We provide Tips for Car Title Loan Borrowers
The Right to Rescind a Car Title Loan Agreement: Key Facts and Guidelines The right to rescind a car title loan agreement is an important aspect of consumer protection in credit transactions. Understanding this right allows you as the borrower to cancel a loan agreement under specific conditions. This ensures […]
While car title loans may provide immediate financial relief, they can also come with their own set of challenges, particularly when borrowers face harassment from car title lenders.
Roll Over Your Loan, Roll Up Your Costs! Lenders May Allow Extensions, but at a Price: Pay the Current Fee Plus an Extra for More Time!
Taking out a car title loan can be a useful way to access quick cash, but it’s essential to be mindful of hidden fees and penalties that might be lurking in the loan contract. These costs can catch borrowers off guard, leading to greater financial strain and difficulty in repaying the loan.
If you miss or only partially pay a loan payment, your loan goes into default. This allows the lender to repossess the vehicle, though many will first try flexible options to help you avoid repossession.
When times get tough and money gets tight, car title loans may seem like an easy way to quickly access cash by using your car as collateral.