title loans
Vehicle-secured short-term debt
A title loan is a short-term loan that uses a vehicle as collateral—the borrower surrenders the car's title until the debt is repaid.
These loans typically carry high interest rates and fees, making them a last resort for people who need quick cash but lack access to conventional credit.
If the borrower defaults, the lender can repossess the vehicle.
She took out a title loan to cover her medical bills.
- borrowingTemporary taking of another's
- cash advanceBorrowed funds before payday
- lenderOne who loans money
- chattel mortgageLoan secured by possessions
- repossessionCreditor seizing collateral
vehicle · debt · default · repo man · pawnshops · collateral · pink slip · credit · interest rate · pledges · appraisal value · predatory lending · financial hardship · short-term credit · commercial bank · foreclosure · forfeiture · state regulations
- debtscredit card debt, medical debt, student debt, mortgage, debt
- loanslend, borrow, borrower, lender, microloan
- money mistakesoverspending, impulse buying, gambling debt, debt spiral, no savings
- money wasterslottery tickets, gambling losses, overdraft fees, late fees, credit card interest
- predatory lendingusury, predatory lending, subprime mortgages, high interest rates, debt traps
- financebank, CFO, banks, controller, finance
title loansunsecured loans
Credit without collateral
unsecured credit · personal loans · credit cards · credit card debt · lines of credit
title loansbank loans
credit union loans · low-interest loans · installment loans · mortgage loans · home equity loans
title, loan, titles, titled, titling, titular, loans, loaned, loaning