Can a car title loan be used as collateral?

Certain states permit car title loans in exchange for a short-term loan. When you get one of these types of loans, you use your vehicle as collateral. If you don’t make the payments, however, the …

When do you finance a car, who has the title?

When you’re financing a vehicle, it’s important to know who has possession of the title. That way, if you plan to sell the vehicle, you know the steps you must take to secure this important piece of paper. Information and research in this article verified by ASE-certified Master Technician Duane Sayaloune of YourMechanic.com.

Who is responsible for the title of a car?

In real estate, there’s a deed involved. Similarly, a vehicle has a title. This title details the vehicle’s ownership. Depending on your financing type as well as the state you live in, you or your lender may possess the title.

When is the title removed from a car loan?

Many lenders possess the title during the entire length of the car loan. Once you pay off the loan, the lender removes its name from the title. You then receive a copy of the title. Although this…

Who are the regulators of car title loans?

Car title loans are regulated by federal and state laws. LoanMart offers car title loans that follow all applicable laws, while establishing the best interest rates available in the market. You might find that you need a loan unexpectedly.

Is it easy to get a title loan?

A title loan is a fast and easy way to get cash using your car title instead of your credit score. When it comes to getting good information for car title loans, online resources are important.

Can you refinance your title loan with TitleMax?

We may be able to refinance your title loan with TitleMax® and get you a competitive interest rate in the process! That means in most cases we can pay off your other car title loan and save you money on your new, smarter loan! And you can start the process of getting your title loan online!

How is the size of a title loan determined?

When it comes to getting good information for car title loans, online resources are important. The size of your title loan is determined by the amount of cash you need, your vehicle’s value, and your ability to repay. Our focus is on getting you as much cash possible, while keeping your payments manageable.