Whats the deal with Title Loans?

"Fast Cash”, “Bad Credit OK!” “Instant Approval!” are phrases you hear all the time with title loans. This is because title loans have an easy application process and quick turn around time to receive money for the loan. Many view these factors and relate them to bad deals, or red flags regarding the lender, understandably so. However, title loans are not as high-risk as you'd think.

A title loan is another kind of short-term loan, usually no longer than 30 days. The borrower’s car title is used to secure the loan. In a title loan agreement if the loan is not repaid, the lender may send out a repo man and gain possession of the car. It's definitely a good idea to repay these loans if you want to keep your ride.

That being said, it's easy to understand why most title loan lenders do not even consider credit at all.

is probably the number 1 site out there for title loans.

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