Advance America Partners With LoanCenter to Offer Title Loans in Miami, Florida

MIAMI, May 24, 2021 (Newswire.com) - Advance America is partnering with LoanCenter to bring new, fast title loan options to Miami, Florida borrowers.

LoanCenter and Advance America Partnership

Advance America is now working with LoanCenter to offer Florida borrowers the chance to apply for quick access to funds based on the value of their vehicle up to $25,000.

That means that access to LoanCenter title loans are now available at all Advance America Florida locations, as well as through AdvanceAmerica.net.

How do Title Loans Work?

Title loans, a form of secured loan, provide access to same-day money based on an estimate of your vehicle's value if you are approved.

Title loans from LoanCenter provide up to $25,000 with rates as low as 36% APR on loans over $5,000. Advance America makes title loan referrals to LoanCenter. Loans are made by Wilshire Commercial Capital, LLC and other lending partners, and are subject to lender approval.

While paying off a title loan, the vehicle remains with the owner, but the title is collateral for the title loan. That means failure to keep up with a repayment plan could cause the vehicle to be repossessed or sold. Borrowers should be sure that the repayment plan is doable within the borrower's income.

Apply at AdvanceAmerica.net or Advance America Stores in Miami

Applying for a title loan online is easy through LoanCenter, where prospective customers can start the process by providing information about the vehicle such as its year, make, model and mileage.

Prospective customers can also apply for title loans by calling LoanCenter and getting an appraisal over the phone. Similar information will be needed to estimate the value of the vehicle to be used to secure the loan. Prospective customers will also need to provide documentation as requested.

To apply for LoanCenter title loans in person, visit any Advance America location, including the list below in Miami and surrounding markets.

About Westlake Technology Holdings:

Westlake Technology Holdings is an auto and finance technology company headquartered in Los Angeles, CA with approximately $12.14 billion in assets under management. Westlake Financial ("Westlake") originates indirect automotive retail installment contracts through a nationwide network of new and used automotive and powersports dealers. Westlake also offers loan portfolio purchasing, credit facilities and portfolio servicing through its ALPS division (Advanced Lending & Portfolio Services), www.WestlakeALPS.com; floor plan lines of credit are provided through its Westlake Flooring Services division, www.WestlakeFlooringServices.com; shared cash flow auto lending through Westlake's wholly owned subsidiary, Western Funding Inc., a Nevada based auto lender; indirect automotive leasing for credit unions through Westlake's subsidiary, Credit Union Leasing of America (CULA); dealer leads and direct-to-consumer auto loans are offered through Westlake Direct; consumer title loans are offered through Westlake's wholly owned subsidiary Loan Center, www.loancenter.com; and commercial real estate lending is offered through Westlake Capital Finance, www.WestlakeFinancial.com.

Source: Advance America