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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 interest rates, a short time to repay the loan (often 30 days), and a loan amount less than the car's monetary worth. The borrower also risks losing the ...
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 ]
Car title loans are a convenient way to get fast cash if you own your vehicle outright. These loans aren't without risk, though, as they use your vehicle as collateral and come with steep ...
Case history; Prior: On appeal from the Circuit Court of the United States for the District of Kentucky: Holding; Where a river is said to be the boundary between two states, the boundary properly extended to the low water mark of the opposite shore and no higher; plaintiff's motion of ejectment based on title granted by the state of Kentucky was denied.
For example, if your state requires only $10,000 in property damage coverage but an accident you cause results in $30,000 in damages to somebody else's car, you could be on the hook for the ...
With this type of filing, you create a repayment plan for all your debts, including your car title loan. Throughout the repayment period, usually three to five years, you will make your payments ...
For example, in Ohio, a vehicle owner who wishes to sell a car that has an ELT must first have the lien released by paying the lienholder the remaining amount owed on the lien. The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the Ohio BMV on the following business day. Some ...
Title insurance offers protection from problems with a property’s title, including liens, ownership disputes and encroachments. There are two types: a mandatory lender’s policy, whose cost is ...