If your credit rating and financial situation limit your ability to take out a loan, consider exchanging your car title in College Park, MD for same day cash. Title loans are available for those with bad credit scores wanting to take out a small loan for a short amount of time. Getting money from the bank involves a long process, and they may not even approve your application after waiting. The only stipulation to the loan is that your vehicle must be close to, or completely paid off. The lack of credit you may have, or even unsteady income flow does not determine if you get approved for our loans. Unlike payday or mortgage loans, title loans give you an option to risk less and get more.
Title loan amounts may be approved for up to half the value of your vehicle. The more recent makes and models, and the condition of your vehicle are deciding factors that affect amount of money you can borrow. By completing the online form, we will provide you with an approximate valuation for your specific vehicle. One of our loan representatives will contact you and accommodate any questions or concerns you may have with this process. They will also locate the nearest title loan site for your convenience.
In the event that you are approved for a loan, and decide that it is the best option for you, you will need to bring a few documents along with the vehicle that will allow us to authorize the loan.
- Proof of Residence (Utility bill/Government mail)
- Proof of Identification (Driver’s License/State ID)
- Car Title
If you do not have your car title, local MVA’s will be able to assist you with getting the original title of your vehicle through these locations:
Address: 11760 Baltimore Ave, Beltsville, MD 20705
Phone: (410) 768-7000
Address: 10251 Central Ave, Upper Marlboro, MD 20772
Phone: (800) 950-1682
How do Title Loans in College Park Work?
Title loans are equivalent to any typical loan where it is expected that you make timely payments. There are terms and conditions that will be presented, and missed payments could lead to having the ownership of your vehicle taken away. To avoid this mishap, we suggest that you consider the loan amount you want to receive. The less the loan amount the easier it will be to pay off. In addition to the scheduled payments, there are no penalties in place for sending in payment earlier.
Know Your Rights
If you are victim to lender violation of the contract, there are law offices that specialize in consumer protection. In the College Park area, here is the main office:
Maryland, Bar Foundation, Inc. Montgomery County Pro Bono Program
Address: 27 W Jefferson St, Rockville, MD 20850
Phone: (301) 424-7651
You may also contact your local regulatory police department:
University of Maryland Police Department
Address: 7569 Baltimore Ave, College Park, MD 20742
Phone: (301) 405-3333
David B. Mitchell, Director/Chief of Police
Or file a complaint federally: Website