A quarter of the population in Ellicott City, Maryland rent homes. With the median home value at half a million dollars, it is impossible for these lower income residents to afford their own homes much less pay for other amenities such as groceries. This living standard can make it impossible for some homeowners, especially renters, to pay the bills. Because of that, getting a car title loan in Ellicott City may be the answer to your money problems. This type of auto loan lets you borrow money in exchange for your title, and that’s it. No credit score is too low, and how much money you make does not affect it the process either.
How Do Title Loans Work in Ellicott City, MD?
Applying for a title loan is just as quick as a click away. Filling out the online application we provide on this page takes minutes, and just like that, we give you an estimate of how much we can let you borrow. Our service takes in account your convenience, and we make it as hassle-free as possible for our customers. Our friendly loan representatives will address any concerns you may have, and give you insight on how this short-term credit works. If getting a title loan in Maryland is the right choice, we will even find a neighboring title loan company for you.
Please bring these documentations and items to the loan site:
- Government-issued identification
- Proof of residence
- Car title
“Where can I get my car title?”
You may receive a physical copy of your title at your local MVA:
Address: 6490 Dobbin Rd, Columbia, MD 21045
Phone: (410) 768-7000
Hours: Monday-Friday: 8:30AM-4:30PM
“What is the amount I’m allowed to borrow?”
Your loan amount is dependent upon your vehicle valuation. Vehicles that are made 2001 and more recent get more money. The type of car may also boost your borrowing amount; luxury cars may get up to $10,000.
Ellicott City is part of Howard County in Maryland, one of the nation’s wealthiest areas. Even though the poverty rate is lower than the state, the cost of living is still above what it should be. The livability in this area scores low when looking at housing alone, and the 25% of the residents living in apartments may need extra cash just to pay other bills. This is where title loans can help you.
- Cost of housing is 144% higher than the national average
- Cost of living is 42% higher than the national average
Median home value in Ellicott City is $507,000. whereas apartment rent is around $1,400. This means that renters pay 53% higher than the national average. As a title loan company, we aim to help individuals who cannot afford this high living cost in the area; our lenders provide you with a secure loan option to get help in your financial crisis as quickly as possible. No credit or proof of income needed.