Title Loans in Mitchells, Virginia

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

Company nameAddressZip codePhone number
Loanmax Title Loans 1190 E Main St, Wytheville, VA 24382 +1 (276) 227 - 0330
TitleMax Title Loans 1391 Armory Dr, Franklin, VA 23851 +1 (757) 304 - 3188
Regional Finance 7225 Bell Creek Rd Suite 268, Mechanicsville, VA 23111 +1 (804) 789 - 6060
BB&T 899 Gloucester Rd, Saluda, VA 23149 +1 (804) 758 - 9161
First Bank 3474 Rosney Rd, Dillwyn, VA 23936 +1 (434) 983 - 2021
TitleMax Title Loans 3133 Western Branch Blvd, Chesapeake, VA 23321 +1 (757) 484 - 2904
BB&T 100 McLaws Cir, Williamsburg, VA 23185 +1 (757) 564 - 8700
Lee Bank & Trust Co 32739 Main St, Jonesville, VA 24263 +1 (276) 546 - 2211
SunTrust 21486 Timberlake Rd, Lynchburg, VA 24502 +1 (434) 209 - 6136
BB&T 2324 George Washington Memorial Hwy, Hayes, VA 23072 +1 (804) 684 - 0611

Title Loan Companies in Nearby Cities

If there are no title loan companies in Mitchells, VA, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Norfolk, VA, Car Title Loans in Oakton, VA, Title Loans in Petersburg, VA, Title Loans in Portsmouth, VA, Car Title Loans in Reston, VA, Title Loans in Richmond, VA, Car Title Loans in Roanoke, VA and Title Loans in Springfield, 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 Mitchells, VA.

Title Loans in Mitchells, Virginia: A Comprehensive Guide

If you’re in need of quick cash, title loans might be a viable option. Title loans are a type of secured loan where borrowers can use their vehicle’s title as collateral. Although title loans may not be as popular in Virginia as they are in other states, Mitchells, Virginia has several title loan options for those in need.

How do title loans work?

When you apply for a title loan, the lender will assess the value of your vehicle and determine how much you can borrow. This amount can vary based on the make and model of your vehicle, as well as its condition. Once you agree on the loan amount, you’ll sign over your vehicle’s title to the lender as collateral. In return, the lender will provide you with the cash you need.

It’s important to note that title loans can have high interest rates and fees. In Virginia, title loan lenders can charge up to 22% per month on loans up to $700 and 18% per month on the amount over $700. Additionally, lenders can add a lien fee, administrative fee, and repossession fee to the loan.

What are the requirements for a title loan in Mitchells, Virginia?

While requirements may vary between lenders, there are several standard requirements you’ll need to meet to qualify for a title loan in Mitchells, Virginia:

  • You must be at least 18 years old
  • You must have a valid government-issued ID
  • You must have a lien-free vehicle title in your name
  • You must provide proof of income, such as a pay stub or bank statement

What are the benefits of title loans?

In addition to providing quick access to cash, title loans have other benefits:

  • No credit check: Title loans are based on the value of your vehicle, not your credit history, making them an option for those with poor credit.
  • No prepayment penalties: Some lenders allow you to pay off your title loan early without any penalties.
  • You can still drive your vehicle: While the lender holds the title as collateral, you can still use your vehicle as you normally would.

Interesting Facts and Statistics about Title Loans in Mitchells, Virginia

  • According to the Virginia Poverty Law Center, Virginia title lenders made 161,872 loans in 2020 totaling $180,490,294.
  • While title loans are not as popular in Virginia as they are in other states, Virginia has the fourth-highest rate of car repossession in the country due to unpaid title loans.
  • In 2020, the average title loan balance in Virginia was $1,115.

Apply Now

If you’re in need of fast cash in Mitchells, Virginia, TheGuaranteedLoans can help connect you with potential title loan lenders. Fill out our online application today to get started. Please note that TheGuaranteedLoans is not a direct lender and does not provide loans. We are a connector service that can connect you with potential lenders.

Mitchells, VA title loan calculator

Frequently Asked Questions About Car Title Loans in Mitchells, Virginia

Is there a limit on the number of title loans I can have in Mitchells, Virginia?

There is no limit on the number of title loans a borrower can have in Mitchells, Virginia, but it is important to carefully consider the ability to repay multiple loans before taking out additional loans.

Are there any alternatives to title loans in Mitchells, Virginia?

Yes, there are other options for borrowers in need of emergency funds in Mitchells, Virginia, such as personal loans or credit cards. It is important to compare the terms and rates of different loan products before deciding on the best option.