Title Loans in Speed, North Carolina

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

Company nameAddressZip codePhone number
Mariner Finance 807 Jake Alexander Blvd S, Salisbury, NC 28147 +1 (704) 636 - 8641
Carolina Mortgage Services Team of ALCOVA Mortgage 10800 Sikes Pl 180, Charlotte, NC 28277 +1 (704) 543 - 1989
BB&T 143 E Rosemary St, Chapel Hill, NC 27514 +1 (919) 918 - 7030
Creekside Finance, Inc. 1447A Mt Jefferson Rd, West Jefferson, NC 28694 +1 (336) 246 - 2000
The Title Company of North Carolina 434 Fayetteville St 2340, Raleigh, NC 27601 +1 (919) 832 - 0252
Coastal Bank & Trust 300 US-17, Holly Ridge, NC 28445 +1 (910) 541 - 3811
SunTrust 3904 Oleander Dr, Wilmington, NC 28403 +1 (910) 399 - 0000
Excite Credit Union 237 Racine Dr, Wilmington, NC 28403 +1 (800) 232 - 8669
Universal Finance 839 Wilkesboro Blvd NE, Lenoir, NC 28645 +1 (828) 759 - 2228
Basic Finance 306 E Dixon Blvd, Shelby, NC 28152 +1 (704) 481 - 0111

Title Loan Companies in Nearby Cities

If there are no title loan companies in Speed, NC, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Fayetteville, NC, Car Title Loans in Gastonia, NC, Title Loans in Goldsboro, NC, Car Title Loans in Greensboro, NC, Car Title Loans in Greenville, NC, Title Loans in Hickory, NC, Title Loans in High Point, NC and Title Loans in Holly Springs, 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 Speed, NC.

Title Loans in Speed, North Carolina

If you’re considering title loans as a way to borrow money in North Carolina, you’re not alone. These loans have become a popular option for those in need of quick cash, thanks to a streamlined application process and lenient eligibility requirements. But before you take out a title loan, it’s essential to understand the risks and benefits in order to make an informed decision.

What are Title Loans?

A title loan is a type of secured loan that uses your car or motorcycle as collateral. The amount you can borrow is typically based on the value of your vehicle, and you’ll be required to hand over the title until the loan is repaid. While title loans come with higher interest rates than traditional loans, they often provide faster funding and fewer eligibility requirements.

How Title Loans Work in North Carolina

While title loans are legal in North Carolina, state regulations limit the amount you can borrow to $2,500 or less. Additionally, the loan term must be at least 30 days, and interest rates are capped at 25% for loans under $2,000 and 15% for loans between $2,000 and $2,500. Loan providers must also be licensed by the state.

Benefits of Title Loans

  • Quick funding – often within the same day
  • Fewer eligibility requirements than traditional loans
  • Borrowers can keep their vehicle while repaying the loan
  • Ability to borrow money with poor or no credit history

Drawbacks of Title Loans

  • Higher interest rates than traditional loans
  • Potential to lose your vehicle if you default on the loan
  • Can lead to a cycle of debt if the loan is not repaid on time
  • Not suitable for long-term borrowing or major expenses

Interesting Facts and Statistics About Title Loans in Speed, North Carolina

  • In 2018, North Carolinians took out over 1.2 million title loans.
  • The average interest rate on a title loan in North Carolina is 20%.
  • One in five borrowers loses their vehicle to repossession due to title loan default.

Apply Now with TheGuaranteedLoans

If you’re interested in a title loan in Speed, North Carolina, TheGuaranteedLoans can help. As a connector service, we facilitate connections between borrowers and potential lenders to help you find the best loan option for your needs. Our online application process is fast, easy, and secure. Fill out an application on our website today and get started on your journey to financial stability.

Title Loans Available in Speed, NC By The Following ZIP Codes:

27881

Speed, NC title loan calculator

Frequently Asked Questions About Car Title Loans in Speed, North Carolina

How much will I have to pay in interest on a title loan in Speed, North Carolina?

The amount of interest that you will have to pay on a title loan in Speed, North Carolina will depend on the lender, the loan amount, and the repayment period.

Can I get a title loan in Speed, North Carolina if I am a member of the military?

Yes, members of the military are eligible for title loans in Speed, North Carolina. However, certain federal laws may apply that limit the interest rates and fees that lenders can charge on these loans.