Are Title Loan Companies Trustworthy?

Nov 4, 2021
Title Loans

Auto title loans are a quick way to get that much-needed cash. But how do you know if they're trustworthy? What if you're getting involved with a scam? The good news is that there are trustworthy title loan companies out there. But you need to know what to look for. 


Want to know if the title loan company you're working with is legit? Here are some things to look out for!


How To Know If a Title Loan Company Is Legitimate?


Using these tips, you can identify whether a title loan company is trustworthy and worth giving your business. Remember to keep these things in mind when researching a potential lender; before giving them any personal information.


Check The Online Reviews


Online reviews are a great way to see how others have experienced the company. You will soon be able to see if the public consensus is more positive or negative. If the majority of the reviews are positive, then take this as a good sign. Be sure to check for different names under the reviews. If they're all written by the same person, it may be a scam. If the wording is too generic, this should also be a warning sign. 


Can't find any reviews? Well, then it's best to be cautious.


Make Sure The Company Is Registered


State registration is a big one and will help to put your mind at peace. In Florida, financial consumer companies should be licensed under Florida Statute Chapter 516. This license allows for a lender to conduct business in Florida. Without a regulatory state license, you should be very cautious to proceed. Just because a finance company has its licensing information visible, doesn't mean it's legitimate. 


For complete peace of mind, you can always check with your individual state's agency. A registration check is important when searching for a trustworthy title loan.


Is The Company's Website Secure? 


Just because a company has a website doesn't mean that it's trustworthy. A tip is to look for the padlock symbol found in the URL bar. Also, check to see that the URL starts with "HTTPS" and not "HTTP". Both are signs that the website is encrypted and secure.


Check The Contact Details 


The first thing to do is to check for a phone number. If you can't find one, then proceed carefully. It's best to call the number and ask one or two company-related questions. This will help you to verify the identity of the company. Next, look for a physical address. Once you find this, look it up on Google Maps to confirm that it is a business.


The Trustworthy Title Loan Company in Florida 


At Rapid Auto Loans, we will set your mind at rest that we are who we say we are. Not only do we follow all the above requirements, but our team speaks for themselves. We have a unique business strategy when it comes to car title loans. 


Here's what sets us apart:


Quick And Simple Application Process


Our application process is simple. You start by completing our online application or by calling in. We then determine the amount that you qualify for based on the information you provide. Next, you'll have a quick appointment at one of our authorized inspection centers. Lucky for you, these are scattered all over Florida! After the interview, we'll verify you, and you'll leave with your check in hand. It's that simple.


No Credit Check 


We don't base your auto title loan application on your credit score or your bank account behavior. We believe that your financial affairs should remain private. We don't require proof of income or expenses. We determine your funds based solely on your vehicle's value.


Easy Payment Plan


We also offer easy finance plans. These are designed so that you will only pay a total of 12 monthly payments. And you will only start paying after the first 30 days. We also offer our clients a 10-day grace period on every payment. Our relationship with our clients is what's important to us.


The Trustworthy Title Loan People


Rapid Auto Loans has Florida covered. Our solid reputation and unique approach to title loans are what sets our company apart. Why not give us a call and chat with one of our friendly team members. You will immediately start to feel peace of mind. Give us a call at 954-678-5781 or check out Rapid Auto Loans on Facebook for that peace of mind.


car title loan

If you’re in need of some quick cash, you might be considering getting a car title loan or pawning your car. Learn more about the different ways of getting a car title loan, what to do if you can’t pay off your car title loan, and how pawning your car works.

car title loan

Are funds running low and you’re in need of instant cash? Then you may want to look at applying for a car title loan. We live in a world where poor credit history or a low income makes it nearly impossible to get a loan. With a car title loan, none of that matters!

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Florida title loan

Title loans can be a saving grace when money is tight. Not only do they provide instant cash without lengthy processing periods, but there is no need to provide a credit score. Getting a Florida title loan is just as easy, especially when using a convenient provider like Rapid Auto Loans.

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If you’re in search of fast funding, a quick loan could be your best option. Quick loans, such as car title loans, allow you to obtain the funds you need and still drive your car. Learn more about car title loans and how they work.

What Are Short-Term Loans?

No matter how well we manage our money, unexpected expenses can still take a toll on our pocketbooks. Not all of us can borrow money from friends or family, which is why many choose to take out short-term loans. While getting the cash you need quickly can be tempting, there are several things you should consider before taking one out. Here, the experts at Rapid Auto Loans explain everything you need to know about short-term loans.

Rapid Auto Loans is a consumer finance company licensed under Florida 516. The term title loan is used for marketing purposes only.
All loans have a repayment period of 12 months and there is no minimum prepayment penalty. Interest Rates are determined and approved by the State of Florida based on the borrowed amount and the maximum APR (which includes interest rate plus fees and other costs for a year) is 30%. You pay interest only for the time your loan is outstanding. Below is a representative example of the total cost of the loan, including all applicable fees:



Government Fee


Credit investigative Fee


Documentary Stamp Tax


Total amount Financed


Original Loan Date




Monthly Payment (x12)

Rapid Auto uses “Auto Title Loans” for advertisement purposes only and provides auto equity loans. The lenders are licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such lenders loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of lenders activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.