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What to Expect When Taking a Car Title Loan
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It's important to understand what you are getting into before taking out a car title loan.
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You Get The Money You Need Quickly
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In most cases, you don't need a credit check.
Instead, the loan is based on the value of your car.
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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%.
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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.
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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.
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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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