Title Loans in Paw Creek, North Carolina

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No title loan companies in Paw Creek, NC. Consider companies in other cities:

Company nameAddressZip codePhone number
PNC Bank 1168 Blowing Rock Rd, Boone, NC 28607 +1 (828) 262 - 4800
BB&T 611 Oberlin Rd, Raleigh, NC 27605 +1 (919) 716 - 9520
State Employees' Credit Union 5801 Rogers Rd, Rolesville, NC 27571 +1 (919) 570 - 1036
Cornerstone Home Lending, Inc 134 Craven St suite c, New Bern, NC 28560 +1 (252) 634 - 3000
CresCom Bank 117 E Southerland St, Wallace, NC 28466 +1 (910) 285 - 0235
State Employees' Credit Union 10956 NC-226, Spruce Pine, NC 28777 +1 (828) 766 - 6633
State Employees' Credit Union 142 Ocean Hwy S, Hertford, NC 27944 +1 (252) 426 - 8118
Wells Fargo Bank 401 S Front St, New Bern, NC 28560 +1 (252) 638 - 7605
Movement Mortgage, LLC 607 Atlantic Beach Causeway 102, Atlantic Beach, NC 28512 +1 (252) 241 - 2960
BB&T 1913 W Front St, Statesville, NC 28677 +1 (704) 878 - 3690

Title Loan Companies in Nearby Cities

If there are no title loan companies in Paw Creek, NC, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Wilson, NC, Title Loans in Winston-Salem, NC, Title Loans in Apex, NC, Car Title Loans in Asheville, NC, Title Loans in Burlington, NC, Car Title Loans in Cary, NC, Car Title Loans in Chapel Hill, NC and Title Loans in Charlotte, NC. 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 Paw Creek, NC.

Title Loans in Paw Creek, North Carolina

If you’ve ever needed emergency cash to cover unexpected expenses, you may have considered a title loan. Title loans are a type of secured loan that uses your vehicle’s title as collateral. In North Carolina, title loans are legal and have become a popular choice for those who may not qualify for traditional bank loans.

How Do Title Loans Work?

To get a title loan, you must own your vehicle outright and have a lien-free title. The lender will then assess the value of your vehicle and offer you a loan based on that amount. The amount you can borrow will vary based on your vehicle’s make, model, and condition.

If you agree to the terms, you’ll sign a contract and the lender will place a lien on your vehicle’s title. You’ll continue to make payments on the loan while still being able to drive your car. However, if you default on your loan, the lender has the right to repossess your vehicle.

Who Qualifies for a Title Loan in North Carolina?

In North Carolina, anyone over the age of 18 who owns a vehicle with a lien-free title can apply for a title loan. However, lenders may have additional requirements, such as proof of income or residency. It’s important to shop around and compare rates and terms before agreeing to a title loan.

What Are the Benefits of a Title Loan?

One of the main benefits of a title loan is the speed and convenience of the application process. Unlike traditional bank loans, which can take days or even weeks to process, title loans can often be approved and funded within hours.

Additionally, title loans don’t require a good credit score, making them accessible to those with poor or no credit. They also offer flexibility in terms of repayment options, with some lenders offering longer repayment terms to help you manage your payments.

What Are the Risks of a Title Loan?

While title loans may offer quick and easy access to cash, they also come with some risks. The interest rates on title loans can be much higher than traditional bank loans, and if you default on the loan, you may end up owing more than your car is worth.

Additionally, if you rely on your car for transportation or to earn income, losing it to repossession could have serious consequences.

Interesting Facts and Statistics About Title Loans in Paw Creek, North Carolina

  • According to a study by the Pew Charitable Trusts, 1 in 6 title loan borrowers in North Carolina end up losing their vehicle to repossession.
  • In 2019, the North Carolina State Senate passed a bill to cap interest rates on title loans at 36%, but the bill did not pass in the House.
  • According to the North Carolina Attorney General’s office, title loan lenders in the state made $247 million in fees and interest charges in 2018.

Apply Now

If you’re considering a title loan in Paw Creek, North Carolina, TheGuaranteedLoans can help. As a connector service, we’ll facilitate your connection with potential lenders and help you find the best rates and terms for your needs. Simply fill out our online application to get started.

Remember, title loans come with risks, so it’s important to fully understand the terms and ensure you can make your payments on time.

Paw Creek, NC title loan calculator

Frequently Asked Questions About Car Title Loans in Paw Creek, North Carolina

Are there any fees associated with a title loan in Paw Creek, North Carolina?

Yes, there are various fees associated with a title loan in Paw Creek, North Carolina, including interest charges and origination fees.

Can I get a title loan in Paw Creek, North Carolina if I have bad credit?

Yes, you can still get a title loan in Paw Creek, North Carolina even if you have bad credit. The loan is secured by your vehicle, so credit history is not a major factor in the lending decision.