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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...

    The application fee is capped at $20, and you’ll pay no more than 28 percent in interest. This makes payday alternative loans more affordable than car title loans and some bad credit personal loans.

  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. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    Usually, the vehicle owner must be notified of a repossession. The repossession agent will find the car and check its information such as the vehicle identification number (VIN) to make sure they have the right vehicle. If there is a match, they will attempt to hook up the car to the tow truck and tow it away or pick the lock and drive it away.

  5. Vehicle title - Wikipedia

    en.wikipedia.org/wiki/Vehicle_title

    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 ...

  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. How Do Online Title Loans Work? - AOL

    www.aol.com/online-title-loans-142300910.html

    For premium support please call: 800-290-4726 more ways to reach us

  8. Can’t Afford Your Car Payment Anymore? 9 Things You ... - AOL

    www.aol.com/t-afford-car-payment-anymore...

    A 2023 report from Moody's Investors Service indicates that new auto loan delinquencies are on the rise. In the second quarter of 2023, the delinquency rate for new auto loans climbed to 7.3%, up ...

  9. Electronic lien and title - Wikipedia

    en.wikipedia.org/wiki/Electronic_Lien_and_Title

    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 ...

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