Vehicle name loans are costly and may place you in a period of financial obligation. Give consideration to additional options.

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Car title loans offer quick money — usually between $100 and $10,000 — in return for your vehicle’s title as security. They’re a form of secured loan, one supported by home the financial institution usually takes in the event that you don’t pay.

These loans are expensive, with hefty costs and yearly portion prices often topping 260%.

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