Like payday loans, car-title loans are marketed as small emergency loans. A typical car title loan has a triple-digit annual interest rate, requires repayment within one month, and is usually made for much less than the value of the car. In a title loan transaction, you keep your car, while the lender keeps the title as security for repayment of the loan. If a borrower fails to repay the loan, he runs the risk of losing his car.
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Car title loans
Emergency loans
Loan Transaction
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