Title Loans in Humphrey, Arkansas

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No title loan companies in Humphrey, AR. Consider companies in other cities:

Company nameAddressZip codePhone number
Smart Chevrolet Cadillac Buick GMC 3 Smart Dr, White Hall, AR 71602 +1 (870) 543 - 2200
Farmers Bank & Trust 201 E 3rd St, Hope, AR 71801 +1 (870) 777 - 2363
Arvest Bank 70 Sugar Creek Center, Bella Vista, AR 72714 +1 (479) 271 - 1430
IBERIABANK 420 S Main St, Jonesboro, AR 72401 +1 (870) 934 - 4062
Arvest Bank 2761 E Mission Blvd, Fayetteville, AR 72703 +1 (479) 575 - 1000
Car-Mart of Russellville 2300 E Main St, Russellville, AR 72802 +1 (479) 967 - 1777
Eagle Bank Mortgage: John Bennett 122 W Main St, Heber Springs, AR 72543 +1 (501) 691 - 1127
Regions Mortgage 115 S Cravens St, Clarksville, AR 72830
Car-Mart of Searcy 801 E Beebe Capps Expy, Searcy, AR 72143 +1 (501) 278 - 4000
Fbt Bank & Mortgage 7199 Sheridan Rd, White Hall, AR 71602 +1 (870) 247 - 9700

Title Loan Companies in Nearby Cities

If there are no title loan companies in Humphrey, AR, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Jonesboro, AR, Title Loans in Little Rock, AR, Car Title Loans in North Little Rock, AR, Car Title Loans in Pine Bluff, AR, Title Loans in Rogers, AR, Title Loans in Sherwood, AR, Car Title Loans in Springdale, AR and Title Loans in Texarkana, AR. 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 Humphrey, AR.

Title Loans in Humphrey, Arkansas: Everything You Need to Know

Are you in need of cash but don’t have the credit score to qualify for traditional loans? Title loans may be a solution to your financial problems. If you’re in Humphrey, Arkansas, you’re in luck–title loans are legal and popular in the state.

What are Title Loans?

Title loans are a type of secured loan where the borrower uses their car title as collateral. The amount of the loan is typically based on the value of the vehicle, and the borrower must hand over the title to the lender until the loan is paid back.

The loans are typically short-term, and the interest rate is typically higher than that of traditional loans. However, title loans are an alternative for people who cannot access traditional loans due to their credit score.

The Process of Getting a Title Loan in Humphrey, Arkansas

The process of getting a title loan in Humphrey, Arkansas is relatively straightforward. The borrower must own their car outright, have a government-issued ID, and proof of income. The lender will also inspect the vehicle to determine its value.

Once the loan amount is agreed upon, the borrower must usually hand over their vehicle title to the lender. The process is quick, and the borrower can often receive the loan amount on the same day that they apply.

The Pros and Cons of Title Loans

Pros:

  • Access to quick cash
  • No credit check required
  • Secured loan, so there is less risk for the lender

Cons:

  • High interest rates
  • Potentially losing your vehicle if the loan is not paid back on time
  • Some unscrupulous lenders may take advantage of vulnerable borrowers

Before deciding to take out a title loan in Humphrey, Arkansas, it’s essential to weigh the pros and cons and make an informed decision. It’s also important to choose a reputable lender who is transparent about the terms and conditions of the loan.

Interesting Facts and Statistics About Title Loans in Humphrey, Arkansas

  • According to the Arkansas Attorney General’s office, the maximum interest rate for title loans in the state is 17% monthly, or 204% annually.
  • According to an ABC News report, title loan companies outnumbered McDonald’s restaurants in Alabama, Louisiana, Mississippi, and Oklahoma combined in 2018.
  • A study by Pew Charitable Trusts found that the average title loan borrower in the United States takes out eight loans of $375 each per year, paying a total of $520 in interest per loan.

Apply Now

If you’re considering a title loan, TheGuaranteedLoans is here to help. We are a connector service that can help you connect with potential lenders. Fill out our online application today to see if you qualify. Please note that TheGuaranteedLoans is not a direct lender, and we do not make credit decisions. However, we aim to connect you with reputable lenders who can meet your financial needs.

Remember, title loans are not a long-term solution, and they come with risks. Only take out a title loan if you are confident that you can pay it back on time, and always read the terms and conditions of the loan carefully.

Beautiful sights of Humphrey, AR

Title Loans Available in Humphrey, AR By The Following ZIP Codes:

72073

Humphrey, AR title loan calculator

Frequently Asked Questions About Car Title Loans in Humphrey, Arkansas

What happens if I default on a title loan in Humphrey, Arkansas?

If a borrower defaults on a title loan in Humphrey, Arkansas, the lender may repossess the vehicle and sell it to recover the loan amount.

Can I renew a title loan in Humphrey, Arkansas?

Yes, borrowers may be able to renew a title loan in Humphrey, Arkansas if they are unable to repay the loan in full by the due date. However, this may result in additional fees and interest charges.