A form of loan that will require borrowers to surrender the games for their cars to lenders as security. Only individuals who have their cars outright with no outstanding liens are qualified to receive title loans. The debtor is permitted to carry on driving the automobile while he or she repays the name loan. The lender can repossess the car or truck and sell it if the borrower misses a payment. These loans typically carry high rates of interest when compared with other people kinds of loans.
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