Overhaulin'

how do those car title loan places work?

is it worth doing? can someone tell me whos done one please. did u get a decent amount and what was the interest?

Public Comments

1. intrest is very high...don't pay they take the car...bad way to borrow
2. Interest is higher than on a regular car loan, but the payment period is shorter, and usually the loan is less than a standard bank loan. Basically, they add themselves on as the financial owner of the car. So, if you get into an accident, or if you miss payments, they have legal right to the car primarily. If you are wanting a loan for more than a couple grand, I would recommend a bank. If you just need a few hundred to get things caught up, it is a good idea
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