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Auto Title Loans

Auto title loans are a type of short-term loan that is secured by the borrower's vehicle. To obtain an auto title loan, the borrower must provide the lender with the title to their vehicle as collateral for the loan. Continue Reading Below  

About Auto Title Loans

Auto title loans are a type of short-term loan that is secured by the borrower's vehicle. To obtain an auto title loan, the borrower must provide the lender with the title to their vehicle as collateral for the loan. If the borrower fails to repay the loan according to the terms of the agreement, the lender has the right to repossess the vehicle and sell it to recover the outstanding loan balance. Auto title loans are typically small, high-interest loans, and they are designed to be repaid within a short period of time, typically 30 days. Auto title loans can be a risky option for borrowers, as they can easily become trapped in a cycle of debt if they are unable to repay the loan on time. As a result, auto title loans are subject to regulation in many jurisdictions.