Title loans are small dollar, short-term loans that carry exorbitant interest rates and require your original car title as collateral. When you default on a title loan, as one in six borrowers will do, the lender repossesses your car and sells...
Category - Car Title Loans
Title loans are big business in America. Actually, let’s correct that to read huge business, with $3.6 billion in profits earned on the 1.7 million title loans that are taken out each year, adding up to $1.6 billion. Today, we’re...
Title loans are nasty little beasts that can keep you in deep debt for months or even years, depending on the interest rate and how many times a title lender will allow you to roll over the principal amount of a loan and pay just the interest...
Title loans are risky business. Well, they’re risky for the borrower, anyway. For the lender, they’re about as safe a loan as anyone could offer. That’s because a title loan is secured by the borrower’s vehicle’s...
Title loans are the worst type of predatory loans, according to both experts and the victims of a high-interest, over-secured title loan that led to the repossession and sale of their vehicle. If you’re lucky enough to have no idea what a...
Would you willingly pay $4,000 for something that’s worth exactly $1,000? Of course you wouldn’t. And that’s why you shouldn’t take out a title loan. Title loans are small dollar, short-term, high-interest, predatory...
Living paycheck to paycheck is a little scary, especially for the 25 percent of Americans who don’t have any money saved for an emergency. For these 79.9 million people, a bum fuel pump or a compacted wisdom tooth can cause major...
Everyone’s strapped for cash at one time or another. Okay, well, maybe not everyone, but let’s say that at least most of the 76 percent of Americans who live paycheck to paycheck struggle financially every now and then when an...
Little emergencies can cause big problems when you live paycheck to paycheck, as 76 percent of Americans do. Now, it would be purely un-American if the banking and lending industry didn’t capitalize on the desperation of people living in...
When you’re seriously strapped for cash, taking out a title loan is one option for covering an emergency, albeit the most dangerous one. Title loans are small loans, usually well under $10,000, and they can end up costing you an arm and a...
Car title loans are notorious for landing low-income individuals in a revolving cycle of excessive debt, causing great stress, and, for one out of every six borrowers, resulting in the loss of their only viable transportation to work or...
A car title loan is a slithering can of worms that you really don’t want to open unless your very life depends on it. Title loans are considered the worst of the worst when it comes to subprime loans, which are high-interest, short-term...