A loan provided to a borrower by using his/her free and clear car title as collateral. The potential borrower will be required to have the car's value assessed by the lender. A line of credit is then provided based on that assessment. If the borrower fails to pay back the loan in a timely fashion, the lender has the legal right to repossess the car and auction it off. Title loans can also carry high interest rates and stiff penalties.
Related information about title loan:
- Title loan - Wikipedia, the free encyclopedia
A car title loan, or simply title loan, is a loan where the borrower provides their car title as collateral for a loan. These loans are typically short-term, and tend to ...
- Why car title loans are a bad idea - CNN
Oct 8, 2008 ... A title loan offers you cash from the lender, in return you sign over the title of your paid-for car to secure the loan. Typically, these loans are due ...
- TitleMax
Typically, the entire title loan process only takes about 30 minutes. So next ... TitleMax can offer you the most cash for your car title loan because we charge less.
- Title Loans Online | ACE Cash Express
Title Loans. Get up to $2500 overnight. Affordable Payments; Fast online approval process; Pay off loan in 5 easy payments*. Get a Title Loan from ACE Now!
- Auto Title Loan ASAP
More Money Faster! Get up to $5,000‡ directly into your bank account. Complete our entire online application from home. Receive an instant decision after ...
- Car Title Loans & Auto Title Loans Online | 800LoanMart
If you need a quick car or auto title loan, come to 800LoanMart.com or call 800- 562-6627 to get the cash you need and keep your car too!
- Online Title Loans & Title Pawns - Get Started Today eTitle Loan
Our online title loans are quick and easy. Request a title loan with eTitle Loan today! Get money and keep your car at the same time.
- Avoid Car-Title Loans - Iowa Attorney General, Tom Miller
Consumers in a difficult financial situation may be tempted to take out a "car-title loan" -- a short-term loan that is backed by the consumer's vehicle as collateral.