Title Loans in Saint Leonard, Maryland | Cash Advances at TheGuaranteedLoans.com

No title loan companies in Saint Leonard, MD. Consider companies in other cities:
Company name	Address	Zip code	Phone number
First Home Mortgage	15825 Shady Grove Rd 70, Rockville, MD	20850	+1 (240) 403 - 7233
Hebron Savings Bank	6 E Cedar St, Cambridge, MD	21613	+1 (410) 228 - 9202
Maryland Speedy Tag & Title	6901 Security Blvd, Windsor Mill, MD	21244	+1 (410) 277 - 8900
Capital Funding Bancorp Inc	1422 Clarkview Rd, Baltimore, MD	21209	+1 (410) 342 - 3155
M&T Bank	6093 Spring Ridge Pkwy, Frederick, MD	21701	+1 (301) 695 - 0570
APGFCU - Laurel Bush Branch	2113 Laurel Bush Rd, Bel Air, MD	21015	+1 (800) 225 - 2555
Long & Foster Thurmont, MD	1 E Main St B, Thurmont, MD	21788	+1 (301) 271 - 0746
BB&T	1525 Rock Spring Rd, Forest Hill, MD	21050	+1 (410) 838 - 4675
SunTrust	8924 Woodyard Rd, Clinton, MD	20735	+1 (301) 235 - 9387
AdvanceLoan	8101 Sandy Spring Rd, Laurel, MD	20707	+1 (860) 270 - 0708

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

Company name

Address

Zip code

Phone number

First Home Mortgage

15825 Shady Grove Rd 70, Rockville, MD

20850

+1 (240) 403 - 7233

Hebron Savings Bank

6 E Cedar St, Cambridge, MD

21613

+1 (410) 228 - 9202

Maryland Speedy Tag & Title

6901 Security Blvd, Windsor Mill, MD

21244

+1 (410) 277 - 8900

Capital Funding Bancorp Inc

1422 Clarkview Rd, Baltimore, MD

21209

+1 (410) 342 - 3155

M&T Bank

6093 Spring Ridge Pkwy, Frederick, MD

21701

+1 (301) 695 - 0570

APGFCU - Laurel Bush Branch

2113 Laurel Bush Rd, Bel Air, MD

21015

+1 (800) 225 - 2555

Long & Foster Thurmont, MD

1 E Main St B, Thurmont, MD

21788

+1 (301) 271 - 0746

BB&T

1525 Rock Spring Rd, Forest Hill, MD

21050

+1 (410) 838 - 4675

SunTrust

8924 Woodyard Rd, Clinton, MD

20735

+1 (301) 235 - 9387

AdvanceLoan

8101 Sandy Spring Rd, Laurel, MD

20707

+1 (860) 270 - 0708

Title Loan Companies in Nearby Cities

If there are no title loan companies in Saint Leonard, MD, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Salisbury, MD, Car Title Loans in Severn, MD, Title Loans in Severna Park, MD, Car Title Loans in Silver Spring, MD, Title Loans in Towson, MD, Car Title Loans in Waldorf, MD, Car Title Loans in Annapolis, MD and Title Loans in Baltimore, 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 Saint Leonard, MD.

Title Loans in Saint Leonard, Maryland: What You Need to Know

If you are facing a financial emergency or require quick cash for any reason, a title loan may be a viable option. Title loans are short-term loans that allow borrowers to use their vehicle as collateral. In the state of Maryland, title loans are legal and particularly popular in Saint Leonard and surrounding areas.

What is a Title Loan?

A title loan is a loan where a borrower offers their vehicle title as collateral. In exchange for the title, the lender will offer a short-term loan. The loan amount is typically based on the value of the vehicle, and the borrower must typically repay the loan within 30 days or less. Title loans are popular among people who have poor credit scores or those who cannot obtain financing through traditional lenders.

The Requirements for Title Loans in Saint Leonard, Maryland

The requirements to obtain a title loan in Saint Leonard, Maryland, are relatively simple. You must have a clear vehicle title in your name and be at least 18 years old. Some lenders may require proof of income or proof of residency, but these conditions may vary. It’s essential to speak with a lender and understand their specific requirements before applying for a title loan.

How Much Can You Borrow with a Title Loan in Saint Leonard, Maryland?

The loan amount you can receive with a title loan in Saint Leonard, Maryland, will depend on the value of your vehicle. Typically, lenders will offer between 25% and 50% of the value of your car. In addition, the loan amount will be influenced by other factors, including your income, credit score, and other debt obligations.

Why Are Title Loans in Saint Leonard, Maryland, Popular?

There are several reasons why title loans are popular in Saint Leonard, Maryland. Firstly, they are easy to obtain, and the requirements are relatively simple. Secondly, people with poor or no credit scores can still qualify for a title loan. Finally, title loans offer quick cash in emergencies, allowing borrowers to cover unexpected expenses or bills.

The Risks of Title Loans in Saint Leonard, Maryland

While title loans can provide quick cash in emergencies, they also carry significant risks. The interest rates on title loans are typically much higher than traditional loans, meaning borrowers may end up paying more than they borrowed. Additionally, if you miss a payment, the lender can legally repossess your vehicle and sell it. It’s essential to understand these risks before applying for a title loan.

Top Tips for Obtaining a Title Loan in Saint Leonard, Maryland

Understand the risks: Before applying for a title loan, it’s essential to understand the potential risks and drawbacks of the loan. Make sure you are comfortable with the interest rates, repayment terms, and potential risks of defaulting on the loan.
Compare lenders: Shop around and compare lenders to ensure that you are getting the best rate and terms possible.
Read the fine print: Before signing a loan agreement, make sure to read the fine print and understand all the terms and conditions.
Consider alternatives: Consider other options for obtaining a loan, including personal loans or credit cards.

Interesting Facts and Statistics about Title Loans in Saint Leonard, Maryland

According to a 2020 report by the Consumer Financial Protection Bureau, the average title loan amount in Maryland is $1,042.
Approximately 11% of Maryland residents have used a small-dollar loan, including payday or title loans, in the past five years.
A report by the Center for Responsible Lending found that the average interest rate on title loans in Maryland is 25% per month.

‘Apply Now’ for Title Loans in Saint Leonard, Maryland

If you are interested in obtaining a title loan in Saint Leonard, Maryland, TheGuaranteedLoans can help. We are a connector service, connecting borrowers with potential lenders. Our process is entirely online, and the application takes only a few minutes to complete. Once approved, the funding process is typically fast. Visit our website and fill out our online application to get started today!

It’s essential to remember that title loans carry significant risks, and borrowers should only consider them as a last resort. If possible, consider other options for obtaining financing, including personal loans, credit cards, or asking family and friends for help.

Frequently Asked Questions About Car Title Loans in Saint Leonard, Maryland

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

The interest rate on a title loan in Saint Leonard, 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.

Can I get a title loan if I have bad credit?

Yes, you can get a title loan if you have bad credit. Title loans are typically easier to qualify for than traditional loans because they are secured by the borrower's vehicle, which means that the lender has less risk if the borrower defaults on the loan. However, having bad credit may still affect the loan terms and interest rate that the borrower is offered.