Title Loans in Jermyn, Texas

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No title loan companies in Jermyn, TX. Consider companies in other cities:

Company nameAddressZip codePhone number
First National Bank 307 N Brazos St, Whitney, TX 76692 +1 (254) 694 - 2209
ACE Cash Express 1146 W Dallas St, Conroe, TX 77301 +1 (936) 760 - 2274
Pbi Bank 107 E Main St, Weimar, TX 78962 +1 (979) 725 - 8058
Covington Credit 316 E Oak St, Denton, TX 76201 +1 (940) 383 - 1626
ACE Cash Express 2001 Fannin St, Houston, TX 77002 +1 (713) 654 - 8087
Check 'n Go 211 S Main St, Lumberton, TX 77657
Speedy Cash 2119 E Saunders St, Laredo, TX 78041 +1 (956) 722 - 3175
Loan Defenders 14405 Walters Rd, Houston, TX 77014 +1 (281) 781 - 8820
Discount Car Title Loan - North Laredo 4220 Santa Ursula Ave, Laredo, TX 78040 +1 (956) 608 - 3170
Discount Car Title Loan - Harlingen 1709 S 77 Sunshine Strip Unit A-1, Harlingen, TX 78550 +1 (956) 230 - 4402

Title Loan Companies in Nearby Cities

If there are no title loan companies in Jermyn, TX, you can try to find different companies in big cities nearby. Check out the following pages here: Car Title Loans in DeSoto, TX, Car Title Loans in Duncanville, TX, Title Loans in Edinburg, TX, Car Title Loans in El Paso, TX, Title Loans in Euless, TX, Car Title Loans in Farmers Branch, TX, Car Title Loans in Flower Mound, TX and Car Title Loans in Fort Worth, TX. 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 Jermyn, TX.

Title Loans in Jermyn, Texas: A Comprehensive Guide

If you live in Jermyn, Texas, and need some quick cash, you might have considered taking out a title loan. Title loans are a popular lending option, and they are legal in Texas. In this article, we’ll look at what title loans are, how they work, the benefits and drawbacks of taking out a title loan, and specific things to keep in mind when getting a title loan in Jermyn, Texas.

What are Title Loans?

A title loan is a type of loan where the borrower uses their vehicle as collateral. The lender holds onto the vehicle title until the loan is paid off. If the borrower is unable to pay back the loan, the lender can repossess the vehicle and sell it to recoup their losses.

How do Title Loans Work?

The process of getting a title loan is relatively simple. The borrower brings their vehicle and title to the lender, who assesses the value of the vehicle and offers a loan based on that value. The borrower then signs a contract agreeing to the loan terms, which usually include interest rates ranging from 30% to 300% APR, and a repayment period. The borrower then hands over the title to the lender, who holds onto it until the loan is paid back in full.

The Pros and Cons of Title Loans

  • Pros:
    • Quick access to cash
    • No credit check required
    • Your credit score won’t be affected
  • Cons:
    • High interest rates
    • The risk of losing your vehicle
    • Difficult to pay back on time

Things to Keep in Mind When Getting a Title Loan in Jermyn, Texas

When getting a title loan in Jermyn, Texas, there are a few things to keep in mind:

  • Make sure the lender is licensed: According to the Texas Office of Consumer Credit Commissioner, all title loan lenders must be licensed in the state. Double-check the lender’s license before getting a loan.
  • Know the interest rates: Interest rates for title loans in Texas can range from 30% to 300% APR. Make sure you’re aware of the interest rate before signing a contract.
  • Have a repayment plan: Make sure you have a plan for paying back the loan on time. Defaulting on a title loan can result in losing your vehicle.

Interesting Facts and Statistics About Title Loans in Jermyn, Texas

  • In 2019, title loans accounted for over $1.3 billion in total volume for Texas, making it one of the most popular loan options in the state.
  • According to a report by Texas Appleseed, a nonprofit organization working for social and economic justice, many title loan lenders in Texas engage in abusive and exploitative practices.
  • In 2017, the Texas Legislature passed a law to limit the number of times a lender can extend a title loan. This law went into effect in January 2020.

Apply Now

If you need a title loan in Jermyn, Texas, TheGuaranteedLoans can help. We are not a direct lender, but we are a connector service that can help you find potential lenders to work with. Fill out our online application today to get started. Please note that our service is free, and we do not charge any fees.

Jermyn, TX title loan calculator

Frequently Asked Questions About Car Title Loans in Jermyn, Texas

Are there any restrictions on how I can use the money from a title loan in Jermyn, Texas?

No, there are no restrictions on how you can use the money from a title loan in Jermyn, Texas. You are free to use the funds from your loan for any purpose you see fit, including paying off bills, covering unexpected expenses, or making a large purchase.

Can I get a title loan in Jermyn, Texas if I have a lien on my car?

Yes, you can still get a title loan in Jermyn, Texas even if you have a lien on your car. However, the lender may require you to pay off the lien before they will approve your loan.