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What is a car title loan?

What is a car title loan? We answer that question today.

A car title loan is a short term, high interest loan where the borrower uses their vehicle title as collateral. To obtain the loan, the borrower must own the car outright. The lender keeps the car’s title and may repossess the vehicle if the borrower fails to repay the loan. These loans are typically for small amounts and short durations, often 30 days, and can be very expensive, with monthly fees as high as 25% of the amount borrowed. Title loans are often used by individuals with poor credit, as credit history is usually not a major factor in the approval process. However, they can be considered predatory lending and are prohibited or restricted in some states. See our state list to see if you live in a state that allows them.

What is a car title loan? 1008x567

We are not the lenders, so we can not guarantee you will get a cash loan. Your lender can fund your loan as soon as the next business day. We do offer an online form to see if you can get a quick cash loan for your car.

Jer Ayles
Co-Founderat | Website| + posts

Jer is a Consultant & go-to guy for startups and founders. Expert with both Online and storefront B2C lending strategies. Jer at Trihouse Consulting is your Co-Founder, consultant, investor... Start-ups in installment, payday loan, car title lending, line of credit... Storefront to Online transition is my specialty. Focused on operations, marketing, Internet models, tribe, brick-n-mortar development, website development, regulatory & compliance, and State and Tribe licensed lending models. Banking, ODFI, ACH, ICL, Debit, Credit.
TrihouseConsulting@gmail.com 702-208-6736 (PDT)

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Jer Ayles
Jer is a Consultant & go-to guy for startups and founders. Expert with both Online and storefront B2C lending strategies. Jer at Trihouse Consulting is your Co-Founder, consultant, investor... Start-ups in installment, payday loan, car title lending, line of credit... Storefront to Online transition is my specialty. Focused on operations, marketing, Internet models, tribe, brick-n-mortar development, website development, regulatory & compliance, and State and Tribe licensed lending models. Banking, ODFI, ACH, ICL, Debit, Credit. TrihouseConsulting@gmail.com 702-208-6736 (PDT)Linked In profileMentioned in Digital GrothClarity FMTrihouse ConsultingGeoffrey s corporateThe Business of LendingHow to start a payday loanzoom infoStartups.comIWV ProLeaning Rock Financepayday and paycheck loansAutomobile PawnQuoraMediumRocketReach
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