Auto title loans are offered by
auto title lenders who offer financing options to lenders.
These include
auto title lenders who require that one deposits the auto titles as collateral for the loan.
Not exact matches
The offer might prove too tempting to someone
who might otherwise never take out an
auto -
title loan, said the regulator in a bulletin to
lenders: «This business model could also be perceived as a deceptive practice because it appears calculated to bring the consumer into the store with the promise of one product, but later effectively requires the consumer to go to another location to purchase another product.»
In fact, 20 percent of borrowers
who take out an
auto title loan end up losing their vehicles to their
lender, reported the CFPB.
There are many
lenders out there
who offer
auto title loans, so it is important to make sure that the one you work with is both reputable and fair.
An
auto equity loan, which is available from traditional
lenders as well as some online
lenders, should not be confused with an
auto title loan, which is typically offered by subprime
lenders to people
who have bad credit.
Applicants
who also already have an existing
auto title loan with another
lender are welcome to apply at LoanMart.
Avoid
lenders of
auto title loans
who don't work with you to get the best strategy for your repayment terms.