Title Loans in Peck, Michigan

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No title loan companies in Peck, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
First National Bank 400 Sunday Lake St, Wakefield, MI 49968 +1 (906) 224 - 9581
Huntington Bank 1235 E Bridge St, Portland, MI 48875 +1 (517) 647 - 4141
Chemical Bank 111 N Brownson Ave, Kingsley, MI 49649 +1 (231) 263 - 5263
Sturgis Bank 113-125 E Chicago Rd, Sturgis, MI 49091 +1 (269) 651 - 9345
Huntington Mortgage Group 2040 River Rd, East China, MI 48054
Community Financial Credit Union 500 S Harvey St, Plymouth, MI 48170 +1 (877) 937 - 2328
Chemical Bank 301 Summer St, Algonac, MI 48001 +1 (810) 794 - 4958
DFCU Title Agency, LLC 400 Town Center Dr 106, Dearborn, MI 48126 +1 (313) 216 - 3200
Northern Initiatives NMU Jacobetti Complex, Suite 202, 1401 Presque Isle Ave., Marquette, MI 49855 +1 (906) 228 - 5571
Chase Bank 410 Sanilac Rd, Sandusky, MI 48471 +1 (810) 648 - 4470

Title Loan Companies in Nearby Cities

If there are no title loan companies in Peck, MI, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Taylor, MI, Car Title Loans in Troy, MI, Car Title Loans in Warren, MI, Title Loans in Westland, MI, Car Title Loans in Wyoming, MI, Car Title Loans in Ann Arbor, MI, Title Loans in Battle Creek, MI and Title Loans in Bay City, MI. 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 Peck, MI.

What You Need to Know About Title Loans in Peck, Michigan

If you need money quickly and have bad credit or no credit, title loans can be a tempting option. In Michigan, title loans are legal and popular, but they also come with potential risks that you should be aware of.

How Title Loans Work

A title loan is a type of secured loan where you use the title of your vehicle as collateral to borrow money. The lender holds onto the title until the loan is paid off, and if you default on the loan, the lender may repossess your car.

In Michigan, title loan lenders can lend up to $5,000, but the amount you can borrow will depend on the value of your vehicle. Title loan lenders also charge high interest rates and fees, so it’s important to read the fine print and understand all the costs associated with the loan.

Benefits of Title Loans

Although title loans can be risky, they also have some benefits. Title loans:

  • Are easy to qualify for, even if you have bad credit.
  • Provide quick access to cash when you need it.
  • Allow you to keep your car while you repay the loan.

Risks of Title Loans

Before you take out a title loan, it’s important to understand the potential risks. Title loans:

  • Have high interest rates and fees, which can make it difficult to pay back the loan.
  • Can lead to repossession of your car if you default on the loan.
  • May perpetuate a cycle of debt, where you have to take out additional loans to pay off the original loan.

Regulations on Title Loans in Peck, Michigan

In Michigan, title loan lenders must be licensed and follow certain regulations, including:

  • Limiting the amount of the loan to 50% of the vehicle’s value.
  • Charging interest rates of no more than 25% per month.
  • Requiring lenders to disclose all costs associated with the loan.

It’s important to make sure that any title loan lender you work with is licensed and follows these regulations.

Interesting Facts about Title Loans in Peck, Michigan

  • As of 2021, there are over 600 licensed title loan lenders in Michigan.
  • In 2019, title loan borrowers in Michigan paid an average interest rate of 240%.
  • Michigan lawmakers have considered capping title loan interest rates at 36%, but no legislation has been passed yet.

Apply Now

If you decide that a title loan is the right option for you, TheGuaranteedLoans can help connect you with potential lenders. Fill out our online application now to get started.

Please note that TheGuaranteedLoans is a connector service, not a direct lender. We do not make credit decisions or charge any fees, and we do not endorse any particular lender.

Beautiful sights of Peck, MI

Title Loans Available in Peck, MI By The Following ZIP Codes:

48466

Peck, MI title loan calculator

Frequently Asked Questions About Car Title Loans in Peck, Michigan

Who is eligible for a title loan in Peck, Michigan?

In order to be eligible for a title loan in Peck, Michigan, you must be at least 18 years old and have a clear car title in your name. You must also have a source of income and be able to provide proof of income, as well as proof of residence and a valid driver's license.

How much money can I borrow with a title loan in Peck, Michigan?

The amount of money you can borrow with a title loan in Peck, Michigan will depend on the value of your vehicle. The lender will typically lend you a percentage of the value of your car, up to a maximum amount.