What is an auto title loan and how does it work?
It’s pretty much exactly what it sounds like — if you need a loan, one of the things you can do is to put up the title to your car as collateral. After you receive the money, your title is still used as collateral to ensure that you repay that loan. If you’re unable to repay the loan, the lender will be able to repossess your car and sell it off to cover the debt. They have the title to your car, after all!
Obviously, you don’t want that to happen. That’s why you need to work with a reputable company like Advantage Finance. If you’re already stuck with a bad auto title loan, they can buy it out and refinance it to make sure that you won’t have to make the hard choice to give up your car. Low rates and low monthly payments make it a lot easier to build up the money you need to get your title back. We’ve all been in that situation, where we need a loan — and the judgment can be bad enough without having to pay huge fees and being treated poorly by lenders.