Drawbacks Of Car Title Loans
Drawbacks of car title loans Money borrowers can make use of their car title as a collateral for getting a car title loan. In exchange for the amount of the loan, the borrower needs to submit his/her car title as well as (temporarily) surrender the car title hard copy. In case the borrower defaults on his/her payments then the lender can repossess the car and sell it in order to repay the borrower’s debt.