Car Title Loans

Car title loans are being used by predatory lenders to take advantage of unsuspecting consumers. If you are considering becoming a recipient of one of the many car title loans being issued, you should seriously re-evaluate your decision. There are a substantial number of people who have defaulted on their car title loans and lost their vehicles because of the unreasonable borrowing terms.

A car title loan uses a paid-off automobile as collateral. Typically, a car title loan payment is due within a month, carries a triple-digit annual interest rate, and often is for an amount that is far less than the value of the vehicle.

Credit advocates argue that car title loan lenders unfairly target lower-income individuals who can't afford the steep terms. National legislation to protect consumers against these lenders seems unlikely. Some states do have car title loan laws in protect consumers.

If you are in need of emergency cash, there are much smarter options to a car title loan. These options include small consumer loans, cash advances on credit cards, and advances from employers.

If you're seeking car title loans to pay for a car, you may consider getting a loan through CarsDirect. We help more credit-challenged consumers than other website in the country. We work with a network of dealers who specialize in this area of financing. The dealer has access to a number of financial institutions and will shop around to find you the best deal. Simply fill out a quick and easy application, and you'll be on your way to getting your new car and avoiding having to deal with car title loans. The service is free and absolutely no obligation is required.