How Title Loans Work

Title loans are one of the best ways for you to get fast cash.  They work by using your car as collateral for a loan.  There aren't many other types of secured loans that can get you cash as fast as these do.  Many title lenders will get you money within an hour!  In order to be approved, you need to own a paid off vehicle, a copy of the title, an extra key, proof of who you are, and (not always) proof of employment.  There isn't a credit check involved, and some lenders don't require proof of employment.  The terms are usually for thirty days, and the loan is due to be paid back in full, plus interest.  Interest rates on these loans is usually around $25 per $100 borrowed.