5 Star Car Title Loans – 13553 E 14 Mile Rd #14
Sources & References
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Map Location
Services this business provides
Contact Information
Address
13553 E 14 Mile Rd #14, Sterling Heights, MI 48312
Phone
(586) 21-73-485Website
5starloans.comFrequently Asked Questions about 5 Star Car Title Loans
Further details and specific Michigan location histories can be found on the company’s official site and regional listings, which outline application steps, required documentation, and eligibility criteria. For official regulatory status and licensing information, consult Michigan’s financial licensing databases and the lender’s public disclosures.
Additionally, these lenders usually require a clear title, proof of identity, and income verification, with lien placement on the title until repayment. It’s important to review terms for interest rates, fees, and potential risks such as loan renewal fees and possible vehicle repossession if defaults occur. For precise offerings from a specific provider, consult that lender’s official site or state consumer protection resources.
Key references for Michigan title loan rules:
- Michigan Compiled Laws, title loan provisions (487.2121 et seq., especially 487.2153) .
- Michigan Department of Attorney General or Consumer Protection office guidance on auto title loans .
- FTC consumer protection information on auto title loans in Michigan .
Key stages:
- Application and lien placement on the vehicle title.
- Funds disbursed to the borrower, with a clear repayment schedule and total cost including interest and fees.
- Repayment or renewal/rollover options; failure to repay can lead to repossession and additional penalties. For more details, consult Michigan consumer finance regulations and lender disclosures before signing.