title loans

Title loans are short-term borrowing options where you use your vehicle’s title as collateral. You give the lender your car’s title, and in return, receive a loan typically based on a percentage of your vehicle’s value. You can continue driving your car while repaying the loan, but if you fail to repay as agreed, the lender has the right to repossess and sell your vehicle to recover the amount owed. Title loans usually have high interest rates and fees, making them a costly emergency financing choice.