What are car title loans

What is a title loan? Car title loans are a type of secured loan where borrowers can use their vehicle title as collateral. Borrowers who obtain title loans must allow a lender to place a lien on their car title and temporarily turn…

How Do Car Title Loans Work?

All loans carry risk if they are not repaid on time. One particularly troubling consequence of a car title loan, however, is if you default on your payment obligations: the lender can take your vehicle.Before you consider getting a title…