Automobile Title Loan a motor automobile name loan is a kind of short-term loan in which the debtor pledges their automobile as security.

Automobile Title Loan a motor automobile name loan is a kind of short-term loan in which the debtor pledges their automobile as security.

Just Just What Exactly Is Just a vehicle Title Loan?

Also, they are called automobile name loans.

The borrower must own their car free and clear in order to obtain a car title loan. In the event that borrower does not repay the mortgage, the financial institution takes ownership associated with vehicle and may offer it to recoup their investment.

Key Takeaways