Title Loans in Banco, Virginia

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No title loan companies in Banco, VA. Consider companies in other cities:

Company nameAddressZip codePhone number
ValleyStar Credit Union 212 Holt Garrison Pkwy, Danville, VA 24540 +1 (800) 475 - 6328
SunTrust 7171 George Washington Memorial Hwy, Gloucester, VA 23061 +1 (804) 792 - 6062
BB&T 35 Campbell Hwy, Rustburg, VA 24588 +1 (434) 332 - 5153
Urban Bad Credit Loan 605 University Blvd, Harrisonburg, VA 22801 +1 (540) 554 - 6834
TitleMax Title Loans 1044 W Mercury Blvd, Hampton, VA 23666 +1 (757) 827 - 0725
BB&T 760 Warrenton Rd, Fredericksburg, VA 22406 +1 (540) 899 - 3882
Best Choice Car Title Loans 125 Lucy Ln, Waynesboro, VA 22980 +1 (540) 205 - 8864
TitleMax Title Loans 6410 Richmond Hwy, Alexandria, VA 22306 +1 (703) 293 - 4898
ACE Cash Express 6040 E Virginia Beach Blvd, Norfolk, VA 23502 +1 (757) 459 - 2411
Danny's 154 Kinter Way, Pearisburg, VA 24134 +1 (540) 922 - 8048

Title Loan Companies in Nearby Cities

If there are no title loan companies in Banco, VA, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Charlottesville, VA, Title Loans in Chesapeake, VA, Car Title Loans in Danville, VA, Car Title Loans in Hampton, VA, Car Title Loans in Harrisonburg, VA, Title Loans in Leesburg, VA, Title Loans in Lynchburg, VA and Car Title Loans in Manassas, VA. 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 Banco, VA.

Title Loans in Banco, Virginia: What You Need to Know

If you’re in need of quick cash and have bad credit, you may be considering a title loan. However, title loans are not popular in Virginia due to strict regulations. Here’s what you need to know about title loans in Banco, Virginia.

What Are Title Loans?

Title loans are a type of secured loan that uses a borrower’s vehicle as collateral. The amount of the loan is based on the value of the vehicle and the borrower’s ability to repay the loan. If the borrower defaults on the loan, the lender can take possession of the vehicle.

Regulations in Virginia

Title loans are legal in Virginia, but the state has strict regulations on interest rates and loan amounts. The interest rate for title loans in Virginia is capped at 264% APR. The loan amount cannot exceed 50% of the value of the vehicle. Additionally, title lenders are required to be licensed and bonded in the state.

Alternatives to Title Loans

Due to the high interest rates and risk of repossession, title loans are not recommended as a first option for borrowing money. There are alternative options available including:

  • Personal loans
  • Credit card cash advances
  • Payday alternative loans
  • Community assistance programs

Interesting Facts about Title Loans in Banco, Virginia

  • According to the Virginia State Corporation Commission, there were no title loan companies licensed in Banco as of 2021.
  • Virginia has one of the lowest average title loan amounts in the country, at just $1,293.
  • A study by the Pew Charitable Trusts found that the average title loan borrower in Virginia renews their loan eight times, paying an average of $2,278 in interest for a $1,000 loan.

Apply Now

If you’re in need of a loan in Banco, Virginia, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application and we’ll match you with lenders who may be able to meet your borrowing needs. Please note that TheGuaranteedLoans is a connector service, not a direct lender, and that loan terms and conditions will vary by lender.

Get started today and find the loan option that’s right for you!

Beautiful sights of Banco, VA

Banco, VA title loan calculator

Frequently Asked Questions About Car Title Loans in Banco, Virginia

Are title loans legal in Banco, Virginia?

Yes, title loans are legal in Banco, Virginia, as long as they comply with state regulations.

How much money can I borrow with a title loan in Banco, Virginia?

The amount that can be borrowed with a title loan in Banco, Virginia varies depending on the lender and the value of the vehicle being used as collateral. However, the maximum amount that can be borrowed is typically around 25% of the vehicle's value.