Title Loans in Groveland, New York

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No title loan companies in Groveland, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
Community Bank, N.A. 525 E Main St, Palmyra, NY 14522 +1 (315) 597 - 3835
RECS Asbtract Inc. 307 N Tioga St, Ithaca, NY 14850 +1 (607) 277 - 8855
Sterling National Bank 164 Manetto Hill Rd, Plainview, NY 11803 +1 (516) 822 - 7500
SeaComm Federal Credit Union 3349 US-11, Malone, NY 12953 +1 (800) 764 - 0566
Citizens Bank Supermarket Branch 6150 South Park Ave, Hamburg, NY 14075 +1 (716) 646 - 6281
Catskill Hudson Bank 4445 NY-42, Monticello, NY 12701 +1 (845) 794 - 2265
M&T Bank 33 E Genesee St, Skaneateles, NY 13152 +1 (315) 554 - 2220
Capital One Bank 249 East 86th St, New York, NY 10028 +1 (212) 534 - 7015
Citibank 5801 Sunrise Hwy, Holbrook, NY 11741 +1 (631) 319 - 3456
Citibank 78 Carleton Ave, Central Islip, NY 11722 +1 (631) 533 - 9728

Title Loan Companies in Nearby Cities

If there are no title loan companies in Groveland, NY, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Manlius, NY, Car Title Loans in Mount Vernon, NY, Car Title Loans in New City, NY, Title Loans in New Rochelle, NY, Car Title Loans in New York, NY, Car Title Loans in Niagara Falls, NY, Title Loans in North Tonawanda, NY and Title Loans in Oceanside, NY. 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 Groveland, NY.

Title Loans in Groveland, New York: Everything You Need to Know

At TheGuaranteedLoans, we specialize in connecting borrowers with potential lenders for a variety of loans, including title loans. While title loans are not as popular in New York, there are lenders who offer them in Groveland. In this article, we’ll explore everything you need to know about title loans in Groveland, New York.

What is a title loan?

A title loan is a type of secured loan where a borrower uses their vehicle as collateral. The lender holds onto the vehicle’s title until the loan is fully repaid, with interest. Title loans are typically short-term loans, and the amount loaned is based on the vehicle’s value.

Eligibility for a title loan in Groveland, New York

To be eligible for a title loan in Groveland, New York, the borrower must:

  • Be 18 years or older
  • Own a car with a clear title
  • Show proof of income
  • Have proof of residency in New York
  • Have a government-issued ID

It’s important to note that in New York, the interest rate for title loans is capped at 25%. However, many lenders may charge additional fees, which should be factored into the total cost of the loan.

Benefits and drawbacks of title loans

There are several benefits and drawbacks to consider when it comes to title loans.

Benefits:

  • Easy to qualify for
  • Quick access to cash
  • No credit check required
  • You can still keep your car

Drawbacks:

  • High interest rates and fees
  • Can lead to a cycle of debt
  • Your car can be repossessed if you default on the loan

Alternatives to title loans

If you’re considering a title loan, it’s important to explore your other options. Some alternatives to consider include:

  • Personal loans
  • Credit cards
  • Borrowing from friends or family

Interesting Statistics About Title Loans in Groveland, New York

While title loans are not as popular in New York, they still exist. According to recent data:

  • Only 32% of car title lending stores are still in operation in New York
  • New York state caps interest rates at 25%, making it difficult for lenders to profit significantly from title loans
  • On average, American car title lenders make $3 billion in fees every year

Apply Now

If you’re interested in a title loan in Groveland, New York, TheGuaranteedLoans can help you connect with potential lenders. Please note that we are not a direct lender, but rather a connector service. To apply now, fill out our online application and we’ll connect you with lenders who may be able to offer you a title loan.

Remember, title loans come with risks and may not be the best option for everyone. Be sure to educate yourself on the terms of the loan, including interest rates and fees, before signing on the dotted line.

Title Loans Available in Groveland, NY By The Following ZIP Codes:

14462

Groveland, NY title loan calculator

Frequently Asked Questions About Car Title Loans in Groveland, New York

Can I get a title loan in Groveland, New York if I don't have a job?

Yes, you can still get a title loan in Groveland, New York 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.

What are title loans in Groveland, New York?

Title loans in Groveland, New York are short-term loans that use a borrower's vehicle title as collateral.