What is a Title Loan?
A title loan is a loan of money secured by a certificate of title to a motor vehicle. The title loan lender keeps the certificate in case the loan is not paid.
A title loan is a way to borrow money on your automobile title. When you get a title loan you receive money on your automobile. The process is fast and easy. If you have a clear title in your name, you are eligible for a title loan.
If you own your car, title loans can be a great short-term loan solution to your borrowing needs. Borrowers should be aware that Title loans, like any other type of short-term loan, attract a high interest rate.
Once a decision has been made as to how much you may borrow, the title loan lender will hold the vehicle title document while you continue to drive the car. After the principal and the interest are paid your title document will be returned.
The title loan lender must give each borrower, at the time the loan is made, a written title loan agreement.
Borrowers should read the contract very carefully and make sure they understand what it means, before they sign it.
If you fail to pay the loan, the title loan lender may repossess your vehicle. However, the title loan lender must first give you the opportunity to make the vehicle available at a date, time, and place of mutual convenience. You have the right to remove your belongings from the vehicle at no additional cost.
If your vehicle is sold, you are entitled to any proceeds of the sale in excess of the amount you owe and the lender's reasonable expenses for repossession and sale.
All title loan lenders must be licensed in order to engage in the title loan lending business. Each title loan lender undergoes a criminal background check to ensure that the lender is qualified to issue a title loan.
You may freely reprint this article provided the following author's biography remains intact, including the live URL link:
About The Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the http://www.directonlineloans.co.uk website.
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Americans hold $1.5 trillion in student debt—here's how to know which repayment plan is best for you - CNBC
The Bank of England is sounding the alarm on a quiet corner of the debt market now worth $1.4 trillion - Business Insider
Navigation After Financial Closure - Bankruptcy Personal Loans
Bankruptcy has a stigma attached to it that is hard to eradicate. Is that what you really think, then you need to rethink.
Bad Credit Wedding Loans in Case You want to Race Towards the Altar with Bad Credit
So you are engaged. Congratulations.
Many people are confused by the different types of loans available.Here is a helpful summary of the most common loans available today.
How to Find a Cheap Debt Consolidation Loan
If you're shopping around for a cheap debt consolidation loan, then you're going to want to try to find the one that has the lowest interest rate that you can get. The interest that you pay will depend largely on the collateral that you can offer to secure your cheap debt consolidation loan, as well as your credit history and the amount that you want to borrow.
Become A Smarter Borrower
With a nation that has in the region of a Trillion pounds of debt one could say we are serial borrowers. Before you consider borrowing money it is wise to consider a few important points.
The Wonders of Compound Interest
Albert Einstein called compound interest "the greatest invention of all time." It has even been referred to as the "Eighth Wonder of the World.
How to Find a Loan or Mortgage with Bad Credit
If you have bad credit and you are trying to get a personal loan or mortgage, it may seem like a difficult situation. However, there is hope.
Home Equity Loan Information - What Is A Home Equity Line Of Credit?
Did you know that if you have a home that you've been paying on for years, you may have a lot of usable money right under your nose? What's more, a home equity loan just may be the perfect way to get your hands on that money!Here's how it works. Let's imagine that your home mortgage is for $250,000, but after years of paying on that note, you only owe the mortgage company $100,000.
Used Car Loans - 3 Tips For Financing Your Used Vehicle Online
Financing the purchase of a used vehicle can be done through the convenience of online car loan lenders. Through their websites you can request quotes, compare terms, and even apply online.
Military Loans - Serving Financial Need of Those who Serve the Country
Military loans are overcoming financial difficulties for army personnel who have served the country with a dedication which can't be put in words. Military loans are offered to both serving army persons and those who have retired from the service.
Taking the Time to Find the Best UK Loans
When looking for UK loans, it's always important to take your time so that you can compare loan rates and terms from a variety of lenders.Depending upon the type of UK loans that you're looking at, different lenders may offer different rates depending upon your credit history, your income, and even the type of collateral that you're using to secure the loan if you're applying for a secured loan.
Getting That Car Loan: Simple Interest Is The Best
So here's the situation: you are buying a car but you don't know what type of auto loan offers you should go for. What should you go for?The answer is simple enough: get a simple interest loan.
Shopping for a Payday Loan
You wouldn't consider buying a new pair of shoes, a bicycle helmet, or an extra pair of jeans without trying them on first to make certain they fit. After all, a pair of shoes that is two sizes too small will never fit and they amount to money wasted.
How to Find a Good UK Secured Homeowner Loan
If you're looking for a UK secured homeowner loan, you might not know where to turn.How can you insure that you're getting the best interest rates and repayment terms? Exactly what does it mean to get a UK secured homeowner loan, anyway?If you feel a bit lost with the whole process, don't despair? getting a good UK secured homeowner loan doesn't have to be difficult.
Lions and Loans: Why Finance Should Always be Personal
Different types of loans are available for almost every aspect of your life: personal loans, car loans, secured and unsecured loans, home loans, homeowner loans, student loans, graduate loans and career development loans (CDL). If you've suffered from credit problems in the past and now hold sub-prime characteristics, then you will be eligible for adverse credit and adverse loans.
Many People Have Realized the Convenience and Benefits of Online Personal Loans
The Internet has provided a whole new dimension to obtaining a personal loan. Before lending companies were available on the World Wide Web, people were limited with their loan options and from where they could get a loan.
A General Discussion about Unsecured Personal Loans in the UK Financial Market
Personal loans are offered by lenders such as banks and building societies and are available in a variety of formats, each of which may differ in the possible size, term and purpose of the loan you need. The internet has widened the choice of lenders available supplying personal loans online.
Cosmetic Surgery Loans - Discovering How It Feels to Look Your Best
Market research of UK's cosmetic surgery ascertains the fact that it is one of the fastest growing sections of private healthcare industry. Cosmetic surgery industry is growing strong with an estimated by 9.
A $500 Payday Loan Can Help In an Emergency
A $500 payday loan can be a real life saver during one of life's financial emergencies. Whether it is a much needed car repair or an unexpected bill, payday loans can provided extra cash while helping you keep a good credit history.
Fast Cash Personal Loan - No Credit Check and Very Quick
You can get a payday advance with cheap rates and get up to 30 days to repay your loan. A payday advance is an unsecured loan used to solve your temporary financial needs.
|home | site map|
|TIGER MEDIA© 2006|