Car title loans offer quick money — usually between $100 and $10,000 — in return for your vehicle’s title as security. They’re a kind of secured loan, one supported by home the lending company usually takes in the event that you don’t pay.
These loans are costly, with hefty charges and yearly portion rates usually topping 260%. If you’re in a crunch for money, you probably have better choices, like requesting an advance on the paycheck or even a payday alternative loan from the credit union. Continue lendo “The Car Title Loans: Risks and Alternatives”