What is a Car Title Loan?

February 13, 2012 by The DailySkew

A car title loan is a short term loan that is secured against your vehicle, which must have a wholesale value of $2500. A company like Turbo Title Loans can process your application. The automobile can’t be over 10 years old, and the lowest amount you can borrow is $1000. The maximum amount you may borrow is based on the wholesale value of your automobile. The key is that you don’t need to have good credit.

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Filed under: borrower | Tagged car title loans

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