Car title loans in Bowie, MD exist to make it easier for the public to apply for immediate cash. This quick process is usually preferred over ordinary bank loans, which are often inconvenient and difficult for the borrower. Investment firms deny loans due to factors such as credit scores, and evidence of financial stability. However, title loans are secured by swapping in your vehicle title for a short amount of time.
Process and Loan Calculation
By providing the information on the online application, we will be able to determine the estimated amount you are allowed to borrow, as well as the nearest title loan location in Bowie. Upon further inspection of the vehicle at one of our locations, the contract will be finalized then and there. As a borrower, you may refer to the Kelley Blue Book to get an idea of the maximum loan amount you may receive. Aside from the vehicle itself, you will also need to bring other paper documentations with you at one of our title loan locations.
- Proof of identification such as a Driver’s License
- Proof of residence with a utility bill or government mail
- Vehicle title
Local MVA’s will be able to assist you in obtaining your vehicle title, here are the available locations in your area:
Address: 11760 Baltimore Ave, Beltsville, MD 20705
Phone: (410) 768-7000
Address: 10251 Central Ave, Upper Marlboro, MD 20772
Phone: (800) 950-1682
Failure to make timely monthly payments can lead to the repossession of your vehicle. To avoid this situation, it is recommended that borrowers only ask for the amount actually needed. Borrowing more can result in your inability to make the payment installments needed every month. Similarly, making sure you make those payments on time, or even earlier, will decrease the chances of losing your car ownership.
Subject to Repossession
In the unfortunate case of vehicle repossession, there are attorneys in Bowie that are willing to assist you in the debt settlement.
The Law Office of David J. Federbush
Address: 4977 Battery Lane Suite 913, Bethesda, MD 20814
Phone: (301) 657-4680
Sonya Smith-Valentine, Consumer Lawyer
Address: 1300 Caraway Court Suite 200, Largo, MD 20774
Phone: (301) 513-9500
If the lender violates the contract established, you have the right to seek legal recourse. The Maryland Department of Labor, Licensing and Regulation offers services that protects the individuals from illegal processes by that lender.
To file a complaint in the state of Maryland:
The Office of the Commissioner of Financial Regulation
Phone: (410) 230-6100
However, you can also file a complaint locally in Bowie by utilizing the local Police Department:
John Nesky, Police Chief
Dwayne Preston, Deputy Police Chief
Address: 15901 Excalibur Road, Bowie, MD 20716
Non-Emergency Phone: (301) 352-1200
Adminstrative Phone: (240) 544-5700
Federal regulation also allows you to submit a complaint through the Consumer Financial Protection Bureau (CFPB).