What are car title loans?
Car title loans are secured loans where you can use your vehicle as collateral. By using your car as collateral, you don’t rely on your financial history. This means you can get approved for a car title loan without having perfect credit. The amount of your loan is determined by your car’s current market value, which is calculated by assessing the vehicle’s make, model, mileage, age, and condition. If your car is worth $20,000, you could receive up to $20,000!