Thanks for expressing an interest in auto title loans. Auto Title loans are secured by your auto's title. The lender determines how much
you can borrow, based on your auto's value. Typically auto title loans range
from $250 to $1,000, but can go as high as $10,000. The duration of these loans
is most often 30 days. If you fail to make loan payments -- maybe just one --
the lender can repossess the auto.
A short term loan provides the cash needed to meet an immediate short-term cash
flow problem. It is not a solution for longer term financial problems for which
longer term financing may be more appropriate. You may want to discuss your
financial situation with a nonprofit financial counseling service in your
community. You will be charged additional fees if you renew the loan.
Like payday loans, auto title loans are marketed as small emergency loans, but
in reality these loans trap borrowers in a cycle of debt. A typical auto title
loan has a triple-digit annual interest rate, requires repayment within one
month, and is made for much less than the value of the auto. Auto title loans
put at high risk an asset that is essential to the well-being of working
families -- their vehicle. Thanks for reading our free and informative article
on auto title loans. Be sure to visit the links on the right hand column
to learn more about auto title loans and to get an auto title loan online.
For Your Free Auto Loans Guide, Visit
http://www.CarAndAutoLoans.com.
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