Title Loans in Butler, Ohio

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No title loan companies in Butler, OH. Consider companies in other cities:

Company nameAddressZip codePhone number
Exceptional Motorcar 20891 County Rd 424, Defiance, OH 43512 +1 (419) 782 - 0607
KeyBank 520 Polaris Pkwy, Westerville, OH 43082 +1 (614) 818 - 4044
Fremont Federal Credit Union 1027 E McPherson Hwy, Clyde, OH 43410 +1 (419) 547 - 2348
Ross County Banking Center 222 E Main St, Chillicothe, OH 45601 +1 (740) 774 - 4444
Woodforest National Bank 2825 Progress Way, Wilmington, OH 45177 +1 (937) 382 - 8652
Richwood Bank 1512 W William St, Delaware, OH 43015 +1 (740) 943 - 2317
CHICAGO TITLE AGENCY 60 N Chestnut St, Jefferson, OH 44047 +1 (440) 576 - 8045
AgCredit 97 Houpt Dr, Upper Sandusky, OH 43351 +1 (419) 294 - 4933
National Cash Advance 5098-C, Glencrossing Way, Cincinnati, OH 45238 +1 (513) 347 - 9555
Peoples Bank 556 Wheeling Ave, Cambridge, OH 43725 +1 (740) 439 - 0831

Title Loan Companies in Nearby Cities

If there are no title loan companies in Butler, OH, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Mentor, OH, Car Title Loans in Middletown, OH, Title Loans in Newark, OH, Car Title Loans in North Olmsted, OH, Title Loans in North Ridgeville, OH, Car Title Loans in North Royalton, OH, Car Title Loans in Reynoldsburg, OH and Title Loans in Springfield, OH. 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 Butler, OH.

Title Loans in Butler, Ohio: A Comprehensive Guide

If you’re a resident of Butler, Ohio, and you need quick cash, you may be considering a title loan. Title loans are a popular option among borrowers because they provide fast access to cash without a lengthy application process. However, before you decide to take out a title loan, it’s important to understand what it is and how it works.

What is a title loan?

A title loan is a type of secured loan that allows borrowers to use their vehicle as collateral. To take out a title loan, you must own a vehicle outright or have substantial equity in it. The lender will hold the vehicle’s title as collateral until the loan is repaid.

When you take out a title loan, you’ll typically receive a percentage of your vehicle’s appraised value in cash. The amount you can borrow will vary depending on the lender and the value of your vehicle.

One of the benefits of a title loan is that you can usually get the money you need quickly. Many lenders offer same-day or next-day funding, making it a popular option for borrowers who need fast cash.

How do title loans work in Ohio?

In Ohio, title loans are legal and regulated by the Ohio Division of Financial Institutions. Ohio has some of the strongest title loan regulations in the country.

According to Ohio law, title loans can have a maximum term of one year, and the maximum amount you can borrow is $25,000. The interest rate on a title loan cannot exceed 30% per year for loans of up to $5,000, or 25% per year for loans between $5,000 and $25,000.

There are also restrictions on how much lenders can charge for late fees and other fees associated with the loan. For more information on Ohio’s title loan regulations, visit the Ohio Department of Commerce’s website.

What are the pros and cons of title loans?

Like any financial product, title loans have both advantages and disadvantages. Here are a few things to consider:

Pros:

  • Quick access to cash
  • No credit check required
  • You can keep your car while you repay the loan

Cons:

  • High interest rates and fees
  • You risk losing your car if you can’t repay the loan
  • Some lenders may engage in predatory practices

Before you take out a title loan, it’s important to weigh the pros and cons carefully and make an informed decision.

Apply Now

If you’ve decided that a title loan is the right choice for you, TheGuaranteedLoans can connect you with potential lenders who offer title loans in Butler, Ohio. Fill out our online application now to get started.

Remember, TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of reputable lenders to help you find the best loan options to meet your needs.

Interesting Facts and Statistics about Title Loans in Butler, Ohio

  • Ohio has some of the strongest title loan regulations in the country, with limits on interest rates and maximum loan amounts.
  • According to a study by the Center for Responsible Lending, Ohio has some of the highest title loan interest rates in the country, with some lenders charging as much as 300% APR.
  • In 2019, the Ohio Supreme Court ruled that a title loan company that charged a borrower nearly 400% APR had violated state law.

It’s important to do your research and choose a reputable lender when taking out a title loan in Butler, Ohio.

Beautiful sights of Butler, OH

Title Loans Available in Butler, OH By The Following ZIP Codes:

44822

Butler, OH title loan calculator

Frequently Asked Questions About Car Title Loans in Butler, Ohio

How do I repay a title loan in Butler, Ohio?

Repayment of a title loan in Butler, Ohio typically involves making regular payments to the lender over a set period of time. The exact repayment terms will be outlined in your loan agreement, and may include a fixed monthly payment amount and a set number of payments.

Can I refinance a title loan in Butler, Ohio?

Yes, you can refinance a title loan in Butler, Ohio if you are unable to make your regular payments or if you want to change the terms of your loan. To refinance your title loan, you will need to apply for a new loan with a different lender.