What You Need to Know The state of Alabama requires title loan lenders to be licensed, which means they are being regulated by the state to protect you, the consumer, against things like fraud. That also means that in the unlikely event things go wrong, or a lender does not follow the laws set forth…
Title Loan Regulations & Statutes by State
An Overview of Title Loans A title loan is a method of borrowing money based on the equity of your vehicle. Unlike bank loans, title loans are more accessible to borrowers that are underemployed, bankrupt or suffer from poor credit. Essentially, a title loan will let you borrow money using the title of your vehicle…
Title Loans: A Double-Edged Sword for Subprime Borrowers
What is a Title Loan? A vehicle title loan is a secured loan that does not review a borrower’s credit history during its approval process. Also known as a title pawn, pink slip loan, or title pledge, title loans offer an alternative lending option to more than two million American adults each year. These short-term…
Titlelo Opens Its Doors
Title loans help millions of American adults make ends meet every year by providing quick access to cash without a credit check and without selling or pawning their property. Depending on the state, title loans can be somewhat unregulated, which presents the potential for high interest rates and lenders who take advantage of the financial…