Title Loans in Summit Point, West Virginia

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

Company nameAddressZip codePhone number
TIAA Financial Services 1399 Stewartstown Rd Suite 100, Morgantown, WV 26505 +1 (855) 842 - 2088
Huntington Mortgage Group 105 E Main St, Harrisville, WV 26362
Huntington Bank 215 Three Springs Dr, Weirton, WV 26062 +1 (304) 723 - 3099
Woodforest National Bank 77 Norman Morgan Blvd, Logan, WV 25601 +1 (304) 752 - 8403
WesBanco Bank 2 Wall St, Ravenswood, WV 26164 +1 (304) 273 - 9351
Pendleton Community Bank 402 S Main St, Moorefield, WV 26836 +1 (304) 538 - 7900
Davis Trust Company 227 Davis Ave, Elkins, WV 26241 +1 (304) 636 - 0991
Huntington Bank 5961 Mason-Dixon Hwy, Blacksville, WV 26521 +1 (304) 432 - 8276
Fifth Third Bank & ATM 4515 McCorkle Avenue SE, Charleston, WV 25309 +1 (304) 925 - 5322
United Bank 154 Fayette St, Morgantown, WV 26505 +1 (304) 291 - 7100

Title Loan Companies in Nearby Cities

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

Understanding Title Loans in Summit Point, West Virginia

If you are in a financial crisis and need emergency cash, title loans can provide you with a quick and easy solution. A title loan is a secured loan that uses your vehicle as collateral. Title loans in Summit Point, West Virginia, are legal and popular among residents in need of urgent financial assistance.

How Do Title Loans Work?

The process of getting a title loan is straightforward. You bring your vehicle and its title to the lender, and they will assess the value of your car. Depending on the value, the lender will offer you a loan amount and ask you to sign a contract that outlines the terms of the loan.

In West Virginia, the maximum amount you can borrow with a title loan is $2,500, and the repayment term can be between 120 days to one year. The lender will keep your car title until you pay off the loan in full. If you default on the loan, the lender has the legal right to repossess your vehicle.

Why Are Title Loans Popular in Summit Point, West Virginia?

Title loans in Summit Point, West Virginia, are a popular choice for those in urgent need of cash due to their quick processing time and easy qualification requirements. Unlike traditional bank loans, title loans do not require a credit check, which means borrowers with bad credit or no credit history can still be eligible for a loan.

In addition, title loan lenders do not inquire about the purpose of the loan, meaning you can use the money for anything you need, whether it is to pay medical bills, cover housing expenses or deal with an unexpected emergency.

The Risks of Title Loans

While title loans in Summit Point, West Virginia, can be an attractive solution for those in need of quick cash, there are significant risks to consider before applying. The high-interest rates associated with title loans can lead to a cycle of debt that is difficult to escape. If you default on the loan, the lender can repossess your vehicle, making it challenging to get to work or deal with other responsibilities.

It is important to understand the terms of the loan before signing any contracts. Make sure you are aware of the repayment period, interest rate, and the consequences of defaulting on the loan. If you choose to take out a title loan, make sure you have a plan to pay it back on time and in full.

Interesting Facts About Title Loans in Summit Point, West Virginia

  • According to recent statistics, the average title loan amount in West Virginia is $1,198.
  • Approximately 16% of West Virginians live below the poverty level, which may contribute to the popularity of title loans in the state.
  • The amount of interest charged on a title loan in West Virginia is limited to 18% per year.

Apply Now

If you need a title loan in Summit Point, West Virginia, TheGuaranteedLoans can help connect you with potential lenders. Our service provides a quick and easy way to apply for title loans from the comfort of your own home. Just fill out our online application form, and we will connect you with lenders who can offer you the cash you need. Please remember that TheGuaranteedLoans is not a direct lender; we provide a service that connects borrowers with potential lenders.

In Conclusion

Title loans can provide a quick and easy solution for those in need of emergency cash in Summit Point, West Virginia. However, it is essential to understand the risks associated with title loans and to make sure you have a plan to repay the loan on time. If you need a title loan, TheGuaranteedLoans has a service that can help you connect with potential lenders.

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

25446

Summit Point, WV title loan calculator

Frequently Asked Questions About Car Title Loans in Summit Point, West Virginia

How do I apply for a title loan in Summit Point, West Virginia?

To apply for a title loan in Summit Point, West Virginia, borrowers can visit a title loan lender's physical location or apply online. The borrower will need to provide their vehicle title, proof of income, and identification to complete the application process.

Is there a maximum interest rate for title loans in Summit Point, West Virginia?

Yes, the maximum interest rate for title loans in Summit Point, West Virginia is set at 10% per month by the Office of Consumer Credit Commissioner.

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