One of the most common loans today is a Cash for Title or Car Title Pawn loan. A Cash for Title loan requires an individual to use their car as collateral for the Short Term Loan.
General Terms
Loan terms are 180 days or less
Loan amounts are for about 50% of the assessed value of the car
Some Typical Requirements
The individual must have possession of their car title and it must be free and clear of all liens. If the car title is owned by more than one individual, then all listed owners must be present to sign the Cash for Title agreement. The car must be operating, insured and tagged.
Regardless of the situation that requires you to seek a Cash for Title Loan; your ultimate goal is to get your title back. If you should fail to meet your repayment obligation you could lose your automobile so consider carefully the terms and requirements to ensure you can meet the obligations before signing a Car Title Pawn agreement.
Cash Titles Staff