Title Loans in Lockbourne, Ohio

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

Company nameAddressZip codePhone number
Citizens National Bank 1199 Westwood Dr, Van Wert, OH 45891 +1 (419) 238 - 1080
First Title Agency Inc 1900 W Stanfield Rd, Troy, OH 45373 +1 (800) 334 - 4019
Advance America 1698 S Raccoon Rd UNIT 7, Youngstown, OH 44515 +1 (330) 270 - 3583
Chase Bank 141 E High Ave, New Philadelphia, OH 44663 +1 (330) 364 - 7242
Southwest Funding 1100 Brandywine Blvd Building A, Zanesville, OH 43701 +1 (740) 868 - 6410
Check Into Cash 1233 S Main St B, Bryan, OH 43506 +1 (419) 630 - 0033
CheckSmart 234 Pike St, Marietta, OH 45750 +1 (740) 374 - 6005
Chase Bank 801 Defiance St, Wapakoneta, OH 45895 +1 (419) 739 - 3670
Huntington Bank 1200 Mt Vernon Ave, Marion, OH 43302 +1 (740) 389 - 5471
GNB Ansonia Banking Center 100 S Main St, Ansonia, OH 45303 +1 (937) 337 - 3151

Title Loan Companies in Nearby Cities

If there are no title loan companies in Lockbourne, OH, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Canton, OH, Title Loans in Cincinnati, OH, Title Loans in Cleveland, OH, Car Title Loans in Columbus, OH, Title Loans in Cuyahoga Falls, OH, Title Loans in Dayton, OH, Title Loans in Delaware, OH and Car Title Loans in Dublin, 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 Lockbourne, OH.

Title Loans in Lockbourne, Ohio: Understanding the Basics

If you need quick cash in Lockbourne, Ohio, title loans can offer a solution. However, before you consider taking out a title loan, it’s essential to understand the basics. In this article, we’ll explain what title loans are, how they work in Ohio, and what you should know before making a decision.

What Are Title Loans?

Title loans are a form of short-term lending that uses your vehicle as collateral. You give the lender your vehicle’s title, and they lend you money based on the vehicle’s value. The amount you can borrow depends on the lender and your vehicle’s worth. Typically, lenders offer between 25% and 50% of the car’s value.

How Do Title Loans Work in Ohio?

Title loans are legal and popular in Ohio. The Ohio Title Loan Act governs title loans in the state. The law requires that lenders be licensed, disclose all fees and interest rates, and provide clear information about the loan’s terms and conditions. Additionally, the loan term must be at least 31 days, and you have the right to renew the loan up to six times.

What Are the Benefits of Title Loans?

The main benefit of title loans is that they provide quick cash for those who need it. Additionally, the loan process is typically straightforward and can be completed in a short amount of time. Moreover, credit scores are not a significant factor since the loan is secured by the vehicle’s title, not your credit history.

What Are the Risks of Title Loans?

Title loans also come with risks. If you are unable to pay back the loan within the agreed-upon timeframe, the lender can repossess your vehicle. Additionally, title loans tend to have high-interest rates and fees, which can make the loan expensive in the long run. Therefore, it’s crucial to ensure you have the ability to repay the loan before taking one out.

Interesting Facts and Statistics About Title Loans in Lockbourne, Ohio

– The average title loan in Ohio is around $1,000.
– Ohio title lenders charge an average interest rate of 25% per month.
– The Ohio Title Loan Act requires lenders to charge interest rates that are less than 30% per year.

Applying for a Title Loan in Lockbourne, Ohio

If you’ve decided that a title loan is the best choice for you, we can help. At TheGuaranteedLoans, we provide a connector service that links borrowers with potential lenders. Fill out an online application today, and we’ll work to find you a title loan that meets your needs. Remember, we’re not a direct lender, and we’ll facilitate the connection between you and potential lenders.

The Bottom Line

Title loans are legal and popular in Ohio, and they can offer quick cash to those who need it. They come with risks, so it’s essential to evaluate your financial situation and ensure you can pay back the loan before taking one out. If you need assistance, TheGuaranteedLoans can help you find a title loan that works for you.

Beautiful sights of Lockbourne, OH

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

43137

Lockbourne, OH title loan calculator

Frequently Asked Questions About Car Title Loans in Lockbourne, Ohio

Can I get a title loan in Lockbourne, Ohio if I'm still making payments on my vehicle?

Yes, borrowers can still qualify for a title loan in Lockbourne, Ohio if they are still making payments on their vehicle, as long as they have enough equity in the vehicle to secure the loan.

Can I get a title loan in Lockbourne, Ohio if I'm self-employed?

Yes, borrowers who are self-employed can still qualify for a title loan in Lockbourne, Ohio by providing proof of income through tax returns or financial statements.