8 Cheaper Ways to Raise Cash Than Car Title Loans
How Do Car Title Loans Work?
To qualify for a car title loan, a borrower must own their vehicle free and clear and present a lien-free title to the lender. Valid identification, current vehicle registration, and proof of insurance, residency, and income are also required. Some lenders also demand keys to the vehicle or insist on installing GPS-tracking devices.
Although the amount of a car title loan depends on the value of the vehicle, it is usually capped at half of the car’s present worth. Continue Reading