Title Loans in Keene, Kentucky

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

Company nameAddressZip codePhone number
Advance America 3831 Ruckriegel Pkwy #100, Louisville, KY 40299 +1 (502) 261 - 0553
Mariner Finance 493 University Dr, Prestonsburg, KY 41653 +1 (606) 886 - 8743
Citizens Union Bank - New Liberty Location 460 KY-227, New Liberty, KY 40355 +1 (866) 633 - 4450
City Check Advance & Pawn 725 E Broadway, Louisville, KY 40202 +1 (502) 584 - 5617
Central Kentucky Federal Savings Bank, a Division of First Federal Savings Bank of Kentucky 208 Lexington Rd, Lancaster, KY 40444 +1 (859) 792 - 3368
Check Into Cash 111 Osborne Way, Georgetown, KY 40324 +1 (877) 244 - 8254
Cash Express 850 KY-15, Jackson, KY 41339 +1 (606) 693 - 0410
American Title Group 880 Corporate Dr 210, Lexington, KY 40503 +1 (859) 296 - 4566
Cash Express 8136 US-60, Ashland, KY 41102 +1 (606) 928 - 1039
AAA Palomar 3710 Palomar Centre Dr, Lexington, KY 40513 +1 (859) 219 - 3333

Title Loan Companies in Nearby Cities

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

Title Loans in Keene, Kentucky: Accessible and Comprehensive Guide

Title loans are legal and popular in Kentucky. As with any lending option, title loans can offer benefits and drawbacks, and it’s essential to understand what you’re getting into before signing on the dotted line. In this comprehensive guide, we’ll explore the ins and outs of title loans in Keene, Kentucky, to help you make an informed decision.

What are Title Loans?

A title loan is a lending option that requires you to use your vehicle’s title as collateral. The loan amount you can receive depends on the value of your car. You will allow the lender to hold onto your vehicle’s title until you pay off the loan. If you fail to repay the loan, the lender has the legal right to take possession of your car and sell it to recoup their losses.

How do Title Loans Work in Keene, Kentucky?

In Keene, Kentucky, title loans work similarly to other states. First, you’ll need to find a reputable lender that offers title loans. Then, present the lender with your car’s title, and they will appraise your car’s worth. Once they determine the value, they will offer you a loan amount. If you accept the offer, you’ll sign a contract and receive the loan proceeds.

Benefits and Drawbacks of Title Loans in Keene, Kentucky

Title loans offer benefits and drawbacks. Here’s a brief overview:

  • Benefits: Quick access to cash, no credit check, and flexible eligibility requirements, especially for borrowers with poor credit.
  • Drawbacks: High-interest rates, short repayment terms (typically 30 days), and the possibility of losing your car if you default on the loan.

How to Qualify for a Title Loan?

The eligibility requirements for title loans in Keene, Kentucky, vary by lender. However, in general, you must:

  • Own your car outright
  • Be at least 18 years old
  • Have a government-issued ID
  • Have proof of income

What Happens if You Can’t Repay a Title Loan?

If you can’t repay the loan, the lender has the legal right to take possession of your car and sell it to recoup their losses. If the sale of the car doesn’t cover the remaining balance, the lender may take legal action to collect the remainder.

Interesting Facts and Statistics about Title Loans in Keene, Kentucky

  • Fact 1: According to the Kentucky Department of Financial Institutions, in 2019, the average title loan amount was $1,237, with an average annual percentage rate (APR) of 157%
  • Fact 2: In Kentucky, title loans are typically for 30-day terms, with the option to renew the loan for up to six times.
  • Fact 3: According to a 2021 report from the Center for Responsible Lending, in Kentucky, 98% of title loans result in the borrower defaulting, losing their car, and falling into financial distress.

Apply Now for a Title Loan in Keene, Kentucky

If you’re considering a title loan in Keene, Kentucky, TheGuaranteedLoans can help you connect with potential lenders. We are not a direct lender, but a connector service, which means we’ll match you with lenders that fit your specific needs. Fill out our online application today to get started. Remember to always read the loan terms and conditions carefully before accepting any offers.

Keene, KY title loan calculator

Frequently Asked Questions About Car Title Loans in Keene, Kentucky

Can I get a title loan in Keene, Kentucky if I have bad credit?

Yes, title loans in Keene, Kentucky do not typically require a credit check, so borrowers with bad credit may be eligible for a loan.

How much can I borrow with a title loan in Keene, Kentucky?

The amount that a borrower can borrow with a title loan in Keene, Kentucky will depend on the value of their vehicle. The lender will assess the value of the vehicle and offer a loan amount based on that value.