Title Loans in Matheson, Colorado

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No title loan companies in Matheson, CO. Consider companies in other cities:

Company nameAddressZip codePhone number
FNBO - First National Bank of Omaha 4100 Harrison Ave, Wellington, CO 80549 +1 (970) 494 - 5220
Sooper Credit Union 2440 Patterson Rd, Grand Junction, CO 81505 +1 (970) 242 - 0123
Business Lending Center 1104 N Main St, Pueblo, CO 81003 +1 (719) 545 - 8680
Alpine Bank 100 E 4th St, Rifle, CO 81650 +1 (970) 625 - 9610
Title Company of the Rockies 111 E 3rd St Suite 101, Rifle, CO 81650 +1 (970) 625 - 5426
Sooper Credit Union 2132 W Colorado Ave, Colorado Springs, CO 80904 +1 (719) 634 - 3516
Bent County Abstract & Title 621 Carson Ave, Las Animas, CO 81054 +1 (719) 456 - 0381
U.S. Bank ATM - City Market 122 Gunnison River Dr., Delta, CO 81416 +1 (800) 872 - 2657
Cook Ford Inc. 801 W Victory Way, Craig, CO 81625 +1 (970) 824 - 9441
Colorado Title & Closing Services, LLC 1500 E Oak Grove Rd Suite 2, Montrose, CO 81401 +1 (970) 252 - 7255

Title Loan Companies in Nearby Cities

If there are no title loan companies in Matheson, CO, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Greeley, CO, Car Title Loans in Littleton, CO, Car Title Loans in Longmont, CO, Title Loans in Loveland, CO, Title Loans in Parker, CO, Car Title Loans in Pueblo, CO, Car Title Loans in Westminster, CO and Title Loans in Wheat Ridge, CO. 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 Matheson, CO.

Title Loans in Matheson, Colorado

Are you a Colorado resident in need of quick cash? Title loans may be the solution you’re looking for. These loans are legal and popular in the state, including in Matheson, a small town located in rural El Paso County. In this article, we’ll provide an in-depth guide to title loans in Matheson, Colorado, covering everything you need to know about this type of financing.

How Do Title Loans Work?

To put it simply, a title loan is a type of secured loan that uses your vehicle’s title as collateral. The amount you can borrow depends on the value of your car, truck, or motorcycle, and lenders typically offer loan amounts ranging from $100 to $10,000 or more. Title loans are short-term loans, typically with repayment periods of 30 days to 12 months.

To qualify for a title loan, you must own your vehicle outright and have a clear title. You’ll need to provide the lender with your vehicle’s title as well as a copy of your ID and income verification. Your credit score typically doesn’t matter when it comes to title loans, making them an attractive option for people with poor credit or no credit history.

When you take out a title loan, you will need to pay interest on the loan amount. The interest rates can be high, ranging from 25% to 300% or more depending on the lender and loan amount. Additionally, if you’re unable to repay the loan on time, the lender can repossess your vehicle and sell it to recoup their losses.

Benefits of Title Loans

Despite the high interest rates and risks involved, title loans offer several advantages that make them a popular option for borrowers in Matheson and beyond. Some of the benefits of title loans include:

  • Quick access to cash: Title loans don’t require a lengthy application process like traditional bank loans. You can typically get approved on the same day and receive your money within 24 hours.
  • No credit check: Unlike other types of loans, title loans don’t require a credit check, making them accessible to people with poor credit or no credit history.
  • Flexibility: Title loan lenders are often more flexible than traditional lenders when it comes to loan amounts and repayment schedules. You may be able to negotiate the terms of your loan to better fit your financial situation.

Title Loans in Matheson, Colorado: What You Need to Know

If you’re considering a title loan in Matheson, Colorado, there are a few things you should keep in mind. First, title loans are legal in Colorado, but they are subject to certain regulations and restrictions. For example, lenders are required to disclose the interest rates and fees associated with the loan, and they cannot charge more than 36% APR.

Additionally, the terms of your title loan agreement must be in writing, and you have the right to prepay the loan at any time without penalty. If you default on the loan, the lender must give you notice and an opportunity to cure the default before repossessing your vehicle.

Interesting Facts about Title Loans in Matheson, Colorado

  • According to a 2019 report by the Center for Responsible Lending, Colorado’s title loan industry generates around $200 million in revenue annually.
  • The average title loan amount in Colorado is $1,000, and the average interest rate is 129% APR.
  • In 2018, Colorado passed a law that sets a maximum interest rate of 36% APR for title loans. This law went into effect in 2020.
  • There are several title loan lenders operating in Matheson and the surrounding areas, including LoanMart, TitleMax, and Fast Auto Loans.

Apply Now

Ready to apply for a title loan in Matheson, Colorado? TheGuaranteedLoans can help connect you with a reputable lender in your area. Visit our website to fill out an online application and get started today. Remember, we are a connector service, not a direct lender, and we will facilitate your connection with potential lenders.

Matheson, CO title loan calculator

Frequently Asked Questions About Car Title Loans in Matheson, Colorado

How do title loans in Matheson, Colorado work?

Title loans in Matheson, Colorado 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.

Are title loans legal in Matheson, Colorado?

Yes, title loans are legal in Matheson, Colorado. The Colorado Finance Code regulates the title loan industry in the state, including requirements for lenders and the maximum loan amounts and interest rates that can be charged.