Title Loans in Medford, Massachusetts

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Title Loan Companies in Medford, MA

Company nameAddressZip codePhone number
Century Bank 503 Riverside Ave 02155 +1 (781) 393 - 6520
Century Bank 400 Mystic Ave 02155 +1 (781) 393 - 4160
Century Bank 1 Salem St 02155 +1 (781) 391 - 9830
Citizens Bank 1 Riverside Ave 02155 +1 (617) 551 - 6223
Citizens Bank 501 High St 02155 +1 (781) 648 - 0885
Members Plus Credit Union 29 High St 02155 +1 (781) 905 - 1500
Rockland Trust 270 Mystic Ave 02155 +1 (781) 306 - 1610
Santander Bank ATM 590 Fellsway 02155 +1 (877) 768 - 2265

Title Loan Companies in Nearby Cities

If there are no title loan companies in Medford, MA, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Natick, MA, Title Loans in Needham, MA, Car Title Loans in New Bedford, MA, Car Title Loans in Newton, MA, Car Title Loans in North Andover, MA, Car Title Loans in Peabody, MA, Title Loans in Pittsfield, MA and Car Title Loans in Plymouth, 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 Medford, MA.

What Are Title Loans in Medford, Massachusetts?

Title loans in Medford, Massachusetts are short-term loans secured by a borrower’s car title. Title loans can provide fast cash in emergency situations, but they come with risk. The loan provider holds the title to the borrower’s vehicle as collateral until the loan is repaid. If the borrower fails to repay the loan, the lender can repossess the vehicle and sell it to recoup their losses. It’s important for borrowers to weigh the risks associated with taking out a title loan before making a decision.

Are Title Loans Legal in Massachusetts?

Yes, title loans are legal in Massachusetts. According to Massachusetts General Laws, Chapter 255, title loan lenders must be licensed in Massachusetts by the Commissioner of Banks. Also, title loans in Massachusetts must meet certain qualifications. For example, the maximum loan amount is $25,000, and the maximum loan term is two years.

How Do Title Loans Work in Medford, Massachusetts?

Title loans in Medford, Massachusetts are a type of secured loan that uses a borrower’s car title as collateral. You must provide a clear car title to the lender to take out a title loan. The lender will keep the title until the loan is repaid. The loan amount is based on the value of the vehicle, and the lender may charge an additional fee.

The loan is typically due in full after 30 days, but some lenders may allow borrowers to extend the loan for an additional fee. Borrowers can also pay off the loan early without any additional fees.

What Are the Benefits of Title Loans in Medford, Massachusetts?

Title loans in Medford, Massachusetts have some benefits that make them attractive to borrowers. First, they are fast and easy to get, so they can provide borrowers with the cash they need in emergency situations. Second, they are secured, so lenders are usually willing to offer competitive interest rates. Finally, they are easy to repay and can be paid off early without any additional fees.

What Are the Risks of Title Loans?

There are also some risks associated with title loans in Medford, Massachusetts. First, they are short-term loans, so they can be expensive if they are not repaid quickly. Second, the lender holds the title to the borrower’s vehicle, so if the borrower fails to repay the loan, the lender can repossess the vehicle and sell it to recoup their losses. Finally, title loans can trap borrowers in a cycle of debt, so it’s important for borrowers to make sure they can afford to repay the loan before taking it out.

How Can I Find a Title Loan Lender in Medford, Massachusetts?

If you are looking for a title loan lender in Medford, Massachusetts, there are a few options. You can search online for title loan lenders in your area or contact the Massachusetts Office of Consumer Affairs and Business Regulation for more information.

Apply Now for Title Loans in Medford, Massachusetts

At TheGuaranteedLoans, we can help you find the right title loan for your needs. We are not a lender, but we can connect you with reputable lenders that offer competitive rates and terms. If you are interested in a title loan in Medford, Massachusetts, fill out our online application and we will connect you with lenders for further action.

Frequently Asked Questions About Title Loans in Medford, Massachusetts

Q. What is a title loan?

A. A title loan is a short-term loan secured by a borrower’s car title. The loan provider holds the title to the borrower’s vehicle as collateral until the loan is repaid.

Q. Are title loans legal in Massachusetts?

A. Yes, title loans are legal in Massachusetts. However, they must meet certain qualifications, such as a maximum loan amount of $25,000 and a maximum loan term of two years.

Q. How do title loans work?

A. Title loans are simple. The loan amount is based on the value of the vehicle, and the lender keeps the title to the vehicle as collateral until the loan is repaid. The loan is typically due in full after 30 days, but some lenders may allow borrowers to extend the loan for an additional fee.

Q. How can I find a title loan lender in Medford, Massachusetts?

A. You can search online for title loan lenders in your area or contact the Massachusetts Office of Consumer Affairs and Business Regulation for more information. You can also apply for a title loan through TheGuaranteedLoans. We are not a lender, but we can connect you with reputable lenders that offer competitive rates and terms.

Beautiful sights of Medford, MA

Title Loans Available in Medford, MA By The Following ZIP Codes:

02155, 02153

Medford, MA title loan calculator

Frequently Asked Questions About Car Title Loans in Medford, Massachusetts

Are title loans legal in Medford, Massachusetts?

Yes, title loans are legal in Medford, Massachusetts. The Massachusetts Finance Code regulates the title loan industry in the state, including requirements for lenders and the maximum loan amounts and interest rates that can be charged.

How much can I borrow with a title loan in Medford, Massachusetts?

The maximum loan amount that can be borrowed with a title loan in Medford, Massachusetts is based on the value of the borrower's vehicle. Lenders are required to follow the Massachusetts 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.

How Many Cash Advance Companies are in Medford, MA?

With the help of our service, you will be able to find 8 cash advance companies in Medford, MA

What Cash Advance Companies in Medford, MA are the most popular?

You should check Century Bank, Citizens Bank, and Members Plus Credit Union. Also, you can start your application online on our website.