If you need a bit of cash to tide you over until the next payday, a payday loan may seem like a good idea. Always approach paydays loans with a lot of skepticism and hesitancy.
See some common questions and answers below
An auto title loan is a short term, high interest loan that is based on the value of your car. Your car acts as collateral and thus may be seized if you fail to repay the loan.
Auto title loans, like payday loans, should be a last resort. Not only will you pay back far more than you borrowed but you run the risk of losing your vehicle if you default on the loan. Average interest rates are 300% which means that you may repay up to four times the amount you borrowed.
If you are considering an auto title loan, check out alternatives at credit unions and online reputable lenders for short term loans or personal loans.
Auto title loans averaged between $100 and $5500. Auto title loans come with expensive fees and usurious interest rates.
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