Title Loans in Midland, Arkansas

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

Company nameAddressZip codePhone number
Crain Kia of Conway 810 S Amity Rd, Conway, AR 72032 +1 (501) 205 - 0623
Shelter Insurance - Timothy Brewer 2210 Hwy 25B, Heber Springs, AR 72543 +1 (501) 362 - 5027
U.S. Bank Branch 6004 Baseline Rd, Little Rock, AR 72209 +1 (501) 562 - 3586
Farmers and Merchants Bank 2696 Hwy 62 E, Mountain Home, AR 72653 +1 (870) 492 - 2101
Bank OZK ATM 1700 Helberg Ln, Ozark, AR 72949 +1 (800) 274 - 4482
National Title & Escrow 2111 Race St 2, Jonesboro, AR 72401 +1 (870) 932 - 2666
BancorpSouth Bank 700 S Main St, Jonesboro, AR 72401 +1 (870) 910 - 3541
Peoples Bank 1120 S Rock St, Sheridan, AR 72150 +1 (870) 942 - 5707
Flat Branch Home Loans 217 W Main St, Cabot, AR 72023 +1 (501) 424 - 0604
Farm Credit of Western Arkansas - Waldron 502 Frankie Matthew Dr, Waldron, AR 72958 +1 (479) 637 - 2087

Title Loan Companies in Nearby Cities

If there are no title loan companies in Midland, AR, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Bentonville, AR, Car Title Loans in Conway, AR, Car Title Loans in Fayetteville, AR, Car Title Loans in Fort Smith, AR, Car Title Loans in Jonesboro, AR, Title Loans in Little Rock, AR, Title Loans in North Little Rock, AR and Title Loans in Pine Bluff, 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 Midland, AR.

Title Loans in Midland, Arkansas: A Comprehensive Guide

When you’re in need of quick cash, title loans can be a viable option, especially in Arkansas where they are legal and increasingly popular. If you’re based in Midland, Arkansas, this article will provide you with a comprehensive guide on title loans in your area.

What are Title Loans?

Simply put, a title loan is a collateral loan where the borrower uses their car title as collateral in exchange for a loan. The amount you can borrow depends on the value of your car, and the loan typically ranges from a few hundred to a few thousand dollars.

The lender will hold onto your car title until you pay back the loan plus interest and fees. In most cases, you’ll be required to pay back the loan within a month, but this can vary based on your lender and terms of agreement.

Legal Regulations

Before taking out a title loan in Arkansas, it’s important to be informed on the legal regulations surrounding them. Title loans are legal in Arkansas, but there are laws in place to protect the borrower and regulate the lender.

The Arkansas Constitution caps interest rates on consumer loans at 17% per year, with additional fees and charges not exceeding 10% of the loan amount. This ensures that lenders cannot charge exorbitant interest rates and fees, which can make it difficult for borrowers to pay back the loan.

Additionally, lenders are required by law to provide borrowers with a written agreement that specifies the terms of the loan, including the interest rate, fees, and due date.

Benefits of Title Loans

  • Quick cash: Title loans can provide you with quick cash in a matter of hours, making them ideal for emergency situations.
  • Easy approval: Unlike traditional loans, title loans don’t require a credit check, making them accessible to borrowers with poor credit scores.
  • Flexible repayment terms: Most lenders offer flexible repayment terms, allowing borrowers to extend their due date if needed.

However, it’s important to note that title loans come with a higher risk due to the high interest rates and fees. If you’re unable to pay back the loan on time, you risk losing your car and damaging your credit score.

Interesting Facts

  • In Arkansas, the average interest rate for a title loan is around 33% per year.
  • The number of title lenders in Arkansas has increased by 55% in the past decade.
  • Arkansas borrowers take out an average of three title loans per year.

Apply Now

If you’re interested in applying for a title loan in Midland, Arkansas, TheGuaranteedLoans can help. We are a connector service that facilitates the connection between borrowers and potential lenders. Please note that we are not a direct lender and we do not make credit decisions.

To apply for a title loan, simply fill out an online application on our website and we’ll connect you with our network of lenders. Please ensure that you review the terms and conditions carefully before accepting the loan to ensure that you are able to pay it back on time.

Conclusion

Title loans can provide you with quick cash in emergency situations, but it’s important to be informed on the legal regulations and risks before taking out a loan. If you’re considering a title loan in Midland, Arkansas, TheGuaranteedLoans can help connect you with potential lenders, but please ensure that you review the terms and conditions carefully before accepting the loan.

Beautiful sights of Midland, AR

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

72945

Midland, AR title loan calculator

Frequently Asked Questions About Car Title Loans in Midland, Arkansas

Are there any alternatives to title loans in Midland, Arkansas?

Yes, there are other options for borrowers in need of emergency funds in Midland, Arkansas, such as personal loans or credit cards. It is important to compare the terms and rates of different loan products before deciding on the best option.

How do title loans in Midland, Arkansas work?

Title loans in Midland, Arkansas work similarly to title loans in other states. The borrower must provide their vehicle title and other necessary documents, such as proof of income and identification, to the lender. The lender will then evaluate the borrower's information and the value of their vehicle to determine the loan amount and terms. The borrower will then sign a contract agreeing to the loan terms and will receive the loan funds.