Title Loans in Long Green, Maryland

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No title loan companies in Long Green, MD. Consider companies in other cities:

Company nameAddressZip codePhone number
Stewart Title Company 409 Washington Ave 920, Towson, MD 21204 +1 (410) 296 - 5380
BB&T Mortgage 603 Meteor Ave, Cambridge, MD 21613
BB&T 2078 Generals Hwy, Annapolis, MD 21401 +1 (410) 573 - 2834
BB&T 17601 Virginia Ave, Hagerstown, MD 21740 +1 (301) 791 - 9404
Lendmark Financial Services LLC 18340 Spark Dr Suite 103, Hagerstown, MD 21740 +1 (240) 420 - 2800
SunTrust 1700 Rosemont Ave, Frederick, MD 21702 +1 (240) 772 - 3954
MidAtlantic Farm Credit 45 Aileron Ct, Westminster, MD 21157 +1 (888) 339 - 3334
BB&T 17301 Valley Rd Ste 112, Hagerstown, MD 21740 +1 (301) 791 - 9404
Capitol Title 3140 W Ward Rd Suite 101, Dunkirk, MD 20754 +1 (410) 286 - 3964
BB&T 1401 S Salisbury Blvd, Salisbury, MD 21801 +1 (410) 546 - 2265

Title Loan Companies in Nearby Cities

If there are no title loan companies in Long Green, MD, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Essex, MD, Title Loans in Frederick, MD, Car Title Loans in Gaithersburg, MD, Title Loans in Germantown, MD, Title Loans in Glen Burnie, MD, Title Loans in Hagerstown, MD, Car Title Loans in Montgomery Village, MD and Title Loans in Odenton, MD. 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 Long Green, MD.

Title Loans in Long Green, Maryland

If you’re in need of quick cash and have a car, you may have considered getting a title loan. A title loan is a type of secured loan where a borrower uses their car’s title as collateral. In Maryland, title loans are legal and can be a popular option for those in need of short-term financing.

How Title Loans Work in Long Green, Maryland

To obtain a title loan, you must have a clear and free title to your car, meaning you own the car outright and there are no outstanding loans or liens on it. You then bring your car to the lender, who will assess its value and offer you a loan amount based on that value, typically ranging from 25% to 50% of the car’s appraised value. You’ll also need to provide proof of income and a valid photo ID.

If you agree to the loan terms, you’ll hand over your car’s title to the lender until the loan is repaid in full. This typically includes the loan principal plus interest and any additional fees. The loan term is typically 30 days, but it can vary by lender.

The Pros and Cons of Title Loans in Long Green, Maryland

Like any financial product, title loans have both advantages and drawbacks.

Pros:

  • Quick and easy access to cash
  • No credit checks required
  • You can still use your car while you repay the loan

Cons:

  • High interest rates and fees
  • Risk of losing your car if you can’t repay the loan
  • Potential for predatory lending practices

It’s important to carefully consider the potential risks and benefits before deciding if a title loan is right for you.

Facts and Statistics about Title Loans in Long Green, Maryland

According to data from the Maryland Commissioner of Financial Regulation, the average title loan in Maryland is $1,023 with an average annual percentage rate (APR) of 300%. In Long Green specifically, there are several title loan lenders offering varying loan amounts and repayment terms.

Apply Now with TheGuaranteedLoans

If you’re considering a title loan in Long Green, Maryland, TheGuaranteedLoans can help you find potential lenders. We are a connector service, not a direct lender, and we work with a network of reputable lenders to give you more options. Fill out our online application to get started.

Remember, borrowing money is a serious decision, and it’s important to weigh your options carefully before committing to any loan.

Long Green, MD title loan calculator

Frequently Asked Questions About Car Title Loans in Long Green, Maryland

Can I get a title loan on a boat in Long Green, Maryland?

Yes, title loans in Long Green, Maryland can be taken out on boats as long as the borrower has clear ownership of the vehicle and can provide proof of income.

How does a title loan work in Long Green, Maryland?

The borrower provides the lender with their car title and a source of income, and the lender determines the loan amount based on the value of the vehicle. The borrower then repays the loan, plus interest and fees, within a specified time frame.