The absence of collateral, such as a car from the house, makes unsecured loans a lot different from other secured loans. (financegab.com)
Though they charge more interest than a car loan, mortgage, or other secured loan does, their rates are far lower than credit card rates. (mybanktracker.com)
First things first, you can keep your car while making payments, giving title loans the edge against other secured loans. (titleloans-northcarolina.com)