Learn about title loans, how they work, their costs, and risks involved. Ideal for those with poor credit, yet can be costly with high APRs. Understand better options.
Money Digest on MSN
What Is A Title Loan? (And Why They're So Risky)
Title loans are a type of loan consumers might consider if their options are limited. Despite the risky loan terms, here's why people still use them.
Car title loans allow you to borrow money using your vehicle as collateral. Title loans have high interest rates, and could result in loss of the vehicle if you fail to make payments. Many or all of ...
Typically, getting a car title loan requires proof or evidence of income. It consists of valid payslips from your current job. However, only some have a conventional source of income. This is where a ...
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Compare auto lenders that work with low credit scores, and explore strategies to improve approval odds and reduce rates Written By Written by Staff Senior Editor, Buy Side Miranda Marquit is a staff ...
This article was produced for ProPublica’s Local Reporting Network in partnership with The Current. Sign up for Dispatches to get stories like this one as soon as they are published. Consumers across ...
Car title loans offer quick cash but risk vehicle repossession if not repaid. Typical APR for car title loans can soar to 300%, making them costly. Most states either ban or heavily regulate car title ...
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