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Automobile Title Loan a motor automobile name loan is a kind of short-term loan where the borrower pledges their vehicle as security.

Automobile Title Loan a motor automobile name loan is a kind of short-term loan where the borrower pledges their vehicle as security.

Just What Is Just a car Title Loan?

They are called car name loans.

The borrower must own their car free and clear in order to obtain a car title loan. In the event that debtor does not repay the mortgage, the lending company takes ownership for the vehicle and may offer it to extract their investment.

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