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Frequently Asked Questions
Answers to Your Common Title Loan Questions
A car title loan is a type of secured loan where the borrower uses their car’s title as collateral to obtain cash.
The amount you can borrow depends on the value of your car and your ability to repay the loan. Typically, car title loans range from $1,000 to $10,000.
To get a car title loan, you must be at least 18 years old and own a car with a clear title. You will also need to provide proof of income and residency.
The application process for a car title loan can take as little as 30 minutes. Once approved, you can typically receive the funds within 24 hours.
If you can’t repay your car title loan, the lender may repossess your car. However, most lenders will work with you to create a repayment plan that fits your budget.
Make sure to read the terms and conditions carefully before signing the loan agreement. Some lenders may charge additional fees, such as processing fees or early repayment fees.
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