A car title loan is a loan secured by your vehicle's value. The value of your car determines the monetary amount you can borrow from the lender. The amount can vary, so you could sign a lease for ...

A car title loan, also known as an auto title loan or pink slip loan, is a short-term loan that uses your car as collateral. Find out how car title loans work.

Even if you repay on time, title loans carry much higher costs than most other lending options. Alternatives to Car Title Loans. If you have bad credit, you might think you have no other options.

Title loans are legal in only 17 states, though some of those states have caps on how much they can cost and how long they can last. Most other states have banned them altogether.

Yes, title loans are hard to pay back for two primary reasons. First, the entire loan amount is often due in no more than 15 to 30 days, a very short repayment term that can be hard to meet.

There are ways to get out of a car title loan, including negotiating with the lender, paying off the loan in full or refinancing with a lower-cost loan. Defaulting on a car title loan can have ...

Once you finish paying your loan and transfer the title, your lender will no longer have a lien on your vehicle. How to Get the Title After Paying Off a Car Loan .