Title loans are secured short-term loans available to car owners. The vehicle used as collateral should not have a lien on the title. In other words, the vehicle or car should not have an unpaid auto loan.
Title loans are provided by private lenders. The title is used as the security but the borrower gets to keep possession of the car or vehicle and continues to use it as long as the loan gets repaid on time. There are many private lenders offering title loans but not all will do so without conducting a credit check.
It is typical for unsecured short-term loans to be available sans any credit criterion.…Continue reading