POMPANO BEACH, Fla., February 15, 2022 (Newswire.com) - Rapid Auto Loans offers car title loans of $300 or more throughout Florida to individuals facing financial hardships and are in need of fast cash. Car title loans are alternatives to traditional loans and use the value of a vehicle as collateral. Best of all, the applicant has 12 months to repay their title loan and can still drive their car in the meantime. These loans have helped keep countless Florida residents out of collections, foreclosure, and utility shutoffs.
In an effort to make the process even easier, Rapid Auto Loans is excited to announce that they will now accept two new payments for loan repayment: Venmo & PayPal. The price remains the same for any online payment. Simply log into the account and use any connected accounts to make a payment. This doesn't create any additional work for applicants and doesn't limit other payment options such as check, debit card, or by using Walmart's MoneyCenter or at a local 7-11 store with their Bill Pay services.
"We are always looking to make the client's experience better and are working on a customer platform to include an app in the future," said Vana Geradi Ross, Chief Operating Officer of Rapid Auto Loans.
To apply for a car title loan with Rapid Auto Loans, all the applicant needs is a driver's license, the title of the vehicle being used for collateral, proof of insurance, and to fill out a car title loan application in person or online.
Additionally, a title search is conducted to ensure there is no existing lien on the vehicle being used for the loan. If there is a co-owner of the vehicle, they must be present to sign off on the car title loan too.
The Rapid Auto Loans philosophy has always been to help people get access to funds quickly and as easily as possible. The addition of Venmo and Paypal as forms of payment is just another way the company is doing it.
About Rapid Auto Loans
Rapid Auto Loans is a car title loan company based in South Florida, with locations throughout the state. Unlike other title loan companies, borrowers have a 12-month repayment plan with competitive interest rates. Applicants don't have to rely on income verification or a credit score to determine eligibility for a car title loan. To learn more about Rapid Auto Loans, visit www.raloan.com or call 954-960-7099 to speak with a customer representative.
Source: Rapid Auto Loans