Title Loans in Malone, Wisconsin

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No title loan companies in Malone, WI. Consider companies in other cities:

Company nameAddressZip codePhone number
BMO Harris Bank 25 N Madison St, Evansville, WI 53536 +1 (608) 882 - 6166
MVP Bad Credit Loans 700 Veterans Ave, West Bend, WI 53090 +1 (262) 667 - 7831
Dairy State Bank E4491 County Rd C, Downsville, WI 54735 +1 (715) 664 - 8711
Check `n Go 1606 S Church St, Watertown, WI 53094 +1 (920) 261 - 2222
Wells Fargo Home Mortgage 37 N Madison St, Waupun, WI 53963 +1 (920) 324 - 7862
World Finance 830 WI-136 Ste 4 Ste 4, Baraboo, WI 53913 +1 (608) 356 - 2294
Cash Store 906 US-12 Ste 100, Baraboo, WI 53913 +1 (608) 356 - 2245
AgCountry Farm Credit Services 1207 N Central Ave, Marshfield, WI 54449 +1 (715) 387 - 3765
Check n Go 1400 N Broadway St, Menomonie, WI 54751 +1 (715) 232 - 9559
TCF Bank 110 W Holt Ave, Milwaukee, WI 53207 +1 (800) 823 - 2265

Title Loan Companies in Nearby Cities

If there are no title loan companies in Malone, WI, you can try to find different companies in big cities nearby. Check out the following pages here: Title Loans in Sun Prairie, WI, Car Title Loans in Waukesha, WI, Car Title Loans in Wausau, WI, Car Title Loans in West Bend, WI, Car Title Loans in Appleton, WI, Title Loans in Beloit, WI, Title Loans in Brookfield, WI and Car Title Loans in Eau Claire, WI. 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 Malone, WI.

Title Loans in Malone, Wisconsin – What You Need To Know

Life sometimes throws unexpected expenses our way, and if you’re in a financial bind, a title loan can be an option worth considering. Title loans are a type of secured loan that uses your vehicle’s title as collateral. This type of loan is legal and popular in Wisconsin, including in the town of Malone.

How Title Loans Work in Malone, Wisconsin

The first thing to know is that Wisconsin law regulates car title loans. The maximum loan amount is $25,000, and the maximum loan term is six months. The lender can charge up to 25% interest per month and has the right to repossess the vehicle if the borrower defaults on the loan. It’s worth noting that if the lender sells the vehicle for more than the outstanding loan amount, the borrower is entitled to any excess funds.

To get a title loan, the borrower must own a vehicle with a clear title. They must bring the title to the lender, along with proof of insurance and a photo ID. The lender will inspect the vehicle and determine its value, from which they will determine the maximum loan amount. If the borrower agrees to the loan terms, they will sign a contract and turn over the title to the lender.

If the borrower fails to pay the loan back within the agreed-upon timeframe, the lender may sell the vehicle to recover the loan amount. Before the sale, the lender must give the borrower written notice and a chance to pay the outstanding balance.

The Benefits and Risks of Title Loans

The biggest benefit of a title loan is that it can provide quick cash in an emergency. Unlike traditional bank loans, there is no credit check necessary, making title loans accessible to those with poor credit scores. Additionally, because the loan is secured by the vehicle’s title, lenders are often able to offer lower interest rates compared to unsecured personal loans.

However, the high-interest rates and short repayment terms make it easy for borrowers to fall into a cycle of debt. If the borrower is unable to pay back the loan in full on time, they may have to roll the loan over, which means paying additional fees and interest to extend the loan term. This can add up quickly, and the borrower may end up owing more than the car is worth.

Applying for a Title Loan with TheGuaranteedLoans

If you’re considering a title loan in Malone, Wisconsin, TheGuaranteedLoans can help you connect with potential lenders. Our online application process takes just a few minutes, and we work with a network of reputable lenders to help you find the best loan option for your needs. It’s important to note that TheGuaranteedLoans is not a direct lender, but a connector service that facilitates your connection with potential lenders.

Interesting Facts and Statistics

  • According to a report by the Consumer Financial Protection Bureau, one in five borrowers ends up having their car repossessed because they can’t repay the loan.
  • A study by the Center for Responsible Lending found that the average title loan borrower rolls over their loan eight times, paying $2,142 in interest on a $951 loan.
  • According to the Wisconsin Department of Financial Institutions, the average interest rate for a title loan in the state is 25% per month.

Conclusion

A title loan can be a good option for those in need of quick cash, but it’s important to consider the risks and benefits carefully. Before taking out a title loan, it’s crucial to make sure you understand the terms and risks involved. If you’re interested in exploring title loan options in Malone, Wisconsin, TheGuaranteedLoans can help connect you with potential lenders. Don’t hesitate to apply now and get the money you need to cover your unexpected expenses.

Apply Now: Fill out our online application today and get connected with potential lenders who can provide you with a title loan in Malone, Wisconsin.

Title Loans Available in Malone, WI By The Following ZIP Codes:

53049

Malone, WI title loan calculator

Frequently Asked Questions About Car Title Loans in Malone, Wisconsin

What are the interest rates for title loans in Malone, Wisconsin?

The interest rates for title loans in Malone, Wisconsin vary depending on the lender and the specific loan terms. In general, title loans in Malone, Wisconsin have higher interest rates than traditional loans, due to the higher risk involved.

Are there any fees associated with title loans in Malone, Wisconsin?

Yes, there are fees associated with title loans in Malone, Wisconsin. These can include origination fees, processing fees, and other fees that are charged by the lender.