Title Loans in Royalton, Kentucky

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

Company nameAddressZip codePhone number
Cash Express 711 S Lincoln Blvd, Hodgenville, KY 42748 +1 (270) 358 - 6328
Mariner Finance 1728 KY-192 Suite 2, London, KY 40741 +1 (606) 864 - 8750
Cash Express 104B Southside Mall Rd, South Williamson, KY 41503 +1 (606) 237 - 0089
Cash Express 109 E Front St A, Glasgow, KY 42141 +1 (270) 659 - 2795
Payday Advance Florence 7953 Mall Rd, Florence, KY 41042 +1 (859) 594 - 4302
U.S. Bank ATM - Maysville 33 W 2nd St, Maysville, KY 41056 +1 (800) 872 - 2657
Eagle Finance 790 N Dixie Hwy 100, Elizabethtown, KY 42701 +1 (270) 769 - 0055
Monticello Banking Company 2554 US-127, Russell Springs, KY 42642 +1 (270) 866 - 7322
ABC Finance Co Inc 117 Columbia Ave, Glasgow, KY 42141 +1 (270) 659 - 9800
Lendmark Financial Services LLC 4645 Village Square Dr H, Paducah, KY 42001 +1 (270) 442 - 4351

Title Loan Companies in Nearby Cities

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

Title Loans in Royalton, Kentucky: A Comprehensive Guide

If you’re a resident of Royalton, Kentucky, and you’re in need of quick cash, title loans are a legal and popular option to consider. In this guide, we’ll provide you with everything you need to know about title loans to make an informed decision.

What is a Title Loan?

A title loan is a type of secured loan where the borrower uses their vehicle as collateral. The lender will hold the title of the car until the loan is repaid in full, often within 30 days.

How to Qualify for a Title Loan in Royalton?

To qualify for a title loan in Royalton, you must be at least 18 years old and have a clear car title in your name. You’ll also need to provide proof of income and a government-issued ID. Having a good credit score isn’t necessary since the loan is secured by your vehicle.

The Amount You Can Borrow with a Title Loan

The amount you can borrow with a title loan in Royalton depends on the value of your car. Most lenders will let you borrow up to 25-50% of your car’s value. For example, if your car is worth $10,000, you could potentially borrow $2,500 – 5,000.

The Interest Rates and Repayment Options

Title loans typically have high-interest rates due to the high risk involved for the lender. In Kentucky, title loan interest rates are capped at 25% per month. The repayment options for title loans are usually 30 days, but extensions are available for an extra fee.

The Risks of Title Loans

While title loans can provide quick cash when needed, they also come with risks. If the loan is not repaid on time, the lender can repossess your car, which can cause severe financial hardship. Additionally, high-interest rates can lead to a cycle of debt where the borrower finds it challenging to repay the loan in full.

Interesting Facts and Statistics about Title Loans in Royalton, Kentucky

  • In 2019, there were over 240,000 new title loans issued in Kentucky
  • The average loan amount was $950
  • From 2013-2017, Kentucky experienced a 210% increase in title lending
  • Over 20% of title loan recipients in Kentucky lose their vehicle due to non-payment

Apply Now

If you’re considering a title loan in Royalton, Kentucky, TheGuaranteedLoans can connect you with potential lenders. Fill out our simple online application, and we’ll find a lender to suit your specific needs. Remember, we are a connector service and not a direct lender. Apply online now to get the cash you need.

Conclusion

Title loans can be an excellent solution for those in need of quick cash, but they come with risks. Always make sure you understand the terms completely and can repay the loan on time. It’s also essential to choose a reputable lender and avoid scammers. We hope this guide has provided you with useful information to make an informed decision about title loans in Royalton, Kentucky.

Royalton, KY title loan calculator

Frequently Asked Questions About Car Title Loans in Royalton, Kentucky

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

Most title loans in Royalton, Kentucky have a repayment period of 30 days.

Are title loans in Royalton, Kentucky regulated?

Yes, title loans in Royalton, Kentucky are regulated by the Office of Consumer Credit Commissioner.