Blog for the month May, 2018
A title loan, or car title loan, is a loan in which you use the title of your car as collateral to get a short-term loan. Car title loans have become a popular alternative to payday loans with very high interest rates or bank loans that can take a while to secure, assuming you can even qualify. If you, like the many Americans each year, find yourself in a situation where you're having financial struggles and you n...
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Like any kind of loan, there are a few cons to getting a car title loan. The good news is, the pros outweigh the cons. This is easily overcome by making sure you have a plan in place for repaying the loan on time. Another con to most car title loans is that the interest rate may be a little higher than other types of loans, but if you need money in an emergency, paying a higher interest rate to get the money quick...
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