Title Loans Maryland
Get Money Right Away with Title Loans Maryland
If you’re in need of fast cash, a title loan is one option that allows you to use your car as collateral and obtain a loan based on its current market value. The application process for title loans in Maryland goes quickly and your credit score won’t matter, making these loans ideal for borrowers with poor credit.
You can use these online title loans for any urgent expenses that you don’t have the money or the credit to cover. That could be a car repair, replacing a home appliance, expanding your business or any other important bill that you need to pay. You don’t want to end up with late fees and negative marks on your credit because of an expense that you couldn’t pay, and a title loan is perfect for an immediate financial boost.
Applying Online for Title Loans Maryland
As convenient as title loans are, we wanted to make the entire process even easier for consumers. To do just that, we set up an online title loans application that you’ll find here on our site. It takes only seconds to complete, and you can start by going to the application form and filling out the following required pieces of information about the car you’ll use as collateral on your loan:
• Approximate Mileage
After that, we’ll just need to get the following contact information from you to complete the form:
• Your full name
• Your phone number
• Your ZIP code
Once you submit that form to us, we’ll determine your car’s current market value and use that to calculate your free car title loan estimate, which is contingent on the condition of the car. One of our helpful title loan representatives will get in touch with you at their earliest convenience to answer any questions that you have about this type of loan. They will also use your ZIP code to find a lender in your area that can issue your loan.
Title Loan Regulations in Maryland
The primary federal regulation on title loans is one that prohibits borrowers under the age of 18. Other than that, states set their own regulations. Title loans in Maryland don’t have many restrictions on them, as the state hasn’t set a limit on amounts or interest rates and instead allows you to figure those out with your lender.
While Maryland also hasn’t set a term limit or minimum for title loans, the standard length is 30 days. What if you can’t pay off your title loan on the due date? By paying at least the interest on it, you can roll over the loan, which means you’re extending it for another term with a new interest charge. It costs a bit more, but this buys you some extra time.
Title Loan Benefits
One of the reasons consumers appreciate title loans is how convenient they are. All you need to get a title loan is a car with a lien-free title in your name and a government-issued ID to verify your age. You won’t need to bring any financial documents or income verification to obtain your loan, and approval rates are very high.
Although your car is the collateral on the loan, you don’t need to give that to the lender during the term of the loan. Instead, the lender just keeps your car title, and you’ll get that back when you’ve paid off your loan. This ensures that the title loan doesn’t leave you without your usual form of transportation.