Title Loans in State Road, North Carolina

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

Company nameAddressZip codePhone number
PNC Bank 1200 Washington St, Williamston, NC 27892 +1 (252) 799 - 2600
Cash America Pawn 1304 E Franklin Blvd, Gastonia, NC 28054 +1 (704) 867 - 1504
Cape Fear Farm Credit 1902 N Cedar St, Lumberton, NC 28358 +1 (910) 738 - 8181
Mitchell Credit Company, Inc. 155 Oak Ave, Spruce Pine, NC 28777 +1 (828) 765 - 9436
Professional Financial Services 7 Glenn Bridge Rd F, Arden, NC 28704 +1 (828) 681 - 0026
BB&T 501 W Thurman Rd, New Bern, NC 28562 +1 (252) 633 - 4045
Suntrust Mortgage 101 E Market St, Hertford, NC 27944 +1 (252) 426 - 2200
NC Farm Bureau Insurance 151 Crossover Rd, Beulaville, NC 28518 +1 (910) 298 - 8400
Homestar Financial Corporation 454 E Main St 1, Sylva, NC 28779 +1 (828) 743 - 0075
Quality Finance 1701 Goldsboro St S, Wilson, NC 27893 +1 (252) 243 - 1155

Title Loan Companies in Nearby Cities

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

Title Loans in State Road, North Carolina: A Comprehensive Guide

When faced with unexpected expenses or financial emergencies, title loans can be a viable option for those with bad credit or limited access to traditional loans. In the state of North Carolina, title loans are legal and popular. This comprehensive guide will provide an overview of title loans in State Road, North Carolina, and help you make an informed decision about whether a title loan is right for you.

What are Title Loans?

A title loan is a type of secured loan where the borrower uses their vehicle as collateral for the loan. The borrower surrenders the title of their vehicle to the lender as collateral for the loan, and the lender holds onto the title until the loan is repaid in full. In North Carolina, title loans are legal and are regulated under state law.

How do Title Loans Work in North Carolina?

In North Carolina, the maximum amount of a title loan is $2,500. The loan term cannot exceed 30 days, and the interest rate is capped at 30%. If the borrower is unable to repay the loan on time, the lender can take possession of the vehicle and sell it to recoup their losses. Additionally, North Carolina law requires lenders to disclose all fees and terms of the loan before the borrower signs the loan agreement.

What are the Pros and Cons of Title Loans?

While title loans can be a viable option for those in need of quick cash, they also come with risks. It’s important to carefully consider the pros and cons before deciding whether a title loan is right for you.

Pros:

  • Easy access to cash for those with bad credit or limited access to traditional loans
  • Quick approval process
  • No credit check
  • Flexible repayment terms

Cons:

  • High interest rates
  • Short repayment terms
  • Risk of losing your vehicle if you cannot repay the loan
  • Potential for predatory lending practices

Facts and Statistics about Title Loans in State Road, North Carolina

According to the North Carolina Attorney General’s Office, over 19,000 title loans were taken out in North Carolina in 2019, with an average loan amount of $1,045. The majority of borrowers (78%) were between the ages of 25 and 54, and most title loan borrowers were repeat customers. When considering a title loan in State Road, North Carolina, it’s important to remember that the risks associated with title loans are real.

Apply Now for a Title Loan in State Road, North Carolina

If you’re interested in applying for a title loan in State Road, North Carolina, TheGuaranteedLoans can help. As a connector service, we can connect you with potential lenders who may be able to offer you a title loan. To apply, simply fill out our easy online application form. We pride ourselves on connecting borrowers with trusted lenders who work to provide fair and transparent loans. Remember, a title loan is a serious financial decision, and it’s important to carefully consider your options before making a decision.

Final Thoughts

A title loan in State Road, North Carolina can be a viable option in times of financial emergency. However, it’s important to carefully consider the risks associated with title loans before making a decision. With careful research and consideration, a title loan can be a useful financial tool for those in need of quick cash.

State Road, NC title loan calculator

Frequently Asked Questions About Car Title Loans in State Road, North Carolina

Can I get a title loan in State Road, North Carolina if I have filed for bankruptcy?

Yes, borrowers who have filed for bankruptcy can still qualify for a title loan in State Road, North Carolina, as long as they have a clear and valid title to their vehicle.

Can I get a title loan in State Road, North Carolina if my vehicle is not fully paid off?

Yes, borrowers can still qualify for a title loan in State Road, North Carolina if their vehicle is not fully paid off, as long as they have enough equity in the vehicle to secure the loan.