Title Loans Kettering, Ohio
Finding money during difficult financial times is generally stressful, but there are tools out there to help. Using auto title loans in Ohio, residents have been able to get the cash they need to get through rough financial times quickly and without any stressful processes.
Title loans are short-term loans that are meant to help with short-term financial problems. A title loan gets you cash when you don’t have any generally has a lifespan of 30 to 60 days, allowing you a little time to get to your next paycheck before you have to pay anything back. With title loans, Kettering borrowers are able to get cash in as little as 24 hours, and all they need is a clean car title with no liens against it.
The title serves as collateral for the loan, and the lender holds onto it while the borrower repays. The borrower still keeps the car through the life of the loan, though, and once everything is paid in full the title is sent right back to the vehicle owner without any hesitation. It’s an easy, safe, legal way to get money fast for when unexpected financial circumstances strike.
Title Loan Regulations in Ohio
All types of loans and lenders are regulated by the State of Ohio, and title loans are no exception. Reputable lenders abide by these state regulations and do everything they can to work within the set parameters to serve their borrowers.
To legally provide auto title loans, Ohio lenders have to meet a few requirements. These include:
- Lenders are licensed appropriately with the State of Ohio
- All short term loans cap interest at 28 percent a year
- The loan must last for a minimum of 31 days
- A maximum of $500 can be borrowed at one time as a short-term loan
Some disingenuous lenders, often referred to as “loan sharks,” attempt to thwart state regulation to offer loans that sound appealing, but are ultimately damaging to borrowers. Loan sharks are not real title lenders, and savvy borrowers should only deal with legal, above-the-board lenders.
If you believe any potential lender is abusing your rights as a borrower, contact the Consumer Financial Protection Bureau, and file a report with local law enforcement immediately.
Kettering Chief of Police: Christopher “Chip” Protsman
Non-Emergency Phone Number for the Kettering Police Department: (937) 296-2555
If you ever have any questions about what title loans Kettering borrowers trust and which ones they should stay clear from, all you have to do is get in touch with our office. We will break down the legal aspects of title loans until you are completely comfortable in what it means to borrow using your car as collateral. We can also help you find the title loans Kettering borrowers trust more than any other.
Vehicle Services in Kettering
Title loans make getting cash easy but they still deal with your car, a critical part of your everyday life. To make sure your license and registration are current, and to get any title copies or other paperwork you may need for a loan, visit the Bureau of Motor Vehicles. A number of services can be completed online, including:
- New vehicle registration
- Vehicle registration renewal
- How to title a motor vehicle
- Title-related processes
- Drivers license and ID card renewals
- Pay reinstatement fees
For services that require an in-person visit, the nearest BMV office can be found in Dayton:
Bureau of Motor Vehicles
1036 Smithville Rd
Dayton, OH 45403
You can also give them a call at (937) 252-6204 to speak with a representative, make an appointment, or file certain requests.