Title Loans in Torrance, Pennsylvania

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

Company nameAddressZip codePhone number
BB&T Mortgage 420 Main St, Oley, PA 19547
AG Choice Farm Credit 110 Sterling Pkwy, Mechanicsburg, PA 17050 +1 (717) 796 - 9372
Huntingdon Savings Bank 423 Penn St, Huntingdon, PA 16652 +1 (814) 643 - 0544
Howard Hanna Allegheny Valley 2400 Leechburg Rd, New Kensington, PA 15068 +1 (724) 339 - 4000
ARC Federal Credit Union 419 N 7th St, Altoona, PA 16601 +1 (814) 296 - 2455
Univest Bank and Trust Co. 790 PA-113, Souderton, PA 18964 +1 (215) 721 - 2471
Wells Fargo Home Mortgage 3 Landmark Center, East Stroudsburg, PA 18301 +1 (570) 424 - 4100
Clearview Federal Credit Union 6750 Hollywood Boulevard Hollywood, Plaza 450, Delmont, PA 15626 +1 (724) 468 - 6811
webuyanycar.com 1070 W High St, Pottstown, PA 19464 +1 (484) 948 - 1592
PennCrest Bank 117 Chestnut St, Gallitzin, PA 16641 +1 (814) 886 - 4112

Title Loan Companies in Nearby Cities

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

Title Loans in Torrance, Pennsylvania

Are you in need of quick cash for unexpected expenses? Consider a title loan in Torrance, Pennsylvania. Title loans are legal and popular in Pennsylvania, providing borrowers with a fast and easy way to access the funds they need.

What is a Title Loan?

A title loan is a secured loan that uses the borrower’s vehicle as collateral. The amount of the loan is based on the value of the vehicle, typically between 25% and 50% of the vehicle’s worth. The lender holds the title of the vehicle until the loan is fully repaid.

How to Get a Title Loan in Torrance, Pennsylvania?

Getting a title loan in Torrance, Pennsylvania is a relatively straightforward process. The borrower fills out an application with the lender, provides proof of ownership of the vehicle, and agrees to the loan’s terms and interest rates. The lender then evaluates the vehicle’s value and makes an offer.

Based on the offer, the borrower can choose whether to accept the loan or reject it. If the borrower accepts the loan, they will sign a contract outlining the terms and repayment schedule. The lender will hold onto the vehicle’s title until the loan is fully repaid.

Benefits of Title Loans in Torrance, Pennsylvania

  • Quick and easy access to cash
  • No credit check required
  • Flexible repayment terms available
  • The borrower can continue to use their vehicle during the loan period

Interest Rates and Fees for Title Loans in Torrance, Pennsylvania

Interest rates and fees for title loans in Torrance, Pennsylvania vary depending on the lender and the loan’s terms. However, Pennsylvania law limits the interest rate to 25% per year for loans below $1,500 and 18% per year plus a $75 administrative fee for loans above $1,500.

Interesting Facts and Statistics about Title Loans in Torrance, Pennsylvania

  • According to the Consumer Financial Protection Bureau, approximately 20% of title loan borrowers have their vehicles seized by the lenders due to failure to repay.
  • The average title loan in Pennsylvania is $1,200.
  • In 2020, the title loan industry in Pennsylvania lent an estimated $1.5 billion to borrowers.

Apply Now for a Title Loan in Torrance, Pennsylvania

If you need quick cash and have a vehicle, consider applying for a title loan in Torrance, Pennsylvania. TheGuaranteedLoans is a connector service that can help connect you with lenders in your area. Simply fill out our online application to get started. Remember, TheGuaranteedLoans is not a direct lender and will only facilitate your connection with potential lenders.

Don’t let unexpected expenses catch you off guard. Apply now for a title loan and get the cash you need today!

Torrance, PA title loan calculator

Frequently Asked Questions About Car Title Loans in Torrance, Pennsylvania

What is the interest rate on a title loan in Torrance, Pennsylvania?

The interest rate on a title loan in Torrance, Pennsylvania is determined by the lender and is based on the borrower's creditworthiness and the value of their vehicle. Lenders are required to follow the Pennsylvania Finance Code, which sets a maximum interest rate of 10% per month for title loans.

Can I get a title loan if I have bad credit?

Yes, you can get a title loan if you have bad credit. Title loans are typically easier to qualify for than traditional loans because they are secured by the borrower's vehicle, which means that the lender has less risk if the borrower defaults on the loan. However, having bad credit may still affect the loan terms and interest rate that the borrower is offered.