What is a car title loan?

I need some money fast and my cousin recommended looking into a car title loan. What is this?

Answer provided by
Eric Schad
Answered on Apr 07, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“A car title loan is a type of loan that provides the borrower with access to quick cash in exchange for handing over the hard copy of their car title. The title loan company then places a lien against the vehicle, and you can’t receive a lien release until you pay the amount back.
In most cases, you have 30 days to pay the amount back, plus fees and interest. “

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