Title Loans in Hickory, Kentucky

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No title loan companies in Hickory, KY. Consider companies in other cities:

Company nameAddressZip codePhone number
World Finance 1029 N Main St, Nicholasville, KY 40356 +1 (859) 887 - 8008
Republic Finance 939 N Main St, Nicholasville, KY 40356 +1 (859) 887 - 5555
World Finance 43 Owls Nest Rd, Hyden, KY 41749 +1 (606) 907 - 4100
Mariner Finance 2835 S Hwy 27 Ste. 186, Somerset, KY 42501 +1 (606) 451 - 0602
Eagle Finance 10363 Dixie Hwy, Louisville, KY 40272 +1 (502) 935 - 2300
Lendmark Financial Services LLC 80 Madison Square Dr, Madisonville, KY 42431 +1 (270) 825 - 2722
Access Financial Services Inc 3115 Commonwealth Ct, Owensboro, KY 42303 +1 (270) 684 - 6677
First Financial Credit 1610 Cumberland Falls Hwy, Corbin, KY 40701 +1 (606) 376 - 9600
Old National Bank 501 Hospital Dr, Madisonville, KY 42431 +1 (270) 824 - 4100
Guardian Savings Bank 14 S Ft Thomas Ave, Fort Thomas, KY 41075 +1 (859) 781 - 5600

Title Loan Companies in Nearby Cities

If there are no title loan companies in Hickory, KY, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Florence, KY, Title Loans in Georgetown, KY, Title Loans in Hopkinsville, KY, Title Loans in Louisville, KY, Title Loans in Owensboro, KY and Title Loans in Richmond, KY. 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 Hickory, KY.

Understanding Title Loans in Hickory, Kentucky

If you find yourself in need of quick cash in Hickory, Kentucky, title loans may be a viable option for you. Title loans are a type of secured loan that allows you to borrow money using your car as collateral. In Kentucky, title loans are legal and popular among borrowers who need urgent financial assistance.

How Title Loans Work in Hickory, Kentucky

To obtain a title loan, you will need to fill out an online application form. The lender will then assess the value of your car and offer you a loan amount based on that value. In Kentucky, title loans can be offered for amounts up to $2,500, while the loan term can extend up to 30 days.

If you agree to the loan terms, you will need to hand over the title of your car to the lender as collateral. You will still be allowed to keep and use your car while repaying the loan. Once you have paid off the loan amount in full, the lender will return the title of your car back to you.

The Benefits and Risks of Title Loans in Hickory, Kentucky

The biggest advantage of title loans is that they provide borrowers with quick access to cash. Since the lender doesn’t perform a credit check, you can receive a loan even if you have a poor credit rating. Additionally, you can continue to use your car for personal or professional purposes while repaying the loan.

However, it’s essential to note that title loans come with significant risks and drawbacks. For instance, title loans carry high-interest rates, making them an expensive source of credit for borrowers. Moreover, if you default on your loan, the lender may repossess your car and sell it to recover the money owed.

The Regulations Governing Title Loans in Kentucky

In Kentucky, title loans are legal and subject to specific laws and regulations. For instance, title lenders must obtain a license to operate in the state and comply with the maximum loan amount and interest rate limits set by the Kentucky Department of Financial Institutions.

Additionally, Kentucky state law requires title lenders to provide borrowers with a written loan agreement that outlines the loan terms, repayment schedule, and all the fees and charges associated with the loan.

Interesting Facts and Statistics About Title Loans in Hickory, Kentucky

  • The average title loan amount in Kentucky is $951.
  • In 2019, title lenders in Kentucky issued approximately 130,000 loans.
  • As of 2019, there were over 700 licensed title lenders operating in Kentucky.

Apply Now with TheGuaranteedLoans

If you’re considering a title loan in Hickory, Kentucky, it’s important to work with a reputable lender. TheGuaranteedLoans is not a direct lender but a connector service that can help connect you with potential title loan lenders in the area.

To apply for a title loan through TheGuaranteedLoans, you simply need to fill out a quick and easy online application form. You will then be connected with lenders who are ready to offer you a loan based on the information you provide. Alternatively, you can also find a lender in your area by using our business listing portal.

It’s important to remember that title loans should only be used for emergency purposes and with caution. Be sure to understand all the loan terms and weigh the benefits and risks before deciding to take out a title loan in Hickory, Kentucky.

Title Loans Available in Hickory, KY By The Following ZIP Codes:

42051

Hickory, KY title loan calculator

Frequently Asked Questions About Car Title Loans in Hickory, Kentucky

How long do I have to repay a title loan in Hickory, Kentucky?

Title loans in Hickory, Kentucky typically have a repayment period of 30 days, but the specific terms of the loan may vary by lender.

Can I renew or extend a title loan in Hickory, Kentucky?

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