Bad credit scores make it difficult for people to be approved for any type of bank loan. Typically, individuals turn to obtaining high risk loans such as payday and mortgage loans just to make ends meet. However, a simple solution to fast cash is applying for title loans in Silver Spring, MD. These vehicle loans allow you to exchange your car title for a certain amount, all the while still being able to drive your own car. In addition, making timely payments can sometimes improve your credit rating.
How to Apply for Title Loans in Silver Spring, MD
This quick loan process can be started by submitting the application online. Once submitted a free vehicle appraisal is given, and a loan representative will reach out to you at your convenience. Our representatives will inform you about the next steps to take to getting your title loan in Maryland, and kindly answer your questions about the title loan process.
Furthermore, please make sure that the vehicle you are submitting for a title loan is almost or completely paid off. You can always speak to a representative to see if the current status of your vehicle will be approved for a loan. After approval, bring the vehicle to the title loan site for a quick inspection. The value of your vehicle plays a major role in the maximum borrowing amount. Another factor can include the condition of your vehicle; the less internal and external damage to the car, the more you receive.
Acquiring your Title Loan in Silver Spring
There are a couple of locations where you may obtain original documentation of your car title in Silver Spring, these include:
Glenmont Express MVA
Address: 12335 Georgia Ave, Silver Spring, MD 20906
Phone: (410) 768-7000
White Oak MVA
Address: 2131 Industrial Pkwy, Silver Spring, MD 20904
Phone: (410) 768-7000
Unpaid Title Loans in Silver Spring
Inability to make monthly payments may result in repossession of your vehicle. Our lenders may be willing to negotiate payment options under certain circumstances.
In the Event of Vehicle Repossession
While it is highly unlikely that your car will be repossessed, there are counselors that may remedy the situation:
Seth William Diamond, Consumer Lawyer
Address: 8613 Cedar Street Second Floor, Silver Spring, MD 20910
Ingmar Goldson, Consumer Lawyer
Phone: (240) 780-8829
Address: 1734 Elton Road Suite 210, Silver Spring, MD 20903
Violation of Contract by Lender
If you suspect a breach of terms and conditions, or unlawful practices by your lender you can submit a complaint to these state and/or federal agencies:
Maryland Department of Labor, Licensing and Regulation
The Office of the Commissioner of Financial Regulation
Phone: (410) 230-6100
Consumer Financial Protection Bureau
Address: P.O. Box 4503, Iowa City, IA 52244
Phone: (855) 411-2372
You can also reach out to your local police department in Silver Spring:
Montgomery County Police Department
Address: 1002 Milestone Dr, Silver Spring, MD 20904
Phone: (240) 773-6800