What is an auto title loan?

Answer A car title loan is a bank loan in which an automobile is put up for collateral. Typically the loan amount is between 30 and 50 percent of the value of the car. If the loan defaults, the bank can s... Read More »

Top Q&A For: What is an auto title loan

How to Change an Indiana Auto Title Into an Ohio Auto Title?

New state residents or residents buying a car from out of state need to obtain an auto title in the car owner's state of residence. For example, an Indiana resident with an Indiana auto title needs... Read More »

How long does a car title loan company hold a title?

When a car is collateral for an automobile loan, the lending bank retains the vehicle's title until the borrower pays off the loan in full. Once this occurs, the bank will then typically mail the t... Read More »

How to Get a Title Back From a Title Loan Company?

Getting a title loan by using your car title as security is sometimes a viable way to get cash quickly and easily. Once the immediate financial need is resolved, there is still the task of paying o... Read More »

Which loan is better: an auto loan or a signature loan?

On One Hand: Auto LoansWhen you are purchasing a car, you can use the car as collateral so that the loan becomes less risky for the lender, which means you get a lower interest rate. A lower intere... Read More »