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Have you been searching for a car title loan in Tampa. If so, always remember that not all auto lending companies are created equal. If you are looking for a car title loan in Tampa, chances are that you are either facing money troubles and need a quick burst of cash, or that your credit rating wasnt strong enough to secure you a loan from the bank.
In many cases, those looking for auto title loans fall into both of these categories at the same time, making them desperate enough to sign a deal with the devil (so to speak) and enter into an agreement with a morally questionable company.
Indeed, car title loans are often mentioned as a cautionary tale. All of us have heard the horror stories of companies that try to take advantage of desperate people by setting up loans with 100 percent interest rates (if not more), or by establishing schemes to try to gain ownership of customer vehicles.
Florida has cracked down on such businesses, capping car title loans in Tampa and throughout the state at 30 percent on the first 2,000 loaned and only shriram finance personal loan indore percent if the loan surpasses 3,000 in value. These rates are important to know for two reasons. First of all, if you find yourself in a conversation with an auto title lender who is trying to sell you frivolous interest rates, you can report them to the authorities.
Secondly, 18 percent interest rates or 30 percent interest rates are actually best rate on 100000 personal loan bargains, especially if your credit rating isnt great.