What to Expect When Taking a Car Title Loan

It's important to understand what you are getting into before taking out a car title loan.

You Get The Money You Need Quickly

In most cases, you don't need a credit check. Instead, the loan is based on the value of your car.

Expect Much Higher Fees and Interest Rates. The average APR for a car title loan is around 300%, and the average rates per month are 25%.

Car title loans are very short term, often 30 days. You'll need to repay the loan within this timeframe or risk  losing your car.

Car title loans are very short term, often 30 days. You'll need to repay the loan within this timeframe or risk  losing your car.

Sometimes car title loans make sense.   Just know they are expensive and you may lose your car if you don't repay.

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