Title Loans in Stovall, North Carolina

Title Loans in Stovall, North Carolina

Do you need cash today? Have you considered getting a title loan? Title loans are legal and popular in Stovall, North Carolina. With a title loan, you can use your car’s title as collateral to secure a loan. This means you can get access to fast cash without going through the hassle of a traditional bank loan. Keep reading to learn more about title loans in Stovall.

How Do Title Loans Work?

With a title loan, you can use your car’s title as collateral to secure a loan. The amount you can borrow depends on the value of your car. Typically, you can borrow up to the value of your car, but some lenders may offer more or less depending on their policies.

The lender will hold onto your car’s title for the duration of the loan, which is usually 30 days. During this time, you will make payments to the lender. If you fail to make your payments, the lender can repossess your car.

Are Title Loans Legal in Stovall, North Carolina?

Yes, title loans are legal in Stovall, North Carolina. However, lenders must be licensed by the North Carolina Attorney General’s Office and comply with state regulations.

North Carolina law caps interest rates for title loans at 30%. Additionally, lenders cannot charge more than 15% of the loan amount in fees.

Why Choose a Title Loan?

There are several reasons why you might choose a title loan over other types of loans:

• You need cash quickly
• You have bad credit and cannot get a traditional loan
• You do not want to go through the hassle of a traditional loan application process
• You need a small amount of cash

With a title loan, you can get access to fast cash without going through the hassle of a traditional bank loan. Additionally, your credit score is not a factor in your ability to get a title loan.

Apply Now

If you need cash today, consider applying for a title loan through TheGuaranteedLoans. We are a connector service that can connect you with potential lenders in Stovall, North Carolina.

It is important to remember that TheGuaranteedLoans is not a direct lender. We are a connector service that can facilitate your connection with potential lenders. When you fill out an online application on our website, we will match you with potential lenders that meet your needs. From there, you can choose the lender that best fits your situation.

Applying for a title loan through TheGuaranteedLoans is easy. Simply fill out our online application and we will match you with potential lenders in Stovall. Once you are connected with a lender, you can discuss the details of your loan and decide if it is the right option for you.

Interesting Facts and Statistics

• According to a 2019 study by The Pew Charitable Trusts, the average title loan borrower in North Carolina takes out eight loans per year, with an average loan amount of $1,042.
• The same study found that the majority of title loan borrowers in North Carolina are female and live in households with income of less than $25,000 per year.
• In 2018, the North Carolina Attorney General’s Office received 56 complaints about title loans. Common complaints included high interest rates and fees, aggressive collection techniques, and unauthorized withdrawals from bank accounts.

Conclusion

Title loans can be a good option if you need access to fast cash and cannot get a traditional bank loan. However, it is important to be aware of the risks and regulations associated with title loans. Before taking out a title loan, make sure you understand the terms of the loan and your responsibilities as a borrower.

If you are interested in getting a title loan in Stovall, North Carolina, consider applying through TheGuaranteedLoans. Our connector service can match you with potential lenders that meet your needs.