us to approve your request. During the approval process, a Lake Title representative will complete a quick, 5 minute inspection of the vehicle to gather the information needed for your specific vehicle in order to pull the current value of your vehicle to help us determine what amount you qualify for. The evaluation is a quick and easy process!
If you are unsure or have any additional questions about the documentation you will need or the title loan approval process with Lake Title, please reach out to one of the friendly representatives in the office at (352) 692-2274 and we will be happy to assist you!
We are proud to say that we have serviced Northeastern Florida and Southeastern Georgia as the leading title loan provider for over 15 years! In order to complete your title loan with Lake Title, you will need to visit our office located in Lake Park, Georgia.
If you are familiar with the Lake Park/Valdosta, Georgia area, our office is conveniently located across from the Circle K in Lake Park, between Paradise Spa and Domino’s.
If you are traveling from Florida, we are only 45 minutes from Lake City and 1 hour from Gainesville on i-75 Northbound, sitting just 5 miles past the Florida/Georgia line. After a quick trip, you can have the cash you need in just a few minutes! A lot of the customers we have travel from Florida to Georgia to complete the title loan process with us because Florida does not offer traditional title loans and you are able to avoid the headache from these companies, such as credit checks and additional steps they may require, and any hidden fees they may have. A title loan is based off the equity of your vehicle, not your credit history! At Lake Title, we have an easy, hassle free approval process that has been helping people just like you access the extra funds they are needing with a title loan with Lake Title!
Lake Title
1323 Lakes Blvd Ste A
Lake Park, Georgia 31636
When you complete a title loan with Lake Title, you are required to make the drive to the office to complete your application and leave with your funds in just minutes in your initial visit. Once you have completed the application process, we have multiple ways to make your payments or pay off your loan that doesn’t require you driving back to the office and we even offer the option to have your title mailed back to you via certified mail once your loan is paid off if that is what you prefer!
If you are needing more specific directions or have any additional questions, please reach out to one of our friendly representatives at Lake Title at (352) 692-2274 and we will be happy to assist you!
Title loans can provide needed cash fast—particularly to borrowers with bad or no credit because there is never a credit check with a title loan from Lake Title. They work by using a vehicle title to act as collateral for the amount of the pawn. We offer them as a way for borrowers to cover emergencies or other short-term expenses, without the hassle and inconveniences of a traditional loan. With a title loan, you are only required to have a few documents to get approved, and the equity in your vehicle acts as the collateral for the loan! We do not check your credit nor does your credit ever play a factor in approval with Lake Title!
Title loans are typically a short-term loan, so your repayment terms with Lake Title are simple and easy. The title loan is a 30-day pawn transaction in Georgia, but there are no strict end dates for repayment of the loan. With that, also bear in mind that it is the same as any other financial obligation in the sense the longer you have a balance, the more money you end up paying back for that transaction. If you are unable to pay the full balance back within the 30-day timeframe, you will simply need to pay at least the minimum finance charge that is listed on your pawn transaction contract. At Lake Title, we encourage our customers to pay over their minimum payment in order to lower their principle balance as well as their additional 30-day finance charge and total payback amount.
Title loans are a quick, simple and easy way to gain access to a line of credit different from a traditional line of credit. With Lake Title we initially approve your application based on the equity of your vehicle, but once you have established an account and history with our company, you are able to increase your line of credit along with your borrowing power which is based on your payment history with us.
Most of America owns assets, and vehicles are the most common of those assets. Most people don’t realize that you have equity in your vehicle, regardless of the condition. Here at Lake Title, we make it simple and easy for our customers to access any equity they have in their vehicles by exchanging your vehicle title as collateral for a short-term title pawn transaction which helps you get the cash you’re needing today quickly, easily and hassle free. You, the borrower, will hold the power in the title loan as you are the one who decides the length of time you will need to pay back the title loan with Lake Title.
If you still have any questions, we are here to help! Please reach out to one of our friendly representatives in the office at (352) 692-2274 with any questions you may have, and we will be happy to get you the answers you need!
Since a title loan is meant to be a short-term option, the cost of repayment is ultimately dependent upon the borrower and how long they have an outstanding balance with Lake Title. Title loans are meant to be 30 day transactions, but can be extended for however long is needed or renewed at any time, as long as the borrower is paying the accrued interest for the transaction in order to extend the transaction for an additional 30 days. At Lake Title, we encourage our customers to pay over their minimum payment in order to lower their principle balance as well as their additional 30-day finance charge and total payback amount.
The standard finance fee with a title loan for a 30-day period is typically $25 to every $100 that is borrowed. If you borrow $500, you will have a finance fee of $125 every 30 days. When your 30-day period is up, you have the option to pay the full $625 back to pay off your account or you are able to pay the $125 interest charge to extend the transaction for another 30 days. If you choose to pay over your $125 interest charge, anything over that $125 will go towards your principle and work down your next finance charge and full pay off balance. For example, if you choose to pay $325 instead of $125, you will put $200 towards your principle balance. That will bring your principle balance to $300 and your next finance charge at the end of 30 days will go down to $75, with your payoff only being $375.
Here at Lake Title, we also offer an awesome 30-Day Interest Free* program which could be an awesome thing for our first-time customers! The awesome thing about our 30 day interest free program is that we offer the promotion for the entire life of the loan, not just your first 30 days like some companies! If you are unable to pay it all back within the first 30 days, you can make your minimum finance charge and at the end of your next 30 days, you can still pay off without paying your interest charge for that month!
*30-Day Interest Free: Not all customers will qualify for the 30 Days Interest Free Promotion. In order to qualify for the 30-Day Interest Free Promotion, you must meet the following criteria: 1) Have a lien free title to your vehicle that is valued at least $1,000; 2) Have verified, documented income of at least $1,000 a month after taxes; 3) Provide an acceptable proof of residency such as a service bill or bank statement in your name. You must open an account with Lake Title in order to receive the promotion. Promotion must be requested to a Lake Title representative prior to the completion of your Motor Vehicle Pawn Transaction in order to qualify. Promotion only valid (1) time per customer.
If you still have any questions, we are here to help! Please reach out to one of our friendly representatives in the office at (352) 692-2274 with any questions you may have, and we will be happy to get you the answers you need!
While a title loan is mean to be a 30-day transaction, you are not required to pay the full amount back within 30 days. Although, like any other financial obligation, the longer you extend your title loan, the more you will end up repaying. With a title loan, you have the option to pay the full balance within the first 30 days or you have the option to extend it for another 30 days by paying the minimum payment. You are able to keep the account open as long as you need, but bear in mind that the longer you the account remains open, the more interest you will accrue for this transaction. At Lake Title, we encourage our customers to pay over their minimum payment in order to lower their principle balance as well as their additional 30-day finance charge and total payback amount.
Here at Lake Title, we also offer an awesome 30-Day Interest Free* program which could be an awesome thing for our first-time customers! The awesome thing about our 30-day interest free program is that we offer the promotion for the entire life of the loan, not just your first 30 days like some companies! If you are unable to pay it all back within the first 30 days, you can make your minimum finance charge and at the end of your next 30 days, you can still pay off without paying your interest charge for that month!
*30-Day Interest Free: Not all customers will qualify for the 30-Day Interest Free Promotion. In order to qualify for the 30-Day Interest Free Promotion, you must meet the following criteria: 1) Have a lien free title to your vehicle that is valued at least $1,000; 2) Have verified, documented income of at least $1,000 a month after taxes; 3) Provide an acceptable proof of residency such as a service bill or bank statement in your name. You must open an account with Lake Title in order to receive the promotion. Promotion must be requested to a Lake Title representative prior to the completion of your Motor Vehicle Pawn Transaction in order to qualify. Promotion only valid (1) time per customer.
Have additional questions regarding a title loan or the 30-Day Interest Free promotion? Please reach out to one of our friendly representatives in the office at (352) 692-2274 and we will be happy to assist you!
While we are located in Georgia, we can still help you if you reside in Florida and have your vehicle titled there as Lake Title has been the leading title loan provider for Northeastern Florida and Southeastern Georgia for over 15 years, so we are able to service Georgia and Florida residents in our branch! Lake Title is the title loan lender for you, regardless if you live in Georgia or Florida and you will have no issues receiving a title loan through us with a Florida or Georgia Title.
As of 2013, the state of Florida has transitioned into not only using paper titles, but also using electronic titles (also referred to as e-titles). An electronic title, or e-title, is held by the residing state until you decide to have a paper title printed. If you already have an e-title, you do not need to go down to the DMV and print a quick title for $10, simply bring your registration into the office with you while completing your title loan application with Lake Title! If you do not have an e-title, you will need to bring the physical, paper title into the office with you.
As of October of 2020, Georgia has also begun the use of electronic titles (also referred to as e-titles). We are now able to accept electronically held titles through the State of Georgia to approve your title loan request with Lake Title as well! Just bring us a copy of your registration and we will be able to begin the approval process using your registration if it the title is held electronically. If you hold a State of Georgia paper title, you will need to bring this in with you to show proof of ownership of the vehicle and complete your title loan request.
Are you unsure if you have a paper title or e-title? Please reach out to one of our friendly representatives in the office at (352) 692-2274 and we will be more than happy to check for you!
The payback of your title loan with Lake Title is simple and easy! When you open your account with Lake Title, one of our friendly representatives will review and explain the exact terms and conditions of your pawn transaction with our branch. Generally, most title loans are meant to be paid back within the first 30 days, however if you are unable to repay the full amount by your due date; you do have the option to pay at least the minimum interest as disclosed in your pawn transaction agreement by your due date. Please keep in mind that only paying your accrued interest will not lower your principal balance or your accrued interest for the following 30 days, it will only covered the accrued interest for that 30 days and extend your transaction for another 30 days. The way to reduce your principle balance as well as your interest that is accrued for the following 30 days is to pay above your minimum payment. The due date for your transaction is based upon the date we approve your title loan request. Since you will come into the Lake Title branch to complete your application and receive your funds, your entire title loan request can be completed in 20 minutes or less, and you will leave with the funds you were needing.
Here at Lake Title, we also offer an awesome 30-Day Interest Free* program which could be an awesome thing for our first-time customers! The awesome thing about our 30-day interest free program is that we offer the promotion for the entire life of the loan, not just your first 30 days like some companies! If you are unable to pay it all back within the first 30 days, you can make your minimum finance charge and at the end of your next 30 days, you can still pay off without paying your interest charge for that month!
*30-Day Interest Free: Not all customers will qualify for the 30-Day Interest Free Promotion. In order to qualify for the 30-Day Interest Free Promotion, you must meet the following criteria: 1) Have a lien free title to your vehicle that is valued at least $1,000; 2) Have verified, documented income of at least $1,000 a month after taxes; 3) Provide an acceptable proof of residency such as a service bill or bank statement in your name. You must open an account with Lake Title in order to receive the promotion. Promotion must be requested to a Lake Title representative prior to the completion of your Motor Vehicle Pawn Transaction in order to qualify. Promotion only valid (1) time per customer.
Have additional questions regarding title loan repayment or the 30-Day Interest Free promotion? Please reach out to one of our friendly representatives in the office at (352) 692-2274 and we will be happy to assist you!
The accrued interest on the title loan is based upon the length of time the account has an unpaid principal balance for the transaction. Title loans are typically done on 30-day terms, but at the end of the 30 days the borrower has the option to pay the full amount back or they can pay at least the minimum accrued interest to extend the pawn transaction for another 30 days. The standard finance fee for a pawn transaction is typically $25 to every $100 that is borrowed, and this is for each 30-day period the pawn transaction is active. However, the total cost of repayment is unique for each customer as it ultimately depends upon the borrower and how long they choose to extend the pawn prior to paying it out. If you are unable to repay the full balance within 30 days, we highly recommend paying above your minimum payment each time as you will lower your accrued interest, your principle balance and your total payback for the transaction.
Here at Lake Title, we also offer an awesome 30-Day Interest Free* program which could be an awesome thing for our first-time customers! The awesome thing about our 30-day interest free program is that we offer the promotion for the entire life of the loan, not just your first 30 days like some companies! If you are unable to pay it all back within the first 30 days, you can make your minimum finance charge and at the end of your next 30 days, you can still pay off without paying your interest charge for that month!
*30-Day Interest Free: Not all customers will qualify for the 30-Day Interest Free Promotion. In order to qualify for the 30-Day Interest Free Promotion, you must meet the following criteria: 1) Have a lien free title to your vehicle that is valued at least $1,000; 2) Have verified, documented income of at least $1,000 a month after taxes; 3) Provide an acceptable proof of residency such as a service bill or bank statement in your name. You must open an account with Lake Title in order to receive the promotion. Promotion must be requested to a Lake Title representative prior to the completion of your Motor Vehicle Pawn Transaction in order to qualify. Promotion only valid (1) time per customer.
Have additional questions regarding the interest rate or the 30-Day Interest Free promotion? Please reach out to one of our friendly representatives in the office at (352) 692-2274 and we will be happy to assist you!
Although title loans are meant to be short-term 30-day transactions, you are not required to repay the full amount borrowed plus the accrued interest within your first 30 day as long as you pay at least your accrued interest by your due date. While we do recommend paying the title loan in full within your first 30 days to have the lowest cost they will receive with a title loan, we understand that life happens and you may not be able to pay it off that quickly. We always advise our customers to pay over their minimum accrued interest if they are needing to extend the transaction for an extra 30 days, as you will lower your future accrued interest, your principle balance and your total payback for the transaction.
Most people are unable to repay the entire title loan back within the first 30 days, so if you find that you are unable to do so yourself, there’s no reason to worry and you are not alone! At Lake Title, we will work with you for as long as you need to keep your account open, but please keep in mind that paying only the minimum accrued interest with any title loan is not going to reduce the principle balance that you owe. Lake Title highly recommends paying above your accrued interest.
If this is your first time borrowing with Lake Title, you may qualify for our 30-Day Interest Free Promotion* which is valid for the entire life of your title loan, unlike other companies! This means if you are unable to pay your title loan back within the first 30 days, you will still receive your interest free promotion when are you are ready to pay your account out. When you are ready to payoff, Lake Title will waive the accrued interest due at that time (up to 30 days) for your final payment, which allows you to only pay back your current principle balance and receive your title back! While most companies may offer similar promotions, they do typically require the account is paid off within the first 30 days in order to receive the promotion, while Lake Title understands that may not always be possible which is why we offer this promotion and allow our first time borrowers to have this promotion valid throughout the life of their transaction with us.
*30-Day Interest Free: Not all customers will qualify for the 30-Day Interest Free Promotion. In order to qualify for the 30-Day Interest Free Promotion, you must meet the following criteria: 1) Have a lien free title to your vehicle that is valued at least $1,000; 2) Have verified, documented income of at least $1,000 a month after taxes; 3) Provide an acceptable proof of residency such as a service bill or bank statement in your name. You must open an account with Lake Title in order to receive the promotion. Promotion must be requested to a Lake Title representative prior to the completion of your Motor Vehicle Pawn Transaction in order to qualify. Promotion only valid (1) time per customer.
Have additional questions regarding a title loan or the 30-Day Interest Free promotion? Please reach out to one of our friendly representatives in the office at (352) 692-2274 and we will be happy to assist you!
The best thing about getting a title loan with Lake Title: No credit or bad credit is not an issue with us! At Lake Title, your credit will never play a factor in your approval for your title loan request. We know it can sometimes be difficult to get the money you’re needing and that it can be extremely stressful and overwhelming to apply for a traditional loan. With Lake Title, you are more than your credit score! The equity your vehicle holds and the ability you have to repay your title loan is what determines your approval amount.
When you apply for a title loan, your vehicle is the determining factor in qualifying instead of your credit score. When you choose to get a title loan with Lake Title, you are authorizing us to secure a lien on the title of your vehicle which is used as the collateral for your transaction with Lake Title. The lien with us is secured the same as it is when you purchase a vehicle at a dealership or finance through your bank. The difference between a title loan and an auto financing loan is that with an auto financing loan, you are typically purchasing a vehicle; whereas with a title loan, you are entering a short-term transaction that allows you access the equity your vehicle holds. In fact, we actually have programs that allow you to receive a title loan, even if you are still paying an existing lienholder!
Have additional questions regarding a title loan or interested in the programs we offer for customers with existing liens? Please reach out to one of our friendly representatives in the office at (352) 692-2274 and we will be happy to assist you!
ABSOLUTELY! Although title loans are traditionally title pawns, you are pawning the title to your vehicle; not the vehicle itself so this pawn transaction does not work the same as a traditional pawnshop would. When you open your account with Lake Title, we will keep the title to your vehicle since that is the collateral for your title loan and you will keep your vehicle. It really is just that simple, and you can continue to use your vehicle as you normally did prior to receiving your title loan.
It is a common misconception that you do not keep your vehicle in your possession when entering a title loan. As most title loans are actually title pawns, ultimately your vehicle is the collateral for your title loan. Lake Title understands that we all rely on our vehicles to help us and our families through our day to day activities and lives, so it would be quite difficult to continue living life if you do not have access to your vehicle. We are not here to hinder you from being able to get things done as you need to, instead we are here to help you which is why we make it so easy to qualify for a title loan with the equity your vehicle holds and assist you with access to fast cash.
We want to help you get the extra funds you’re needing today with the equity your vehicle holds! Please call one of our friendly office representatives at (352) 692-2274 to get the process started today!
While some companies do require you have a spare key to the vehicle that you provide to them at the time you take out the loan, we never require a spare key at Lake Title! We strive to make it as easy as possible for our customers to access the equity their vehicle holds and allow them to get the cash they are needing. Most companies require the borrower surrenders a spare key to their vehicle in addition to their title among other additional steps to receive a title loan with them. Lake Title understands that keys can be expensive, especially the newer keys that are standard for most vehicles these days, which is why we never require a customer provide a spare key in order to qualify for a title loan with us! As a matter of fact, all you need to secure an approval on your title loan request is just a few items, some of which you already have on you at any point in time! To qualify for a title loan with Lake Title, you just need to provide us with your valid Photo ID, the title or registration to your vehicle if you have an e-title, proof of income, proof of residency (if you receive direct deposit, your bank statement can be used for proof of income and proof of residency), and your vehicle for a quick 5 minute inspection!
Call one of our friendly office representatives at (352) 692-2274 to get approved over the phone!
At Lake Title, we welcome all vehicles, regardless of age or condition, for approval! The value of the vehicle is ultimately the determining factor in the amount we will be able to approve you for on your title loan, but as long as your vehicle is in working order and able to be driven to the office for a quick 5 minute inspection, we can get your title loan processed on your car, truck, SUV or van! We have noticed that some customers think that the title loan inspection is a thorough process inside and out, but that is not the case and our representatives do not require that you detail and wash your vehicle prior to your inspection, so save yourself that time and money. Just bring your required documentation for approval and drive your vehicle to the office just the way it is to get your easy title loan approval with Lake Title!
Lake Title can even approve vehicles with minor body damage! Do you have dents, dings, cracked windows or damage from a fender bender that has you concerned about your approval odds with us since the vehicle is not in perfect condition? We can assure that here at Lake Title, that is never an issue for us approving your title loan request! These inconvenient and frustrating issues on one of the largest, and personal, assets everyone owns are way too common and expected on most vehicle, as we all rely on our own vehicles so much. At Lake Title, you and your business are what we value, as we are not a vehicle resale business and we are able to approve title loans for our customers with just the title to the vehicle as collateral for the transaction, so we are not looking to have customers who only have vehicles that are in perfect condition for us to grant approvals for title loans.
If you are worried about the damages your vehicle may have and that is stopping you from coming by to get the cash you need today from Lake Title, please reach out to one of our friendly office representatives at (352) 692-2274. One of our representatives will gladly provide you with the email address where you are able to send pictures of your vehicle and get a pre-approved quote after doing a remote inspection on your vehicle prior to your visit with our office to complete your title loan request! Give us a call today! (352) 692-2274
While some companies may have a mileage cut off to complete the title loan, Lake Title does not have a mileage cut off for our title loan approvals. Regardless of the miles your odometer reads, we can get you approved for the cash you need today in minutes! While we do collect the mileage during our quick 5-minute inspection of the vehicle, your vehicle having low or high mileage only plays a factor in determining your title loan amount, not the approval or denial! We make sure it’s easy for you to access the equity your vehicle holds to get your title loan approval today!
To be honest, each of us use our cars more than we realize! Between trips to and from work daily, taking your children to school or after curricular activities, going to the park, ball practice, birthday parties; going to the grocery store or taking your family out to dinner; taking vacations out of town – we are constantly adding more miles to our vehicles. Our vehicles are our reliable forms of transportation to every thing that happens in our lives and those miles add up, quickly! If all of our vehicles had low miles on them all the time, we would never be able to get out from under interest payments of auto financing; so we choose to keep the car that we love and try to keep it running as long as we can. Everyone has equity in their vehicles, because they are our form of transportation throughout life. With Lake Title, we understand that regardless of the love and memories you have made on these trips, these miles add up quickly, but you can still access the equity your vehicle holds and get approved for your title loan request today!
Curious about how much you could get approved for with Lake Title? Just fill out the few fields you see on our instant pre-approval quote to get your answer, or you can call one of our friendly Lake Title office representatives at (352) 692-2274 and get your easy and hassle-free quote today!
Do you receive your paycheck via direct deposit? If so, you can bring in your bank statement for proof of residency and proof of income to save yourself some extra time! If you do not receive your paycheck via direct deposit, that’s okay too; we can still use your bank statement as proof of residency. We can also accept a statement for a loan or any other type of revolving credit, like a credit card, for proof of residency as well.
The documentation that you need to provide for proof of residency can be any regular service bill in your name for your place of current residence. Acceptable forms of proof include, but are not limited to phone, electric, water, cable, gas, internet, insurance, etc. We will ensure the name on the bill and the address match the information on the title loan application for verification purposes. Since we require that it is your most recent bill (dated within the last 30 days), we will check the date to ensure it is your most recent service bill or bank statement for validity of your residency. Since Lake Title does not require a traditional credit check, we will utilize the proof of residency you provide in lieu of the credit check in order to approve your title loan request.
If you have recently moved and have not received your first service bill? No need to worry! We will do everything we can to work with you to get your title loan request approved. If you have a lease due to a recent move, we will accept this as proof of residency as long as it is not a month-to-month lease.
Do you live with a roommate who has the bills in their name? Does your landlord keep all of the utilities in their name? Still no need to worry! We do allow for a cosigner to take the alternative route of supplementing the required documentation in order to assist you with getting your title loan request approved. This is not a requirement, just an option we extend to our customers to ensure we can get them the approval they are needing.
Are your service bills or bank statement electronic because you have lost your paper copy, or you are enrolled in paperless billing? That is fine as well! We can still assist you by providing you with the email address to send the documentation to one of our representatives in the office and we will get it printed out for you. Lake Title strives to ensure our customers always receive the best customer service possible so that your title loan application is an easy, hassle-free process.
If you still have questions or are unsure if something you have will qualify for proof of residency, please reach out to one of our friendly office representatives at (352) 692-2274 and we will be happy to assist!
At Lake Title, we understand that proof of income can vary by your employer, and we will work with you to ensure we are able to get your title loan request approved. We typically request that you bring in your most recent paystub or bank statement if you receive direct deposit, a copy of your paycheck from your employer or the award letter from the Social Security Administration if you receive supplemental income. In certain circumstances, we will accept an official employment verification letter with the company letterhead from your employer if you are unable to provide proof of income in traditional means.
Are you self-employed? We can still assist you with getting your title loan request approved! If you deposit your earnings into a business or personal bank account, we can accept those as proof of income as long as you are able to provide proof of ownership of the business account if you choose to use it. You are also able to provide us with your loss and profit statement along with proof of ownership of the business in which you are providing proof of income for.
While we do typically require you to be on the job for 30 days in for us to factor your income into our title loan products, if you’ve just started a job and haven’t gotten your first paycheck; there’s no need to worry! We have some no income loan programs that we can get you started on, and once you’ve been on the job for 30 days and can provide proof of income, we are able to increase your borrowing power with Lake Title. This ensures you not only have access to cash now, but it will allow you access additional cash after you are able to meet the 30-day income requirement. Since we have a lot of customers that utilize these programs when they have unexpected expenses pop up, we understand that life happens.
If you still have questions or are unsure if something you have will qualify for proof of income, please reach out to one of our friendly office representatives at (352) 692-2274 and we will be happy to assist!
At Lake Title, we do allow our customers to utilize a cosigner in the event they need one to complete their title loan request. Common reasons a cosigner may need to be utilized is because of dual ownership (2 owners on the title), supplemental income, proof of residency or shared financial responsibility of repayment of the title loan. In most cases, your cosigner is not required to be an owner on the title of your vehicle so you will not need to stop by the DMV to have anyone added to your vehicle title.
Dual Ownership:
Vehicles with dual ownership can be a bit tricky, since having a dually owned vehicle doesn’t necessarily mean that your co-owner will be required to be on your title loan request. For Florida titles, you will need to look at the way your names are joined on the title. If the names are separated by ‘OR’, this allows either party the ability to apply for a title loan without the other party, using the vehicle as collateral. If the names are separated by ‘AND’, both parties on the title will be required to be applicants on the title loan request. For Georgia titles, the names are not separated by any words so both parties are required to be applicants on the title loan request.
Supplemental Income:
We frequently have cosigners added to the title loan request in order to provide additional proof of income to ensure the title loan request is approved for the maximum amount you need. As in most financial applications, your recurring income allows for a larger loan amount approval to ensure the ability to repay the loan. Having a cosigner to provide additional income to complete a title loan request is frequently done.
Proof of Residency:
Another common reason that applicants request a cosigner be added to their title loan request with Lake Title is proof of residency. It is a requirement that you and your cosigner reside at the same address if you are using a cosigner for proof of residency.
Shared Financial Responsibility:
Sometimes, the repayment of the title loan is a shared responsibility which will require a cosigner on the account. When title loan borrowers are working with friends or family to assist them in a financial need, we always encourage that both parties are applicants and account holders on the title loan; regardless of the reasoning. Essentially, this allows for both parties to be recorded on the paperwork and account for the title loan, and makes it easier for the borrowers to communicate with Lake Title regarding the status of the account, making a payment or paying the loan off completely, without having to burden one account holder with all of the responsibility.
Still have questions about using a cosigner and what all will be needed? Please feel free to reach out to one of our friendly office representatives at (352) 692-2274 and we will be more than happy to assist you!
Lake Title offers title loans to both Florida and Georgia customers, and both states offer an electronic title (also referred to as e-title) to vehicle owners in their states. Since we have the ability to accept and approve your title loan request with your e-title, there is no reason to make a stop by your local DMV and pay to have a paper one printed to complete the process.
If you currently have an e-title through Florida or Georgia, there are two documents that can be used to provide proof of ownership of your vehicle, instead of the title. You will need to provide your current registration OR the title work receipt that you receive from the DMV when you purchased the vehicle or last made changes to your title. Since most people do not typically keep the receipts, we see more of the current registrations. We will need to make a copy of the documents while you are in the office, but we will give the original back to you unlike with a paper title.
Are you unsure if your title is paper or an e-title? Give one of the Lake Title friendly office representatives a call at (352) 692-2274 and we would be more than happy to check on this for you to ensure you bring the correct documentation to your appointment!
Since you are receiving a loan against the equity in your vehicle when you receive a title loan, we do require a quick 5-minute inspection of your vehicle to ensure it is in working, drivable condition at our office which will require you to travel in your vehicle to our location. We do require that the vehicle is currently registered since you will have to operate and drive that vehicle to our location. In the event your registration is about to expire; you are not required to renew your registration or have valid registration for an extended period to qualify, so there’s no need to rush down to the tag office and renew your registration early.
We have had some situations where our customers have applied for a title loan with Lake Title and not realized their registration had recently expired on their vehicle. In the event this happens to you, it does not automatically mean your title loan request will be denied without you renewing your registration. In the event your registration is extremely expired, by months or longer, or not expired at all, we will have to deny your title loan request until you are able to renew your registration. We have had some customers apply for the title loan simply because they needed the extra funds to renew that registration, and we were able to assist them with this.
If you have any questions or concerns regarding our registration requirements at Lake Title, please reach out to one of our friendly office representatives at (352)692-2274 and we will more than happy to assist you and answer any questions you may have!
While it is common to find title loan companies who do not offer loans to vehicles after certain years, at Lake Title we do not have a minimum year requirement or cut off in order to qualify for a title loan with us. We accept all years, makes and models to complete the title loan request. We understand that our customers are more than their vehicles.
While our instant email quote on our website shows the year, qualifications are restricted to 1991, we do not actually have a restriction on the vehicle year to qualify with us. The service that is used for the integration of your vehicle value on our website is why it is set at 1991 being the oldest vehicle you can select. That means if your than 1991 and you’re looking to access the equity in your vehicle, we are still able to help you!
Lake Title will use your current value of your vehicle as part of the determining factors in how much your title loan request will qualify for since the vehicle is the collateral against the loan. We are not limited to a “one size fits all” when it comes to determining the value of your vehicle and the amount of equity your vehicle holds in older aged vehicles. This means if your vehicle is an older, classic model car we have a system to help us determine the value of your classic car along with our quick 5-minute inspection.
Curious to know how much you could get for a title loan with Lake Title? You can easily fill out our instant quote application on our website or call one of our friendly office representatives at (352) 692-2274 to get your pre-approval over the phone!
Since Lake Title services both Florida and Georgia residents and insurance is a requirement to operate your vehicle in either state and you will need to drive the vehicle to our office to complete your title loan request, we do require that you have some level of insurance on your vehicle. We do not require that you provide us with proof of insurance, however, we will ask that you provide us with the company and policy number for your automotive insurance.
While some lenders require that you upgrade or maintain full coverage insurance, Lake Title does not have that requirement. Other title loan lenders may require you purchase a full coverage insurance plan or purchase insurance through their company which adds on additional fees and products to your title loan, and this will not help you in the long run since it all factors in to your principle balance which will cause you to pay additional interest on the title loan. This does not allow the borrower to repay their account according to a schedule that works best for them as it is not a traditional title loan. With Lake Title, we give you the ability and flexibility to repay your title loan within 30 days, or however long you need to keep your account active with us. You will only ever pay interest on the amount you of money you received from our branch for your title loan.
Please reach out to one of our friendly office representatives at (352) 692-2274 if you have any further questions or concerns. We are looking forward to assisting you!
In the event that the vehicle is titled with dual ownership (two owners), the way the vehicle is titled is what determines if both owners will be required to be on the application for a title loan with Lake Title. The way the names are separated on the registration, title or title application paperwork will determine how to proceed with your title loan request. The three ways that dual ownership is reflected is with “OR”, “AND” or no conjunction between the names. Below you will find what the different conjunctions means in regard to the ownership of your automobile.
“OR”:
The use of the conjunction “OR” to separate the names for ownership of an automobile allows either owner to act alone in matters in which a vehicle is dually owned. This means if you have two owners on your title with the ownership indicated as “OR”, then only one of the owners will be required to complete the title loan request and sign the appropriate paperwork for Lake Title to secure the lien on the title for your title loan. If your title is separated by “OR”, either owner is eligible to apply for the title loan or you still have the option for both owners to apply.
“AND”:
The use of the conjunction “AND” to separate the names for ownership of an automobile requires both owners to act together in matters in which a vehicle is dually owned. This means if you have two owners on your title with the ownership indicated as “AND”, then both of the owners will be required to complete the title loan request and sign the appropriate paperwork for Lake Title to secure the lien on the title for your title loan. If your title is separated by “AND”, you will both be required to be on the account through the use of our co-signer program for your title loan.
No Conjunction Between Owners:
In the event that your title has both owners’ names listed with no conjunction used to separate the names for ownership, the use of “AND” is automatically assumed and both parties will are required to act together at all times in any matters that involve the automobile that is dually owned. Both owners will be required to complete our title loan application through the use of our co-signer program.
If you do have a title that is dually owned and only one of the owners wants to apply for title loan when the names are not joined by “OR”, you have the option to change the ownership to reflect the conjunction “OR” on the title if both parties are able to go to your local DMV prior to applying for a title loan or your co-owner can sign over the ownership of the automobile to the other party which will allow the other party to process the appropriate paperwork through the sate at the local DMV to have the change of ownership completed. Although this is not a common situation for us, this is an alternative for you and the co-owner to be able to do in the even that this is the best decision for you and the co-owner of your vehicle.
Do you have additional questions regarding title loans with two people on the title? Please reach out to one of our friend office representatives at (352) 692-2274 and we will be happy to answer any questions!
Are you still financing your vehicle? At Lake Title, we are still able to assist you in accessing any equity that you may have in your vehicle through our 2nd lienholder program! In order for you to qualify for this program, one of our representatives will need to assess the amount of equity that you currently have in your vehicle which means you will need to provide us with your most recent billing statement from your current lienholder for us to compare you currently owe with the value of your vehicle and help us determine the available equity your vehicle holds to qualify for this program. If you know your current principle balance (an estimated amount is fine!), please give us a quick call at (352)692-2274 to get a pre-approval quote from Lake Title today!
The documents that are required to qualify for the 2nd lienholder title loan with Lake Title are listed below:
Registration or Title Receipt:
The most important document you will need to qualify is your registration or receipt from the DMV with your vehicle information listed. This document is a white piece of paper, looks like a title, that the DMV would have provided you with when you first had the paperwork processed or the last time you changed your title through your local DMV.
Loan Statement/Proof of Residency:
Since you are applying for a title loan on a vehicle that is currently still financed, we will need you to provide us with your most recent account statement from your current lienholder. Title loans do not require credit checks, so we do require proof of residency to qualify for the title loan. The good new is that the loan statement can help to act as your proof of residency as well.
Proof of Income:
While we do have a number of loan programs to assist all of our applicants get approved for a title loan, it is essential to provide proof of income if you would like to increase the amount of the loan that Lake Title will be able to approve you for. This is why it is always recommended to always bring your proof of income in with you. We typically request that you bring in your most recent paystub or bank statement if you receive direct deposit, a copy of your paycheck from your employer or the award letter from the Social Security Administration if you receive supplemental income. In certain circumstances, we will accept an official employment verification letter with the company letterhead from your employer if you are unable to provide proof of income in traditional means.
Photo ID:
We require all applicants to verify their identity by providing us with a valid State or Government issued photo ID. This is typically an easy one for our customers, since most have a driver’s license or identification card from the state in which they reside.
Your Vehicle:
In order to qualify for the title loan, you will need to drive your vehicle to the office in order for us to approve your request. During the approval process, a Lake Title representative will complete a quick, 5 minute inspection of the vehicle to gather the information needed for your specific vehicle in order to pull the current value of your vehicle to help us determine what amount you qualify for. The evaluation is a quick and easy process!
If you have any additional questions or concerns regarding our 2nd lienholder program, please reach out to a Lake Title representative at (352) 692-2274. We look forward to assisting you today!
