Credex offers car title loans in South Florida, lending up to $5,000 based on vehicle equity rather than credit score, with approval and same-day funding.
Data compiled from public sources · Google rating shown when a stored review count is available
Credex is a regional car title loan company operating in Miami-Dade, Broward, and West Palm Beach counties for over 20 years. The company specializes in providing cash loans secured by vehicle titles, positioning itself as an alternative for borrowers with poor or limited credit histories researching short-term funds quickly.
Credex's core offering is auto title loans ranging up to $5,000, based on the appraised equity value of the borrower's vehicle rather than credit score. They advertise repayment terms of 6-24 months with "low APRs" and claim listed funding timing. The application process involves submitting vehicle details, title/registration, government ID, and proof of income—either in-person at their Florida locations, by phone, or online. Borrowers retain use of their vehicle throughout the loan term.
The company emphasizes speed of approval and ease of application, with dedicated support staff and multiple service channels. They explicitly warn customers against advance-fee scams and claim to never request payment before contract signing. Customer reviews highlight professionalism, honesty, and helpful staff across their locations.
However, car title loans carry inherent risks: if the borrower defaults, the lender can repossess the vehicle, creating potential transportation loss. While Credex advertises "low APRs," the actual rates are not disclosed on the website, making rate comparison impossible. The company operates only in specific Florida counties, limiting geographic availability. This product is best suited as a true emergency measure for borrowers with short-term cash needs and substantial vehicle equity, not as a primary financial solution.
Review lender profiles, APR ranges, fees, minimum-score fields, and funding-speed notes before deciding what to do next.
This is state-level context for Emergency Cash consumers in Miami, FL. It does not confirm that Credex Auto Title Loans Kendall or this specific location is licensed.
State regulator
Florida Office of Financial Regulation
Consumer protection
Status: Permitted
Rate context: Maximum fee of $10 per $100 borrowed (minimum $10-$300 range) or $15 per $100 borrowed ($300-$500 range)
Amount context: $500
Term context: 31 days
Regulated under Fla. Stat. § 560.403. Borrowers tracked via the statewide deferred presentment database to prevent multiple simultaneous loans. A mandatory 24-hour cooling-off period is required between payday loans.
Status: Permitted
Rate context: Tiered rate caps under the Florida Consumer Finance Act (Fla. Stat. § 687.101-687.308): rates vary based on loan amount and structure; maximum rates generally range from 18-25% depending on loan size and repayment terms
Installment lenders must be licensed by the Office of Financial Regulation. The Consumer Finance Act establishes specific rate schedules for different loan amounts.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Credex Auto Title Loans Kendall offers 12 services including Auto title loans up to $5,000 based on vehicle appraisal value, Online loan application with instant quote tool, Phone-based application assistance (855-527-3339), In-person application at multiple South Florida locations, Vehicle equity appraisal and qualification assessment, and 7 more.
Credex Auto Title Loans Kendall has profile signals associated with Consumers with poor or no credit history researching emergency-cash options quickly, Vehicle owners with significant equity seeking listed funding timing, South Florida residents facing urgent expense situations (medical bills, eviction, job loss), Borrowers who may not meet traditional personal-loan criteria or lines of credit.
Key strengths: published application timing and provider-stated funding timing with minimal paperwork requirements; Loans available to borrowers with poor credit scores, based on vehicle equity instead; Flexible repayment terms ranging from 6-24 months. Areas to consider: Actual APR and fee structure not disclosed on website, preventing rate comparison; Risk of vehicle repossession if payments are missed, creating transportation loss.
In the Emergency Cash category, comparable providers include Chicago Hard Money and Bridge Loans, Eagle Loan Company, Neighborhood Loans: Bucktown - NMLS ID: 222982. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Credex is appropriate for South Florida residents facing genuine financial emergencies who have vehicle equity and are comparing listed funding timing. Critical caveat: car title loans are expensive emergency borrowing with repossession risk; they should be a last resort only, not a regular financial product, and actual APR terms must be clarified before applying.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
The Military Lending Act protects active-duty servicemembers and their families from high-cost lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you may only be required to repay the principal — no interest or fees.
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Cash advances are a repeat-borrowing risk: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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