Title Loans in Hathorne, Massachusetts

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No title loan companies in Hathorne, MA. Consider companies in other cities:

Company nameAddressZip codePhone number
Country Bank 1485 N Main St, Palmer, MA 01069 +1 (800) 322 - 8233
Black and Buono, P.C. 600 Worcester Rd, Framingham, MA 01702 +1 (508) 879 - 0789
Country Bank 191 Sykes St, Palmer, MA 01069 +1 (800) 322 - 8233
Institution for Savings 312 Haverhill St, Rowley, MA 01969 +1 (978) 462 - 3106
Quincy Credit Union 100 Quincy Ave, Quincy, MA 02169 +1 (617) 479 - 5558
Mechanics Cooperative Bank Loan Center 15 W Britannia St, Taunton, MA 02780 +1 (888) 632 - 4264
Citizens Bank 315 Harvard St, Brookline, MA 02446 +1 (617) 731 - 1900
First Citizens Federal CU 352 Main St, Falmouth, MA 02540 +1 (800) 642 - 7515
TD Bank 62 Central St, Georgetown, MA 01833 +1 (978) 352 - 6110
BankFive 79 N Main St, Fall River, MA 02720 +1 (774) 888 - 6100

Title Loan Companies in Nearby Cities

If there are no title loan companies in Hathorne, MA, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Waltham, MA, Car Title Loans in Westfield, MA, Title Loans in Woburn, MA, Title Loans in Worcester, MA, Title Loans in Andover, MA, Car Title Loans in Arlington, MA, Title Loans in Attleboro, MA and Title Loans in Beverly, MA. 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 Hathorne, MA.

Title Loans in Hathorne, Massachusetts: Understanding the Basics

If you’re a resident of Hathorne, Massachusetts and find yourself in a financial bind, a title loan might be a viable option for you. Title loans are short-term loans secured by the borrower’s vehicle. They are legal and popular in Massachusetts, but it’s important to understand the risks and benefits before committing to this type of loan.

How Title Loans Work

A title loan involves using your vehicle’s title as collateral for a loan. The lender will assess the value of your car when determining the loan amount. Typically, you can borrow up to a percentage of the vehicle’s value. Once you receive the loan, you must repay it within a specified period of time, often within 30 days. If you default on the loan, the lender may repossess your vehicle.

It’s important to note that because title loans are secured by your vehicle, they often come with high-interest rates and fees. Additionally, because they are short-term loans, the interest can quickly add up. As with any loan, it’s essential to read and understand the terms and conditions before accepting the loan offer.

Requirements for Getting a Title Loan

To obtain a title loan in Hathorne, Massachusetts, you must meet the following requirements:

  • Be at least 18 years old
  • Own a vehicle with a clear title
  • Have a government-issued ID and proof of income
  • Meet any additional requirements set by the lender

It’s essential to note that while borrowers don’t need a perfect credit score, lenders will often perform a credit check before approving a title loan. Additionally, if you default on the loan, your credit score may be negatively impacted, and the lender may repossess your vehicle.

The Risks and Benefits of Title Loans

Like any financial decision, it’s essential to weigh the risks and benefits of title loans. Here are some of the advantages and disadvantages:

Benefits

  • Quick access to cash
  • No credit check needed
  • Possible to still drive your vehicle while making payments

Risks

  • High-interest rates and fees
  • Potential to fall into a debt trap
  • May result in the loss of your vehicle if you default on the loan

It’s important to carefully consider the risks and benefits before committing to a title loan. Evaluate your financial situation and determine if a title loan is the best option for you.

Interesting Facts and Statistics About Title Loans in Hathorne, Massachusetts

  • According to the Center for Responsible Lending, the average interest rate for title loans in Massachusetts is 183%
  • As of 2021, there are approximately 100 title lenders operating in Massachusetts
  • Between 2017 and 2019, the number of title and payday lenders in Massachusetts decreased by 26%
  • Massachusetts has implemented strict regulations on title loans to protect consumers from predatory lending practices

Apply Now for a Title Loan in Hathorne, Massachusetts

At TheGuaranteedLoans, we understand that unexpected expenses can arise. We are a connector service, not a direct lender, and can facilitate your connection with potential lenders. If you’re considering a title loan in Hathorne, Massachusetts, we encourage you to fill out our online application. Our process is quick and confidential, and we’ll work with you to find a lender that meets your needs. Apply now to get started.

Hathorne, MA title loan calculator

Frequently Asked Questions About Car Title Loans in Hathorne, Massachusetts

Are there any restrictions on how long I can have a title loan in Hathorne, Massachusetts?

in Hathorne, Massachusetts, title loans are typically limited to 180 days, with the option to extend the loan for an additional 180 days if necessary. However, some lenders may offer longer loan terms, so it's important to carefully review the terms and conditions of your loan before accepting it.

Can I get a title loan on a vehicle that has been in an accident in Hathorne, Massachusetts?

In most cases, you can get a title loan on a vehicle that has been in an accident in Hathorne, Massachusetts, as long as the vehicle is still in good working condition and has a clear title. However, the value of the vehicle may be affected by the accident, which could affect the amount you are able to borrow.