Housing and employment rates in Dundalk are low. Median household income is lower than the national average, making people work more to survive than to actually live. Getting a car title loan in Dundalk, MD solves the problems of many who are unable to support themselves because of low-income and lack of steady cash flow.
This economy is making it harder for families to survive, and are risking their homes in exchange for a bank loan. For others who do not own homes, they exchange their credit history. However, it takes years to build good credit, and for people who have bad credit or do not have credit, it is impossible for them to get approved. Title Loans Maryland does not discriminate against you because of your credit. If anything, getting a title loan helps you build your credit through monthly payments.
Auto Title Loan Process in Dundalk, MD
The title loan process makes it easier for people to access cash right when they need it. By filling out the application, which includes questions about the make, model and year of your vehicle, you can be approved for a loan just like that. The simplicity of title loans allows you to apply at any time, which makes it easy for people who typically have busy schedules. After you have completed this application, we will contact you and guide you in the step-by-step process of this loan.
Depending on your vehicle, you may get up to $10,000 for your car title.
What do I do next?
Applying online pre-qualifies you for a loan, and after that we will find the title loan site that is convenient for you to go to. You may also need to bring the following:
- Photo ID
- Proof of residence
- Car Title
Once you’re there, the lenders will check your car out, and give you a final okay for the amount you are approved for. You may also voice any concerns you have with the process, and really determine if this loan is right for you. After you have signed your contract, the lender gives you the amount in cash and/or check in exchange for your title and you are free to go.
Where can I get my title?
You can get your car title at the local MVA, or any title & tag locations in your area.
The local MVA in Dundalk:
Motor Vehicle Administration
Address: 1338 Eastern Blvd, Essex, MD 21221
Phone: (410) 768-7000
Car Title Conditions
The car title you provide us must be clear, meaning that you must have full ownership of your vehicle. After you have exchanged your title, the lender will put a lien on it. This lien just indicates that you owe the lender a certain amount of money for the loan. If you do not repay this balance, they can repossess your vehicle without any notice.
In comparison, some lenders are more lenient and will try to work something out with you in case you cannot make the full payments on time.