Title Loans Mansfield, Ohio from Loan Cheetah
Many potential borrowers are attracted to car title loans in Ohio because of the reduced stress and no hassle experience that it offers. Title loans Mansfield offers to its residents tend to be easier than what the traditional lender offers. So, it is in your best interest to apply for a title loan when you are going through a financial setback. Most title lender will understand the stress and frustration that you may endure when it comes to a shortage in your finances. Title loans provide the solution necessary to pay down your debt, handle outstanding bills and prevent your electricity from being turned off. Why wouldn’t you want to try alleviating your financial stress when there is an easy way out? It doesn’t make sense if you ignore your financial problems and not access the help that is available to you. So, we encourage you to try applying for a title loan today. If you live in Mansfield, Ohio and you are in a financially bad situation, you deserve to get out of it with a title loan.
Mansfield Title Loan Requirements
Title loans are considered collateral loans because the vehicle becomes the collateral or security for the loan. Most lenders don’t care where the source of income is coming from as long as it is legal. Even if you are receiving disability income, retirement benefits or unemployment benefits, you can still be eligible. Your vehicle – free and clear of liens is the primary source to obtaining a title loan in Mansfield, Ohio.
How Title Loans Work in Mansfield, OH
Getting one of the secured loans offered by a title lender is an easy process. You can apply over the Internet or by phone. The Internet is more convenient because you would submit the application and then have a rep call you for more information. You will be required to provide simple details about the vehicle such as its make, model, VIN number and year of manufacture. With this information, the lender will seek to find the fair market value of the vehicle in order to determine the loan amount, which is usually a percentage of the value. With the vehicle information in hand, the lender will then use income, age and original title as the deciding factor of how much you will receive for the loan amount.
How to Refinance in Mansfield
Title loan refinance is possible if you are not happy with the interest rate that you are currently being charged by another lender. It gives you the option of weighing your option and choosing what is in your best interest.
Ohio Title Loan Laws
In Ohio, the Mortgage Lending Act Law is what mandates the title loan industry. The interest rate cannot be more than 25%. Those businesses that want to offer title loans have to be licensed under the Ohio Revised Code.
About Mansfield, Ohio
The city of Mansfield is located in Richland County and sixty miles from Columbus, Ohio. In the most recent past, the city of Mansfield was popular for its various industries that included retail, manufacturing and healthcare. Known as the “Heart of Ohio,” the city was first settled in the early 1800s. It got its name from Jared Mansfield who was a Surveyor General for the U.S. government and was instrumental in supervising the plans to build the city. In 1846, the railroad came to the city and turned into a key manufacturing locality. Stove manufacturing was one of its most prominent undertakings, subsequently providing employment to many residents. However, during the economic downturn, the manufacturing industries began to see decline years later. Visit the Official City Website.
Chief Kenneth A. Coontz
Address: 30 N Diamond St, Mansfield, OH 44902
Motor Vehicle Department
Address: Bureau, 15-17 E Temple Ct, Mansfield, OH 44902