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Car title loans offer you quick cash — often between $100 and $10,000 — in exchange for your vehicle’s title as collateral. They’re a type of secured loan, one backed by property the ...
A car title loan allows you to borrow 25% to 50% of your vehicle's value. In return, you agree to pay off the entire loan balance plus interest when the loan term ends — typically, in 15 or 30 days.
One controversial practice associated with car title loans—and short-term loans in general—is the use of non-annualized interest rates.For example, if a lender advertises a 30-day loan with a ...
A title loan is a short-term, high-interest loan that requires your car as collateral to borrow money. However, they don’t usually require a credit check.
A car title loan, also known as an auto title loan or pink slip loan, is a short-term loan that uses your car as collateral. Find out how car title loans work.
Requirements To Get A Car Title Loan Without Income Verification. The following are the requirements for obtaining vehicle title loans without a job or verified income: You must be over the age of 18.
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 back in full 30 days later. There's no ...
Car title loan companies profit significantly from the financial struggles of their customers. Through high-interest rates, hidden fees and the potential for repossession, ...
Auto title loan lenders charge an average of 25% per month in interest on the loan. That's an annual percentage rate (APR) of 300%! Even credit cards only charge an average APR of 15.59%, ...
How to Get the Title After Paying Off a Car Loan . The process of getting title on your car varies by state. Some states use an ELT, which makes the process easy.
Most people who take out auto title loans resort to reborrowing because they’re unable to repay them at once, Consumer Financial Protection Bureau Director Richard Cordray said Tuesday ...
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 back in full 30 days later. There's no ...