Title Loans in Procious, West Virginia

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No title loan companies in Procious, WV. Consider companies in other cities:

Company nameAddressZip codePhone number
M&T Bank 23 Presidents St Route 28, Fort Ashby, WV 26719 +1 (304) 298 - 3676
Summit Community Bank 910 Clay St, Rupert, WV 25984 +1 (304) 392 - 6314
BB&T 1815 Edwin Miller Blvd, Martinsburg, WV 25404 +1 (304) 263 - 8841
Mitchell Chevrolet, Inc. 400 8th St, Marlinton, WV 24954 +1 (304) 799 - 6388
Title First Agency 1100 9th St suite c, Vienna, WV 26105 +1 (304) 834 - 3969
Community Bank of Parkersburg 1620 Blizzard Dr, Parkersburg, WV 26101 +1 (304) 422 - 7360
Chessie Federal Credit Union 1015 Florida Ave, Keyser, WV 26726 +1 (304) 788 - 0161
Capon Valley Bank 2 W Main St, Wardensville, WV 26851 +1 (304) 874 - 3531
Premier Bank Inc. 700 Elk St, Gassaway, WV 26624 +1 (304) 364 - 5138
Logan Bank and Trust 46 Tracy Vickers Ave, Chapmanville, WV 25508 +1 (304) 855 - 7000

Title Loan Companies in Nearby Cities

If there are no title loan companies in Procious, WV, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Charleston, WV, Title Loans in Huntington, WV, Car Title Loans in Morgantown, WV and Car Title Loans in Parkersburg, WV. 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 Procious, WV.

Understanding Title Loans in Procious, West Virginia

Are you experiencing a cash crunch and considering taking out a title loan in Procious, West Virginia? Title loans are a popular way to get access to quick cash when you need it most. However, before you head to a lender, it is essential to understand the ins and outs of title loans to make an informed decision.

What are Title Loans?

A title loan is a type of secured loan where the borrower uses their vehicle title as collateral. In other words, you provide the lender with the title of your car in exchange for a loan. The loan amount is typically a percentage of the car’s resale value. Once you pay the loan back with interest, you get your title back.

Are Title Loans Legal in Procious, West Virginia?

Yes, unlike some other states, title loans are legal and regulated in West Virginia. However, the state has put strict guidelines in place to protect consumers from predatory lending practices. The West Virginia Division of Financial Institutions regulates title loans to ensure lenders comply with the state’s regulations, including limits on interest rates and loan amounts.

How to Qualify for a Title Loan

To qualify for a title loan in Procious, West Virginia, you need to meet the following requirements:

  • You must be at least 18 years old.
  • You must own the vehicle outright and have a clear title, meaning there are no liens against it.
  • You must have proof of income to show that you can repay the loan.
  • You must have a government-issued ID.

If you meet these requirements, you can apply for a title loan online or in person at a local lender’s office.

Interest Rates and Fees

West Virginia law limits the interest rate that lenders can charge on title loans to 18% per year. However, some lenders may still charge additional fees, so it’s essential to read the loan agreement carefully to understand what fees you will be responsible for paying. Make sure you can afford to repay the loan, including interest and fees, before signing on the dotted line.

The Risks of Title Loans

While title loans can be a quick and easy way to get cash, they come with risks too. Since you’re using your car as collateral, you risk losing your vehicle if you can’t repay the loan. In addition, if you default on the loan, the lender can repossess your car without prior notice, which can lead to additional financial challenges. Before taking out a title loan, make sure you understand the terms and risks involved.

Interesting Facts and Statistics About Title Loans in Procious, West Virginia

– As of 2021, there were 13 title loan locations in the state of West Virginia

– Title loans have an average interest rate of 25% per month and an average term of 30 days

– The average title loan amount in West Virginia is $900

– According to a Pew Charitable Trusts study, 1 in 5 borrowers defaulted on their title loan, and over one-third of borrowers had their car repossessed by the lender

Apply Now with TheGuaranteedLoans

If you’re considering a title loan in Procious, West Virginia, TheGuaranteedLoans can help connect you with a potential lender. We’re a connector service, not a direct lender, so we work with a network of trusted lenders to find the best loan option for your needs and budget. Best of all, our application process is fast and easy, so you can get the cash you need quickly. Apply now on our website to get started.

Title Loans Available in Procious, WV By The Following ZIP Codes:

25164

Procious, WV title loan calculator

Frequently Asked Questions About Car Title Loans in Procious, West Virginia

Can I get a title loan if my vehicle is not fully paid off in Procious, West Virginia?

In most cases, you cannot get a title loan on a vehicle that is not fully paid off in Procious, West Virginia. However, some lenders may offer loans to borrowers who have a lien on their title, as long as the lienholder is willing to sign off on the loan.

Can I get a title loan on a motorcycle or other non-car vehicle in Procious, West Virginia?

Yes, you can get a title loan on a motorcycle or other non-car vehicle in Procious, West Virginia, as long as the vehicle has a clear title and is registered in the state.

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