Title Loans in Springville, Pennsylvania

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No title loan companies in Springville, PA. Consider companies in other cities:

Company nameAddressZip codePhone number
KeyBank 801 State St, Erie, PA 16501 +1 (814) 871 - 1822
Pride Abstract Settlement Services 237 S Main St, Coopersburg, PA 18036 +1 (484) 863 - 9015
American Heritage Credit Union 2716 South St, Philadelphia, PA 19146 +1 (267) 668 - 8386
Quaint Oak Insurance Village Square Shopping, 4275 County Line Rd Suite 14, Chalfont, PA 18914 +1 (215) 345 - 0962
Northwest Consumer Discount Company 78 E High St, Waynesburg, PA 15370 +1 (724) 852 - 1234
ATM M&t Bank 102 School Dr, Waynesburg, PA 15370
Firstrust Bank 261 Old York Rd, Jenkintown, PA 19046 +1 (215) 886 - 0100
United Bank 113 Penn St, Point Marion, PA 15474 +1 (724) 725 - 5224
First National Bank 3539 Washington Rd, Canonsburg, PA 15317 +1 (724) 941 - 4710
Peoples Security Bank & Trust Company ATM 494 N Gravel Pond Rd, Clarks Summit, PA 18411 +1 (888) 868 - 3858

Title Loan Companies in Nearby Cities

If there are no title loan companies in Springville, PA, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in Pittsburgh, PA, Car Title Loans in Reading, PA, Car Title Loans in Scranton, PA, Car Title Loans in State College, PA, Car Title Loans in Upper Darby, PA, Car Title Loans in Warminster, PA, Car Title Loans in Wilkes-Barre, PA and Car Title Loans in York, PA. 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 Springville, PA.

Understanding Title Loans in Springville, Pennsylvania

If you find yourself in need of some extra money and you own a car, a title loan may be a viable option to consider. Title loans have become a popular way for borrowers to obtain quick cash while using their vehicle as collateral. This type of loan is legal in Pennsylvania and can provide fast funding for those who need it. However, it’s important to understand the terms, fees, and potential risks associated with title loans before you make a decision. This article will explore everything you need to know about title loans in Springville, Pennsylvania.

What is a Title Loan?

A title loan is a type of secured loan where a borrower uses their vehicle as collateral to borrow money. In exchange for the loan, the lender holds the title to the vehicle until the loan is repaid. If the borrower is unable to repay the loan, the lender can repossess the vehicle and sell it to recoup their losses.

How Do Title Loans Work in Pennsylvania?

In Pennsylvania, title loans are legal and regulated by the state. The lender must be licensed and follow certain rules and regulations. Borrowers can typically borrow up to 50% of the appraised value of their vehicle, although some lenders may offer higher amounts. The loan term is usually 30 days, but it can be extended if the borrower pays the interest and fees.

What Are the Requirements for a Title Loan?

To qualify for a title loan in Pennsylvania, the borrower must:

  • Be at least 18 years old
  • Own a vehicle with a lien-free title
  • Show proof of income and residency
  • Have a valid government-issued ID

The lender may also require a car inspection and proof of insurance.

What Are the Fees and Interest Rates for Title Loans in Pennsylvania?

As with all loans, title loans come with fees and interest rates that can vary depending on the lender. In Pennsylvania, title loan fees are capped at 25% of the principal loan amount for the first $1,000 borrowed and 15% for any amount over $1,000. The interest rate cannot exceed 18% per year.

What Are the Risks of Title Loans?

Title loans can be risky for borrowers who are unable to repay them. If the loan is not repaid, the lender can repossess the vehicle and sell it to recoup their losses. Additionally, the fees and interest rates associated with title loans can be high, which can make them difficult to repay. Borrowers should carefully consider their ability to repay the loan before taking out a title loan.

Interesting Facts and Statistics About Title Loans in Springville, Pennsylvania

– In Pennsylvania, the average title loan amount is $1,000
– The number of title loans in Pennsylvania has increased by 21% in the last 10 years
– The average interest rate for a title loan in Pennsylvania is 16%
– In Pennsylvania, title loan fees are capped at 25% for the first $1,000 borrowed and 15% for any amount over $1,000

Apply Now for a Title Loan in Springville, Pennsylvania

If you need a title loan in Springville, Pennsylvania, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is fast and easy, and we work with a network of trusted lenders that can provide competitive rates and flexible terms. Keep in mind that TheGuaranteedLoans is not a direct lender, but a connector service that helps borrowers find lenders that meet their needs. Apply now to get started.

Title Loans Available in Springville, PA By The Following ZIP Codes:

18844

Springville, PA title loan calculator

Frequently Asked Questions About Car Title Loans in Springville, Pennsylvania

Can I get a title loan in Springville, Pennsylvania without a bank account?

It may be possible to get a title loan in Springville, Pennsylvania without a bank account, but it will depend on the lender's policies. Some lenders may require you to have a bank account, while others may offer alternative ways to receive and repay the loan.

Can I get a title loan in Springville, Pennsylvania on a leased car?

It is generally not possible to get a title loan in Springville, Pennsylvania on a leased car, as the borrower does not own the vehicle outright. In most cases, the lender will require the borrower to own the vehicle in order to qualify for a title loan.