Title Loans in Gallion, Alabama

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

Company nameAddressZip codePhone number
Check Into Cash 682 Clanton Market Pl, Clanton, AL 35045
Check Into Cash 505 N Main St, Opp, AL 36467 +1 (334) 403 - 5517
TitleMax Title Loans 2424 Green Springs Hwy, Birmingham, AL 35209 +1 (205) 290 - 0545
Community Loans 1449 Lakewood Dr, Jasper, AL 35501 +1 (205) 221 - 6311
Republic Finance 1906 Glenn Blvd SW Suite 700, Fort Payne, AL 35968 +1 (256) 845 - 4450
Speedee Cash 642 S Alabama Ave A, Monroeville, AL 36460 +1 (251) 589 - 7009
Cash 2 Go 3909 US-80, Phenix City, AL 36870 +1 (334) 298 - 0612
Advance America 2245-B Bessemer Rd, Birmingham, AL 35208 +1 (205) 781 - 0423
Title Cash 425 Foster Ave, Thomasville, AL 36784
CashMaster 13724 MS-43, Russellville, AL 35653 +1 (256) 332 - 3566

Title Loan Companies in Nearby Cities

If there are no title loan companies in Gallion, AL, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Mountain Brook, AL, Car Title Loans in Northport, AL, Title Loans in Opelika, AL, Title Loans in Oxford, AL, Title Loans in Pelham, AL, Title Loans in Pell City, AL, Title Loans in Phenix City, AL and Car Title Loans in Prattville, 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 Gallion, AL.

Title Loans in Gallion, Alabama: An Overview

In Alabama, title loans are a popular and legal option for those in need of quick cash. If you’re considering a title loan in Gallion, Alabama, it’s important to understand how they work and what the risks are.

What is a Title Loan?

A title loan is a type of secured loan where the borrower uses their vehicle as collateral. In order to obtain a title loan, the borrower gives the lender the title to their vehicle and the lender then gives the borrower a loan based on the value of the vehicle. The borrower then has a set amount of time to pay back the loan, along with interest and fees. If the borrower can’t pay back the loan, the lender may repossess their vehicle.

How Title Loans Work in Gallion, Alabama

In Gallion, Alabama, title loans are regulated by the Alabama Small Loan Act. This means that lenders can charge up to 25% interest per month on loans up to $2,000, and up to 18% interest per month on loans over $2,000. Title loans in Gallion must also have a minimum term of 30 days.

When applying for a title loan in Gallion, Alabama, the borrower will need to provide the lender with the following:

  • Their vehicle title
  • A government-issued ID
  • Proof of income
  • Proof of insurance
  • Proof of residency

The borrower’s vehicle will also need to be inspected by the lender to determine its value.

The Risks of Title Loans

While title loans can provide quick cash to those in need, they also come with significant risks. The high interest rates and fees associated with title loans can add up quickly, and if the borrower can’t pay back the loan, they may lose their vehicle.

It’s important for those considering a title loan to carefully weigh the risks and benefits and to only take out a loan if they are confident they can pay it back on time.

Interesting Facts and Statistics About Title Loans in Gallion, Alabama

– In 2019, the average title loan in Alabama was $951.

– 89% of Alabama title loans were taken out by borrowers who already had outstanding title loans.

– In 2019, Alabama title loan companies made over 200,000 loans totaling over $311 million.

Apply Now

If you’re in need of quick cash in Gallion, Alabama, consider applying for a title loan through TheGuaranteedLoans. As a connector service, we work with a network of trusted lenders to help you find the best loan for your needs. Our online application process is fast, easy, and secure. Fill out an application today and get the cash you need.

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

36742

Gallion, AL title loan calculator

Frequently Asked Questions About Car Title Loans in Gallion, Alabama

Can I get a title loan on a leased vehicle in Gallion, Alabama?

In most cases, you cannot get a title loan on a leased vehicle in Gallion, Alabama, as the leasing company typically retains the title to the vehicle. However, you may be able to get a personal loan or other type of financing if you can provide proof of income and a valid ID.

Can I get a title loan if my vehicle is not fully paid off in Gallion, Alabama?

In most cases, you cannot get a title loan on a vehicle that is not fully paid off in Gallion, Alabama. However, some lenders may offer loans to borrowers who have a lien on their title, as long as the lienholder is willing to sign off on the loan.