Title Loans in Maine | PaydayloanHelpers

Are you looking for title loans in Maine? PaydayloanHelpers is a lender that offers title loans to those who need them. If you have ever been turned away from a bank or simply want an alternative option for title loans, please reach out to one of our representatives today!

What is a title loan?

A title loan in Maine is a title guarantee in exchange for cash. It’s similar to taking out a payday loan, except it involves using your car title as collateral.

To get title loans in Maine, you will need to visit one of our locations and fill out the application process. Depending on how much money you want to borrow against your car title, you may have to provide proof of income and other documents that show that you can pay back the title loan.

Once you have been approved for a title loan, we will give you the money right away so that you can purchase whatever it was that led to your financial situation in the first place! We also offer many other services such as traditional payday loans, check cashing loans, and money orders. If you have been turned down by other banks or title loan companies in Maine due to poor credit history or not being a long-time resident of the state, please reach out to us! We don’t need excellent credit to help.

How does a title loan work?

A title loan is a short-term loan that allows you to borrow up to 50% of your auto title’s value. You will be required to put up your car title as collateral for this title loan in Maine. In addition, you must meet specific income requirements to qualify for the title loan in Maine. Once approved, we can deposit money into our account and then cut you a cashier’s check. Once you receive the title loan in Maine, we can set up a payment plan to ensure that you can pay off your title loan without any issues.

Requirements for title loans in Maine:

  • You must own a car and be at least 18 years of age.
  • Title loans in Maine must be used for purchases such as furniture, appliances, or other items that cannot readily be converted into cash.

Applicants are considered on an individual basis depending on their monthly income based on the below requirements. The maximum term for title loans is 12 months long. We do not allow borrowers to roll over title loans. Our company believes that it should only take 12 payments until all title debt is paid in full.

  • You must be able to provide proof of income (pay stubs, w-2 forms, etc.) to get title loans in Maine.
  • Your gross monthly income is at least $1500.00 per month
  • You have owned your vehicle for more than 90 days and have no car payments on record with any other lender
  • The title of the car you own is clear and free from any liens or encumbrances made by other lenders or financial institutions

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