Title Loans in Adams, Minnesota

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No title loan companies in Adams, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
American Federal Bank 117 S Mill St, Fergus Falls, MN 56537 +1 (218) 739 - 3377
Fairway Independent Mortgage Corporation 816 E Blue Earth Ave 3, Fairmont, MN 56031 +1 (507) 773 - 7337
Nicole Angelo, CorTrust Mortgage 606 11th St E, Glencoe, MN 55336 +1 (320) 864 - 1601
First Alliance Credit Union 1011 Tompkins Dr NE, Byron, MN 55920 +1 (507) 288 - 0330
All American Title 801 Roosevelt Ave, Detroit Lakes, MN 56501
Bank Midwest 509 3rd St, Jackson, MN 56143 +1 (507) 847 - 3010
CorTrust Bank 106 4th St E, Monticello, MN 55362 +1 (763) 271 - 7200
AmeriNat 217 S Newton Ave, Albert Lea, MN 56007 +1 (800) 943 - 1988
American Bank of the North 428 NW 4th Ave, Grand Rapids, MN 55744 +1 (218) 327 - 0818
Merchants Bank 2835 S Service Dr, Red Wing, MN 55066 +1 (651) 385 - 7621

Title Loan Companies in Nearby Cities

If there are no title loan companies in Adams, MN, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Minneapolis, MN, Car Title Loans in Minnetonka, MN, Title Loans in Moorhead, MN, Title Loans in Rochester, MN, Title Loans in Saint Cloud, MN, Car Title Loans in Saint Paul, MN, Title Loans in Savage, MN and Title Loans in Shakopee, MN. 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 Adams, MN.

Title Loans in Adams, Minnesota: What You Need to Know

Are you looking for a quick way to get some cash? If you own a vehicle, you may want to consider a title loan. Title loans are legal and popular in Minnesota, and they can provide the financial assistance you need in a pinch.

What are Title Loans?

A title loan is a type of secured loan that uses your vehicle’s title as collateral. In other words, you can borrow money against the equity in your car, truck, or motorcycle. The amount you can borrow is based on the value of your vehicle, and loans can range from a few hundred dollars to several thousand.

To get a title loan, you’ll need to provide your vehicle’s title to the lender. The lender will perform an appraisal to determine the value of your vehicle and offer you a loan amount based on that value. If you accept the loan, the lender will hold onto your title until you pay back the loan in full.

How do Title Loans Work in Minnesota?

Title loans are legal in Minnesota, but there are certain regulations that lenders must follow. According to Minnesota law, title loans must:

  • Be for at least $350
  • Have a maximum term of 30 days
  • Charge an interest rate of no more than 33% per year
  • Allow borrowers to pay off the loan early without penalty

In addition to these regulations, lenders must be licensed by the Minnesota Department of Commerce and must follow strict rules regarding the advertising and disclosure of their loans.

What are the Risks of Title Loans?

While title loans can be a helpful financial tool, they also come with risks. Because they are secured loans, if you are unable to repay the loan, the lender can repossess your vehicle. This can result in the loss of your primary mode of transportation, making it difficult to get to work or take care of your other responsibilities.

In addition, title loans often come with high interest rates and fees, which can make them difficult to repay. If you are unable to pay back the loan in full by the end of the term, it may be rolled over into a new loan with additional fees and interest.

What are the Benefits of Title Loans?

Despite the risks, there are also several benefits to title loans. For one, they can provide quick access to cash when you need it most. If you have a pressing financial need, a title loan can help you cover expenses without waiting for your next paycheck.

In addition, title loans don’t require a credit check, which can make them a good option for those with poor or limited credit history. As long as you have a vehicle with a clear title, you can usually get a title loan.

Interesting Facts and Statistics About Title Loans in Adams, Minnesota

  • In 2020, the average title loan in Minnesota was $1,000
  • There are over 100 licensed title loan lenders in Minnesota
  • The majority of title loan borrowers in Minnesota are between the ages of 25 and 44
  • Minnesota law requires lenders to provide borrowers with a written agreement that includes the terms of the loan, the interest rate, and any fees

Apply Now

If you are interested in getting a title loan in Adams, Minnesota, TheGuaranteedLoans can help. We are a connector service that can connect you with potential lenders who can offer you a title loan based on the value of your vehicle. Keep in mind that while we are not a direct lender, we work with reputable lenders who are licensed and regulated in Minnesota.

To get started, simply fill out our online application. We’ll ask for some basic information about you and your vehicle, and then we’ll match you with lenders who may be willing to offer you a loan. From there, you can review the terms and conditions of each loan offer and choose the one that works best for your needs.

At TheGuaranteedLoans, we are committed to providing our customers with the tools and resources they need to make informed financial decisions. If you have any questions about title loans or our services, please don’t hesitate to contact us. We’re here to help.

Title Loans Available in Adams, MN By The Following ZIP Codes:

55909

Adams, MN title loan calculator

Frequently Asked Questions About Car Title Loans in Adams, Minnesota

Are there any limitations on how many title loans I can take out in Adams, Minnesota?

No, there are no limitations on how many title loans you can take out in Adams, Minnesota. However, it is important to carefully consider your financial situation before taking out multiple loans, as this can result in a high amount of debt.

Can I get a title loan in Adams, Minnesota if I don't have a job?

Yes, you can still get a title loan in Adams, Minnesota even if you don't have a job. However, you will need to provide proof of income in order to qualify for a loan. This could include income from social security, disability payments, or other sources of income.