Ah, the ubiquitous title loan. Such a simple concept – hand over your car’s lien-free title as collateral in exchange for a small loan – and yet such a massive weight of crushing debt that results. In case you’ve been lucky enough to avoid having to take out a title loan, the interest on these loans is incredibly high, to the tune of 300...
Car title loans are notorious for landing low-income individuals in a revolving cycle of excessive debt, causing great stress, and, for one out of every six borrowers, resulting in the loss of their only viable transportation to work or school. If you don’t already know, car title loans are short-term, high-interest loans that anyone with a...
Do you need money right now? You can borrow up to $10,000 today with absolutely no credit hassle, no application fees, and a low monthly interest rate! Even better, you can have your money in less than 15 minutes! Sound too good to be true? Oh, it is. Welcome to the world of the car title loan industry, the underbelly of the financial world, the...
When an emergency strikes and you need cash fast, you may consider taking out a car title loan, which is also known as a title pawn because the process works much the same as pawning, say, your $2,000 Fender Telecaster: You: I’d like to pawn this here guitar. I bought it three years ago for $2,000. Cranky pawnshop guy: I’ll give you...