Car Title Loans: 101

Have you ever heard of car title loans? A car title loan is a loan you take out for a small amount of money and for a short period of time.

Simply find a lender who does car title loans and give them the title to your vehicle. Once you finish paying the lender back for the amount you borrowed, you get your title back. The loan usually lasts around 30 days.

Just like pay day loans and cash advances, car title loans can be very expensive. If you cannot repay the money you owe, the lender can take your vehicle.