Title Loans in Marriottsville, Maryland

No title loan companies in Marriottsville, MD. Consider companies in other cities:
Company name	Address	Zip code	Phone number
Brennan Title Co	4076, 10903 Indian Head Hwy 207, Fort Washington, MD	20744	+1 (301) 203 - 0800
Lendmark Financial Services LLC	23415 Three Notch Rd Suite 2006, California, MD	20619	+1 (301) 863 - 5980
SunTrust	6707-A, Ritchie Hwy, Glen Burnie, MD	21061	+1 (410) 412 - 2094
BB&T	9395 Lanham Severn Rd, Lanham, MD	20706	+1 (301) 577 - 5656
BB&T Mortgage	603 Meteor Ave, Cambridge, MD	21613
BB&T	4460-A, W Northern Pkwy, Baltimore, MD	21215	+1 (410) 864 - 2207
MidAtlantic Farm Credit	6546 Mid Atlantic Ln, Salisbury, MD	21804	+1 (888) 339 - 3334
Hebron Savings Bank	2801 Ocean Gateway, Cambridge, MD	21613	+1 (410) 228 - 2440
Lakeside Title Company	Banneker Building, 5840 Banneker Rd 120, Columbia, MD	21044	+1 (410) 992 - 1070
NewDay USA	8160 Maple Lawn Blvd, Fulton, MD	20759	+1 (877) 423 - 5606

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

Company name

Address

Zip code

Phone number

Brennan Title Co

4076, 10903 Indian Head Hwy 207, Fort Washington, MD

20744

+1 (301) 203 - 0800

Lendmark Financial Services LLC

23415 Three Notch Rd Suite 2006, California, MD

20619

+1 (301) 863 - 5980

SunTrust

6707-A, Ritchie Hwy, Glen Burnie, MD

21061

+1 (410) 412 - 2094

BB&T

9395 Lanham Severn Rd, Lanham, MD

20706

+1 (301) 577 - 5656

BB&T Mortgage

603 Meteor Ave, Cambridge, MD

21613

BB&T

4460-A, W Northern Pkwy, Baltimore, MD

21215

+1 (410) 864 - 2207

MidAtlantic Farm Credit

6546 Mid Atlantic Ln, Salisbury, MD

21804

+1 (888) 339 - 3334

Hebron Savings Bank

2801 Ocean Gateway, Cambridge, MD

21613

+1 (410) 228 - 2440

Lakeside Title Company

Banneker Building, 5840 Banneker Rd 120, Columbia, MD

21044

+1 (410) 992 - 1070

NewDay USA

8160 Maple Lawn Blvd, Fulton, MD

20759

+1 (877) 423 - 5606

Title Loan Companies in Nearby Cities

If there are no title loan companies in Marriottsville, MD, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Clinton, MD, Car Title Loans in College Park, MD, Title Loans in Columbia, MD, Car Title Loans in Dundalk, MD, Car Title Loans in Ellicott City, MD, Title Loans in Essex, MD, Car Title Loans in Frederick, MD and Car Title Loans in Gaithersburg, 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 Marriottsville, MD.

If you are in need of quick cash and are considering a title loan in Marriottsville, Maryland, it is important to understand what these loans are and how they work. Title loans are a type of secured loan that uses your vehicle as collateral. According to Maryland law, title loans are legal and popular in the state. However, it is important to understand the risks and benefits associated with these loans to make an informed decision.

How Title Loans Work

Title loans are typically short-term loans that are easy to obtain and do not require a good credit score. To obtain a title loan, you will need to provide the lender with the title of your vehicle, which will be used as collateral. In exchange for the title, the lender will give you a loan amount that is based on the value of your vehicle.

The loan amount offered by the lender will typically be a percentage of your vehicle’s value, with some lenders offering up to 50% of the car’s worth. However, it is important to note that the interest rates on these loans can be extremely high, often reaching triple digits in some cases. Some lenders may also charge additional fees, which can add up quickly.

Key Point: Title loans are short-term loans that use your vehicle as collateral.

Benefits of Title Loans

One of the main benefits of title loans is that they are easy to obtain. Unlike traditional loans, which require a good credit score and a lengthy application process, title loans can be obtained quickly and with minimal paperwork. In many cases, you can receive your loan amount on the same day that you apply.

Title loans are also a good option for those who need cash quickly and do not have other options available to them. For example, if you have an unexpected expense, such as a medical bill or home repair, a title loan can provide you with the cash you need to cover the cost.

Key Point: Title loans are easy to obtain and can be a good option for those who need cash quickly.

Risks of Title Loans

While title loans have their benefits, they also come with significant risks. The main risk associated with title loans is the high interest rates. Because these loans are secured and do not require a good credit score, lenders often charge extremely high interest rates to minimize their risk.

In addition to high interest rates, there is also the risk of losing your vehicle if you are unable to repay the loan on time. If you default on the loan, the lender has the right to repossess your vehicle and sell it to recoup their losses.

Key Point: The main risks associated with title loans are the high interest rates and the risk of losing your vehicle if you default on the loan.

Facts and Statistics about Title Loans in Marriottsville, Maryland

– According to a report by the Pew Charitable Trusts, Maryland is one of 25 states that allows for high-cost title loans with no rate cap.

– In Maryland, title loans can be obtained for up to $25,000.

– The average interest rate on a title loan in Maryland is 300%.

– In 2019, the Maryland legislature passed a bill that would cap interest rates on title loans at 36%. However, the bill was vetoed by the governor.

Key Point: Maryland allows for high-cost title loans with no rate cap, and the average interest rate on a title loan in Maryland is 300%.

Apply Now

If you are considering a title loan in Marriottsville, Maryland, TheGuaranteedLoans can help you connect with potential lenders. Please note that we are a connector service, not a direct lender, and we do not make credit decisions. Our application process is simple and secure, and we work with a network of trusted lenders who can provide you with the cash you need.

Key Point: TheGuaranteedLoans can help you connect with potential lenders for a title loan in Marriottsville, Maryland.

In conclusion title loans can be a good option for those who need cash quickly, but they come with significant risks and should be approached with caution. Be sure to fully understand the terms of the loan and have a plan for repayment before taking out a title loan.

Frequently Asked Questions About Car Title Loans in Marriottsville, Maryland

How much can I borrow with a title loan in Marriottsville, Maryland?

The maximum loan amount that can be borrowed with a title loan in Marriottsville, Maryland is based on the value of the borrower's vehicle. Lenders are required to follow the Maryland Finance Code, which sets a maximum loan-to-value (LTV) ratio of 10% for title loans. This means that the maximum loan amount cannot exceed 10% of the value of the borrower's vehicle.

What is the interest rate on a title loan in Marriottsville, Maryland?

The interest rate on a title loan in Marriottsville, Maryland is determined by the lender and is based on the borrower's creditworthiness and the value of their vehicle. Lenders are required to follow the Maryland Finance Code, which sets a maximum interest rate of 10% per month for title loans.

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

Title Loan Companies in Nearby Cities