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January 12, 2021 8:26 AM Dori Zinn - Forbes Advisor
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Updated:
January 14, 2021 5:51 AM
A title loan is a short-term, high-interest loan that requires your car as collateral to borrow money. If you don’t have great credit and need to take out a loan, you might be scouring places that will accept your low credit score or sparse credit history. Title loan lenders don’t usually check your credit history, but there are other barriers you might face.
If you’re thinking about a title loan, here’s what you need to know about it before you get one.
What Is a Title Loan?