Title Loans in Medusa, New York

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

Company nameAddressZip codePhone number
M&T Bank North Plaza, North Plaza 118 State Highway 320, Norwich, NY 13815 +1 (607) 334 - 5802
First Republic Bank 575 Madison Ave, New York, NY 10022 +1 (212) 371 - 8088
The First National Bank of Long Island Davis Professional Park, 5225 Nesconset Hwy Building 4, Suite 21, Port Jefferson Station, NY 11776 +1 (631) 928 - 4411
Crossroads Abstract 25 E Main St 200, Rochester, NY 14614 +1 (585) 262 - 6250
Community Bank, N.A. 75 Park St, Tupper Lake, NY 12986 +1 (518) 359 - 3344
The First National Bank of Long Island 7 Glen Cove Rd, Greenvale, NY 11548 +1 (516) 621 - 8811
Niagara's Choice Federal Credit Union 621 10th St, Niagara Falls, NY 14301 +1 (716) 284 - 4110
AmeriCU 6414 NY-31, Cicero, NY 13039 +1 (800) 388 - 2000
Five Star Bank 124 W Main St, Le Roy, NY 14482 +1 (585) 768 - 2241
KeyBank 62 New Scotland Ave, Albany, NY 12208 +1 (518) 242 - 5961

Title Loan Companies in Nearby Cities

If there are no title loan companies in Medusa, NY, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Oyster Bay, NY, Car Title Loans in Penfield, NY, Title Loans in Poughkeepsie, NY, Car Title Loans in Riverhead, NY, Title Loans in Rochester, NY, Title Loans in Rome, NY, Car Title Loans in Rye, NY and Title Loans in Schenectady, 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 Medusa, NY.

Understanding Title Loans in Medusa, New York

For those living in or around Medusa, New York, you might not be as familiar with title loans as people in other states. While not popular in New York, they are still a loan option for those in need of quick cash. Here’s what you need to know about title loans in Medusa, New York.

What is a title loan?

A title loan is a type of secured loan where the borrower uses their vehicle as collateral. The lender holds the title of the vehicle and can repossess it if the loan is not repaid. The loan amount is typically based on the value of the vehicle, and borrowers can receive a loan ranging from a few hundred to a few thousand dollars.

How do title loans work in Medusa, New York?

While title loans are available in New York, the state has strict regulations in place to protect consumers. In Medusa, New York, title loans are limited to $2,500 or less, and the loan term cannot exceed 180 days. The interest rate is also capped at 25%, which is lower than what’s allowed in other states where title loans are popular.

When applying for a title loan in Medusa, New York, you will need to provide proof of ownership for your vehicle, proof of income, and proof of residence. The lender will also need to inspect your vehicle to determine its value and condition.

The Risks of Title Loans

Like any loan, title loans come with risks that borrowers should consider before applying. Because title loans are secured by your vehicle, there is a risk of repossession if you are unable to repay the loan. Additionally, the high interest rates associated with title loans can quickly add up, making them difficult to repay.

Interesting Facts and Statistics About Title Loans in Medusa, New York

  • In New York, title loans are only legal for loans under $2,500.
  • New York state law caps the interest rate for title loans at 25%.
  • In 2017, the average title loan amount in the United States was $1,000.
  • According to the Consumer Financial Protection Bureau, 20% of borrowers who take out a title loan have their vehicle repossessed.

TheGuaranteedLoans Connector Service

If you’re considering a title loan in Medusa, New York, TheGuaranteedLoans can help. We are a connector service that works with a network of potential lenders. We facilitate your connection with lenders who can provide you with the best loan options based on your needs. It’s important to remember that we are not a direct lender and do not make lending decisions.

Apply Now

To get started with our connector service, simply fill out our online application. The process is quick and easy, and we’ll work with you to find the best loan options for your needs. Apply today and get the cash you need to take care of your financial obligations.

In Conclusion

While title loans are not as popular in New York as they are in other states, they are still an option for those in need of quick cash. It’s important to remember that title loans come with risks and should be considered carefully before applying. If you do decide to apply for a title loan in Medusa, New York, TheGuaranteedLoans can help connect you with potential lenders to find the best loan options for your needs.

Medusa, NY title loan calculator

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

Are title loans in Medusa, New York regulated by the state?

Yes, title loans in Medusa, New York are regulated by the New York Office of Consumer Credit Commissioner (OCCC).

How long do I have to repay a title loan in Medusa, New York?

The repayment period for a title loan in Medusa, New York will vary depending on the lender, but it is typically between 15 and 180 days.