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Title Loan

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 carry higher interest rates than other sources of credit. These loans have higher interest rates than other sources of credit because the lender typically does not check credit and that the only consideration for the loan is the value and condition of the vehicle. The high interest exists because the lender perceives greater risk associated with these types of loans, despite the secured nature of the loan. Title loans tend to be taken out by people who are in a financial bind, which raises more questions about the high interest rates.

Most title loans can be acquired in 15 minutes or less on loan amounts as little as $100. Most other financial institutions will not loan under $1000 to someone without any credit as they deem these not profitable and too risky. In addition to verifying the borrower's collateral, many lenders verify that the borrower is employed or has some other source of regular income. The lenders do not generally consider the borrower's credit score. The loan is secured by the title to the vehicle.

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From Wikipedia under the GNU Free Documentation License
Tue Aug 9 05:41:38 2011


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Fri, 05 Feb 2010 00:00:00 PST

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From Google Video Search: "title loan"
Thu Apr 28 10:47:43 2011

If a car has a title loan but the lender went out of business, how is that dealt with?
Q. We are trying to sell our car and we have a title loan that we got through a pawn shop and haven't been able to pay it off but the pawn shop went out of business. How do we pay it off so we can get a clean title?
Asked by austynsmommy - Thu Nov 19 12:37:50 2009 - - 3 Answers - 0 Comments

A. If you are not informed you, will be deformed; I'm sharing this today because I have to. Sometime ago my wife Loveth Fisher was in need of loan to start up, she searched online and she told me that someone Vanessa Kleebereger referred her to one mr charles bricks, she was afraid because of internet scam but she took the risk of contacting him. After everything she her loan was approved and given to her with a low interest rate. I also applied too and I was given, now we are not living well, paid all bills and at the same time servicing the loan back. According to this firm they dont give loan to untrusted cutomers, if you are not referred they will not reply you, if you are in need of loan you can contact me on kenny_fisher09@yahoo.com… [cont.]
Answered by Kenny Fisher - Sat Nov 21 07:13:34 2009

Can a person get a title loan on a vehicle if it is registered in two peoples names ?
Q. If two people own a vehicle can one person get a title loan on it without the other person signing the loan. What if one person does not give permission.
Asked by rng_66 - Sat Jan 27 15:57:32 2007 - - 2 Answers - 0 Comments

A. You would actually need both parties to agree to this. Essentially, you're signing over a property deed to another person or company and in order for you to do that yourself, you would need to be the sole owner for it. If there are two people on the title, then both of those people own that property together. So, the answer to your question is NO.
Answered by daango26 - Sat Jan 27 22:46:29 2007

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Zacks.com
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Thu, 24 Mar 2011 22:31:52 -0700

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PR-USA.net (press release)
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Why Would I Consider a Car- title Loan ?
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Why Would I Consider a Car- title Loan ?

unknown

Thu, 07 Oct 2010 22:32:50 GMT

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Title Loan
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