Payday Loan 
Title Loan 
Personal Loan 
Business Loan What Is A Title Loan in Troy, New York?
A title loan, also referred to as a ‘pink slip loan’, is a type of loan that is secured by the borrower’s car title. It is a short-term loan; typically lasting less than 30 days, with the borrower turning over their car title and vehicle registration in exchange for a secured loan. Title loans, like payday loans, are usually for small amounts of cash (generally up to three thousand dollars) and have extremely high interest rates.
Are Title Loans Legal in Troy, New York?
Title loans are not popular in New York and are largely prohibited by the state’s ban on auto title loans. The state’s interest rate cap on consumer loans set at 16 percent annually also renders title loans unprofitable in the state of New York.
What Alternatives to Title Loans Are Available in Troy, New York?
If you find yourself in need of emergency cash in Troy, New York there are still options available to you. Traditional lenders may offer installment loans with longer term repayment options and competitively lower interest rates than title loans. Credit unions are also a great option for consumers in need of emergency cash, with some providing competitive installment loan products with competitive interest rates.
Do I Qualify for a Loan With TheGuaranteedLoans?
TheGuaranteedLoans is not a lender, but rather a loan connection service. We work with a large network of lenders to help provide consumers with the money they need. In order to qualify for a loan with TheGuaranteedLoans, you must:
- Be 18 years of age or older
- Have a valid phone number and email address
- Have an active bank account
- Have a regular source of income
What Happens If I Can’t Repay My Loan?
If you fail to repay your loan on time, your lender may charge late fees and other penalties. It is important to contact your lender directly if you are unable to make payments on time.
Apply Now
At TheGuaranteedLoans, we understand that life’s unexpected moments can leave you in need of fast cash. That’s why we provide a simple and secure online loan application that can get you the money you need quickly and easily. Fill out the application today and you could be connected with a lender in moments. Remember, TheGuaranteedLoans is not a lender and will never require you to pay a fee.
Frequently Asked Questions
Am I able to get more than one loan at a time?
No, you are limited to one loan at a time. It is illegal in most states to take out more than one loan at a time.
How long does it take to get approved for a loan?
The time it takes to get approved for a loan depends on the lender and the particular loan product. Usually, the entire process can take anywhere from a few minutes to several hours.
Will I have to provide paperwork?
Yes, depending on the lender you may have to provide certain documentation in order to be approved for a loan. This could include documents such as a copy of your driver’s license and/or other forms of identification.
Beautiful sights of Troy, NY
