Title Loans in Detroit, Alabama

Get started
Payday Loan Title Loan Personal Loan Business Loan

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!

  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No title loan companies in Detroit, AL. Consider companies in other cities:

Company nameAddressZip codePhone number
NiceLoans! 3020 Lurleen B Wallace Blvd, Northport, AL 35476 +1 (205) 333 - 0884
Check Into Cash 27955 US-98 Suite O, Daphne, AL 36526 +1 (251) 621 - 5499
TitleMax Title Loans 4710 Moffett Rd, Mobile, AL 36618 +1 (251) 342 - 1343
Money Matters Title Loans 501 S Cedar Ave, Demopolis, AL 36732
Security Finance 7 Village Square, Clanton, AL 35045 +1 (205) 280 - 7373
Regional Finance 1237 US-231 South, Troy, AL 36081 +1 (334) 674 - 9999
Always Money 2975 US-280 Suite B, Alexander City, AL 35010
Advance America 5451 Halls Mill Rd Suite 5, Mobile, AL 36619 +1 (251) 666 - 3401
Regional Finance 4405 N College Ave c, Jackson, AL 36545
Lucy's Loans 356 Hwy 78 W, Jasper, AL 35501 +1 (205) 221 - 6441

Title Loan Companies in Nearby Cities

If there are no title loan companies in Detroit, AL, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Prichard, AL, Car Title Loans in Sylacauga, AL, Title Loans in Talladega, AL, Car Title Loans in Troy, AL, Car Title Loans in Trussville, AL, Car Title Loans in Tuscaloosa, AL, Car Title Loans in Valley, AL and Car Title Loans in Vestavia Hills, AL. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Detroit, AL.

Title Loans in Detroit, Alabama: A Comprehensive Guide

Title loans can be a useful financial tool for those in need of fast cash. However, it’s important to understand the details and terms of these loans, especially if you’re considering taking one out in Detroit, Alabama. In this article, we’ll provide you with everything you need to know about title loans in the state of Alabama, along with helpful tips to consider before making your final decision.

What are Title Loans?

A title loan is a type of secured loan that allows you to use your vehicle’s title as collateral. This means that you can borrow money using your car as security, with the loan amount based on the value of your vehicle. While title loans can be convenient for those in need of quick access to cash, they can also be risky due to high interest rates and fees.

Are Title Loans Legal in Alabama?

Yes, title loans are legal and popular in Alabama. In fact, Alabama has some of the most permissive laws regarding title loans in the country. According to the Alabama Banking Department, there were over 141,000 title loans taken out in Alabama during 2020 alone, with an average loan amount of $1,230. It’s important to note that while title loans are legal, there are still regulations in place to protect consumers from high interest rates and fees.

How Do Title Loans Work in Alabama?

To obtain a title loan in Alabama, you’ll need to provide proof of ownership for your vehicle, along with a clear title and a government-issued ID. You’ll also need to provide the lender with your vehicle’s make, model, and mileage. Based on these factors, the lender will determine the value of your vehicle and offer you a loan amount based on a percentage of that value. In most cases, the loan amount will be between 25-50% of the vehicle’s value, with interest rates ranging from 18-300% APR.

Once you’ve been offered a loan amount, you’ll need to sign a loan agreement outlining the terms and conditions of the loan. This agreement will typically include the loan amount, interest rate, repayment terms, and any fees associated with the loan. In most cases, you’ll need to repay the loan within 30 days, although some lenders may offer longer repayment periods.

Considerations Before Taking Out a Title Loan in Alabama

Before taking out a title loan in Alabama, it’s important to consider the following factors:

  • Interest Rates and Fees: Title loans can come with extremely high interest rates and fees, so it’s important to carefully review the terms of the loan agreement before signing.
  • Repayment Terms: Make sure you understand the repayment terms of the loan, including the deadline for repayment and any consequences for late payments.
  • Alternatives: Consider alternative sources of funding, such as personal loans or credit cards, which may have lower interest rates and fees.
  • Risk of Losing Your Vehicle: Remember that if you’re unable to repay the loan, the lender may repossess your vehicle to recoup their losses.

Interesting Facts and Statistics About Title Loans in Detroit, Alabama

Did you know that:

  • According to a 2020 report from the Alabama Banking Department, title lenders in the state averaged a 300% APR on their loans.
  • Detroit, AL has a population of just over 1,000 people and is located in Lamar County.
  • The median household income in Detroit is just $27,500, making title loans a tempting option for those in need of fast cash.

Apply Now for a Title Loan Through TheGuaranteedLoans

If you’re considering taking out a title loan in Detroit, Alabama, TheGuaranteedLoans can help connect you with potential lenders who can offer you a loan based on the value of your vehicle. Remember, TheGuaranteedLoans is a connector service and not a direct lender, so we can help facilitate your connection with potential lenders who may be able to offer you the funding you need. To get started, simply fill out our online application form and we’ll work to match you with potential lenders in your area.

Overall, taking out a title loan in Detroit, Alabama can be a useful way to access fast cash when you need it. However, it’s important to carefully consider the terms of the loan before signing an agreement, and to explore alternative sources of funding if possible. By doing your research and taking a thoughtful approach, you can make an informed decision about whether a title loan is right for you.

Useful Articles

Title Loans Available in Detroit, AL By The Following ZIP Codes:

35552

Detroit, AL title loan calculator

Frequently Asked Questions About Car Title Loans in Detroit, Alabama

Can I renew or extend a title loan in Detroit, Alabama?

Yes, most title loan lenders in Detroit, Alabama offer the option to renew or extend the loan, but this may come with additional fees and interest charges.

What happens if I can't repay my title loan in Detroit, Alabama?

If a borrower is unable to repay their title loan in Detroit, Alabama, the lender may repossess the vehicle and sell it to recoup their losses.

Advise to read before applying

Look for Title Loans in Other Cities:

Alabaster Anniston Atmore Auburn Birmingham Decatur Dothan Florence Foley Gadsden Hoover Huntsville Madison Mobile Montgomery Opelika Phenix City Prattville Tuscaloosa Vestavia Hills
Ukraine needs your help!

TGL Loans: helps connect people with lenders that provide money loans for all US residents. If you have a bad credit history, it is not a problem. You can fill out the application at any time 24/7. Make your dreams come true!

Customer Notice: Cash advance loans should be used for short-term personal requirements primarily, not as long-term budgetary remedies. Clients together with credit score issues ought to look for credit advice. Subject to state regulations, qualification, credit check, underwriting and approval. Rates, terms and conditions apply

Client Guidance: Payday loans are generally designed as a temporary financial bridge that allows individuals to borrow a modest amount of money until their next paycheck arrives. This type of loan is often used as an immediate financial remedy for unforeseen expenses, especially for those lacking a financial cushion or significant savings. If you find yourself struggling to manage your finances and considering a payday loan, it's crucial to consult with a qualified financial advisor. It's also important to familiarize yourself with the specific payday loan laws in your jurisdiction.

Accessibility: This platform's services may not be available to residents of certain states due to local regulations. To determine whether you can access this service, please review your area's legal guidelines. Additionally, be advised that the terms and conditions of this website can be altered at any time without prior notice.

Important Notice: TheGuaranteedloans.com is not a loan company and for that reason cannot determine whether or not you're eventually permitted for any advance, neither can we establish the sum of loan you might be provided. Every lending options, purchasing services and products are offered without having guarantee. When searching for deals, remember to evaluate the budgetary institution’s Terms and Conditions.

NOT A LENDER Disclosure: TheGuaranteedLoans.com is NOT a lender. We do not give any loans or credits. We do not store any of your financial or personal data. We are connecting service that sends all the data you enter on the Application page directly to the lenders. We may store after your approval - your name and email address.

Copyright © 2024 TheGuaranteedLoans. All trademarks are the property of their respective owners.