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Automobile Title Loans in North Park Utilize the equity in your automobile for a exact same time money loan with your car s name as security
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What to Know About Car Title Loans and How It Works
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LOS ANGELES, May 10, 2021 /PRNewswire/ Borrowers who own vehicles and need quick, easy cash can leverage what s known as an auto title loan (also called a car title loan or simply a title loan). Essentially, these types of loans allow the borrower to leverage their car as collateral for a loan. This article will explain how title loans work in more detail and how much a borrower can receive from one.
How Do Car Title Loans Work?
Car title loans use the borrower s car as collateral by giving the lender the title to hold onto during the loan term. These loans are typically short-term loans where borrowers can find title lenders both in-person and online. Title loans offer quick applications and require no credit. Also, borrowers can often receive their funds in less than 24 hours.
Repossessed: Pandemic-related moratoriums for car repos expire
The number of Americans with auto loans is at a record high; consumers face repossessions with financial struggles
Repossessed By Sandra Jones | February 4, 2021 at 4:36 PM CST - Updated February 10 at 1:11 AM
(InvestigateTV) - Briana Bellinger-Dawson was caught off guard when she couldn’t find her car in the parking lot outside of a grocery store last spring.
“I thought my car was stolen, and my heart was racing,” Bellinger-Dawson said. “I usually know exactly where I park. So, I kind of freaked out just a little bit.”
In March of last year, at the start of the pandemic, Bellinger-Dawson discovered that her 2017 Nissan Rogue had been repossessed by the bank.