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  2. How do title loans work, and are they ever worth the risk? - AOL

    www.aol.com/finance/title-loans-ever-worth-risk...

    A title loan lets you borrow against your vehicle so you can get the $1,000 quickly. Just as a mortgage uses your home as collateral, a title loan uses your vehicle as collateral.

  3. Title loan - Wikipedia

    en.wikipedia.org/wiki/Title_loan

    A title loan (also known as a car title loan) is a type of secured loan where borrowers can use their vehicle title as collateral. [1] Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. [2]

  4. Vehicle title - Wikipedia

    en.wikipedia.org/wiki/Vehicle_title

    Vehicle titles are also used for car title loans, in which a car owner gives the vehicle lender their vehicle title as collateral in exchange for a loan. In addition to the vehicle title, lenders often also require the borrower to provide a set of keys for the car and/or purchase a roadside service plan. Car title loans frequently involve high ...

  5. TitleMax - Wikipedia

    en.wikipedia.org/wiki/TitleMax

    A Nevada Court Judge ordered TMX Finance to void over 6,000 loans due to these unlawful practices. [13] In 2019, TitleMax was subject to a fine of $25,000 [ 14 ] and a $700,000 refund to more than 21,000 customers to resolve allegations of excessive interest and fee charges.

  6. How to get out of a title loan: 5 legal title loan loopholes

    www.aol.com/finance/title-loan-5-legal-title...

    It is important to carefully consider all options and budget carefully to avoid getting trapped in a cycle of debt with car title loans. A car title loan is a secured small loan, usually for 25 to ...

  7. What are instant loans? Everything you need to know - AOL

    www.aol.com/finance/instant-loans-everything...

    Car title loan. Also known as a pink slip loan, this loan is secured by your vehicle’s title. You still get to drive your car, but you’ll need to repay the loan in full, including interest ...

  8. Mechanic's lien - Wikipedia

    en.wikipedia.org/wiki/Mechanic's_lien

    A lien against a vehicle that is asserted by an auto mechanic is technically an "artisan's lien" rather than a "mechanic's lien", but it operates in a similar fashion to a mechanic's lien. A mechanic's lien can only arise against real property i.e., land or buildings.

  9. No-credit-check loans: What are they and how do they work? - AOL

    www.aol.com/finance/no-credit-check-loans...

    If you default on a car title loan, the lender may repossess your vehicle. Just like payday loans, title loans should be a last resort because the average auto title loan has an APR of about 300 ...

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